December 02, 2022 11:55 (IST)
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Business like budget; high on reforms, rural demand & infra: ASSOCHAM

New Delhi, Feb 1 (IBNS): Apex industry body ASSOCHAM today congratulated Prime Minister Narendra Modi and Union Finance Minister Arun Jaitley for giving a truly workman and business-like Budget, with a great focus on rural economy, small and medium enterprises, small income tax payers and importantly bringing reforms in political funding.

Budget: Allocation for welfare of SC, ST and Minorities to be enhanced

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 giving special importance to implementation of the Schemes for welfare of Scheduled Castes, Scheduled Tribes and Minorities.

Budget: Mahila Shakti Kendra will be set-up at village level

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 Mahila Shakti Kendra will be set-up at village level with an allocation of Rs. 500 crores in 14 lakh ICDS Anganwadi Centres.

Move of Railways to implement integrated transport solution with logistics players is a big leap, says FarEye

New Delhi, Feb 1 (IBNS): Kushal Nahata, CEO and Co-founder FarEye, Logistics Technology Solutions provider said the Railways’ plan to implement integrated transport solution said the move of Railways to implement integrated transport solution with logistics players is a big leap in providing visibility to large consumers of agricultural products.

Finance Minister reduces the tax rate from 10 to 5 per cent for individual income between Rs 2.5 to Rs 5 lakh

New Delhi, Feb 1 (IBNS): Union Finance Minister Arun Jaitley reduced the rate of taxation from existing 10 per cent to 5 per cent for individual assesses between income of Rs 2.5 lakhs to Rs 5 lakhs.

Finance Minister announces measures for promoting affordable housing and real estate sector

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

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.

“SWAYAM” Platform will be launched to leverage Information Technology

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

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

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: Legislative reforms to be undertaken to Simplify, Rationalize and Amalgamate the existing Labour Laws

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.

Budget: Pradhan Mantri Kaushal Kendras to be extended to all over the country

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.

Agriculture to grow more than 4 percent as Government announces a slew of pro-farmer measures in General Budget 2017-18

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: New law to freeze assets of offenders who flee, bad news for Mallya

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.

Indian IT stocks pull down market on Tuesday

Mumbai, Jan 31 (IBNS): The Indian market plummeted on Tuesday largely due to the decline in share prices of leading Indian IT companies, according to media reports.