Page 139 - Budget 2022 News

Budget 2016: Jaitley seizes last chance, but hemmed in by fiscal deficit target

As a result of having to stick to a fiscal deficit target of 3.5%, Jaitley has been frugal with additional spending

Budget to kickstart REITs in the country, to boost budget housing

Expert feel removal of DDT on distribution made out of income of SPV will set the stage for REITs to be set up

Budget 2016: Arun Jaitley moots new commodity products, deeper corporate bond markets

A framework for an electronic platform for repo market in corporate bonds will be developed by RBI

FM announces Rs 2,000 cr in Budget 2016 to give LPG connection to women member of poor households

Scheme to benefit 1.5 crore households below poverty line

Budget 2016: Govt-Oppn bonhomie in Rajya Sabha as Jaitley tables Budget

BJP members were also seen congratulating Jaitley on the Budget

Budget 2016: Jaitley allots Rs.25,000 crore for state-run banks' recapitalisation

As per estimates, PSBs would need additional capital of up to Rs 240,000 crore by 2018 to avoid 2008 US recession like situation

Budget 2016: Cigarette stocks crash by 8% as excise duty raised

ITC was the top loser among the 30-Sensex stocks

Govt waives penalty, interest on pending tax disputes in Budget 2016

Jaitley came out with a 'Direct Tax Dispute Resolution Scheme' to resolve cases pending in any Court, Tribunal, Arbitration or mediation under Bilateral Investment Protection Agreement

Budget 2016: Govt raises HRA deduction limit to Rs 60,000 for rent payers

Arun Jaitley also proposed to raise the ceiling of tax rebate under 87A from Rs 2,000 to Rs 5,000

Budget allocates Rs 7,388.19 cr to space programme

To build rockets and satellites to meet growing demand for space services from private television networks and govt

Service tax on single premium annuity plans reduced in Budget 2016

This move is a positive for policyholders because single premium annuity products are usually high-ticket policies

Govt moots lower corporate tax at 25% for new manufacturing units

The move will help incentivise setting up of new manufacturing units and generate employment

Budget 2016 announcements depress equity markets

Negative Asian cues and a dip in the rupee value at Rs 68.72 include other factors leading to the plunge

Infrastructure outlay at Rs 2.21 lakh crore, proactive steps to boost growth

Arun Jaitley said an allocation of Rs 55,000 crore has been made for highways sector

Budget 2016: Investment of Rs.97,000 crore in road sector

aitley said around 70,000 road projects had got stalled, locking investment of up to Rs 1 lakh crore

Budget 2016: Jaitley proposes listing of PSU general insurance companies

The FM said that public listing of public sector general insurance & undertaking are significant changes in FDI policy

Budget 2016: Jaitley focuses on rural economy

Rural jobs programme allocated Rs 38,500 cr; target of agriculture credit at Rs 9 lakh crore

Budget 2016: Govt gives Rs 36,000 cr to farm sector; agri-credit at Rs 9 lakh cr

To reduce the burden of loan repayment on farmers, he said a provision of Rs 15,000 crore has been made towards interest subvention

FM sticks to fiscal roadmap, FY17 deficit at 3.5%

Total government expenditure in next fiscal would be Rs 19.78 lakh crore

Budget 2016: Govt to amend RBI Act to add monetary policy framework

Under the framework, RBI will be responsible for meeting inflation targets, which the central bank expects to contain at 4%