Finance Minister announces measures for promoting affordable housing and real estate sector
Feb 01, 2017, at 11:25 pm
New Delhi, Feb 1 (IBNS): Making the Scheme for profit-linked income tax exemption for promoters of affordable housing scheme announced last year more attractive, Union Finance Minister Arun Jaitley proposed a number of changes while presenting the General Budget 2016-17 in Lok Sabha on Wednesday.
Budget: Allocation for welfare of women and children increased
Feb 01, 2017, at 11:11 pm
New Delhi, Feb 1 (IBNS): For the welfare of Women and Children under various schemes across all Ministries the Union Minister for Finance and Corporate Affairs, Arun Jaitley in his budget speech on Wednesday said that the allocation has been increased from Rs 1,56,528 crores in BE 2016-17 to Rs 1,84,632 crores in 2017-18.
Etihad Aviation Group, Lufthansa Group extend cooperation
Feb 01, 2017, at 10:57 pm
Abu Dhabi, Feb 1 (IBNS): Etihad Aviation Group and Lufthansa German Airlines, part of Europe’s largest aviation group, today unveiled details of a new commercial partnership.
Feb 01, 2017, at 10:49 pm
GST Council has finalised its recommendations on almost all the issues based on consensus, says FM in his Budget Speech
Mahindra Tractors sells 14,776 units in India during January 2017
Feb 01, 2017, at 10:28 pm
Mumbai, Feb 1 (IBNS): Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 17.8 billion Mahindra Group,on Wednesday announced its tractor sales numbers for January 2017.
Indian market ended higher on Wednesday, Union Budget 2017 futuristic says PM Modi
Feb 01, 2017, at 10:27 pm
Mumbai, Feb 1 (IBNS): The Indian market ended higher on Wednesday following the presentation of the Union Budget 2017 by Finance Minister Arun Jaitley.
“SWAYAM†Platform will be launched to leverage Information Technology
Feb 01, 2017, at 10:26 pm
New Delhi, Feb 1 (IBNS): Union Minister for Finance and Corporate Affairs Arun Jaitley while presenting the General Budget 2017-18 in Parliament on Wednesday said that the Government proposes to leverage information technology and launch SWAYAM Platform with at least 350 online courses.
Thomas Cook looking forward to Centre's plan to launch Incredible India 2.0
Feb 01, 2017, at 10:25 pm
Mumbai, Feb 1 (IBNS): Tour operator Thomas Cook has said the Union Budget presented by the Centre on Wednesday has very little to offer to the tourism industry.
Budget: Reforms will be undertaken in UGC
Feb 01, 2017, at 10:13 pm
New Delhi, Feb 1 (IBNS): Union Minister for Finance and Corporate Affairs Arun Jaitley while presenting the General Budget 2017-18 in Parliament today said that in higher education, the Government will undertake reforms in the UGC.
Budget:Innovative fund for secondary education to encourage local innovation
Feb 01, 2017, at 10:08 pm
New Delhi, Feb 1 (IBNS): Union Minister for Finance and Corporate Affairs, Arun Jaitley while presenting the General Budget 2017-18 in Parliament today proposed to create innovative fund for secondary education for ensuring universal access, gender parity and quality improvement.
Budget 2017: Railways to focus on passenger safety, cleanliness and other reforms
Feb 01, 2017, at 10:07 pm
New Delhi, Feb 1 (IBNS): Finance Minister Arun Jaitley, while presenting the Union Budget 2017 on Wednesday, which included the Railway Budget for the first time, has proposed among other things, to introduce a 'coach mitra' facility that will be a single window interface to register all coach-related complaints and requirements.
Budget: System of measuring Annual Learning Outcome will be introduced
Feb 01, 2017, at 10:06 pm
New Delhi, Feb 1 (IBNS): Union Minister for Finance and Corporate Affairs, Arun Jaitley while presenting the General Budget 2017-18 in Parliament today proposed to introduce a system of measuring annual learning outcome in our schools.
Feb 01, 2017, at 09:39 pm
New Delhi, Feb 1 (IBNS): Union Minister for Finance and Corporate Affairs Arun Jaitley while presenting the General Budget 2017-18 in Parliament on Wednesday said that the Government is keen on fostering a conducive labour environment wherein labour rights are protected and harmonious labour relations lead to higher productivity.
Feb 01, 2017, at 09:31 pm
New Delhi, Feb 1 (IBNS): Union Minister for Finance and Corporate Affairs Arun Jaitley while presenting the General Budget 2017-18 in Parliament on Wednesday said that the Government has prepared an action plan to eliminate Kala-Azar and Filariasis by 2017, Leprosy by 2018 and Measles by 2020.
Budget: Next phase of strive to be launched at a cost of Rs. 2200 crore
Feb 01, 2017, at 09:28 pm
New Delhi, Feb 1 (IBNS): Union Minister for Finance and Corporate Affairs Arun Jaitley while presenting the General Budget 2017-18 in Parliament on Wednesday said that the Government proposes to launch the next phase of Skill Strengthening for Industrial Value Enhancement (STRIVE) in the next financial year 2017-18.at a cost of Rs.2200 crore.
Union Budget clueless : Mamata Banerjee
Feb 01, 2017, at 09:26 pm
Kolkata, Feb 1 (IBNS) : Slamming the Union Budget, presented in Parliament on Wednesday, West Bengal Chief Minister and Trinamool Congress supremo Mamata Banerjee said it is "clueless, useless and baseless".
Budget: Pradhan Mantri Kaushal Kendras to be extended to all over the country
Feb 01, 2017, at 09:23 pm
New Delhi, Feb 1 (IBNS): Union Minister for Finance and Corporate Affairs Arun Jaitley while presenting the General Budget 2017-18 in Parliament today said that the Government proposes to extend the number of Pradhan Mantri Kaushal Kendras from current 60 to cover more than 600 districts across the country.
Budget: Govt proposes to establish National Testing Agency
Feb 01, 2017, at 09:21 pm
New Delhi, Feb 1 (IBNS): Union Minister for Finance and Corporate Affairs, Arun Jaitley while presenting the General Budget 2017-18 in Parliament today said that the Government proposes to establish a National Testing Agency as an autonomous and self-sustained premier testing organization to conduct all entrance examinations for higher education institutions.
Feb 01, 2017, at 09:20 pm
New Delhi, Feb 1 (IBNS): Union Finance Minister Jaitley said that the pace of construction of Pradhan Mantri Gram Sadak Yojana, (PMGSY) roads has accelerated to reach 133 km roads per day in 2016-17, as against an average of 73 km during the period 2011-2014.
Feb 01, 2017, at 09:19 pm
New Delhi, Feb 1 (IBNS): The government on Wednesday said with a better monsoon, agriculture is expected to grow at 4.1% in the current year i.e.2016-17 as the total area sown under kharif and rabi seasons are higher than the previous year.
Budget 2017: Income tax for MSMEs with annual turnover upto Rs. 50 Crore is reduced to 25 per cent
Feb 01, 2017, at 09:03 pm
New Delhi, Feb 1 (IBNS): Presenting the General Budget 2017-18 in Parliament on Wednesday, Union Finance Minister Arun Jaitley said that the income tax for smaller companies with annual turnover upto Rs. 50 crore is reduced to 25% in order to make MSME companies more viable and also to encourage firms to migrate to company format.
Nissan India registers 63% growth in January 2017
Feb 01, 2017, at 08:59 pm
New Delhi, Jan 1 (IBNS):Nissan Motor India Pvt. Ltd. reported 4,346 units domestic sales in January 2017 against 2,668 units sold the same month a year ago.
Budget 2017: Anti-graft and rationalisation measures announced in the field of income tax
Feb 01, 2017, at 08:30 pm
New Delhi, Feb 1 (IBNS): The present burden of taxation is mainly on honest tax payers and salaried employees who are showing their income correctly, said Union Minister for Finance and Corporate Affairs Arun Jaitley while presenting the General Budget 2017-18 in Parliament on Wednesday.
Budget 2017: No cash transaction above Rs three lakhs proposed
Feb 01, 2017, at 08:15 pm
New Delhi, Feb 1 (IBNS): Union Minister Arun Jaitley in his Budget 2017 speech on Wednesday said that the Government has decided that no transaction above rupees three lakh will be permitted in cash.
Budget 2017: Demonetisation will lead to bigger, cleaner and real GDP, says Finance Minister Jaitley
Feb 01, 2017, at 07:59 pm
New Delhi, Feb 1 (IBNS): Union Minister of Finance and Corporate Affairs Arun Jaitley, during his Budget 2017 speech, said that the Goods and Services Tax (GST) will spur growth, competitiveness, and greater transparency in economy.
Budget 2017: Five new special tourism zones proposed
Feb 01, 2017, at 07:16 pm
New Delhi, Feb 1 (IBNS): Finance Minister Arun Jaitley while presenting the Budget 2017 on Wednesday said that five special tourism zones will be created over the next financial year, according to media reports.
Introduction of a new CLSS for middle income group
Feb 01, 2017, at 06:26 pm
New Delhi, Feb 1 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi, on Wednesday, gave ex-post facto approval to the proposals for extension of tenure of loans under the Credit Linked Subsidy Scheme (CLSS) of PradhanMantriAwasYojana (PMAY) from 15 to 20 years.
Budget 2017: New law to freeze assets of offenders who flee, bad news for Mallya
Feb 01, 2017, at 06:12 pm
New Delhi, Feb 1 (IBNS): Union Finance Minister Arun Jaitley, while presenting the Budget 2017 on Wednesday, said that the government proposes to freeze the assets of offenders who flee the country, according to media reports.
Jaitley begins Budget 2017 Speech, says demonetisation will improve GDP
Feb 01, 2017, at 05:04 pm
New Delhi, Feb 1 (IBNS): Indian Finance Minister Arun Jaitley began presenting the Union Budget 2017 at 11 am on Wednesday batting for the demonetisation policy of PM Modi after initial confusion on whether the budget would be postponed owing to the death of a lawmaker.
Jaitley to present union budget, no postponement owing to MP demise
Feb 01, 2017, at 04:56 pm
New Delhi, Feb 1 (IBNS): Indian Finance Minister Arun Jaitley would present the Union Budget 2017 at 11 am on Wednesday after initial confusion on whether it would be postponed owing to the death of a lawmaker.