Page 23 - Union Budget 2016

Hit by $16 bn pay panel hike, FM Jaitley may cut capex in Budget 2016

Pay hike to employees, costly food and farm programmes and a populist Budget ahead of polls may eat into capex

Ficci calls for reforms through executive action

The proposed reforms are spread across exports, taxation, and crucial sectors

When Budget hits the sweet spot

Race for final lap began on Friday with the halwa ceremony

IOC against import duty on crude oil

India imported 189 mt of crude oil in 2014-15, valued at $112 billion. In the current financial year, the value of imports is expected to come down to $61 billion

Centre finalising gold policy reforms, Budget rollout likely

Calls meeting of stakeholders today to finalise national bullion board and exchange

Ajay Shah: A call to arms for reforms

The non-oil, non-finance sector of the economy is under severe stress

Revenue effort to be backed by tax reforms

Marginal reduction in corporation tax rate from 30%; Revision of TDS limits as recommended by the Easwar committee

Union Budget enters its last mile run

Internet connections in the offices of senior officers and staff involved in the process are shut-down to maintain secrecy

Centre can opt for longer route to 3% fiscal deficit target: Survey

Need to support demand till private sector recovers to achieve the fiscal deficit target, says the Deloitte India survey

Non-tax revenues to ride on dividends, strategic sales

Jaitley may set much higher targets for dividends from PSUs and from RBI/PSBs as well as provide a push towards strategic stake sales

Budget 2016 to focus on farmers, jobs, poverty eradication: Jayant Sinha

Sinha said that the Budget will ensure that India continues to be a haven of stability and growth in a very turbulent global environment

Windfall allocation may raise rural spending power

Around Rs 15,100 crore was allocated under the Pradhan Mantri Gram Sadak Yojana in 2015-16 after the first two quarters

Deloitte survey: CFOs pitch for more capex in Budget

Majority also okay with some deferring of fiscal consolidation schedule

Budget 2016: Opposition should play 'constructive role', says Naqvi

Union Minister Mukhtar Abbas Naqvi said that last monsoon and winter sessions were washed out due to the 'illogical ruckus'

Budget likely to meet numbers for first time in 5 years: Former Infosys executive

T V Mohandas Pai stressed on the need for holding fiscal deficit at 3.5% in 2016-17

'Silicon Valley spirit' guides policymakers, start-ups look for a deal

Details of a Rs 10,000-cr fund announced by PM in January; tax exemption on capital gains, incubation

Another variable

Oil production freeze adds to price uncertainty

HSBC sees FM Jaitley stretching fiscal deficit target to 3.8% in FY17

All eyes will be on the fiscal gap number which Jaitley spells out in the Budget 2016-17

Railways to tap auto and FMCG sectors in big way

A senior railway official said that the need of the hour is to enter new areas to expand the freight operation

Adhia hints at tax rationalisation, simplification in Budget

Says the focus should be on promoting growth and employment