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Budget 2016: Govt to undertake massive rollout of ATMs in post offices
Fp Archives •The government on Monday announced it will undertake a massive rollout of ATMs in post offices over the next three years as it looks to provide better access to financial services in rural areas.
Budget 2016: Wooing foreign investors? Govt waives penalty, interest on pending tax disputes
Fp Archives •In order to soothe nerves of foreign investors, the government today offered one-time settlement of cases emanating from retrospective amendment of tax laws, by asking companies to pay the basic tax demand and get waiver for interest and penalty.
Budget 2016: Arun Jaitley proposes to amend SEBI Act to increase efficiency of SAT
Fp Archives •The move to amend the SEBI act will increase benches in the Securities Appellate Tribunal, which will expedite cases related to securities markets.
Budget 2016: Modi-Jaitley give big rural push to economy, to give statutory backing for Aadhar
Fp Archives •About half an hour into his presentation of Union Budget 2016, it seemed fairly clear that Finance Minister Arun Jaitley has taken cue from Prime Minister Narendra Modi in presenting a Budget that has rural push as its one big focus.
Budget 2016: Rupee sinks 12 paise vs dollar in early trade
Fp Archives •The rupee weakened 12 paise to quote at 68.74 against the dollar in early trade at the Interbank Foreign Exchange (forex) market
Budget 2016: Key equity indices trading weak
Fp Archives •As Budget speech time nears, Sensex of the BSE opened at 23,238.50 points. Soon after, it was trading at 23,129.21 points, with a loss of 25.09 points, or 0.11 percent
Budget 2016: Govt may increase Rs 70k-cr planned capital infusion for PSBs
Fp Archives •The Finance Ministry is considering infusing more than the announced Rs 70,000 crore in public sector banks to help strengthen their balancesheets.