Page 15 - Union Budget 2016

Budget 2016: Cigarette stocks crash by 8% as excise duty raised

ITC was the top loser among the 30-Sensex stocks

Govt waives penalty, interest on pending tax disputes in Budget 2016

Jaitley came out with a 'Direct Tax Dispute Resolution Scheme' to resolve cases pending in any Court, Tribunal, Arbitration or mediation under Bilateral Investment Protection Agreement

Budget 2016: Govt raises HRA deduction limit to Rs 60,000 for rent payers

Arun Jaitley also proposed to raise the ceiling of tax rebate under 87A from Rs 2,000 to Rs 5,000

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

Govt moots lower corporate tax at 25% for new manufacturing units

The move will help incentivise setting up of new manufacturing units and generate employment

Budget 2016 announcements depress equity markets

Negative Asian cues and a dip in the rupee value at Rs 68.72 include other factors leading to the plunge

Infrastructure outlay at Rs 2.21 lakh crore, proactive steps to boost growth

Arun Jaitley said an allocation of Rs 55,000 crore has been made for highways sector

Budget 2016: Investment of Rs.97,000 crore in road sector

aitley said around 70,000 road projects had got stalled, locking investment of up to Rs 1 lakh crore

Budget 2016: 100% foreign equity in retail of domestic food products

Food Processing Minister said this reduce inflation, provide food at a stable price and improve farming technology

Budget 2016: Jaitley proposes listing of PSU general insurance companies

The FM said that public listing of public sector general insurance & undertaking are significant changes in FDI policy.

Budget 2016: Jaitley focuses on rural economy

Rural jobs programme allocated Rs 38,500 cr; target of agriculture credit at Rs 9 lakh crore

Budget 2016: Govt gives Rs 36,000 cr to farm sector; agri-credit at Rs 9 lakh cr

To reduce the burden of loan repayment on farmers, he said a provision of Rs 15,000 crore has been made towards interest subvention

FM sticks to fiscal roadmap, FY17 deficit at 3.5%

Total government expenditure in next fiscal would be Rs 19.78 lakh crore

Budget 2016: Govt proposes FDI relaxation in insurance, food processing

He said FDI policy has to address the requirements of farmers and the food processing industry

Budget 2016: Govt allocates Rs 500 cr to support SC/ST, women entrepreneurs

At least 2.5 lakh entrepreneurs will benefit under the Stand Up India scheme

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

Budget 2016 focus' on rural economy

Rural jobs programme allocated Rs 38,500 crores

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 vehicle will be amended to enable entrepreneurship in the transport sector.

FM proposes to amend Sebi Act to increase benches in SAT

Currently, SAT has only one bench; Jaitley has proposed to increase benches in SAT to reduce pendency