Page 12 - Union Budget 2016

Budget 2016: Arun Jaitley says compliance window is neither VDIS nor amnesty

One can clear up past transgression by paying tax at 30%, a surcharge at 7.5%, a penalty at 7.5% which is total of 45% of undisclosed income

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 5%

Budget 2016: Tax sops only to SEZs commencing activity before Mar 31, 2020

The SEZs enjoy 100% income tax exemption on export income for the first five years

Budget 2016: Govt's steps are 'excellent'

India Inc applauds Budget 2016, says govt is doing the right thing

'Impossible' to double farmers' income in 5 years: Manmohan Singh

Singh termed the budget for 2016-17 presented by Arun Jaitley as one with 'no big idea'

Budget 2016: S&P says India needs to improve fiscal deficit for ratings upgrade

The country's debt to GDP ratio stands at 67%, where as falling below 60% would bring a "clear upside" to the sovereign ratings

Budget 2016: India Inc cheers rural thrust, dissatisfied on corp tax front

Arun Jaitley has not reduced corporate tax at all this year except for very small firms, said CII President

Budget 2016: Farm sector gets Rs 35,000 cr in allocation

The country's rural sector is reeling under the aftermath of two consecutive droughts, lead to widespread distress.

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: Air India to receive Rs 1,713 crore

The airline had in the financial year ended on March 31, 2015, reported a net loss of Rs 5,860 cr.

Budget 2016: Kejriwal says middle class 'cheated', farmers deprived

He said the budget has nothing for farmers in distress who are committing suicide

Budget 2016: Govt proposes 14% service tax on shipping companies importing goods

Coastal shipping industry left disappointed

Budget 2016: Air travel to become expensive

Arun Jaitley has proposed in Union Budget 2016-17 a hike of 6% in excise duty on jet fuel

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

Karnataka chief minister Siddaramaiah has termed the Union Budget as "disappointing and average" saying there could have been more funds allocated to the agricultural community considering that the government reaped the benefits of low crude prices.

Budget 2016: What is in it for you

The Ministry of Finance helps break down Budget 2016 for farmers, students, investors, entrepreneurs, labourers and housewives

Budget 2016-2017: At a Glance

Finance Minister Arun Jaitley unveiled the Union Budget 2016-2017 on Monday, listing 'nine pillars' including tax reforms, promoting ease of doing business and ensuring fiscal discipline, that will transform India.

Budget 2016: Car makers to hike prices on infra cess, see lower growth

The FM announced cess of upto 4% on passenger vehicles; Maruti stock on BSE closed at a 14-month low