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Budget 2016: A mere Rs 25,000 cr for bank recapitalisation not enough

This amount that Finance Minister Arun Jaitley has set aside may not even be enough to compensate for the quarterly losses of PSBs

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: 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

Budget 2016-2017: 0.5% 'Krishi Vikas Cess' imposed to fund farmers' welfare schemes

The cess is to be used to fund the Centre's heightened allocation for the rural economy

Budget disappointing and average: Karnataka CM

This year, the burden on state has increased by Rs1987 crore

Budget 2016: Around two-fifths of readymade garments industry to face 2% excise levy

Finance Minister Arun Jaitley has proposed 2% excise duty on branded readymade garments and made-up articles of textiles of retail sale price of Rs 1,000 or more

Budget 2016: Reduced tax benefits on research disappoints pharma companies

At present companies get tax benefits in form of deduction of 200% on research expenses, which have been reduced to 150%

Job market to see greener shoots on Budget 2016-2017

New employment exchanges, and increase in incentives for skilling space to help the sector

Budget 2016: Service tax of 14.5% on spectrum may prove negative for telcos

Also, during the spectrum auctions that the government has lined up for June-July, the industry will have to cough up Rs 77,000 cr as service tax

Budget 2016 announces help to local manufacturing of consumer durables

This will also reduce import of finished goods to some extent

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

Vistara cuts down on premium seating

Will increase number of seats to 156 from current 148

Budget 2016: Govt moves towards privatisation of IDBI Bank

To bring stake in the bank below 51%; stock shoots up 8%

Budget 2016: Jaitley makes the infra and investment push

The Budget targets greater funding for roads and railways; paltry sum of Rs 25,000 cr allocated for bank recapitalisation

FinMin announced the govt will open road transport in passenger segment to private sector

Finance Minister Arun Jaitley in the Union Budget 2016-17, announced the government will open the road transport in passenger segment to the private sector. The minister said that that the Motor vehic

Boost to bus makers in Budget

Finance Minister Arun Jaitley today said that the Motor Vehicles Act will be amended to allow the participation of private sector in the passenger vehicle segment of road transport.

Higher Education Finance Agency to be set up

In his budget speech, Finance Minister Arun Jaitley said that a sum of Rs 1000 crore has been set aside for this purpose.

Skills mission, jobs get a boost in Budget 2016-2017

FM announces 1,500 multi-skill training institutes across India and allocates Rs 1,700 crore for the same