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Home » Union Budget 2017-18

08general_budget

Budget provides leeway to increase power demand, wanting in tackling stressed assets : Experts

By Bappaditya Chatterjee  Kolkata, Feb 5  The problem of subdued power demand ailing the thermal as well as renewable energy sectors was addressed by Union Finance Minister Arun Jaitley in his budget proposals for fiscal 2017-18 on February 1, but there...
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Budget aimed at fulfilling heightened expectations post-demonetisation

The Union Budget for 2017-18 was easily the most anticipated one in recent times. The public was seeking the government’s policy stance after its bold attack on black money with demonetisation. On a related note, the market was also looking forward...
The Union Minister for Finance and Corporate Affairs, Arun Jaitley departs from North Block to Rashtrapati Bhavan and Parliament House, along with the Minister of State for Finance and Corporate Affairs, Arjun Ram Meghwal and the Minister of State for Finance, Santosh Kumar Gangwar to present the General Budget 2017-18, in New Delhi on February 01, 2017.

Judiciary gets Rs 1,744 cr in 2017-18 budget

New Delhi, Feb 1 (IANS) The union budget for 2017-18 has earmarked Rs 1,744.13 crore for the administration of justice including justice delivery, legal reforms, development of infrastructural facilities and autonomous bodies associated with legal matters...
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Agriculture, allied sector gets Rs 58,663 cr in budget

New Delhi, Feb 1 (IANS) Seeking to double farmers’ income by 2022, Finance Minister Arun Jaitley on Wednesday allocated Rs 58,663 crore to agriculture and allied sector for 2017-18 and increased the farm credit target to Rs 10 lakh crore in the...
India to spend Rs 150 crore on Chabahar port

India to spend Rs 150 crore on Chabahar port

New Delhi, Feb 1 (IANS) India will spend Rs 150 crore on the strategic Chabahar port in Iran, Rs 50 crore more than in last fiscal, apart from giving Rs 6,479 crore in aid to other countries. All this will flow out of the External Affairs Ministry’s...
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Balanced budget by Jaitley : Microsoft India head

Hyderabad, Feb 1 (IANS) Finance Minister Arun Jaitley presented a balanced budget, underlined by the continued push to using technology to aid a digital economy, said Microsoft India President Anant Maheshwari. He believes the budget’s focus on...
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Home Ministry allocated Rs 97,187 cr in budget

New Delhi, Feb 1 (IANS) The Union Home Ministry has been allocated Rs 9,7187.17 crore in the 2017-18 Union Budget, a steep hike of 5.1 per cent, with most of the funds earmarked for police including Central Armed Police Forces (CAPFs), responsible for...
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BJP MP lauds Jaitley for Special Component Plan fund hike

New Delhi, Feb 1 (IANS) Bharatiya Janata Party (BJP) MP Udit Raj on Wednesday hailed Finance Minister Arun Jaitley for increasing the fund allocation under the Special Component Plan (SCP) by 35 per cent and demanded its proper implementation. “I...
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Defence budget sees hike of around six percent

New Delhi, Feb 1 (IANS) Defence allocation saw a hike in the Union Budget 2017-18, with government earmarking Rs 2,74,114 crore ($40,650 million) for defence, a hike of around 5.6 percent over last year’s allocation. The allocation for 2016-17...
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Jaitley sets divestment target of Rs 72,500 cr for 2017-18

New Delhi, Feb 1 (IANS) The Indian government will raise Rs 72,500 crore through divesting stake in central public sector enterprises (CPSEs) during the next fiscal, Finance Minister Arun Jaitley announced on Wednesday in the Union Budget for 2017-18...
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Environment gets more funds, but cut on Project Tiger

New Delhi, Feb 1 (IANS) The Environment Ministry is proposed to be allocated Rs 2,675.42 crore in the 2017-18 Union Budget, an increase of Rs 399.42 crore over the last fiscal. In 2016-17, the ministry had got a hike of over Rs 600 crore, about 39 per...
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Five special tourism zones to come up in 2017-18 : Jaitley

New Delhi, Feb 1 (IANS) Finance Minister Arun Jaitley on Wednesday announced that the government will develop five special tourism zones in the next financial year. “Tourism is a big employment generator and has a multiplier impact on the economy....
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Air India to get Rs 1,800 crore of fresh equity in 2017-18

New Delhi, Feb 1 (IANS) Finance Minister Arun Jaitley on Wednesday proposed to infuse an additional equity of Rs 1,800 crore in the cash-strapped national passenger carrier Air India for 2017-18 fiscal. The budgetary support has been provided to the...
The Union Minister for Finance and Corporate Affairs, Arun Jaitley departs from North Block to Rashtrapati Bhavan and Parliament House, along with the Minister of State for Finance and Corporate Affairs, Arjun Ram Meghwal and the Minister of State for Finance, Santosh Kumar Gangwar to present the General Budget 2017-18, in New Delhi on February 01, 2017.

43 budget proposals for 2016-17 implemented : Finance Ministry

New Delhi, Feb 1 (IANS) Of the 107 social schemes and welfare programmes announced in the Union Budget for 2016-17, 43 were implemented and 4 partially implemented by the ministries concerned, work on 59 was in progress while one was dropped, said the...
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Civil aviation’s budgetary allocation increased to over Rs 5,000 crore

New Delhi, Feb 1 (IANS) Finance Minister Arun Jaitley on Wednesday proposed to allocate Rs 5,167.60 crore to the Ministry of Civil Aviation for the 2017-18 fiscal. The government had allocated Rs 4,230.40 crore to the ministry for the financial year...
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Tax sops for individuals, small firms; more money for welfare : Jaitley

New Delhi, Feb 1 (IANS) Hoping for a 17-per cent growth in taxes revenues, Finance Minister Arun Jaitley on Wednesday presented the Union Budget 2017-18, offering more money for welfare schemes, minor tax sops for individuals and small firms, with a...
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All villages to be electrified by 2018 : Jaitley

New Delhi, Feb 1 (IANS) Aiming to empower villages through a hike in MGNREGA funds, poverty alleviation and 100 per cent electrification by May 2018, Finance Minister Arun Jaitley on Wednesday focussed on rural India. In his Budget speech, Jaitley said...
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Systemically important NBFCs to be classified as QIB

New Delhi, Feb 1 (IANS) Systemically important non-banking finance companies (NBFC) with above a certain net worth would also be categorised as Qualified Institutional Buyers (QIB) to participate in initial public offerings, Finance Minister Arun Jaitley...
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India Inc welcomes Union Budget, gives thumbs up to infra push

New Delhi, Feb 1 (IANS) 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...
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North-East gets Rs 2,682 cr, substantial hike across ministries

New Delhi, Feb 1 (IANS) Even though Finance Minister Arun Jaitley did not announce any new initiative for the North-East Region (NER), the budgetary allocation for the Ministry of Development of North Eastern Region (DONER) saw a hike of about Rs 158...
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