Budget News - Page 2

Budget 2018: Narendra Modi's ambitious health insurance plan will require Rs 11,000 cr in funding each year
The government has estimated the premium for insuring each family would be about Rs 1,100 ($17.15), said the government official

Budget 2018: Sensex slumps over 500 points, Nifty trades lower at 10,827 as long term capital gains tax returns
According to market observers, heavy selling pressure in consumer durables, banking, capital goods, auto and metals stocks added to downward trajectory of indices.

Budget 2018: A growth oriented, job creating budget targeting a GDP rate of 8% per annum
Big push to infrastructure, beginning of universal healthcare, housing for all, revolutionising education and support for ancillary sectors augers well for economy

Budget 2018: Arun Jaitley reveals govt mops up Rs 1 lakh cr via divestment this year; aims Rs 80,000 cr in FY19
The government reduced stake in several PSUs this fiscal, including EIL, NTPC, NALCO and OIL.

Budget 2018: FM Arun Jaitley reduces corporate tax rate to 25% for Rs 250 cr turnover
Lowering of corporate tax is in tune with Arun Jaitley's promise in 2015-16 Budget.

Budget 2018: From standard deduction to health and education cess, how Arun Jaitley changed your money life
This standard deduction given in budget was in lieu of exemption in respect of transport allowance and reimbursement of miscellaneous medical expenses

Budget 2018: Govt breaches fiscal deficit target of 3.2% for FY18, pegs it higher at 3.5%: Arun Jaitley
The fiscal deficit target has been fixed at 3.3 percent for 2018-19 as against Fiscal Responsibility and Budget Management Act target of 3 percent

Budget 2018: GDP may grow 7.2-7.5% in second half of FY18; India on way to becoming 5th largest economy, says Arun Jaitley
As per the CSO estimate Indian economy is expected to grow at 6.5 percent in the current fiscal, ending 31 March

Markets open in green hours before Budget presentation; Sensex up 157 points at 36,122, Nifty at 11,074 mark
Sensex opened at 36,048.99 points, was trading at 36,122.23 points (at 9:16 am), higher 157.21 points or 0.44 percent from previous day's close at 35,965.02 points.

Arun Jaitley has tough task to choose between populism and fiscal prudence in Union Budget 2018
In Union Budget, small businesses may get some sops to ease pain caused to them due to chaotic rollout of GST and demonetisation

Markets end in red day before Union Budget presentation; Sensex below 36,000-mark, Nifty above 11,000 level
The 30-share Sensex remained in negative zone for major part of session and lost 68.71 points, or 0.19 percent to finish at 35,965.02.

Union Budget 2018: Narendra Modi govt must tame fiscal deficit to retain investors' faith in Asia's 3rd largest economy
Since Narendra Modi took power in May 2014, benchmark 10-year bond yields have fallen 135 bps and NSE share index has surged 55 percent

Where does India's revenue come from?
Watch this video to know where does India gets it's revenue from

Budget dialogues: Recapitalisation of state-run lenders alone will not cure ills of banking sector, say panelists
Panelists say banking sector requires overhauling of current structure of the entire system dominated by state-run lenders

Economic Survey mentions Sunny Deol's famous dialogue from 'Damini' to highlight ease of doing business hurdles
Economic Services next frontier on ease of doing business is addressing pendency, delays and backlogs in the appellate and judicial arenas

Sensex below 36,000 mark, falls 124 points a day before Union Budget; Nifty down 39 points at 11,010
The 30-share index fell by 124.28 points or 0.34 percent at 35,909.45 in opening session as consumer durables, capital goods, IT, healthcare and tech stocks dropped.

Economic Survey 2018: Make in India 2.0 to focus on 10 champion sectors to spur manufacturing, job creation
Make in India programme was launched on 25 September, 2014 with an aim to make India a global hub for manufacturing

Arvind Subramanian speaks about huge market rally, says stock prices need to be backed by economic growth
Over the past two fiscal years, the Indian stock market has soared, outperforming many other major markets.

India has great expectations from govt’s economic reforms but data shows not all of them are being met
The common man doesn’t know much about government's big ticket economic reforms but knows, for sure, their grocery bill is impacting their kitchen needs

Economic Survey 2018 reveals low tax collections at panchayat level are challenge to fiscal federalism
Economic Survey says panchayats received 95 percent of their revenues from devolved funds from centre/state, while generating only 5 percent from own resources

Fiscal deficit may be slightly higher than target of 3.2% of GDP as per earlier projection: Niti Aayog vice-chairman
The government aims to contain the fiscal deficit for 2017-18 to 3.2 percent of the GDP, and 3 percent in 2018-19

RBI may hold repo rate in Feb as growth picks up, inflation on upward move, says Arvind Subramanian
Retail inflation, based on Consumer Price Index (CPI) was 4.88 percent in November and in December 2015 it was 3.41 percent

Rising NPAs cut banks' lending to real estate sector to 17% in 2016 from 68% in 2013: Economic Survey
Economic Survey says PE funds and financial institutions such as pension funds and sovereign wealth funds have replaced banks as largest source of real estate sector

Household savings coming into bank deposits, life insurance funds and shares increased manifold: Economic Survey
Economic Survey says mutual funds witnessed an inflow of over Rs 2.53 lakh crore savings in April-October period of current fiscal

Economic Survey says India needs $ 4.5 trn to build infrastructure by 2040; can garner $3.9 trn funds itself
Economic Survey attributes collapse of Public Private Partnership as reason for massive underinvestment in the infrastructure sector

Jobs, agriculture sector to get big push in Budget 2018, hints Economic Survey; pegs GDP at 6.75% this year: 10 points
Economic Survey says GDP growth has averaged 7.3 percent from 2014-15 to 2017-18, which is highest among major economies of the world

In his first budget address, President Ram Nath Kovind reiterates govt's pledge to double farmers' income by 2020
President Kovind in his budget address says it is result of hard work of farmers that there has been a record production of more than 275 mn tonnes food grains

Economic Survey says demonetisation added more number of taxpayers, caused bigger household savings
As per Economic Survey analysis, new filers reported an average income, in many cases, close to income tax threshold of Rs 2.5 lakh