Budget 2016
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New PF rules trigger violent protests in Bengaluru, 20 arrested so far
India | April 19, 2016 17:24 ISTThe demonstrations in Karnataka’s capital city of Bengaluru against the central government’s budgetary proposal to restrict the withdrawal of Provident Fund until the individual attains the age of 58 today intensified, triggering violent protests on
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General Motors hikes prices by up to Rs 51,000
March 07, 2016 19:30 ISTNew Delhi: General Motors India today hiked prices of its entire vehicle range by up to Rs 51,000 in order to offset the impact of new levies proposed in the Union Budget 2016-17."We are undertaking price
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FICCI lauds decision to review EPF tax proposals
March 06, 2016 19:23 ISTNew Delhi: Expressing its dismay over the union budget 2016-17 proposal to tax withdrawals from the Employees' Provident Fund (EPF) contributions, industry chamber FICCI today said it was, nevertheless, encouraged by the reports that Finance
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With 7.6% budget hike, China becomes world's second largest defence spender
World | March 05, 2016 11:43 ISTBeijing: China became world's second largest defence spender after a budget report to the national legislature annual session was shown on Saturday.According to a budget report, the government plans to raise the 2016 defence budget
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17 Steps taken by the government to check price rise of essential food items
India | March 04, 2016 20:59 ISTNew Delhi: Finance minister Arun Jaitley's Union Budget 2016-2017 has drawn mixed reactions from all corners. People from different sectors are worried about the impact that the Budget will have on various commodities.While cars, cigarettes,
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Congress questions omission of defence in budget speech
Politics | March 03, 2016 8:09 ISTNew Delhi: Congress leader Ghulam Nabi Azad on Wednesday questioned the omission of the mention of the budgetary allocation for the defence ministry in Finance Minister Arun Jaitley's general budget speech."For the first time, there
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A look at this year's Budget Biggies
March 01, 2016 19:21 ISTNew Delhi: Finance Minister Arun Jaitley on Monday presented the Narendra Modi government's second full Budget in the Lok Sabha, which the Prime Minister later termed as pro-poor and pro-farmer.While the focus on the rural
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Facing flak, government says will reconsider tax on EPF withdrawals
March 02, 2016 8:04 ISTNew Delhi: Under all-round attack following its Budget proposal to tax 60 per cent of withdrawals from provident fund and a ceiling on employers contribution, the government today promised to consider demands for a rollback of
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Budget Speech 2016: Treasury benched led by PM Modi, Sushma continuously cheer Arun Jaitley
Politics | March 01, 2016 18:00 ISTNew Delhi: On February 29, the day Finance Minister Arun Jaitley presented his third consecutive budget, the atmosphere in Lok Sabha was ecstatic especially among the treasury benches. The MPs belonging to the ruling formation
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Tata Motors hikes passenger vehicles prices by up to Rs 35,000
March 01, 2016 17:26 ISTNew Delhi: Tata Motors today increased prices of its passenger vehicles by up to Rs 35,000 with immediate effect to offset the impact of infrastructure cess proposed in the Budget 2016-17.“In line with the cess
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India's 2016-17 budget credit positive: Moody's and Fitch Ratings
March 01, 2016 16:54 ISTChennai: Global credit rating agencies -- Moody's Investors Service (Moody's) and Fitch Ratings -- termed India's fiscal budget for 2016-17 as credit positive for sovereign rating, but pointed out certain uncertainties."The budget is modestly credit
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Markets bet big on RBI rate cut, Sensex rallies over 777 points
March 01, 2016 16:10 ISTNew Delhi: Finance Minister Arun Jaitley's decision to stick to the fiscal deficit targets of 3.9 per cent and 3.5 per cent for this year as well as the 2016-17 financial year respectively has sent markets
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Modi govt distributes 7 cr LED Bulbs till Feb; saving 2.4 cr kWh energy per day
March 01, 2016 10:18 ISTNew Delhi: Energy Efficiency Services Limited (EESL) has distributed over seven crore LED bulbs to the citizens of the country under the Domestic Efficient Lighting Programme (DELP). The milestone was achieved on the Budget Day.The
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Budget 2016: Andhra Pradesh govt disappointed with Union Budget
India | March 01, 2016 7:36 ISTVijayawada: Andhra Pradesh government today expressed disappointment that the 2016-17 Budget does not make any allocation for bridging the revenue deficit of the cash- starved state and gives only Rs 100 crore for the Polavaram
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Budget 2016: Government to introduce Aadhaar Bill in next 2 days
February 29, 2016 23:54 ISTNew Delhi: Government is set to introduce the Aadhaar Bill in Parliament in the next couple of days to give the platform a statutory backing, a move that will expand its range of utility in
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Budget 2016: Monetary policy panel to have 6 members; RBI governor to head the panel
February 29, 2016 23:34 ISTNew Delhi: The government on Monday proposed to amend the RBI Act for setting up the Monetary Policy Committee consisting of six members and headed by RBI Governor to fix the benchmark interest rates and inflation
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Budget 2016: MEA allocated Rs 14,662 crore
February 29, 2016 21:09 ISTNew Delhi: The External Affairs Ministry was allocated Rs 14,662 crore in the Union Budget, a cut of Rs 378 crore compared to last year, even as the focus of the outlay remained on development
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Budget 2016: Rs 900 crore for Law Ministry for administration of justice
February 29, 2016 20:59 ISTNew Delhi: In a bid to help speed up disposal of pending cases, the Law Ministry has been provided with Rs 900 crore in the Union Budget for 'administration of justice', including setting up of
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Budget 2016: Delhi Metro gets Rs 5,579 crore
February 29, 2016 20:34 ISTNew Delhi: The fast expanding Delhi Metro has been allotted Rs 5,579 crore in the Union Budget, a jump of about 31 per cent over the previous year, which the authorities described as "adequate" for
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Budget 2016: Prices of mobile phones, tablets and laptops may rise
February 29, 2016 19:10 ISTNew Delhi: After the Finance Minister Arun Jaitley presented the Union Budget 2016-17 in Parliament today, it is being estimated that the mobile phones, tablets and laptops' prices will rise about 5% as the government
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