Rating agencies have said while some of the revenue growth expectations expressed are optimistic, the government will have to deliver on the fiscal targets
While offering a tax deduction on a self-occupied property makes some sense, there is no logic to offering a tax deduction on a home, one is not living in. This “deduction” needs to be plugged immediately as it encourages speculation.
Arguably, the ‘Indradhanush’ package announced by Jaitley lasy year to revive PSBs isn’t adequate to set these institutions on safer path.
Is the government finally saying sorry to farmers and rural India? Yes, if you go by the slew of Budget announcements for the benefit of both.
Some reactions on the Union Budget 2016, presented by Jaitley, by some of the biggest names in the tech world
Fully in-line with our expectations, the Government opted for a ‘pro-poor’ budget for FY17.
The government on Monday allocated about Rs 7,296 crore for two central schemes of urban transformation, AMRUT and 'Smart Cities' Mission
The Opposition dubs the Budget 2016-17 presented by Union Finance Minister Arun Jaitley as “hopeless” and “stereotype”
Budget 2016: BJP calls it 'visionary', Congress says no 'immediate stimulus' to build disposable income
Finance Minister Arun Jaitley on Monday presented in Parliament the Union Budget 2016-17 in which no change in personal Income Tax slabs has been done while a 4-month Compliance Window for domestic black money holders has been given.
The minister said that the country is beefing up its economy at a time when the world is weathering through an economic crisis.
Finance Minister Arun Jaitley on Monday said the Union Budget is aimed at improving rural infrastructure and increasing rural income as the biggest challenge to the economy is agrarian distress.
Union Budget 2016: By sticking to fiscal deficit target, Jaitley has just passed the ball on rate-cut to RBI’s Rajan
Indeed, it was a tightrope walk for Jaitley to stick to the fiscal deficit path given the huge burden on the 7th Pay Commission falling on the government in fiscal year 2017 and government struggling on the disinvestment.
Experts say the Budget focuses on various reforms in order to lift growth and this in turn would help in creating more jobs, especially in sectors like pharma, healthcare, IT, education, FMCG and most certainly internet focused sector.
If one goes by Arun Jaitley's budget speech utterances, it can safely be assumed that “politics makes the finance minister”.
Finance Minister Arun Jaitley made the announcement in his Budget 2016 speech, lowering the susidies by over four percent to nearly Rs 2.31 lakh crore.
The government aims to collect Rs 56,500 crore through disinvestment in PSUs in the next fiscal, as per the Budget for 2016-17.
What is making his task particularly difficult is the fact the Narendra Modi government is going through a rough patch due to the heightening criticism over the rising intolerance. The JNU imbroglio and the Rohith Vemula suicide only aggravated the problem.
Here is what experts ranging from macroeconomic, infrastructure to banking sector have to say on Budget 2016