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Indian Union Budget 2017-18

Electoral bonds: Governments need to clarify on a few matters urgently

Electoral bonds: Governments need to clarify on a few matters urgently

Wed, Mar 22, 2017

Rucha Ranadive ,Associate Economist, Care Ratings said, "This move is expected to bring in better political funding pattern and transparency in transactions. However, there is a possibility that the identity of the donor will be revealed that won’t serve the purpose and will be similar to direct donation to the party."

NITI to lend support in development of 10 big infra projects

NITI to lend support in development of 10 big infra projects

Mon, Mar 20, 2017

The proposal to short list 10 big projects on priority basis was discussed during a meeting of NITI Aayog officials and representatives from various states on March 7, a senior government official said.

Cheaper interest rates fail to spur home loans demand

Cheaper interest rates fail to spur home loans demand

Mon, Mar 20, 2017

In the first week of January, State Bank of India (SBI) took the lead by making 90 basis point revision in home loan rates. It was soon followed by other public and private banks where rate cuts in the range of 10 basis points to 90 basis points were undertaken.

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RBI may hold rates this year after 25 bps cut next week:Nomura

RBI may hold rates this year after 25 bps cut next week:Nomura

Sun, Feb 05, 2017

According to Japanese financial services major Nomura, though the Reserve Bank might go for a policy easing on February 8, it would be a "close call" considering some global factors like higher oil prices and narrowing interest rate differentials.

Rating agencies several notches behind India's reality: Das

Rating agencies several notches behind India's reality: Das

Sun, Feb 05, 2017

Taking a dig at global rating agencies for failing to upgrade India's sovereign rating despite significant improvement in macroeconomic parameters, Economic Affairs Secretary Shaktikanta Das has said the agencies are several steps behind from reality and are missing out on something which only they can best explain.

Budget hike for kids-related schemes nominal: Satyarthi

Budget hike for kids-related schemes nominal: Satyarthi

Sun, Feb 05, 2017

"Like last 15 years, budgets for children have remained stagnant with Union Budget 2017-18 allocating just 3.32% to children. While the need is that of exponential increase, allocations for children have seen only an incremental increase with Rs 71,305.35 crore from Rs 65,758.45 crore in 2016-17 budget," Komal Ganotra, director (policy, research and advocacy) at CRY told PTI.

Disinvestment receipts to touch Rs 45,000 crore: Jaitley

Disinvestment receipts to touch Rs 45,000 crore: Jaitley

Sun, Feb 05, 2017

"It's true this government does not make a song and dance about disinvestment. I fix a target in every Budget...This year, I am going to touch Rs 45,000 crore in one year," he said at a panel discussion on TV channel Times Now.

Bill to address bankruptcy in financial sector this session: Das

Bill to address bankruptcy in financial sector this session: Das

Sat, Feb 04, 2017

In order to address the bankruptcy issue in the financial sector, government is likely to introduce a Bill for resolution of insolvent financial firms during the current session of Parliament.

Market add smart gains for second week, up 358 points

Market add smart gains for second week, up 358 points

Sat, Feb 04, 2017

Clear-cut market-friendly budget proposals charmed the investors sentiment leading the key indices to leap four month highs, focus on fiscal discipline, tax balm for investors including clarity on FPI taxation, massive capital infusion for Public sector banks, Infrastructure, agriculture sector resonated the stock momentum.

Economy to grow more than 7% next fiscal: Das

Economy to grow more than 7% next fiscal: Das

Sat, Feb 04, 2017

Drawing on Finance Minister Arun Jaitley's statements, the secretary said there will be transient impact of demonetisation on the economy, but it will not spill over to the next fiscal.

Infrastructure and passenger safety prime focus of railway budget

Infrastructure and passenger safety prime focus of railway budget

Sat, Feb 04, 2017

"This budget is concentrating on the improvement of infrastructure and most importantly safety. The basic focus of this railway budget is on the railway safety features like signalling and telecommunication system, track renewals, passenger amenities," Eastern Railway General Manager Ghanshyam Singh told the media.

Budget 2017: Jaitley allocates Rs 1.87 lakh crore to rural, agriculture and allied sectors

Budget 2017: Jaitley allocates Rs 1.87 lakh crore to rural, agriculture and allied sectors

Wed, Feb 01, 2017

The government has alloted a sum of Rs 19,000 crore for the curent fiscal under Pradhan Mantri Gram Sadak Yojana, (PMGSY).

Affordable homes get infrastructure status in Union Budget

Affordable homes get infrastructure status in Union Budget

Wed, Feb 01, 2017

Adding to the profit-linked income tax exemption for promoters of affordable housing scheme in last year’s budget, Finance Minister Arun Jaitley today said that affordable homes will be given infrastructure status.

Budget 2017: Income tax slashed; find out more

Budget 2017: Income tax slashed; find out more

Wed, Feb 01, 2017

A surcharge of 15% will be applicable on income above Rs 1 crore to continue.

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