News

Updated : Mar 2, 2016

Budget 2016: Govt to give statutory status to Aadhaar

Till date over 98 crore Aadhaar IDs have been generated. Per day average of 26 lakh biometric and over 1.5 lakh e-KYC transactions are made.

Updated : Mar 2, 2016

Govt notifies infra cess of up to 2.5% on cars

Government notified the imposition of infrastructure cess of up to 2.5 per cent on passenger vehicles, which was announced in Budget 2016-17 but was silent on 4 per cent levy on big diesel SUVs and cars.

Updated : Feb 29, 2016

Union Budget 2016-17: Full text of the speech

Finance Minister Arun Jaitley on Monday presented  Union Budget 2016-17 on Monday. Here is the link to text of full speech.

Updated : Feb 29, 2016

FM Arun Jaitley assures reforms as he unveils Budget 2016-17

Finance Minister Arun Jaitley began presenting India's national budget for the next fiscal in the Lok Sabha on Monday, saying India remained a bright spot of the global economy while assuring continuity in reforms along with fiscal discipline.

Updated : Feb 29, 2016

FM Arun Jaitley begins presenting national budget for 2016-17

The Finance Minister Arun Jaitley began presenting India's national budget for the next fiscal in the Lok Sabha on Monday, amid concerns over stagnating growth, the state of government finances and stuttering pace of reforms.

Updated : Feb 29, 2016

Market Morning Brief: What you must know as trading begins on Dalal Street

While budget announcements will largely shape up today's market movement and will hog limelight throughout the day, you must not ignore global developments as well.

A firm dollar against some global currencies overseas and a lower opening of the domestic equity market also weighed on the rupee. Photo: Reuters

Updated : Feb 29, 2016

Budget 2016: Rupee falls 12 paise to 68.74 against US dollar

The rupee weakened 12 paise to quote at 68.74 against the dollar ahead of Union Budget 2016 that Finance Minister Arun Jaitley will present in the Parliament later today.

Updated : Feb 29, 2016

Budget 2016: PM Narendra Modi says 125 crore people to take his exam today

PM Narendra Modi, who admitted to feeling "tension" sometimes, said he was "full of confidence" ahead of his "examination" by 125 crore people, a trait which he wanted students to emulate when they appear for their examinations for Class X and XII starting Tuesday.

Updated : Feb 27, 2016

NITI Aayog to interact with public on General Budget

In a one-on-one interaction with the public on the Union Budget, NITI Aayog Vice Chairman Arvind Panagariya and NITI Aayog CEO Amitabh Kant will host Google Hangouts, for two consecutive days.

Updated : Feb 26, 2016

Union Budget 2016: Will Sensex fall on D-Day? Here's what history suggests

Analysts expect Budget 2016 may turn out to be a dull affair amid shaky economic conditions, as government would walk on a tightrope to strike a balance between the industry expectations and fiscal prudence.

Updated : Feb 26, 2016

Despite hopes and fears, Budget 2016 unlikely to send market crashing, say experts

Domestic investors remained cautious and maintained low expectations from the Budget 2016, even as the Economic Survey painted a rosy outlook for the economy.

Updated : Feb 25, 2016

Budget 2016 may offer tax sops on plastic card transactions

Making a strong pitch for promotion of electronic payments in the country and making India a cashless economy, the Confederation of All India Traders (CAIT) has submitted a pre-budget memorandum to Finance Minister Arun Jaitley.

Updated : Feb 24, 2016

Union Budget 2016: India's fiscal metrics to remain weaker than peers, says Moody's

FM Jaitley in his Budget for 2016-17 will on Monday reveal if the credit-positive five-year trend of narrowing budget deficits - from 6.5 per cent of GDP in fiscal 2010 to 4.1 per cent in 2014-15 - will continue.

Updated : Feb 23, 2016

Union Budget 2016-17: Tax cuts hold key to realty, mass-housing sops

The government is quite serious about its flagship programme, "Housing for All by 2022", under which five crore new houses are to be built to meet the housing shortage.

Finance Minister Arun Jaitley (Photo: Reuters)

Updated : Feb 22, 2016

What's on in the North Block as Budget 2016 enters last mile run

The final lap began on February 19 with the traditional halwa ceremony, which marked the commencement of the printing process of documents of Union Budget 2016-17.

Union Minister of state for Finance Jayant Sinha (Photo: Reuters)

Updated : Feb 22, 2016

Budget to focus on poor, progress, jobs: Jayant Sinha

"This budget will be a forward-looking budget that will ensure that India will continue to be a haven of stability and growth in a very turbulent and choppy global environment," he said in a rare message ahead of the annual exercise.

Updated : Feb 22, 2016

Union Budget: $16 bn wage bonanza may force FM Arun Jaitley to cut capex

The spending pressure on Finance Minister Arun Jaitley threatens to worsen imbalances in $2 trillion economy as consumption outpaces investment, undermining Prime Minister Narendra Modi's promise of better jobs for its 1.3 billion people.

Updated : Feb 19, 2016

Key data to check before FM Arun Jaitley presents Budget 2016

Business Today takes a look at key data related to Union Budget 2016-17 to be presented by FM Arun Jaitley on February 29, 2016.

Updated : Feb 19, 2016

Union Budget 2016-17: Terms to know

We take a look at the terms associated to Union Budget.

As part of the ritual, which has continued for long, 'halwa' is prepared in a big 'kadhai' (large frying pot) and served to the entire staff in the ministry. Photo: Reuters

Updated : Feb 19, 2016

Printing of Budget 2016 document begins with 'halwa' ceremony

The process of printing documents for the Budget 2016-17 began today with the ritual 'halwa ceremony', which was attended by Finance Minister Arun Jaitley and his deputy Jayant Sinha in the North Block office.

Updated : Feb 5, 2016

Budget to provide Rs 1.10 lakh crore for Pay panel, OROP: Arun Jaitley

Addressing the Consultative Committee attached to the Finance Ministry, the Finance Minister also exuded confidence that fiscal deficit target for current financial year will be within target.