Krishi Kalyan Cess to rake in Rs.5,000 crore
Chennai, Feb 29 (IANS) Union Finance Minister Arun Jaitley is hoping to mop up around Rs.5,000 crore under the new with his new Krishi Kalyan Cess at 0.5 percent on all taxable services during 2016-17….
Business
Hike in excise duty on tobacco products lauded
New Delhi, Feb 29 (IANS) As the central government on Monday announced an increase in excise duty on tobacco products by 10-15 percent in the 2016-17 general budget to discourage increasing consumption, people from various…
Goa CM appeals to mining industry to resume ore extraction
Panaji, Feb 29 (IANS) Goa Chief Minister Laxmikant Parsekar on Monday urged the influential iron ore mining companies to resume ore extraction and stop staff retrenchment after sops announced in the 2016-17 Union Budget proposals….
Delhi airport world’s best in its category for second year
New Delhi, Feb 29 (IANS) The Airports Council International (ACI) on Monday adjudged the Indira Gandhi International Airport (IGIA) here as the world’s best in the category of handling 25-40 million passengers per annum for…
Budget mixed bag for IT, start-ups: Nasscom
Bengaluru, Feb 29 (IANS) The union budget for 2016-17 was a mixed bag for the Indian IT industry and start-ups, as its proposals were less than expected with caveats, the industry’s apex body Nasscom said…
India’s core industry index shows positive growth in January
New Delhi, Feb 29 (IANS) The industrial output index for India’s eight core industries registered growth in January, pushed up by higher coal, refinery products, fertilizers, cement and electricity output, an official statement said. The…
IndiGo to receive A320 Neos from March
New Delhi, Feb 29 (IANS) Budget airline IndiGo on Monday said Airbus has confirmed to deliver 24 A320 Neo aircraft to the airline starting from March 2016 to March 2017. “The new A320 Neo powered…
Seeds for agricultural transformation sown: M.S. Swaminathan
Chennai, Feb 29 (IANS) The seeds for agricultural transformation has been sown for the dawn of a new era in farming is in sight, said agricultural scientist M.S.Swaminathan. Reacting to the union budget 2016-17 presented…
Ex-gratia announced for Jessop, Dunlop employees
Kolkata, Feb 29 (IANS) The West Bengal government, which has passed a bill to take over the ailing industrial units Dunlop and Jessop, on Monday announced a monthly ex gratia of Rs.10,000 to the employees….
Budget lacks flavour: Jayalalithaa
Chennai, Feb 29 (IANS) Tamil Nadu Chief Minister J.Jayalalithaa on Monday said some of the schemes announced by union Finance Minister Arun Jaitley have been implemented in the state and his budget for 2016-17 lacks…
Budget lacks vision, economy will contract, says Left
CPI-M general secretary Sitaram Yechury. (File Photo: IANS) New Delhi, Feb 29 (IANS) Two Left parties on Monday said the 2016-17 general budget lacks “vision” and will lead to contraction of the Indian economy. “This…
Central government may list/divest only the top general insurers: Experts
Chennai, Feb 29 (IANS) The central government may list not more than two of six general insurance companies owned by it or may divest its holding, said industry experts on Monday referring to union Finance…
More agricultural credit, farmers’ income to be doubled by 2022: Jaitley
New Delhi, Feb 29 (IANS) Union Finance Minister Arun Jaitley said on Monday that agriculture and farmers’ welfare was a pillar of the government’s agenda to transform India and it would strive to double income…
7th pay panel report burdens government expenditure: Jaitley
New Delhi: Union Minister for Finance, Corporate Affairs and Information & Broadcasting Arun Jaitley addresses a Post Budget Press Conference, in New Delhi on Feb 29, 2016. Also seen Union MoS Finance Jayant Sinha. (Photo:…
Direct benefit transfer for fertilizers proposed
New Delhi, Feb 29 (IANS) The government will introduce on a pilot basis direct transfer of subsidy on fertilisers to the farmers, Finance Minister Arun Jaitley said on Monday, presenting the Union Budget for 2016-17….
Infrastructure, housing reforms in Budget boost spirits of India Inc
New Delhi, Feb 29 (IANS) Finance Minister Arun Jaitley’s attempt to boost the rural economy, affordable housing and infrastructure got thumbs up from majority of India Inc, a few others remained apprehensive about the imposition…
Premium for gas production from difficult fields: Jaitley
New Delhi, Feb 29 (IANS) The government on Monday pronounced on the long pending issue of higher premium for gas production from deep water, ultra-deep water as well as high-temperature and high-pressure fields, saying exploration…
Vistara to reconfigure, increase seats on its fleet
New Delhi, Feb 29 (IANS) Domestic passenger carrier Vistara on Monday announced that it will reconfigure the seat arrangements on its fleet of nine aircraft starting April. According to the company, the move will help…
No big idea in budget but fiscal consolidation good: Chidambaram
New Delhi, Feb 29 (IANS) Former finance minister P. Chidambaram on Monday said there was “no big idea” in the 2016-17 general budget but commended the government on the fiscal consolidation issue. “There is no…
No drastic measures announced for NPA recovery: bank union leader
Chennai, Feb 29 (IANS) Union Finance Minister Arun Jaitley has not announced any drastic measures to recover the huge bad loans of government banks, said a top bank employees union leader on Monday. All India…