Defence budget hiked by nearly 10% to Rs 2.58 lakh crore
The defence budget was today increased by 9.76 percent to Rs 2.58 lakh crore for the next fiscal as compared to the revised estimates of Rs 2.33 lakh crore for 2015-16 even as military pension zoomed to Rs 82,000 crore mainly due to the One Rank One Pension scheme.
Feb 29, 2016, 18:38 PM IST
Budget 2016: Tax incentives welcome, but more measures needed, say startups
The startup community reacted positively to the tax incentives announced in the Budget, but feels the government has not done enough to address their near-term concerns.
Feb 29, 2016, 18:32 PM IST
Prime Minister Narendra Modi reacts to Budget 2016
The Prime minister of India says that the budget has well been able to deliver the necessary steps to usher the economy of the country as well as to boost the development of country in rural India
Feb 29, 2016, 18:30 PM IST
Impact of Budget 2016 on Auto sector
Impact of Budget 2016 on Auto sector
Feb 29, 2016, 18:24 PM IST
Govt raises HRA deduction limit to Rs 60,000 for rent payers
In a relief to individual tax payers, Finance Minister Arun Jaitley today increased the tax deduction limit to Rs 60,000 per annum from the current Rs 24,000 on the housing rent.
Feb 29, 2016, 18:14 PM IST
We turned challenges into opportunities: Finance Minister
Finance Minister Arun Jaitley Monday said the BJP-led NDA government converted low economic growth and zero investor confidence which it inherited into opportunities as India's GDP has now zoomed to 7.6 percent.
Feb 29, 2016, 18:12 PM IST
For every rupee in govt kitty, 21 paise to come from borrowing
For every rupee in the government coffer, 21 paise will come from market borrowing in 2016-17, while 19 paise would be spent towards interest payment.
Feb 29, 2016, 18:03 PM IST
Govt has passed the Budget "exams": Swraj Paul
Praising the Indian Budget, NRI industrialist Lord Swraj Paul on Monday said that it had got its priorities right by focussing on the rural sector and those less well-off.
Feb 29, 2016, 18:02 PM IST
Budget 2016: Arun Jaitley withdraws tax exemptions from host of services
Finance Minister Arun Jaitley Monday announced withdrawal of tax exemptions from a host of services including those provided by lawyers to other advocates, including on arbitral tribunals, even as he exempted financial regulators and others from service tax.
Feb 29, 2016, 18:01 PM IST
FM extends capital gain tax to merger of different plans in MF
Currently, capital gains tax is levied on consolidation or merger of multiple plans within a mutual fund (MF) scheme.
Feb 29, 2016, 18:01 PM IST
Over Rs 7,290 cr allocated for AMRUT, 'Smart Cities' in budget
The government on Monday allocated about Rs 7,296 crore for two central schemes -- Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and 'Smart Cities' Mission.
Feb 29, 2016, 17:59 PM IST
Govt to amend RBI Act to set up Monetary Policy Committee
The government Monday proposed to amend the RBI Act for setting up of a Monetary Policy Committee (MPC) which will fix the benchmark interest rate of the central bank and set inflation targets.
Feb 29, 2016, 17:42 PM IST
Govt to prioritise expenses; Pay Commission, OROP additional burden
Government will prioritise its expenditure as the outgo due to the 7th Central Pay Commission award and implementation of One Rank One Pension (OROP) for defence forces will lead to additional burden on the exchequer, Finance Minister Arun Jaitley said Monday.
Feb 29, 2016, 17:40 PM IST
Union Budget 2016: INCOME TAX-TABLE
Following is the table of the impact of changes in income tax provisions proposed by Finance Minister Arun Jaitley in the Budget for 2016-17.
Feb 29, 2016, 17:36 PM IST
Black money compliance window is neither VDIS nor amnesty: Arun Jaitley
The four-month compliance window for domestic black money holders is not an amnesty scheme, Finance Minister Arun Jaitley said Monday.
Feb 29, 2016, 17:21 PM IST
Budget 2016: Final burden of pay hike of central govt employees yet to be assesed, says FM Jaitley
Zee Media Bureau
Feb 29, 2016, 17:20 PM IST
Budget 2016: Air travel to become expensive
Fliers will have to shell out more with the government proposing a hike of 6 percent in excise duty on jet fuel but it would not be applicable to the proposed Scheduled Commuter Airlines (SCAs) under the regional connectivity scheme.
Feb 29, 2016, 17:09 PM IST
Budget 2016: Air India to receive Rs 1,713 crore
National carrier Air India, which is expected to slash its net losses by around 40 percent this fiscal, will receive Rs 1,713 crore government funding for the next fiscal.
Feb 29, 2016, 17:07 PM IST
Union Budget 2016 at a glance
Here are the highlights of the Union Budget for 2016-17 (Apr-Mar), presented by Finance Minister Arun Jaitley in the Lok Sabha.
Feb 29, 2016, 16:59 PM IST
PF shocker! 60% of EPF and superannuation corpus to be taxed
Budget 2016, announced by Finance Minister Arun Jaitley on Monday proposes to tax part of Employee Provident Fund (EPF) withdrawals from April 1, 2016.
Feb 29, 2016, 16:56 PM IST
