Kotak Mahindra Bank's Shanti Ekambaram calls Union Budget as 'positive'

Feb 29, 2016, at 09:26 pm

New Delhi, Feb 29 (IBNS) Shanti Ekambaram, President – Consumer Banking, Kotak Mahindra Bank, on Monday called the Union Budget presented by Union Finance Minister Arun Jaitley as 'positive',

Zoctr Healthcare welcomes Union Budget

Feb 29, 2016, at 09:18 pm

New Delhi, Feb 29 (IBNS) Zoctr Healthcare CEO Nidhi Saxena said the Union Finance Minister Arun Jaitley's proposals to deepen access to healthcare in underserved areas is commendable in the Union Budget is 'commendable'.

Budget has provided a strong growth direction to the Indian economy: Yes Bank CEO

Feb 29, 2016, at 09:08 pm

New Delhi, Feb 29 (IBNS); Welcoming the Union Budget, Rana Kapoor, MD & CEO, YES Bank, on Monday said it will give a strong direction towards growth to the Indian economy.

Union Budget 2016: Government aims to double farmers' income by 2022

Feb 29, 2016, at 08:50 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley, while presenting the Union Budget 2016 on Monday, said the central Government intends to go beyond food security and give back a sense of income security to Indian farmers.

Union Budget 2016: Corpus of Rs 900 crores for Price Stabilisation Fund

Feb 29, 2016, at 08:46 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley, while presenting the Union Budget 2016 on Monday, said that monitoring of prices of essential commodities is a key element of good governance.

Union Budget 2016: Proposed benefits for pensioners

Feb 29, 2016, at 08:30 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley, while presenting the Union Budget 2016 on Monday, proposed several schemes for pensioners, including withdrawal up to 40% of the corpus at the time of retirement tax exempt in the case of National Pension Scheme(NPS).

Union Budget 2016: Announcement of relief for small tax payers and others

Feb 29, 2016, at 08:22 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presented the Union Budget 2016 where he said he would like to give relief to small tax payers and proposed to raise the ceiling of tax rebate under Section 87A of IT Act to Rs 5,000 from Rs 2,000 for individuals with income less than Rs 5 lakhs.

Union Budget 2016: Incentives for start-ups as they can generate employment

Feb 29, 2016, at 07:49 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley while presenting the Union Budget 2016 on Monday said that start-ups generate employment, bring innovation and are expected to be key partners in the Make in India programme.

Union Budget 2016: Building road and rail infrastructure a key focus area

Feb 29, 2016, at 07:34 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presented the Union Budget 2016 where a total outlay of Rs. 2,18,000 crore has been proposed as capital expenditure for roads and railways in 2016-17.

Union Budget 2016: Government to provide calibrated marketing freedom to incentivise Oil & Gas production

Feb 29, 2016, at 07:32 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presented the Union Budget 2016 and said that Oil & Gas discovery and exploration of Gas in difficult areas will be incentivised by giving them calibrated marketing freedom.

Union Budget 2016: Proposal for compliance window to declare undisclosed income

Feb 29, 2016, at 06:55 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 proposed a scheme to declare undisclosed income by paying 45% tax in a given compliance window.

Arun Jaitley presents "pro-poor" Union Budget focusing on farm, villages and roads

Feb 29, 2016, at 06:45 pm

New Delhi, Feb 29 (IBNS): Union Finance Minister Arun Jaitley on Monday presented the Union Budget 2016 focusing on rural development and farm and social sector while offering some relief to tax payers as analysts see it as a pro-poor budget with big ideas which is a challenge for the government to implement.

Stock markets plummet post Budget 2016 presentation

Feb 29, 2016, at 06:33 pm

Mumbai, Feb 29 (IBNS) The Indian benchmark indices, which opened in the green on Monday, have plummeted after the Budget 2016 was tabled by the Union Finance Minister Arun Jaitley.

Budget Highlights: Jaitley on banking policies

Feb 29, 2016, at 06:22 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 said the government stands firmly behind public sector banks

Budget Highlights: Jaitley raises tax rebate

Feb 29, 2016, at 06:18 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 said the ceiling for tax rebate is up by Rs 3000/-.

Budget Highlights: Introduction of National Dialysis Programme

Feb 29, 2016, at 05:43 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 introduced the National Dialysis Programme.

Budget Highlights: Jaitley focuses on rural digital literacy

Feb 29, 2016, at 05:42 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 said rural sector will be brought under digital literacy in big way.

Budget Highlights: Jaitley focuses on road infrastructure

Feb 29, 2016, at 05:27 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 said Rs 97,000 crore will be allocated for road infrastructure.

Budget Highlights: Jaitley focuses on rural development

Feb 29, 2016, at 05:03 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 highlighted on several rural development schemes.

Budget Highlights: Jaitley focuses on eight points

Feb 29, 2016, at 04:48 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 highlighted on:

Arun Jaitley presents Union Budget in Parliament

Feb 29, 2016, at 04:43 pm

New Delhi, Feb 29 (IBNS): Amid Opposition protest over the ongoing JNU row and Smriti Irani's statement in Parliament, Union Finance Minister Arun Jaitley on Monday began presenting the Union Budget 2016.

Vinod Rai appointed as Chairman of Banks Board Bureau

Feb 29, 2016, at 12:31 am

New Delhi, Feb 28 (IBNS) Former CAG of India has been appointed as the Chairman of Banks Board Bureau.

Jet Airways to launch new daily flight from Delhi to Muscat

Feb 28, 2016, at 10:12 pm

Mumbai, Feb 28 (IBNS): Jet Airways, India’s premier international airline, is set to further expand its operations between India and Oman with the launch of a new daily flight between Delhi and Muscat.

ICICI Bank organises Coin Exchange Mela at its branches in Lucknow

Feb 27, 2016, at 03:23 am

Lucknow, Feb 26 (IBNS): ICICI Bank Ltd. on Friday organised 20 coin exchange melas in Lucknow.

Yes Bank ranked in top 500 Global Banking Brands List by The Banker

Feb 27, 2016, at 01:52 am

Mumbai, Feb 26 (IBNS): Private Sector Bank Yes Bank has been ranked in the Top 500 Banking Brands globally by The Banker in association with Brand Finance.

Economic Survey: Power generation posts record increase in 2014-15

Feb 27, 2016, at 01:19 am

New Delhi, Feb 26 (IBNS) The Economic Survey, presented to the Parliament on Friday, noted that sweeping changes have been made in the power sector in the past two years with 2014-15 witnessing the highest ever increase in generation capacity of 26.5 GW compared to the average annual addition of around 19 GW over the past five years.

Indian economy needs to create safe and productive well-paying jobs: Economic Survey

Feb 27, 2016, at 01:00 am

New Delhi, Feb 26 (IBNS) The Economic Survey 2015-2016 tabled at the Parliament on Friday stressed that to meet the growing aspiration of those entering the labor force, India's economy needs to create enough "good jobs"- jobs that are safe and pay well, and encourage firms and workers to improve skills and productivity.

Economic Survey 2015-16: Proposal to widen the tax net and phase out exemptions

Feb 27, 2016, at 12:59 am

New Delhi, Feb 26 (IBNS) The Economic Survey 2015-16 tabled in the Parliament on Friday by the Union finance minister Arun Jaitley proposed widening tax net from 5.5 percent of earning individuals to more than 20 percent, reasonable taxation of the better-off individuals with income from Real Estate and Agriculture, and phasing out of the tax exemption practice.

Free Trade Agreements leading to increased imports and exports for India

Feb 27, 2016, at 12:58 am

New Delhi, Feb 26 (IBNS) Since the mid- 2000s, India’s Free Trade Agreements have doubled to about 42 as of Friday, resulting in increased trade with these FTA countries, more than would have happened otherwise, according to the Finance Ministry.

Economic Survey: SRS 2013 reveals increase in India's economically active population

Feb 27, 2016, at 12:05 am

New Delhi, Feb 26 (IBNS) The Economic Survey (2015-16) presented at the Parliament on Friday stated that the proportion of economically active population (15-59 years) in India has increased from 57.7 per cent to 63.3 per cent during 1991 to 2013, as per Sample Registration System (SRS) data for 2013.