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Budget 2017 impact

01 Feb 2017

Digitial economy initiatives, cyber security measures in budget welcomed

Technology based companies have appreciated government's push for digital economy and cyber security measures announced in the Union budget today.

Union Budget 2017

01 Feb 2017

Budget 2017 impact: PSU banks end 5% higher on Rs 10,000 crore infusion announcement

Shares of PSU banks today rose by as much as 5.7 percent after the government announced infusion of Rs 10,000 crore in public sector lenders in the next fiscal.

Budget 2017 impact

01 Feb 2017

India Inc welcomes Union Budget, gives thumbs up to infra push

Indian industry stakeholders have hailed the Union Budget 2017-18, especially the measures announced by Finance Minister Arun Jaitley for infrastructure push, on affordable housing and for expansion of the BharatNet project among others.

Union Budget 2017

01 Feb 2017

Govt halves revenue estimate from telecom to Rs 44,300 crore

Following muted response to spectrum auction, government has slashed revenue expectation from the telecom sector by 55 per cent to Rs 44,342.2 crore for 2017-18, indicating no sale of airwaves for mobile services next fiscal.

Union Budget 2017

01 Feb 2017

Agri credit raised to record Rs 10 lakh crore in FY18

In a major thrust to agriculture, Finance Minister Arun Jaitley on Wednesday announced a whopping Rs 1 lakh crore hike in the credit target for the next fiscal to Rs 10 lakh crore as part of the government's efforts to double farm incomes in the next five years.

Union Budget 2017

01 Feb 2017

Budget 2017 impact: Government to reduce time for revising tax return to 12 months

Finance Minister Arun Jaitley today proposed to reduce the time period for revising a tax return to 12 months from completion of financial year.

Union Budget 2017

01 Feb 2017

Budget 2017: Here is what the common man gets

The combined effect of both these measures will mean that there would be zero tax liability for people getting income upto Rs 3 lakhs per annum and the tax liability will only be Rs 2,500 for people with income between Rs 3 to Rs 3.5 lakhs.

Union Budget 2017

01 Feb 2017

Fiscal deficit for 2017-18 pegged at 3.2% of GDP; to achieve 3% in 2018-19

Finance Minister Arun Jaitley today said that the total expenditure in Budget for 2017-18 has been placed at Rs. 21.47 lakh crores. With the abolition of Plan-Non Plan classification of expenditure, the focus is now on Revenue and Capital expenditure.

Union Budget 2017

01 Feb 2017

Aadhar based health smart cards for senior citizens, Allocation for SC, ST & Minorities enhanced

Finance Minister Arun Jaitley while presenting the General Budget 2017-18 in Parliament on Wednesday said that the Government is giving special importance to the implementation of the Schemes for the welfare of Scheduled Castes, Scheduled Tribes and Minorities.

Union Budget 2017

04 Feb 2017

I have rewarded honesty of small taxpayers and more money in their hands: Arun Jaitley

The government's tax proposals in Budget 2017-18 have tried to incentivise the first time taxpayers and rewarded the honesty of those paying tax, said Finance Minister Arun Jaitley after his post-budget interaction with media.

Union Budget 2017

01 Feb 2017

Budget gives a major push to Digital Economy; proposes No Cash Transaction above Rs 3 lakh

In a bid to give a push to Digital Economy and weed-out corruption and black money, the Union Minister for Finance and Corporate Affairs Arun Jaitley in his Budget Speech on Wednesday said that the Government has decided that no transaction above Rs 3 lakh will be permitted in cash.

Union Budget 2017

01 Feb 2017

Demonetisation will lead to bigger, cleaner and real GDP: Arun Jaitley

The Union Minister of Finance and Corporate Affairs Arun Jaitley said that India has witnessed historic and impactful economic reforms and policy making in the last one year and there were two tectonic policy initiatives, namely, passage of the Constitution Amendment Bill for GST and the progress made for its implementation; and demonetisation of high denomination bank notes.

Union Budget 2017

01 Feb 2017

Budget 2017: Govt unveils string of measures towards Ease of Doing Business

Presumptive income scheme for audit of entities raised from Rs. 1 crore to Rs. 2 crore; Threshold for maintenance of books for individuals and HUF more than doubled.

01 Feb 2017

Govt removes all taxes on PoS machines to push e-payments

In a move to push digital payments, the government on Wednesday removed all duties on devices used in the process of cashless transactions like point of sales machines, finger print readers etc.

Union Budget 2017

01 Feb 2017

Budget 2017 will accelerate development, tax reforms a 'bold move', says PM Modi

The Budget announced by Finance Minister Arun Jaitley has taken forward the work undertaken by the government in the last two and a half years and will further accelerate development and generate employment for youth, PM Narendra Modi said on Wednesday.

01 Feb 2017

Cash transactions above Rs 3 lakh banned from April 1: Arun Jaitley

Continuing with government steps to clamp down on black money, Finance Minister Arun Jaitley on Wednesday proposed to ban all cash transactions above Rs 3 lakh beginning April 1, 2017.

Union Budget 2017

01 Feb 2017

No tax on individual income up to Rs 3 lakh, 2.5 lakh to 5 lakh slab to be charged at 5%

Finance Minister gave reprieve on income tax for those earning up to Rs 5 lakh.

01 Feb 2017

Rail tickets to be cheaper, no service charge on e-tickets from April 1

Giving railway commuters a reason to smile and enjoy their journey, Union Finance Minister Arun Jaitley on Wednesday announced that no service charge will be levied on tickets booked through the IRCTC website.

01 Feb 2017

Complete rural electrification by 2019, hike in MNREGA fund: Arun Jaitley

From poverty free Panchayats to 100 per cent electrification of villages by May 2019 and majorly hiking the MNREGA fund, Union Finance Minister Arun Jaitley on Wednesday focused on rural India.

01 Feb 2017

Govt to infuse Rs 10,000 crore in PSU banks in FY18

The government will infuse Rs 10,000 crore in public sector banks in the next fiscal and more will be provided if required, Finance Minister Arun Jaitley said on Wednesday.

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