Govt halves revenue estimate from telecom to Rs 44,300 crore
Following muted response to spectrum auction, government has slashed revenue expectation from the telecom sector by 55 per cent to Rs 44,342.2 crore for 2017-18, indicating no sale of airwaves for mobile services next fiscal.
Feb 01, 2017, 18:07 PM IST
Agri credit raised to record Rs 10 lakh crore in FY18
In a major thrust to agriculture, Finance Minister Arun Jaitley on Wednesday announced a whopping Rs 1 lakh crore hike in the credit target for the next fiscal to Rs 10 lakh crore as part of the government's efforts to double farm incomes in the next five years.
Feb 01, 2017, 17:56 PM IST
Budget 2017: Here is what the common man gets
The combined effect of both these measures will mean that there would be zero tax liability for people getting income upto Rs 3 lakhs per annum and the tax liability will only be Rs 2,500 for people with income between Rs 3 to Rs 3.5 lakhs.
Feb 01, 2017, 16:25 PM IST
Fiscal deficit for 2017-18 pegged at 3.2% of GDP; to achieve 3% in 2018-19
Finance Minister Arun Jaitley today said that the total expenditure in Budget for 2017-18 has been placed at Rs. 21.47 lakh crores. With the abolition of Plan-Non Plan classification of expenditure, the focus is now on Revenue and Capital expenditure.
Feb 01, 2017, 15:16 PM IST
Aadhar based health smart cards for senior citizens, Allocation for SC, ST & Minorities enhanced
Finance Minister Arun Jaitley while presenting the General Budget 2017-18 in Parliament on Wednesday said that the Government is giving special importance to the implementation of the Schemes for the welfare of Scheduled Castes, Scheduled Tribes and Minorities.
Feb 01, 2017, 15:10 PM IST
Budget gives a major push to Digital Economy; proposes No Cash Transaction above Rs 3 lakh
In a bid to give a push to Digital Economy and weed-out corruption and black money, the Union Minister for Finance and Corporate Affairs Arun Jaitley in his Budget Speech on Wednesday said that the Government has decided that no transaction above Rs 3 lakh will be permitted in cash.
Feb 01, 2017, 14:59 PM IST
