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  China to raise defence budget by around 7 percent

  World | March 04, 2017 14:26 IST

  The fresh raise could be the country's slowest defence budget rise in more than a decade, and mark the second time that defence budget dip to single-digit increase since 2010.

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  Govt's plan to merge 13 PSUs to create oil giant not good for consumers, pvt retailers: Report

  February 07, 2017 18:22 IST

  Finance Minister Arun Jaitley in his Budget for 2017-18 proposed to merge some of the 13 state oil firms to create an integrated public sector oil major.

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  Arun Jaitley defends surcharge levy, says rich must pay more

  February 03, 2017 23:57 IST

  Finance Minister Arun Jaitley today justified levy of 10 per cent surcharge on rich saying the resources in a largely non-tax compliant society will have to come from the more affluent. Reading out tax-payer data,

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  Banned notes: What FM revealed is important, what he hides is crucial

  February 03, 2017 17:33 IST

  Finance Minister Arun Jaitley, during his budget speech on Wednesday, provided a glimpse into the number of demonetised notes deposited between November 8 and December 30, 2016, without giving the full picture. Is it because

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  Vijay Mallya likens himself to ‘football’, says CBI lacks understanding of economics

  February 03, 2017 11:59 IST

  Beleaguered liquor baron Vijay Mallya today lashed out at the ongoing investigations by the Central Bureau of Investigation (CBI) and efforts by the government to extradite him from Britain where he has taken shelter since fleeing India on March 2 la

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  India expected to clock GDP growth of 7.1 pc in 2017-18: HSBC

  February 02, 2017 13:36 IST

  India is expected to clock a GDP growth of 7.1 per cent in 2017-18 as the country gets sufficiently remonetised and the schemes in the Budget play a supportive role, says an HSBC report.

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  Has the 6 pc hike in defence budget dealt a blow to Army’s modernisation plans?

  India | February 02, 2017 13:03 IST

  Experts believe that the paltry hike in the defence budget has dashed hopes of any major step towards military modernisation this year despite heightened tensions with Pakistan and the increasing military capabilities of China.

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  Budget 2017: Govt plans merger of oil PSUs to create behemoth

  February 02, 2017 9:58 IST

  To compete with global oil biggies like BP and Chevron, the government has said that it was planning to merge some 13 state oil firms to create an energy behemoth.

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  Budget 2017: Financial plan to have positive effect on employment showcase, say experts

  February 01, 2017 19:35 IST

  The Union Budget presented by the Finance Minister Arun Jaitley on Wednesday is widely expected to bring positive impact on job market, experts say. The government's focus on digitatisation, transparency in governance & politics, upliftment

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  Budget 2017: Initiatives like referral bonus, cash-back scheme to boost BHIM adoption

  February 01, 2017 19:00 IST

  In a noteworthy step towards simplifying digital transactions, Finance Minister Arun Jaitley on Wednesday announced two new schemes to boost the adoption of BHIM (Bharat Interface for Money) digital payment app. “Nearly 125 lakh people

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  Twitter goes into humor mode over presentation of Budget 2017

  India | February 01, 2017 18:45 IST

  The annual exercise of the presentation of Union Budget by the Finance Minister has usually proved to evoke a plethora of opinion and views deciphering the announcements and the roadmap that the government presents for

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  Dimple Yadav slams Budget 2017, says it neglects women and farmers

  National | February 01, 2017 18:35 IST

  Dimple Yadav, a Samajwadi Party MP and wife of Uttar Pradesh Chief Minister Akhilesh Yadav, today slammed the Union Budget presented by Finance Minister Arun Jaitley and alleged that it lacked both vision and direction.

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  ‘Was expecting special packages for Bihar’: Nitish Kumar terms Budget 'disappointing' for people

  National | February 01, 2017 17:36 IST

  Bihar Chief Minister Nitish Kumar today termed the Union Budget as ‘disappointing’ for people, particularly the poor, farmers and youths.

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  New law to protect poor from chit fund schemes soon: Jaitley

  February 01, 2017 17:24 IST

  Union Finance Minister Arun Jaitley today said that there is an urgent need to protect the poor from chit fund schemes. In his fourth Budget speech, the minister said that the government will amend the Multi-state Cooperative Act to protect the poor

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  Budget 2017: To promote e-payments, govt removes all taxes on PoS, other machines

  February 02, 2017 10:32 IST

  In an effort to promote cashless transactions as part of a campaign to encourage people to go digital, the government on Wednesday expelled all obligations on gadgets utilized as a part of the procedure of

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  Budget is growth oriented, adheres to fiscal prudence: Suresh Prabhu

  National | February 01, 2017 16:44 IST

  Union Railway Minister today termed as unprecedented the Budget provision of Rs 1.31 lakh crore for railways' capital expenditure.

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  Budget analysis: Read how CEA Subramanian, Amitabh Kant and Vijay Shekhar gauge the Budget

  February 01, 2017 16:46 IST

  The government today invited all out praise from Chief Economic Advisor (CEA) Arvind Subramanian, Niti Aayog Chairman Amitabh Kant and Paytm CEO Vijay Shekhar Sharma for presenting a people friendly Budget.

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  Curb on political funding fulfilment of PM Modi’s promise of transparency: Amit Shah

  National | February 01, 2017 16:19 IST

  BJP president Amit Shah today hailed the Union Budget tabled by the government saying ‘it is aimed at all-round development with sops for the youth, women, farmers, the poor and middle class’.

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  Arun Jaitley hikes India’s defence budget to Rs 2, 74,000 crore

  February 01, 2017 15:21 IST

  Union Finance Minister Arun Jaitley today increased the defence expenditure of the country to Rs 2,74,114 crore excluding pensions for Financial Year 2017-18.

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  Fiscal deficit to be contained at 3.2 pc in FY18: FM Jaitley

  February 01, 2017 14:49 IST

  Adhering to the fiscal consolidation roadmap, Finance Minister Arun Jaitley today said the government will target to bring down the fiscal deficit to 3.2 per cent of the GDP in the fiscal 2017-18.