Page 11 - Union Budget 2016

Budget 2016: Naveen dismayed over dwindling devolution to Odisha

Also expreses resentment over tepid hike in overall irrigation outlay

Budget 2016: Sebi,Irda to get service tax exemption for regulatory services

Currently, the service tax for these services is 14%

Indian businessmen in Gulf welcome budget, call it prudent

Three-year tax holiday for start-ups is one of the most exciting announcements of this budget, said Chairman of Lulu Group

DDT exemption will pave way for REITs launch: Experts

Finance Minister Arun Jaitley's proposed removal of dividend distribution tax has received a thumbs-up from the real estate sector which has been looking for a clarity to launch Real Estate Investment Trusts (REITs) for raising funds. "DDT is considered to be one of the biggest hurdles left in making REITs financially viable. The government has already taken various steps to ease path for REITs. With most of the hurdles getting removed, we may see introduction of REITs here soon," Colliers International India Senior Associate Director, Research, Surabhi Arora said. The introduction of REITs in India would spell scores of opportunities for developers, private funds, financial institutions, among others, as they can be used as an exit, Knight Frank India Chairman and Managing Director Shishir Baijal said, adding that doing away with the DDT has removed the roadblock in launching REIT scheme. "REIT has finally got its due with the abolishment of the DDT that was holding back asset

Budget 2016: Bankruptcy code coming for finance sector, IDBI Bank to privatise

A major proposal in the budget to tackle the problem of stressed assets in the banking sector concerns the ARCs.

FM brings cheer to first-time homebuyers

Another major development is REITs coming closer to reality

Budget 2016 is close to dreams of people: PM Modi

He said by 2019, all villages will be connected via roads and by 2018, all of them will be electrified

Rupee jumps 20 paise on Budget proposals to push exports

Arun Jaitley said in his Budget speech that more support will be provided to exporters to give a boost to overseas shipments

Budget 2016: Disappointment abounds, industry mourns silently

With a Budget largely focused on rural sector, India Inc feels left out

India imposes gold sales tax on top of record import duty

Arun Jaitley announced an excise duty of 1% on gold and diamond jewellery, says new duty will cut demand

Budget 2016: Brokers disappointed over hike in STT

Finance Minister Arun Jaitley has increased STT on sale of stock options from 0.017% to 0.05%

Budget 2016 lacks flavour, says Jayalalithaa

She said the budget failed to meet the 'higher expectations' of the people of the state

Budget lacks flavour, says Jayalalithaa

The Union Budget lacks flavour as it does not have any specific announcements of schemes which would have enthused different segments including the States. It also does not speak of the status of implementation of many schemes announced last year and the year before.

Budget 2016: Cigarette prices may go up by 7-8%

Hike, however, lower than rate of excise duty increases previous years

Budget fails to lift markets, back to global cues say experts

After swinging 850 pts, Benchmark Sensex ends 152 pts lower

Budget 2016: PM 'fails' in examination, says Nitish Kumar

He said people got only disappointment from the budget; 'acchhe din' only for those having black money

Budget 2016 can help boost economies of northeastern states: Industry

The Budget had laid major emphasis on entrepreneurship and small business, which would spur the entrepreneurship movement in the northeastern region

Power industry fears 10-12 paise tariff per unit on clean environment cess hike

100% village electrification is positive but power supply needs to be ensured

Punjab farmers give 'thumbs down' to Union Budget

Farmers term union budget as a mere statement; upset over no announcement with regard to waiving off the debt of growers

Revenue from communication services pegged at Rs 98,995 cr, govt to levy service tax on spectrum trading deals

Government expects revenue of Rs 98,994.93 crore from communication services in 2016-17, including proceeds from spectrum auction and other fees levied by the department of telecommunications (DoT).