Budget 2016-17

Just 3 free ATM withdrawals a month may be a biting reality soon

With government's focus on making India a cashless economy, government is likely to introduce a couple of measures in the budget 2017-18, and one of them is expected to be reduction in free ATM withdrawals slashing the limit to just 3 withdrawals unlike 5 allowed currently.

Jan 16, 2017, 12:17 PM IST

Finance Ministry revises criteria for recapitalisation of PSU banks

 State-owned banks looking forward to the next round of capital infusion will need to fulfill a new set of criteria, including credit recovery, as the Finance Ministry has revised the recapitalisation norms.

Sep 11, 2016, 11:33 AM IST

Tax collection in 2015-16 exceeds target by Rs 5,000 cr

Helped by buoyancy in indirect taxes, the government managed to surpass the total tax collection target for 2015-16 by Rs 5,000 crore at Rs 14.60 lakh crore.

Apr 06, 2016, 21:00 PM IST

Budget 2016: Will it meet people's aspirations?

Amit Dasgupta/IANS

Mar 14, 2016, 09:29 AM IST

Black money to attract double payout after 4-month window

The window, announced by Finance Minister Arun Jaitley in his Budget 2016-17, will begin on June 1 and provides an opportunity to avoid prosecution with payment of 30 percent tax and 15 percent penalty.

 

Mar 03, 2016, 17:30 PM IST

Budget credit negative for PSBs: Moody's

Moody's Investors Service on Thursday said the Budget for 2016-17 is "credit negative" for PSU banks as the capital infusion road map falls short of the required Rs 1.45 lakh crore.

Mar 03, 2016, 11:02 AM IST

Jaitley's tax proposals aimed at growth, job creation: Adhia

New cesses and duty hikes may have made cars and garments costlier but Finance Minister Arun Jaitley's focus in the Budget 2016-17 was job creation and making taxation simpler, not resource mobilisation, a top official said Tuesday.

Mar 01, 2016, 20:21 PM IST

LK Advani commends budget, terms it ''one of the best so far''

Advani also said that the budget has made unprecedented provision for accelerating and modernising India`s infrastructure in critical areas such as highways, railways and rural roads.

Feb 29, 2016, 19:56 PM IST

Budget 2016: No change in Income Tax slabs; rent deduction limit raised to Rs 60k

Budget 2016: No change in Income Tax slabs; rent deduction limit raised to Rs 60k

Feb 29, 2016, 19:44 PM IST

Budget 2016: Corporate tax rate for small firms cut to 29%

Budget 2016: Corporate tax rate for small firms cut to 29%

Feb 29, 2016, 19:34 PM IST

Watch: Public react to Arun Jaitley's Budget 2016

Watch: Public react to Arun Jaitley's Budget 2016​

Feb 29, 2016, 19:17 PM IST

Budget 2016: Here's why Sunny Leone's 'smoking hot message' video has gone viral - Watch

Watch the sizzling hot video featuring Sunny Leone and quit smoking! 

Feb 29, 2016, 18:23 PM IST

''Impossible'' to double farmers'' income in 5 years: Manmohan Singh

The government`s announcement that farmers` income would be doubled in the next five years is an "impossible idea", former prime minister and noted economist Manmohan Singh said on Monday.

Feb 29, 2016, 17:53 PM IST

PM Narendra Modi has passed budget test with flying colours: Rajnath

Terming the Union Budget 2016-17 as "excellent", Home Minister Rajnath Singh on Monday said it outlines the priorities of the NDA government and the vision of Prime Minister Narendra Modi who passed the budget test with "flying colours".

Feb 29, 2016, 17:34 PM IST

No big idea in Budget 2016-17; it's just house keeping and accounting, says Chidambaram

Chidambaram said that he was happy the government has achieved the fiscal deficit target, but otherwise the Budget is just house keeping and accounting.

Feb 29, 2016, 17:05 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

Going the green way: No hard copies of Budget 2016!

The government decided not to distribute hard copies of the budget to Media houses as part of its bid to go green and save trees.

Feb 29, 2016, 14:50 PM IST

Have your say: Will FM Arun Jaitley's Budget bring cheers for common man?

Facing challenges from both domestic and global fronts, Finance Minister Arun Jaitley on Monday presented Budget for financial year 2016-17.

Feb 29, 2016, 14:16 PM IST

Budget 2016: Rs 9,000 crore allocated for Swachh Bharat Abhiyan

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Feb 29, 2016, 13:57 PM IST

Budget 2016: 100% village electrification by 2018, says Jaitley

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Feb 29, 2016, 13:54 PM IST