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Highlights of Union Budget 2016

12:23 ‪#‎Tax‬ exempt 40% of withdrawal from NPS at retirement: FM 12:23 Propose 100% deduction to undertakings for construction of affordable housing: FM 12:23 DDT exempted from REITs: FM 12:21 Propose to make some changes in customs, excise duty rates: FM 12:19 Propose to implement GAAR from April 1, 2017: FM 12:19 Propose complete passthrough […]

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Highlights of Union Budget 2016

12:10 To do away with plan & non-plan classification from FY18: FM 12:10 2.5% revenue deficit target for FY16: FM 12:09 Committee To Review FRBM: FM 12:08 Non-plan classification from FY18: FM 12:06 Non-plan expenditure at ‘14.28 lk cr: FM 12:05 15.3% increase in plan expenditure to to Rs 5.5 lk crore: FM 12:04 FY17 […]

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Highlights of Union Budget 2016

11:51 To introduce public utility resolution bill: FM 11:50 Calibrated market prices for gas based on landed price of alt fuels: FM 11:50 Propose to develop 10 of 25 non-functional airstrips: FM 11:50 To incentivise gas production from deep sea & ultra deep waters: FM 11:49 To partner state govts to rejuvenate regional airports: FM […]

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Highlights of Union Budget 2016

11:35 Propose to launch new health care scheme with 1 lk as cover per family: FM 11:33 Need to adopt prudent fiscal strategy: FM 11:33 Must rely on domestic demand since foreign mkts are weak: FM 11:32 Allocate ‘2,000 cr for initial cost of LPG connection to women members: FM 11:32 Mission to provide LPG […]

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BUDGET FLASHES

11:00 (IST) Ahead of ‪#‎UnionBudget2016‬-17, rupee down 3 paise at 68.65 per dollar, Sensex slips 25 points, Nifty down 10 points. 11:03 (IST) ‪#‎UnionBudget2016‬ “I rise to present a statement of the estimated receipts and expenditures of the government of India for the year 2016-17,” Finance Minister‪#‎ArunJaitley‬ begins his Budget speech. 11:17 AM Rs 500 […]

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