Business
Jaitley’s budget focuses on small tax payers, rural economy
New Delhi: Union Finance Minister Arun Jaitley presents national budget 2016-17 at the Parliament House in New Delhii on Feb, 29, 2016. (Photo: IANS/ Lok Sabha TV) New Delhi, Feb 29 (IANS) Finance Minister Arun…
Budget Highlights-11
* Services provided by EPFO exempted from service tax Limited tax compliance window from June 1 – September 30 for declaring undisclosed income at 45 percent including surcharge and penalties Clean energy cess increased from…
China to fire 1.8 mn people in coal, steel sector
Beijing, Feb 29 (IANS) China is planning to lay off 1.8 million workers from the coal and steel sector owing to industrial overcapacity, Minister of Human Resource and Social Security Yin Weimin announced on Monday….
Rs.100 crore for birth centenary of Deendayal Upadhyay
New Delhi, Feb 29 (IANS) The government on Monday announced allocation of Rs.100 crore for the celebrations of the birth centenary of Pandit Deendayal Upadhyay, a leader of the Bharatiya Jana Sangh, the forerunner of…
‘Ek Bharat Shrestha Bharat’ scheme to be launched: Jaitley
New Delhi, Feb 29 (IANS) Finance Minister Arun Jaitley on Monday announced that ‘Ek Bharat Shrestha Bharat’ scheme will be launched with an aim to connect states and districts of the country. “The states and…
Investment of Rs.97,000 crore in road sector: Jaitley
New Delhi, Feb 29 (IANS) In a major push on infrastructure, Finance Minister Arun Jaitley on Monday announced allocation of Rs.97,000 crore for the roads sector in the union budget for the next fiscal. This…
Budget Highlights-10
* Relief of Rs.3,000 per year to taxpayers with income below Rs.5 Lakh per year to benefit one crore taxpayers Surcharge on income tax for incomes exceeding Rs.1 crore per annum raised from 12 percent…
Union Budget announcements depress equity markets
Mumbai, Feb 29 (IANS) Union Budget announcements, combined with negative Asian cues, and a dip in the rupee value depressed the Indian equity markets during the afternoon trade session on Monday. Consequently, the barometer 30-scrip…
HC upholds TRAI’s call drop compensation order
New Delhi, Feb 29 (IANS) Delhi High Court on Monday upheld the order of the Telecom Regulatory Authority of India (TRAI) making it mandatory for cellular operators to compensate subscribers for call drops. A division…
Budget Highlights-9
* For income below Rs.5 lakh per annum, tax ceiling has been raised from Rs.2,000 to Rs.5,000 Relief to those in rented houses: Deduction raised from Rs.24,000 to Rs.60,000 under Section 88G Corporate income tax:…
Police deployed to demolish Jakarta’s red light district
Jakarta, Feb 29 (IANS) The Indonesian government on Monday deployed 5,000 police personnel to demolish hundreds of buildings in north Jakarta’s red light district of Kalijodo after residents were evicted from the area last week….
Trial operations at Kerala’s 4th international airport successful
Kannur (Kerala) Feb 29 (IANS) The first trial operations at Kerala’s fourth international airport Kannur on Monday were successful when an IAF aircraft landed at the airport that will open for commercial operations in September….
Health Insurance up to Rs.1 lakh per family: Jaitley
New Delhi, Feb 29 (IANS) Finance Minister Arun Jaitley on Monday announced that the government will provide health insurance of up to Rs.1 lakh per family. “The government will provide health insurance of up to…
Higher education financing agency to be set-up: Jaitley
New Delhi, Feb 29 (IANS) Finance Minister Arun Jaitley on Monday announced the setting up of a higher education financing agency, with a fund of Rs.1,000 crore. Presenting the 2016-2017 Budget in the Lok Sabha,…
100 percent foreign equity in retail of domestic food products: Jaitley
New Delhi, Feb 29 (IANS) In a major reforms push, Finance Minister Arun Jaitley on Monday said 100 percent foreign equity will be allowed in the retail of domestically-processed food to give a push to…
Budget Highlights-7
* Financial Data Management Centre for integrated data collection and analysis RBI Act being amended to provide statutory basis for monetary policy framework 100 percent FDI to be allowed through FIPB route in food products…
Budget Highlights-8
* New policy for managing assets of public enterprises Comprehensive approach to be adopted for government investment in central public sector enterprises Three initiatives for better delivery of public services Increased allocation of Rs.1,80,000 crore…
Budget Highlights-6
* Government to provide health insurance of up to Rs.1 lakh per family; 300 generic drug stores to be opened under PM Jan Aushadhi Yojana Roads and highways allocated Rs.55,000 crore, 50,000 km of state…
90 percent domestic honey being exported: Jaitley
New Delhi, Feb 29 (IANS) Finance Minister Arun Jaitley on Monday said the country’s domestic honey production has risen from 76,150 tonnes in 2014-2015 to 86,500 tonnes in 2015-2016 and 90 percent of it is…