Siemens welcomes Union Budget's focus on skill development

Mar 01, 2016, at 12:39 am

New Delhi, Feb 29 (IBNS): Sunil Mathur, MD & CEO, Siemens Ltd welcomed the Union Budget's focus on rural, social and skill development, which was presented by Union Finance Minister Arun Jaitley on Monday.

The 2016 Budget is commendable: VentureNursery

Feb 29, 2016, at 11:16 pm

New Delhi, Feb 29 (IBNS): Ravi Kiran, angel investor and Co-Founder, VentureNursery, on Monday called the Union Budget presented by Finance Minister Arun Jaitley as 'commendable'.

Budget 2016 fails to boost Indian market sentiment

Feb 29, 2016, at 11:04 pm

Mumbai, Feb 29 (IBNS) The Union Budget 2016, presented on Monday, by finance minister Arun Jaitley has been hailed by many, including prime minister Narendra Modi, as a pro-village, pro-poor, and pro-farmer, but it could not boost the market sentiments leading to a sharp decline in the benchmark indices.

Tata Steel welcomes Union Budget

Feb 29, 2016, at 10:54 pm

New Delhi, Feb 29 (IBNS) TV Narendran, MD, Tata Steel India & SEA welcomed the Union Budget presented by Union Finance Minister Arun Jaitley on Monday said the budgetary proposals announced by the Minister will help the steel industry meet its growth target and reach its full potential.

Jain group welcomes Union Budget

Feb 29, 2016, at 10:32 pm

New Delhi, Feb 29 (IBNS) Welcoming the Union Budget, Rishi Jain – Executive Director, Jain Group on Monday said the government is focusing on basics and the lower and middle income group with obvious intention of boosting real estate purchase for these category of consumers.

Arun Jaitley presents pro-poor, pro-rural Budget for 2016-17

Feb 29, 2016, at 10:23 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presented the Union Budget 2016 focusing on rural development and farm and social sector along with infrastructure with analysts terming it a pro-poor, pro-agriculture move that throws a challenge to the government to implement in reality.

Union Budget 2016: Measures proposed for affordable housing

Feb 29, 2016, at 10:19 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley, while presenting the Union Budget 2016 on Monday, proposed 100% deduction for profits to an undertaking from a housing project for flats up to 30 sq. metres in four metro cities and 60 sq. metres in other cities, approved during June 2016 to March 2019, and is completed within three years of the approval.

This budget deals with the reality of India: Jaitley

Feb 29, 2016, at 10:08 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday said the Union Budget, which he presented in the Parliament, deals with the reality of India.

Union Budget 2016: Proposed reforms in FDI policy

Feb 29, 2016, at 10:05 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley, while presenting the Union Budget 2016 on Monday, said reforms in foreign direct investment (FDI) policy in areas of insurance and pensions, asset reconstruction companies and stock exchanges have been proposed.

Union Budget: Companies Act 2013 to be amended to facilitate ease of doing business

Feb 29, 2016, at 09:27 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley, while presenting the Union Budget 2016 on Monday, said a Bill shall be introduced in the 2016 Budget session of the Parliament to amend the Companies Act 2013.

Kotak Mahindra Bank's Shanti Ekambaram calls Union Budget as 'positive'

Feb 29, 2016, at 09:26 pm

New Delhi, Feb 29 (IBNS) Shanti Ekambaram, President – Consumer Banking, Kotak Mahindra Bank, on Monday called the Union Budget presented by Union Finance Minister Arun Jaitley as 'positive',

Zoctr Healthcare welcomes Union Budget

Feb 29, 2016, at 09:18 pm

New Delhi, Feb 29 (IBNS) Zoctr Healthcare CEO Nidhi Saxena said the Union Finance Minister Arun Jaitley's proposals to deepen access to healthcare in underserved areas is commendable in the Union Budget is 'commendable'.

Budget has provided a strong growth direction to the Indian economy: Yes Bank CEO

Feb 29, 2016, at 09:08 pm

New Delhi, Feb 29 (IBNS); Welcoming the Union Budget, Rana Kapoor, MD & CEO, YES Bank, on Monday said it will give a strong direction towards growth to the Indian economy.

Union Budget 2016: Government aims to double farmers' income by 2022

Feb 29, 2016, at 08:50 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley, while presenting the Union Budget 2016 on Monday, said the central Government intends to go beyond food security and give back a sense of income security to Indian farmers.

Union Budget 2016: Corpus of Rs 900 crores for Price Stabilisation Fund

Feb 29, 2016, at 08:46 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley, while presenting the Union Budget 2016 on Monday, said that monitoring of prices of essential commodities is a key element of good governance.

Union Budget 2016: Proposed benefits for pensioners

Feb 29, 2016, at 08:30 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley, while presenting the Union Budget 2016 on Monday, proposed several schemes for pensioners, including withdrawal up to 40% of the corpus at the time of retirement tax exempt in the case of National Pension Scheme(NPS).

Union Budget 2016: Announcement of relief for small tax payers and others

Feb 29, 2016, at 08:22 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presented the Union Budget 2016 where he said he would like to give relief to small tax payers and proposed to raise the ceiling of tax rebate under Section 87A of IT Act to Rs 5,000 from Rs 2,000 for individuals with income less than Rs 5 lakhs.

Union Budget 2016: Incentives for start-ups as they can generate employment

Feb 29, 2016, at 07:49 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley while presenting the Union Budget 2016 on Monday said that start-ups generate employment, bring innovation and are expected to be key partners in the Make in India programme.

Union Budget 2016: Building road and rail infrastructure a key focus area

Feb 29, 2016, at 07:34 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presented the Union Budget 2016 where a total outlay of Rs. 2,18,000 crore has been proposed as capital expenditure for roads and railways in 2016-17.

Union Budget 2016: Government to provide calibrated marketing freedom to incentivise Oil & Gas production

Feb 29, 2016, at 07:32 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presented the Union Budget 2016 and said that Oil & Gas discovery and exploration of Gas in difficult areas will be incentivised by giving them calibrated marketing freedom.

Union Budget 2016: Proposal for compliance window to declare undisclosed income

Feb 29, 2016, at 06:55 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 proposed a scheme to declare undisclosed income by paying 45% tax in a given compliance window.

Arun Jaitley presents "pro-poor" Union Budget focusing on farm, villages and roads

Feb 29, 2016, at 06:45 pm

New Delhi, Feb 29 (IBNS): Union Finance Minister Arun Jaitley on Monday presented the Union Budget 2016 focusing on rural development and farm and social sector while offering some relief to tax payers as analysts see it as a pro-poor budget with big ideas which is a challenge for the government to implement.

Stock markets plummet post Budget 2016 presentation

Feb 29, 2016, at 06:33 pm

Mumbai, Feb 29 (IBNS) The Indian benchmark indices, which opened in the green on Monday, have plummeted after the Budget 2016 was tabled by the Union Finance Minister Arun Jaitley.

Budget Highlights: Jaitley on banking policies

Feb 29, 2016, at 06:22 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 said the government stands firmly behind public sector banks

Budget Highlights: Jaitley raises tax rebate

Feb 29, 2016, at 06:18 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 said the ceiling for tax rebate is up by Rs 3000/-.

Budget Highlights: Introduction of National Dialysis Programme

Feb 29, 2016, at 05:43 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 introduced the National Dialysis Programme.

Budget Highlights: Jaitley focuses on rural digital literacy

Feb 29, 2016, at 05:42 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 said rural sector will be brought under digital literacy in big way.

Budget Highlights: Jaitley focuses on road infrastructure

Feb 29, 2016, at 05:27 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 said Rs 97,000 crore will be allocated for road infrastructure.

Budget Highlights: Jaitley focuses on rural development

Feb 29, 2016, at 05:03 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 highlighted on several rural development schemes.

Budget Highlights: Jaitley focuses on eight points

Feb 29, 2016, at 04:48 pm

New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 highlighted on: