Page 390 - Budget 2026 News

Govt to infuse Rs 300 crore capital in Nabard in FY'16

The Budget has allocated the amount towards subscription to share capital of Nabard, official documents said

Govt targets Rs 1 lakh cr in dividend collection next fiscal

Profit-making CPSEs required to declare a minimum dividend on equity of 20% or a minimum dividend payout of 20% of post-tax profit

JNPT indicates it will be first to get corporatised

Official says certain legislative changes will also be required for ports to get corporatised

Imported trucks and buses to cost more

Customs duty on commercial vehicles in CKD kits and electrically operated vehicles will continue to be 10%

Social cost runs past Railways' growth

Railways bore losses of Rs 34,345 cr in FY15 due to its social obligation to provide cheaper services

India Inc: Tax booster, but with a rider

Corporation tax to be cut to 25% from FY17; exemptions removed; effective rate from next year to be 34.61%

Infra firms cautious despite revival plans

Concerns over implementation issues remain; there also are expectations for deeper reforms

Cigarettes volume to decline 7-8% on punitive tax

The Union Budget 2015 demonstrated that it is moving in tandem with global practices on curbing tobacco consumption

BS Jury

India Inc is encouraged by a determined Budget that commits the government to transformation

Debashis Basu: A lot of good tax breaks, some avoidable

Arvind Subramanian: Moving towards the fiscal target

Chief Economic Adviser explains the Budget in an exclusive article

Interest rate cuts may hit slow lane

Govt expects to achieve fiscal deficit target of 4.1% of GDP for FY16

Government sets the ball rolling

New monetary framework for inflation targeting approved; priority-sector lending norms revised

Domestic steel producers welcome import duty increase

Jaitley raised import duty of long as well as flat steel products from five per cent and 7.5%, respectively, to 10%

FMC to be merged with Sebi

The merger of the commodities and equtiy markets regulators had been hinted at in the Economic Survey

Gold monetisation may curb imports

Sovereign gold bonds and India-made gold coins with Ashok Chakra embossed on those also announced

Tech start-ups cheer Budget's 'positive intent'

Govt proposes Rs 1,000-cr incubation fund; Rs 150-cr innovation mission; relaxes norms for Indian investors

Govt allocates Rs 22,407 cr next fiscal for housing

Rationalisation of capital gains for REITS

Vodafone-like deals to be taxed in India in future

Jaitley sets condition of 50% assets in India for applicability of capital gain tax

Excise duty hike may not push prices of consumer goods

Right step Footwear makers, on the other hand, will lower prices of leather products priced above Rs 1,000, given a reduction in excise duty to six per cent in the Budget