budget news

Govt removes all taxes on PoS machines to push e-payments

In a move to push digital payments, the government on Wednesday removed all duties on devices used in the process of cashless transactions like point of sales machines, finger print readers etc.

Feb 01, 2017, 13:58 PM IST

Budget 2017 will accelerate development, tax reforms a 'bold move', says PM Modi

The Budget announced by Finance Minister Arun Jaitley has taken forward the work undertaken by the government in the last two and a half years and will further accelerate development and generate employment for youth, PM Narendra Modi said on Wednesday.

Feb 01, 2017, 13:55 PM IST

Union Budget 2017: From 'path-breaking', 'uttam' to 'vision less' – here are some quick reactions

While PM Narendra Modi hailed the Union Budget as 'pro-poor and historic', Congress vice-president Rahul Gandhi called it 'vision less' and a 'damp squib'. Here are some quick reactions. 

Feb 01, 2017, 13:53 PM IST

Cash transactions above Rs 3 lakh banned from April 1: Arun Jaitley

Continuing with government steps to clamp down on black money, Finance Minister Arun Jaitley on Wednesday proposed to ban all cash transactions above Rs 3 lakh beginning April 1, 2017.

Feb 01, 2017, 13:33 PM IST

No tax on individual income up to Rs 3 lakh, 2.5 lakh to 5 lakh slab to be charged at 5%

Finance Minister gave reprieve on income tax for those earning up to Rs 5 lakh.

Feb 01, 2017, 13:25 PM IST

Rail tickets to be cheaper, no service charge on e-tickets from April 1

Giving railway commuters a reason to smile and enjoy their journey, Union Finance Minister Arun Jaitley on Wednesday announced that no service charge will be levied on tickets booked through the IRCTC website.

Feb 01, 2017, 13:10 PM IST

Complete rural electrification by 2019, hike in MNREGA fund: Arun Jaitley

From poverty free Panchayats to 100 per cent electrification of villages by May 2019 and majorly hiking the MNREGA fund, Union Finance Minister Arun Jaitley on Wednesday focused on rural India.
 

Feb 01, 2017, 12:55 PM IST

Govt to infuse Rs 10,000 crore in PSU banks in FY18

The government will infuse Rs 10,000 crore in public sector banks in the next fiscal and more will be provided if required, Finance Minister Arun Jaitley said on Wednesday.

Feb 01, 2017, 12:46 PM IST

Cash back scheme to popularise BHIM app: Arun Jaitley

In his budget announcement, Finance Minister Arun Jaitley said the government will launch referral bonus scheme, cash back scheme to popularise BHIM app.

Feb 01, 2017, 12:26 PM IST

Senior citizens to have Aadhaar-based health card

Finance Minister Arun Jaitley announced that senior citizens will have Aadhaar-based health card.

Feb 01, 2017, 12:04 PM IST

Drop in economic activity due to demonetisation is transient: Arun Jaitley

Finance Minister Arun Jaitley on Wednesday said that the drop in economic activity due to demonetisation was only transient and its effect would not spill over to the next financial year.

 

Feb 01, 2017, 11:56 AM IST

Railways' autonomy to be maintained: Arun Jaitley

Finance Minister Arun Jaitley on Wednesday said Indian Railways` autonomy would be maintained even after its budget was merged with the Union Budget 2017-18.

Feb 01, 2017, 11:45 AM IST

Budget 2017: Here are the key highlights

Highlights of the Union budget for 2017-18 presented by Finance Minister Arun Jaitley in parliament on Wednesday:
 

Feb 01, 2017, 11:28 AM IST

FM Arun Jaitley begins presenting his fourth national budget

Union Finance Minister Arun Jaitley began presenting India`s national budget in the Lok Sabha on Wednesday amid hopes that the proposals will help revive a slowing economy, hit further by demonetisation of high value currency. This is his fourth budget as Finance Minister.

Feb 01, 2017, 11:23 AM IST

Union Budget 2017: Want to ask question to FM Jaitley directly? Do it on twitter

After the presentation of Union Budget 2017 in the Lok Sabha, Finance Minister Arun Jaitley will reply to questions by Twitterati.

Feb 01, 2017, 09:55 AM IST

Budget 2017: Privatise 100 PSUs, develop 50 stations via PPP model by end of 2017: CII

In the wish-list to Finance Minister Arun Jaitley before budget, CII has asked for Privatisation of 100 PSUs, including sale of Air India and Ashoka Hotel, and developing 50 train stations with private participation by 2017-end.

Jan 30, 2017, 19:59 PM IST

What should people expect from budget?

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Jan 30, 2017, 15:29 PM IST

What does business sector expect on tax slabs related to GST?

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Jan 30, 2017, 15:25 PM IST