Govt sets FY17 disinvestment target at Rs 56,500 crore
The government aims to collect Rs 56,500 crore through disinvestment in PSUs in the next fiscal, as per the Budget for 2016-17.
Feb 29, 2016, 16:53 PM IST
Here's why Arun Jaitley mentioned Rahul Gandhi in his Budget speech
Finance Minister Arun Jaitley presented his third Budget on Monday.
Feb 29, 2016, 16:48 PM IST
Union Budget 2016 HIGHLIGHTS: Home buyers to get Rs 50,000 more deduction on interest; no change in income tax slabs
First time home buyers will get a deduction of an additional interest of Rs 50,000 per annum for loan upto Rs 35 lakh, during 2016-17, provided the house value does not exceed Rs 50 lakh.
Feb 29, 2016, 16:46 PM IST
Tax proposals a mixed bag, more could have been done: Experts
Experts have termed tax proposals in the Budget as a mixed bag without major surprises as most key measures were on expected lines.
Feb 29, 2016, 16:34 PM IST
DDT exemption will pave way for REITs launch: Experts
Finance Minister Arun Jaitley's proposed removal of dividend distribution tax has received a thumbs-up from the real estate sector which has been looking for a clarity to launch Real Estate Investment Trusts (REITs) for raising funds.
Feb 29, 2016, 16:31 PM IST
Budget 2016: India Inc cheers rural thrust, dissatisfied on corporate tax front
The thrust given to rural and infrastructure sectors will have a multiplier effect on the economy but the Budget has not met expectations on the corporate taxation front, India Inc said Monday.
Feb 29, 2016, 16:29 PM IST
First home buyers get Rs 50,000 more deduction on interest
Aiming to boost demand in realty sector, the government on Monday proposed an additional Rs 50,000 deduction on interest on loans for first home buyers and tax incentives on development of affordable housing, besides exempting REITs from dividend distribution tax.
Feb 29, 2016, 16:28 PM IST
Jaitley accepts Rahul Gandhi's suggestion of tax exemption for Braille paper
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Feb 29, 2016, 16:26 PM IST
No capital gains tax on redemption of gold bonds
In a bid to popularise the ambitious Sovereign Gold Bond scheme, Finance Minister Arun Jaitley on Monday proposed exempting such bonds from capital gains tax on redemption.
Feb 29, 2016, 16:24 PM IST
Centre to provide Rs 1 lakh per family health cover
The Centre will launch a new health protection scheme under which a cover up to Rs one lakh per family will be provided bedsides opening around 3,000 medical stores across the country to provide quality medicines at affordable prices.
Feb 29, 2016, 16:21 PM IST
Govt to hike FDI limit in stock exchanges to 15%
The government on Monday said foreign entities would be allowed to own up to 15 percent stake in domestic stock exchanges, a move that would help boost their global competitiveness.
Feb 29, 2016, 16:17 PM IST
Budget disappoints on fiscal side, rules out rating revision: S&P
Rating agency Standard & Poor's while welcoming the Budget in general has said the proposals on the fiscal side shows only limited progress and has ruled out any changes in its rating outlook on the country in next 2 years.
Feb 29, 2016, 16:01 PM IST
Budget 2016: 4-month window for domestic black money holders to come clean
Government Monday came out with one time four-month compliance window for domestic black money holders to come clean by paying tax and penalty of 45 percent.
Feb 29, 2016, 16:00 PM IST
Union Budget 2016: 11 major tax-related announcements
Know about the key 11 tax-related announcements proposed by Finance Minister Arun Jaitley in Budget 2016-17.
Feb 29, 2016, 16:00 PM IST
Budget 2016: 'It's about the dreams of people' - PM Narendra Modi's reaction; what all he said
Congratulating Union Finance Minister Arun Jaitley and his team for Union Budget 2016-17, Prime Minister Narendra Modi on Monday said that this budget is about the dreams of the people.
Feb 29, 2016, 15:57 PM IST
Budget will accomplish dream of housing for all: PM Modi
Prime Minister Narendra Modi on Monday hailed his Finance Minister Arun Jaitley for the poor-friendly general budget that will also fulfil their dream of owning a house.
Feb 29, 2016, 15:57 PM IST
Budget is pro-village, pro-poor, pro-farmers: Modi
Prime Minister Narendra Modi on Monday said the Budget is pro-village, poor and farmers with focus on bringing about qualitative change in the country and alleviate poverty through a slew of time-bound programmes.
Feb 29, 2016, 15:45 PM IST
Budget 2016 impact: Sensex closes 150 points down, Nifty below 7,000-level
After making an intra-day movement of over 800 points, the benchmark BSE Sensex felt by over 150 points to close at 23002.00 points.
Feb 29, 2016, 15:42 PM IST
Infra outlay at Rs 2.21 lakh crore, proactive steps to boost growth
Allocating a major share to infrastructure that includes Rs 2.21 lakh crore outlay, Finance Minister Arun Jaitley today said enhanced allocations coupled with reforms and steps will remove obstacles impeding the sector's growth.
Feb 29, 2016, 15:09 PM IST
Govt proposes FDI relaxation in insurance, food processing
Finance Minister Arun Jaitley Monday proposed to significantly relax the FDI policy in several sectors, including insurance and pension and asset reconstruction companies, to attract more overseas investments.
Feb 29, 2016, 14:55 PM IST
