Page 7 - Budget 2017
Taxmen can now dig in past 10 years of returns to unearth black money
The tax returns can be opened only when undisclosed income and assets of over Rs 50 lakh are unearthed
 "Taxmen can now dig in past 10 years of returns to unearth black money")
Rajiv Memani: A focused and steadfast Budget
Finance minister's proposals are in line with the needs of India's economy in a global environment
![[object Object], A focused and steadfast Budget](https://bsmediarevamp.business-standard.com/_media/bs/img/article/2017-02/02/full/1486054922-9192.jpg?im=FeatureCrop,size=(328,185) "[object Object], A focused and steadfast Budget")
Changing tracks
Proposals for Indian Railways are welcome
 "Changing tracks")
Thinking small
Preference for small-scale firms isn't a good idea
 "Thinking small")
Foreign oil firms get exempted from tax on sale of storage leftover
India is 81% dependent on imports to meet its crude oil need
 "Foreign oil firms get exempted from tax on sale of storage leftover")
Rs 10k cr 'highly insufficient' for recapitalising PSU banks: S&P
With softer interest rates, State-run banks are expected to raise money through additional bonds
 "Rs 10k cr 'highly insufficient' for recapitalising PSU banks: S&P")
UP Inc welcomes Union Budget 2017
Industrialists appreciated the focus on agricultural and MSME sectors and its objective to maintain fiscal prudence
 "UP Inc welcomes Union Budget 2017")
Budget impact: Withdrawal of sugar subsidy to reduce offtake from states
Fall in consumption witnessed post-demonetisation continued in January as well, says ISMA
 "Budget impact: Withdrawal of sugar subsidy to reduce offtake from states")
Government borrowing target fails to enthuse market
Bond market, however, happy with the government's commitment to keep deficits under check
 "Government borrowing target fails to enthuse market")
BS jury: A delicate balancing act with rural push
The Business Standard jury of industry captains assesses the focus of Arun Jaitley's Budget 2017
 "BS jury: A delicate balancing act with rural push")
Startups say FM's move to extend time limit for tax holiday helps liquidity
I-T exemption time limit for startups has been extended to 3 out of 7 years from 3 out of 5 years, earlier
 "Startups say FM's move to extend time limit for tax holiday helps liquidity")
High on announcements, low on allocations for agriculture
Announces new Mission to eliminate poverty; marginal rise in MNREGA allocation
 "High on announcements, low on allocations for agriculture")
Budget has disappointed all: Jaipal Reddy
Centre's demonetisation move has not yielded any substantial benefit, he said
 "Budget has disappointed all: Jaipal Reddy")
Budget aims at fiscal improvement: S&P
It, however, added that country's debt remains a rating constrain
 "Budget aims at fiscal improvement: S&P")
Govt strikes balance between fiscal prudence, growth boost: Goldman Sachs
Economic Survey had earlier pegged the country's GDP growth at 6.75% to 7.5% in FY18
 "Govt strikes balance between fiscal prudence, growth boost: Goldman Sachs")
Look at a holding company structure, not a mega oil firm
Such a holding company could be listed or remain unlisted till the teething issues are resolved
 "Look at a holding company structure, not a mega oil firm")
Ananth Narayanan: A big leap towards digital India
Budget 2017 is focused on bringing growth back to the economy after demonetisation
Big push for digitisation, less-cash society a key theme of Budget
Modi govt's BHIM App found prominent mention in FM Arun Jaitley's Budget speech
 "Big push for digitisation, less-cash society a key theme of Budget")
Disinvestment: Govt pins hopes on PSU stake sales
Sets target of Rs 72,500 crore even as FY17 targets are missed
 "Disinvestment: Govt pins hopes on PSU stake sales")
Amidst uncertainty, some stability
Like much else in economics, Budgets too need to be de-mystified
