Budget 2016

Jewellers divided on calling off strike; Delhi shops still shut

A section of jewellers and bullion traders continued their strike for the 20th day here Monday, demanding rollback of the proposed 1 percent excise duty on non-silver jewellery, even as major associations called off the stir after meeting Finance Minister Arun Jaitley.

Mar 21, 2016, 15:27 PM IST

Artisans, job workers exempt from 1% excise on jewellery: Finance Ministry

In a bid to calm the frayed nerves of jewellers agitating against imposition of 1 percent excise duty, the finance ministry today said artisans and job workers will not have to pay this levy.

Mar 18, 2016, 22:05 PM IST

PM Narendra Modi's new growth recipe - Just add water

Modi`s budget has allocated a record $18 billion in the federal budget to expand irrigation and recharge aquifers - two thirds of that could come from overseas loans.

Mar 16, 2016, 17:07 PM IST

Jewellers protest excise duty, shops shut for 15th day

Gold and jewellery establishments across the country remained closed for the 15th day today as traders are protesting the Budget proposal to levy 1 percent excise duty on non-silver jewellery

Mar 16, 2016, 16:57 PM IST

Britain FM George Osborne to wield axe in annual budget

Most economists believe that Chancellor of the Exchequer Osborne will likely avoid any major shocks, with three months to go until Britons vote on EU membership in a crucial referendum.

Mar 16, 2016, 16:26 PM IST

Jewellers strike enters 13th day against excise duty

Jewellers have been on a strike since March 2 protesting against the proposed excise duty imposition on non-silver jewellery items.

Mar 14, 2016, 15:04 PM IST

Will take up excise duty issue with PM: Union Minister to jewellers

Gujarat MP and Union Minister Mohan Kundariya today said he will take up with Prime Minister Narendra Modi the excise duty issue raised by striking jewellers in an effort to resolve the matter.

Mar 13, 2016, 23:58 PM IST

Eicher Motors declares interim dividend of Rs 100 per share

Eicher Motors today said its board has approved payment of interim dividend of Rs 100 per equity share of Rs 10 each for the financial year 2015-16

Mar 13, 2016, 00:19 AM IST

Jewellers strike enters 11th day over excise duty

The strike by jewellers and bullion traders continued for a 11th straight day Saturday demanding withdrawal of the proposed excise duty on non-silver jewellery items.

Mar 12, 2016, 17:53 PM IST

Government to award Rs 3 lakh-crore highway contracts by May 2017: Nitin Gadkari

To further boost highways building, the government plans to award contracts worth Rs 3 lakh crore by May next year, Union Minister Nitin Gadkari said today.

Mar 12, 2016, 01:47 AM IST

Cut in gold imports to keep current account deficit under control

Gold traders all over the country may be on strike against imposition of 1 percent excise duty in the recently tabled budget, the government is not stressed big time as the protest is helping it to observe a sharp cut in imports of the yellow metal in March from a year earlier

Mar 11, 2016, 05:03 AM IST

Budget tries to satisfy interest of Narendra Modi, Moody's: Shashi Tharoor

Describing the union budget as a 'name changing exercise', Congress MP Shashi Tharoor said there are "alarming contradictions" as the budget tries to satisfy the interest of Modi as well as rating agency Moody's. 

Mar 11, 2016, 03:36 AM IST

Chidambaram pokes holes in Centre's fiscal deficit road map

Former Union Finance Minister P Chidambaram today said the NDA government's claims to bring fiscal deficit to 3.5 per cent was built on factors like avoidance of direct borrowing and instead asking Ministries like Railways to go for it. 

Mar 11, 2016, 02:57 AM IST

Central trade unions stage dharna before East Singhbhum district headquarter

Central Trade Unions of the country today staged dharna in front of the East Singhbhum district headquarter here demanding immediate withdrawal of amendments made in the labor laws

Mar 11, 2016, 01:03 AM IST

Start-ups get 5-fold hike in government budget for funding

A five-fold hike has been made by the government in its budget for funding start-ups in the next fiscal, a move which is in line with Prime Minister Narendra Modi's ambitious 'Start-Up India' initiative.

Mar 10, 2016, 18:05 PM IST

Bullion strike spills onto Day 9 as jewellers press demand

Jewellers across the country have been in protest mode since March 2 against the proposed levy on non-silver jewellery items announced in the Budget 2016-17 and mandatory quoting of PAN by customers for transactions of Rs 2 lakh and above.

 

Mar 10, 2016, 15:39 PM IST

Pradhan Mantri Ujwala Yojana: Cabinet approves Rs 8,000-crore LPG scheme for rural women

The Cabinet on Thursday has approved a Rs 8,000-crore scheme to provide cooking gas (LPG) connections free-of-cost to women members of poor households.

Mar 10, 2016, 11:26 AM IST

Bullion traders refuse to budge, shut shop for 8th day

Gold and jewellery establishments in many parts of the country remained closed for the 8th day Wednesday as traders continue their protest against the budgetary proposal to levy 1 percent excise duty on non-silver jewellery.

 

Mar 09, 2016, 20:36 PM IST

Big bang reforms will not be operating template for India: Morgan Stanley

The global financial services major said that the recently announced Budget for 2016-17 has proved once again that major reform initiatives will not be the operating template for the country.

Mar 09, 2016, 20:20 PM IST

Rail Budget 2016 has everything for common man, says Suresh Prabhu

Replying to the debate on rail budget in the Lok Sabha said, the Minister said "the budget has everything for common man...Common man is the centre of the budget."

Mar 09, 2016, 18:12 PM IST