16:56
Daksha Baxi, Executive Director, Khaitan & Co. and Ritu Shaktawat, Principal Associate, Khaitan & Co:Daksha Baxi: The FM's announcement that the Tax Simplification Committee's recommendations are being accepted is a very big positive in the Government's commitment to simplifying taxation...
16:08
Prime Minister Narendra Modi said the Budget is keen on bringing about qualitative change in the country and alleviate poverty through a slew of time-bound programmes.
15:37
Arun Jaitley's Budget 2016 has many firsts to its credit.For the first time, the Budget speech, that is Part A, was in the national flag colours, with orange and green at the top and bottom.For the first time, the key documents had icons as a visual aid, you can see them...
13:41
Sticking to fiscal deficit targets a big boost, says Swaminathan AiyarArvind Subramanian: Commitment on path of growth reflects in this BudgetGovt has painted a very broad picture, we have to look at details: Shashi Tharoor
13:39
Chief Economic Adviser, Arvind Subramanian says public investment will be kickstarted by this Budget.There is room for monetary easing, this Budget reinforces this but it is up to the RBI, he added.Tax to GDP ratio is barely going to budge, fiscal consolidation will have a favourable effect on...
13:38
Chief Economic Adviser, Arvind Subramanian says public investment will be kickstarted by this Budget.There is room for monetary easing, this Budget reinforces this but it is up to the RBI, he added.Tax to GDP ratio is barely going to budge, fiscal consolidation will have a favourable effect on...
13:22
This Budget is mostly for the villagers and not the corporate sector.Markets have bounced back. Both BSE, NSE are up.
13:03
Pollution cess of 1 per cent on small petrol, LPG and CNG cars; 2.5 per cent on diesel cars of certain specifications; 4 per cent on higher capacity vehicles.Excise 1 pc imposed on articles of jewellery excluding silver.
13:02
Sanjiv Goenka: Budget restores confidence in India IncThis is a budget where BJP is telling India's village voters, we are for you, unfortunately, village voters also want high growth, and lots of jobs: Saubhik Chakrabarti, Deputy Executive Editor, ETSunil Alagh: Full marks to FM for such a bold...
12:59
Sensex recovers; down over 80 points after FM Jaitley's speechCRISIL View: It's a rural- and poor-focussed, redistributive Budget, while adhering to fiscal prudence
12:51
Direct tax proposal to result in revenue loss of Rs 1060 cr;indirect tax proposals to raise Rs 20,670 cr; net gain of Rs 19,610 cr.
12:46
Jewellery Stocks in Focus at 12.30PMTitan Rs 314.90 (-4.75%),PC Jewel Rs 307.20 (-5.35%),Gitanjali Gems Rs 31.40 (-1.26%)
12:44
Net impact of tax propoasls will result in revenue gain of Rs 19,000 croreGovt will pay interest of 9% in case of delay beyond 90 days in implementing appellate decision
12:40
E-assessments to be extended to all e-assesees in 7 metros. to eliminate face-to-face meeting with tax official, to be conducted in e-environment.Baggage allowance for fliers likely to be increased.Deferred payment of customs duty for importers and exporters with proven track record
12:40
BSE 22,720.74 -433.56(-1.87%)NSE 6,903.10 -126.65 (-1.80%)Propose to provide that on furnishing non-PAN alternative, higher rate of taxation won't apply for TDSMonetary limit for cases to be decided by 1-member bench up from 15 lakh to 50 lakh rupees: FMPenalty to be 50% of tax in income...
12:38
Sensex off day's low, down 400 points amid Budget 2016 announcements
12:36
Retrospective Tax: High level committee headed by Revenue Secretary to allay fears, says JaitleyNew disposal regime for tax casesUnder new dispute resolution scheme, tax dispute can be resolved by paying 25% of disputed income in some casesLimited tax compliance window from June 1-Sep 30 for...
12:32
About 3 lakh taxe cases pending, worht Rs 5.5. lakh croreWindow open from June 1, 2016, defaulters will pay within two months of reporting undeclared income.1 year window for tax evaders; can pay up to 45% of undeclared income.
12:31
10% extra DDT on dividend recipients earning above Rs 10 lakh per annum, says FM in Budget 20161% tax on luxury goods and cars; Infra cess of 1% on small cars & 2.5% on diesel cars, says FM in Budget 2016To hike excise duty on tobacco: FMBoost for startups! 100% tax deductions for new...
12:29
Clean Environment Cess for coal and lignite raised to Rs 400 per tonneIncrease excise duty on tobacco products between 10-15%0.05% cess called Krishi Kalyan Cess on all taxable services.
12:29
Incentives for new manufacturing companies and smaller enterprise companies: FMService tax exempted for housing construction of houses less than 60 square metre: FMIn 2016-17, govt eyes Rs 1,80,000 crore credit target through Mudra bank: FMGovernment should spend money on small scale irrigation...
12:27
Infra cess of 1% on all diesel cars of certain capacity, SUVs, some other cars
12:26
DDT to be exempt from REITs
12:26
The finance ministry has issued a press release saying that hard copies of Budget 2016 will not be distributed for the media at Parliament House today as the number of copies have been curtailed as part of its green effort.
12:24
Persons with higher income can bear higher tax cost. Tax @10% for persons/HUFs receiving dividend more than Rs 10 lakh
12:23
For first homebuyers, addl Rs 50,000 tax exemption for houses under Rs 50 lakh
12:23
BSE 22,818.16 -336.14 -1.45%)NSE 6,922.85 -106.90 -1.52%)
12:22
Withdrawal up to 40% of corpus from Pension to be made tax-exempt
12:20
A Special Patent Regime proposed to power innovation and research: FMCommitted to increase investment in asset reconstruction companies: FMGovt to set up dispute redressal body for infrastructure projects: FM Jaitley
12:19
LTCG period for unlisted firms reduced to 2 yearsEconomy, he says, has consolidated because of Govt's commitments to fiscal targets.He added that govt needs to increase the pace for divestment.
12:18
Relief to those in rented houses: deduction raised from Rs 24,000 to Rs 60,000 under Section 88G: FM
12:17
Capital gains not to be taxed if invested in select categories
12:16
Lower corp. IT rate for FY17 of relatively small enterpises, with turnover of less than Rs 5 crore limited to 29% plus cessBSE 22,899.93 -254.37 -1.10%)NSE 6,944.30 -85.45 -1.22%)
12:15
Accelerated depreciation limited to 40% for first year, starting FY18Corporate tax: Effective rate of tax comes to 24.8%. Accelerated depreciation limited to 40% for first year.For MSMEs, with revenue not more than Rs 1 crore, turnover limit for scheme raise to Rs 2 crore.
12:15
FM acknowledges the role of the taxpayer in nation buildingFinancial Data Management Centre for integrated data collection and analysis: FMMassive rollout of ATMs and micro-ATMs in post offices: FM
12:13
For MSMEs, with revenue not more than Rs 1 crore, turnover limit for scheme raise to Rs 2 crore.
12:11
Not more than Rs 5 lakh, ceiling raised under 87 (a) from Rs 2000 to Rs 5000. for renters, increased from Rs 24000 to Rs 60000 per annum
12:10
Thrust of tax proposals on relief to small taxpayer, tax generation, value addition, moving to pensioned society, affordable housing, addl resources, reducing litigation, simplification and rationalistiaon.
12:10
Revenue deficit estimate for FY 2015-16 down to 2.5% from earlier estimates: FMNecessary interim provisions made for implementation of 7th Pay Commission recommendations: FMPublic money should reach the poor and deserving without any leakage: FM
12:09
FY2016 revenue deficit target at 2.5%Non plan expenditure at Rs 14.28 lakh crore.PLan vs Non-Plan distinction to be erased in FY2017. Every new scheme to have sunset date and outcome review15.3% increase in Plan Expenditure to Rs 5.5 lakh crore, this is the last year of the 12th Plan.
12:07
160 airports and airstrips can be revived at a cost of Rs 50-100 crore each, says Jaitley.Total allocation for road and rail in 2016-17 is Rs 2.18 lakh crore: FM2,000 kilometres of state highways to be converted into national highways.
12:06
15.3% increase in Plan Expenditure to Rs 5.5 lakh crore, this is the last year of the 12th Plan.
12:05
Jaitley starts on fiscal situationFY17 fiscal deficit target at 3.5% - JaitleyFiscal deficit to be retained at 3.9% of GDP
12:04
Tech platform to be developed for procurement across ministries. Bill to amend Companies Act, will provide enabling platform, company registration to be completed in 1 day - Jaitley
12:02
Pilot DBT for fertiliser to be launched this fiscal - FMGovt to intorduce targeted delivery of subsidies and other financial services using Aadhaar platform. Aadhaar not to confer proof of domicile or citizenship - Jaitley
12:02
Govt has option to reduce stake in IDBI below 50%Govt to intorduce targeted delivery of subsidies and other financial services using Aadhaar platform. Aadhaar not to confer proof of domicile or citizenship - JaitleyGovt has option to reduce stake in IDBI below 50%Road for consolidation of banks...
12:00
Shekhar Gupta: Subsidy to take LPG to BPL families a brilliant move. It'll do more to cleanse our air than any odd-even Tamasha/tokenism
11:59
Road for consolidation of banks to be spelt out - JaitleyAllocation of Rs 25,000 crore for recapitalisation of Public sector banksRBI Act to be amended for providing framework for Monetary Policy CodeBudget 2016: Jaitley proposes listing of PSU general insurance companiesDept. of Disinvestment to...
11:58
BSE 23,030.82 -123.48(-0.53%)NSE 6,986.35 -43.40 -0.62%)
11:57
New derivative products to be developed by Sebi100% FDI to be allowed through FIPB in marketing of food produce manufactured and processed in India - Jaitley.Financial data management centre to be set up for financial managementComprehensive code on resolution of financial firms to be introduced...
11:51
Guidelines for PPP contracts to be issued. New credit rating systems for infra sector instead of relying standard perception of risk.BS View from Viveat Susan Pinto: 'FM lives allocates Rs 2.78 lakh crore for rural economy & welfare. Impact: This will boost rural consumption. A positive for...
11:51
New pricing based on landed price is being considered - JaitleyWork of national waterways already being expedited: FMWe will interlink state employment exchanges with national service career platform: FMConsidering to incentivize gas production from deep sea, ultra deep water and high temp....
11:49
Govt to incentivise exploration in high seas.Oil and gas discovery and exploration has been below our potential - JaitleyCivil aviation - 160 unused and underused airports. These can be revived at cost of about Rs 150 crore each.Ports - have added highest ever capacity. SagarMala project rolled...
11:46
BS View by T N Ninan: FM promises electricity,roads in every village,& cooking gas in every household, all in three years. Commendable goals
11:45
Rs 2,21,246 crore for roads and highways and railways.
11:44
UPL Rs 384.50 (+1.57%),Rallis India Rs 148.35 (+1.78%),Monsanto India Rs 1616.00 (+1.52%)GSFC Rs 62.90 (+3.88%)
11:41
BS View by FMCG Editor Viveat Pinto: Govt's rural spending to push rural consumption.Positive for all cos whose sales come from rural areasAadhaar to be given statutory backing, says FM Arun JaitleyTo set up higher education financing agency with corpus of Rs 1000 crore
11:39
Rs 2.87 lakh crore will be given as aid to Gram Panchayats as recommended by Finance Commission It is a quantum jump of 228%Skill India Mission - want to bring entrepreneurship. To set up 5700 multi-skill schools nationwide. To skill 1 crore youth over next 3 years
11:37
National SC/ST hub to be set up in MSME Ministry, to provide professional help to help SC/ST entrepreneurs in govt procurement policy
11:34
BSE 23,126.74 -27.56 -0.12%)NSE 7,018.25 -11.50 -0.16%)
11:33
Most political budget speech in yrs. Tone echoes a hard Agro-povertarian swing. govt seems losing nerve early, say experts.
11:32
Catastrophic health events single largest cause of out of pocket expenditure, pushes people below BPL. Govt to launch new health protections schemed, health cover of Rs 1 lakh per family. Addl top up of Rs 30000 for senior citizens
11:31
Rs 2,000 crore to meet initial cost of proving LPG connections for rural areas. Scheme to continue for 5 years to cover BPL householdsWomen of India have faced the curse of smoke during cooking, time to remedy this - JaitleyOver Rs 87,000 crore allocated for rural development.
11:30
Two digital literacy programme will cover 6,000 extra villagesRs 38,500 crore allocated to MNREGS- Highest ever amount spend in a year
11:29
Rs 38,500 crore allocated for MGNREGATo provide statutory backing to Aadhar: FMA unified agriculture platform to be dedicated to the nation on the birth anniversary of BR Ambedkar: FMA dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARDFirst time plan expenditure has...
11:23
FM Jaitley takes Speaker's suggestion, to read out rest of speech sitting down.Total allocation for agri and farmer welfare is Rs 35,984 croreFour new projects for dairy farmers, to costs Rs 850 crore
11:22
Provision of Rs 15,000 crore to ease burden on loan repayment in form on interest subvention for farmers100 kms road construction per day currently to be stepped up.Rs 27,000 crore to be spent on roads network
11:21
BSE 23,191.93 +37.63 (+0.16%)NSE 7,037.65 +7.90 (+0.11%)
11:20
Markets bounce back as Jaitley presents Budget in Parliament.
11:19
Govt implementing a unified market for agri produce, e-platform to be launched after states amend APMC Act. E-platform to be dedicated on Babasaheb Ambedkar's birth anniversary.
11:19
Rs 500 crore allocated to pulses production.
11:18
Nominal premium and highest ever compensation in case of crop loss under the PM Fasal Bima Yojana: FM
11:17
Global economy has reduced from 3.4% to 3.1% growth. Indian economy has grown to 7.6% while CPI inflation down to 5.4% - JaitleyAllocation for AIBP at Rs 17,000 crore
11:16
Business Standard Says: FM says public listing of general insurance companies. FY17 could be year of insurance company IPOs. Not even a single domestic insurance company is listed in India yet
11:16
Nominal premium and highest ever compensation in case of crop loss under the PM Fasal Bima Yojana: FM
11:15
Of 141 mn hectares of cultivated area, only 46% covered by irrigation. 28.5 lakh hectares to be brought under new scheme.Agri and farmers' welfare: Need to think beyond food security to income security. WIll double income of farmers by 2022. Rs 35, 984 crore allocation
11:14
Agri, rural sector, health sector, education skills and job creation, infra and investment, financial sector reforms, governance and ease of business, fiscal discipline, and tax reform to reduce compliance burdenWill provide for PSU bank recapitalisation in this fiscal.
11:13
Farm, rural sector, infra, social sector to have more Government expenditure: FMFM says that recapitalization of banks will be done during next FY
11:12
Govt to focus on passing GST and Bankruptcy laws. Statutory backing for Aadhaar platformGovt to provide addl resource to rural and vulnerable areasIncreasing outlay on social sector programmes, 3 schemes to be focus: Crop Insurance, health insurance scheme for 1/3rd of India and BPL families to...
11:11
GDP growth accelerated to 7.4%: FM Arun JaitleyWe have bridged the trust deficit created by the previous governmentOur forex reserves are at the highest levelCPI inflation has come down to 5.4% under our government, despite two poor monsoons
11:10
The risk of global slowdown mounting. Must have macro stability and fiscal prudence, Must rely on Indian markets and demand, and must continue with reforms to change lives for betterIncreased plan expenditure at RE stage in contrast to usual practice of reducing it
11:09
Arun Jaitley: Let us look at our achivements compared to the last three years of the last governmentNIFTY Most Active Stocks at 11:00AMSBI Rs 163.25 (+4.7%),AXIS Bank Rs 386.20 (-0.04%),ICICI Bank Rs 189.45 (+2.52%),RIL Rs 950 (-0.08%),Maruti Rs 3360.20 (-1.44%)Jaitley: We inherited an economy...
11:07
Forex reserves at $350 bn.
11:06
CAD has declined to $14.4 bn dollars, projected 1.4% of GDPGrowth of GDP has accelerated - Jaitley
11:05
Have managed this despite inhering weak economy. But have converted these into opportunities - JaitleyIndian economy has stood its ground
11:03
Market cautious ahead of FM's speech; Sensex trading lower by 43 points, Nifty50 holds 7,000
11:01
Will his proposals ease the fiscal burden of average citizens, notably individual tax payers? Will the corporate sector see tax reforms?Union Budget: 2016: Complete Coverage
10:38
Dalal Street veterans say Nifty upside limited, unlikely to top 7,200 after BudgetIncrease in rural spending will boost demand; Adrian MowatM B Rajesh, CPI: Rosy picture which the Modi govt wants to paint is not reflecting on the ground, there is rural distress that has not been addressedAcche...
10:07
Prime Minister Modi reaches Parliament.
09:55
Govt needs to keep fiscal deficit in check, says Arvind Mayaram
09:55
Copies of Union Budget 2016 arrive in Parliament
09:54
CEA Arvind Subramanian and Hasmukh Adhia arrive in Parliament
09:51
Nilesh Shah: Need a level playing field between FIIs and domestic investors & domestic capital to be part of domestic growthTop losers in banking sector ahead of Budget 2016Dhanlaxmi Bank Ltd.YES Bank Ltd.Jammu & Kashmir Bank Ltd.IndusInd Bank Ltd.Lakshmi Vilas Bank Ltd.HDFC Bank...
09:36
Raamdeo Agrawal: Remain positive on markets with a 1 year time horizon. Markets will be at a higher level by next BudgetRupee depreciates 10 paise against US dollarSensex, Nifty start on a cautious note ahead of Budget 2016
09:34
Ramesh Damani: Big overhand for markets are LTCG tax and fiscal consolidation, those will be the cues for bourses from Budget 2016
09:32
With the Finance Minister all set to table the Union Budget 2016 today, markets will be keenly awaiting the government's stance on fiscal consolidation, revival in investments while investors would watch out for annoucement on capital gains and reduction in corporate taxes.Here are some of the...
09:27
Maruti hits new 52-week low.PSU banks lead.Aswani gujral says: Buy Aurobindo Pharma, DHFL; sell United Spirits
09:24
Short term out look for the market still remains negative till nifty trades below 7252 levels & expecting targets in the range of 6800-6750 levels in short term. Medium term out look for the market remains still negative till nifty trades below 7600 levels.
08:52
Will Jaitley be able to strike the right balance between fiscal prudence and providing booster shots for growth?Stocks in focus: Maruti, SBI, ITC, L&T and Hindalco.Biggest question: Will Jaitley stick to fiscal prudence?
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