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Home » Union Budget 2016-17

Union Budget 2016-17 – Politically Correct? Economically Prudent?

By TN Ashok New Delhi, Feb 29 ; The NDA government led by BJP’s Prime Minister Narendra Modi today presented a budget that seemed politically correct ahead of five assembly elections that go to polls from May onwards . The focus was just right on social...

Jaitley’s 2016-17 Budget Focuses on Key Reform Measures

By TN Ashok New Delhi, Feb 29: – The Government is firm on its course towards fiscal consolidation without compromising on its development agenda. 3.5% fiscal deficit is targeted for FY 2017 and is claimed to be achievable, Finance Minister Arun...

Jaitley opens coffers for rural India, unveils another tax amnesty

By Arvind Padmanabhan New Delhi, Feb 29 (IANS) Focusing on rural economy and infrastructure with minor rebate for small taxpayers but amnesty for defaulters, Finance Minister Arun Jaitley on Monday unveiled a Rs.19.78 lakh crore ($300 billion) budget...

Jaitley’s 2016-17 Budget Focuses on Key Reform Measures

By TN Ashok New Delhi, Feb 29: – The Government is firm on its course towards fiscal consolidation without compromising on its development agenda. 3.5% fiscal deficit is targeted for FY 2017 and is claimed to be achievable, Finance Minister Arun...

‘Transform India’ is theme of Budget 2016-17 , GDP Accelerates to 7.6%

By TN Ashok New Delhi, Feb 29: GDP has accelerated to 7.6% in the current Financial Year notwithstanding the contraction of global exports by 4.4% compared to 7.7% growth in the world exports during the last three years of the previous Government, Finance...

Simplification and Rationalization of Taxation – 2016-17 Budget Focus

By TN Ashok New Delhi Feb 29:   The Union Budget for 2016-17 has proposed measures to rationalize TDS provisions for Income Tax to improve cash flow position of small tax payers who get their funds blocked due to current TDS provisions, Finance Minister...

Outlay on Roads and Railways Proposed at Rs 2,18,000 Crore in 2016-17

Total Outlay for Infrastructure in Budgetary Estimates 2016-17 Stands at Rs. 2,21,246Crore By TN Ashok New Dehi, Feb 29 : A total outlay of Rs. 2,18,000 crore will be spent on capital expenditure of roads and railways in 2016-17, The Fi nance Minister...

Highlights of Union Budget 2016-17

New Delhi, Feb 29  Highlights of the budget for 2016-17 presented by Finance Minister Arun Jaitley in the Lok Sabha. Highlights of Union Budget 2016-17 : * To reduce multiplicity of taxes and cascading, 13 taxes with collections of less than Rs.50...
GDP Projected at 7.6% for 2016-17 – IMF Hails India’s Growth

GDP Projected at 7.6% for 2016-17 – IMF Hails India’s Growth

Emphasis on Infrastructure Development Benefits to small tax payers, health scheme for poor  – Rich taxed – Cigarettes and Cars costlier Revenue Loss from Direct Tax concessions – Rs 1060 crore &  Revenue Gain from Indirect Tax proposals...
One more scheme for holders of black money

One more scheme for holders of black money

New Delhi, Feb 29  Union Finance Minister Arun Jaitley on Monday announced a new amnesty scheme for those having unaccounted money to come clean by paying 45 percent of their undisclosed asset. Presenting his budget for the year 2016-17, Jaitley said...
Jaitley allots Rs.25,000 crore for state-run banks’ recapitalisation

Jaitley allots Rs.25,000 crore for state-run banks’ recapitalisation

New Delhi, Feb 29  Continuing government efforts to deal with the high levels of non-performing assets (NPAs), or bad debts, of state-run banks, Finance Minister Arun Jaitley on Monday allocated Rs.25,000 crore towards their recapitalisation in the next...
Government to Double the Income of Farmers by 2022

Government to Double the Income of Farmers by 2022

Unified Agricultural Marketing E-Platform to be Dedicated to the Nation on 14th April this Year The Union Finance Minister, Shri Arun Jaitley while presenting the General Budget today said that his Government intends to go beyond Food Security and give...
Incentivising domestic value addition to help Make in India

Incentivising domestic value addition to help Make in India

While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that customs and excise duty structure plays an important role in incentivizing domestic value addition towards Make in India campaign. He...
Jaitley’s budget focuses on small tax payers, rural economy

Jaitley’s budget focuses on small tax payers, rural economy

New Delhi, Feb 29  Finance Minister Arun Jaitley on Monday gave relief to small tax payers, nudged the affluent to shell out more while focusing on the rural economy with much higher fiscal outlays, as he presented India’s national budget for 2016-17...
Arun Jaitley flaunts suave fashion sense at Budget 2016-17

Arun Jaitley flaunts suave fashion sense at Budget 2016-17

New Delhi, Feb 29  Finance Minister Arun Jaitley, who presented India’s national budget for the next fiscal in the Lok Sabha on Monday, gave every bit of a competition to the fashion savvy Prime Minister Narendra Modi in a suave light blue Nehru...
Investment of Rs.97,000 crore in road sector: Jaitley

Investment of Rs.97,000 crore in road sector: Jaitley

New Delhi, Feb 29 In a major push on infrastructure, Finance Minister Arun Jaitley on Monday announced allocation of Rs.97,000 crore for the roads sector in the union budget for the next fiscal.This amount includes the Rs.19,000 crore he has allocated...
‘Ek Bharat Shrestha Bharat’ scheme to be launched: Jaitley

‘Ek Bharat Shrestha Bharat’ scheme to be launched: Jaitley

New Delhi, Feb 29 (IANS) Finance Minister Arun Jaitley on Monday announced that ‘Ek Bharat Shrestha Bharat’ scheme will be launched with an aim to connect states and districts of the country.“The states and districts will be connected...
100 percent foreign equity in retail of domestic food products: Jaitley

100 percent foreign equity in retail of domestic food products: Jaitley

New Delhi, Feb 29  In a major reforms push, Finance Minister Arun Jaitley on Monday said 100 percent foreign equity will be allowed in the retail of domestically-processed food to give a push to the country’s farm sector.In his budget proposals...
Higher education financing agency to be set-up: Jaitley

Higher education financing agency to be set-up: Jaitley

New Delhi, Feb 29 Finance Minister Arun Jaitley on Monday announced the setting up of a higher education financing agency, with a fund of Rs.1,000 crore.Presenting the 2016-2017 Budget in the Lok Sabha, Jaitley also said that an enabling regulatory architecture...
Health Insurance up to Rs.1 lakh per family: Jaitley

Health Insurance up to Rs.1 lakh per family: Jaitley

New Delhi, Feb 29  Finance Minister Arun Jaitley on Monday announced that the government will provide health insurance of up to Rs.1 lakh per family.“The government will provide health insurance of up to Rs.1 lakh per family,” said Jaitley,...
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