Page 137 - Budget 2022 News

Budget 2016: Aviation stocks fall on proposed higher levy on ATF

The excise duty on Aviation Turbine Fuel (ATF) is to be hiked to 14% from 8%

Budget 2016: Swachh Bharat Abhiyan gets Rs 9,000 crore

The mission is a national campaign, covering 4,041 statutory cities and towns

Budget 2016: Marginal cut in DAE funds, Rs 3,000 cr for nuclear power

The DAE have been collected Rs 1.06 crore less than previous year

Budget proposes options and index futures in commodities

Sebi to ask exchanges to upgrade their risk management standards in line with those of stock exchanges

Budget 2016: Plan expenditure for MNRE sees a big jump to Rs 5,000 crore next fiscal

Plan expenditure for the current fiscal is Rs 246.53 crore, as against last year's budgetary estimate of Rs 287.67 crore

Budget 2016: Sebi,Irda to get service tax exemption for regulatory services

Currently, the service tax for these services is 14%

Budget 2016: Bankruptcy code coming for finance sector, IDBI Bank to privatise

A major proposal in the budget to tackle the problem of stressed assets in the banking sector concerns the ARCs

FM brings cheer to first-time homebuyers

Another major development is REITs coming closer to reality

Rupee jumps 20 paise on Budget proposals to push exports

Arun Jaitley said in his Budget speech that more support will be provided to exporters to give a boost to overseas shipments

India imposes gold sales tax on top of record import duty

Arun Jaitley announced an excise duty of 1% on gold and diamond jewellery, says new duty will cut demand

Budget 2016: Cigarette prices may go up by 7-8%

Hike, however, lower than rate of excise duty increases previous years

Budget fails to lift markets, back to global cues say experts

After swinging 850 pts, Benchmark Sensex ends 152 pts lower

Power industry fears 10-12 paise tariff per unit on clean environment cess hike

100% village electrification is positive but power supply needs to be ensured

Revenue from communication services pegged at Rs 98,995 cr, govt to levy service tax on spectrum trading deals

The government had earlier estimated revenue of Rs 42,865.62 crore in 2015-16.

Budget 2016: Arun Jaitley says compliance window is neither VDIS nor amnesty

One can clear up past transgression by paying tax at 30%, a surcharge at 7.5%, a penalty at 7.5% which is total of 45% of undisclosed income

Some pain, several positives for stock market participants

The FM has hiked STT on options and imposed a 10% tax on dividend earnings beyond Rs 10 lakh, but has left capital gains tax alone and allowed foreign firms to up stake in Indian exchanges to 15% from

Budget 2016: Tax sops only to SEZs commencing activity before Mar 31, 2020

The SEZs enjoy 100% income tax exemption on export income for the first five years

Budget 2016: Farm sector gets Rs 35,000 cr in allocation

The country's rural sector is reeling under the aftermath of two consecutive droughts, lead to widespread distress

Budget 2016: Inadequate support for PSBs, govt moves towards consolidation

FM tells media govt is committed to bringing down its stake in PSU banks to 52%, but not before strengthening of balance sheets

Budget 2016-2017: Customs cut on set top boxes to help lower customer acquisition cost

While there were no major changes announced for the media industry, customs cut is a positive for DTH and cable companies