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NewsUnion Budget 2016-17

Union Budget 2016-17 News

14 Mar 2016

Budget 2016: Will it meet people's aspirations?

03 Mar 2016

1% cut in corporate taxes to cost exchequer Rs 15K crore: Adhia

Finance Ministry on Thursday said it refrained from reducing the corporate tax rate by 1 percent in 2016-17 Budget as it would have resulted in revenue sacrifice of Rs 15,000 crore and impacted the fiscal consolidation programme.

03 Mar 2016

EPF tax is unfair, govt should withdraw it, says Rahul Gandhi

Opening another front against the Modi government, Congress vice president Rahul Gandhi, Thursday, demanded that the proposal to tax Employees' Provident Fund (EPF) should be withdrawn.

02 Mar 2016

Mercedes-Benz to hike car prices by up to Rs 5 lakh

The price increase would be between 3 percent and 5 percent depending on the model, leading to a price hike between Rs 1 lakh and Rs 5 lakh.

01 Mar 2016

Market showing good momentum after Budget

01 Mar 2016

Jeweller's Strike Over Excise duty Hike

01 Mar 2016

Job Creation prospects from Budget

01 Mar 2016

Budget unlikely to fire market or the mood: Citigroup

The budget is not likely to "fire" the market or the mood, Citigroup said in a research report, maintaining a positive view on India with an year-end Sensex target of 27,200.

01 Mar 2016

Government clarifies, PPF contributions will continue to be tax free

Revenue Secretary Hasmukh Adhia on Tuesday said that Public Provident Fund (PPF) contributions will continue to be tax exempt.

01 Mar 2016

Budget 2016 has good news for people with under Rs 5 lakh salary –Know why

FM Jaitley's Budget announcement certainly has some good news for people earning less than or equal to Rs 5 lakh.

01 Mar 2016

American investors bullish on Indian budget: USIBC

American companies, either having a foothold or planning to set foot in India, are bullish on the latest budget presented by the Modi government, business advocacy group USIBC has said.

29 Feb 2016

Arun Jaitley’s Union Budget 2016-17: Five Takeaways

Possibly too keenly aware of the BJP being seen as corporate friendly and, possibly, deriving lessons from the Bihar drubbing, the government has most conspicuously given an agri and rural push.

29 Feb 2016

Budget 'mere rhetoric' without any vision: Opposition

Opposition on Monday dubbed as "mere rhetoric" projection of the budget as pro-poor and said government will not be able to "fool" farmers with "hollow promises".

29 Feb 2016

For every rupee in govt kitty, 21 paise to come from borrowing

For every rupee in the government coffer, 21 paise will come from market borrowing in 2016-17, while 19 paise would be spent towards interest payment.

29 Feb 2016

Govt has passed the Budget "exams": Swraj Paul

Praising the Indian Budget, NRI industrialist Lord Swraj Paul on Monday said that it had got its priorities right by focussing on the rural sector and those less well-off.

29 Feb 2016

FM extends capital gain tax to merger of different plans in MF

Currently, capital gains tax is levied on consolidation or merger of multiple plans within a mutual fund (MF) scheme.

29 Feb 2016

Over Rs 7,290 cr allocated for AMRUT, 'Smart Cities' in budget

The government on Monday allocated about Rs 7,296 crore for two central schemes -- Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and 'Smart Cities' Mission.

29 Feb 2016

Union Budget 2016 at a glance

Here are the highlights of the Union Budget for 2016-17 (Apr-Mar), presented by Finance Minister Arun Jaitley in the Lok Sabha.

Union Budget 2016-17

29 Feb 2016

Union Budget 2016 HIGHLIGHTS: Home buyers to get Rs 50,000 more deduction on interest; no change in income tax slabs

First time home buyers will get a deduction of an additional interest of Rs 50,000 per annum for loan upto Rs 35 lakh, during 2016-17, provided the house value does not exceed Rs 50 lakh.

Union Budget 2016-17

29 Feb 2016

Budget 2016 lacks vision, conviction: Rahul Gandhi

Budget 2016 will fool neither farmers nor the poor of this country, feels Rahul Gandhi.

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