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Union Budget today News

29 Feb 2016

Union Budget 2016 at a glance

Here are the highlights of the Union Budget for 2016-17 (Apr-Mar), presented by Finance Minister Arun Jaitley in the Lok Sabha.

29 Feb 2016

DDT exemption will pave way for REITs launch: Experts

Finance Minister Arun Jaitley's proposed removal of dividend distribution tax has received a thumbs-up from the real estate sector which has been looking for a clarity to launch Real Estate Investment Trusts (REITs) for raising funds.

29 Feb 2016

First home buyers get Rs 50,000 more deduction on interest

Aiming to boost demand in realty sector, the government on Monday proposed an additional Rs 50,000 deduction on interest on loans for first home buyers and tax incentives on development of affordable housing, besides exempting REITs from dividend distribution tax.

29 Feb 2016

No capital gains tax on redemption of gold bonds

In a bid to popularise the ambitious Sovereign Gold Bond scheme, Finance Minister Arun Jaitley on Monday proposed exempting such bonds from capital gains tax on redemption.

29 Feb 2016

Centre to provide Rs 1 lakh per family health cover

The Centre will launch a new health protection scheme under which a cover up to Rs one lakh per family will be provided bedsides opening around 3,000 medical stores across the country to provide quality medicines at affordable prices.

29 Feb 2016

Govt to hike FDI limit in stock exchanges to 15%

The government on Monday said foreign entities would be allowed to own up to 15 percent stake in domestic stock exchanges, a move that would help boost their global competitiveness.

29 Feb 2016

Budget disappoints on fiscal side, rules out rating revision: S&P

Rating agency Standard & Poor's while welcoming the Budget in general has said the proposals on the fiscal side shows only limited progress and has ruled out any changes in its rating outlook on the country in next 2 years.

29 Feb 2016

Budget will accomplish dream of housing for all: PM Modi

Prime Minister Narendra Modi on Monday hailed his Finance Minister Arun Jaitley for the poor-friendly general budget that will also fulfil their dream of owning a house.

29 Feb 2016

Budget is pro-village, pro-poor, pro-farmers: Modi

Prime Minister Narendra Modi on Monday said the Budget is pro-village, poor and farmers with focus on bringing about qualitative change in the country and alleviate poverty through a slew of time-bound programmes.

29 Feb 2016

Budget at a glance: Snapshot of key figures

Here's a quick snapshot of key figures that the FM has announced in his Budget.

29 Feb 2016

Budget 2016: 10 key things you should know

Here are important announcements made by Union Finance Minister Arun Jaitley in his Budget speech 2016-17

29 Feb 2016

Calculate your tax liability with tax calculator

Go through our tax calculator tool and find out your exact tax liability.

29 Feb 2016

Union Budget 2016 Black Money proposal: Undisclosed income declaration allowed by paying 45% tax

While presenting the General Budget 2016-17 in Lok Sabha here today, the Union Finance Minister Arun Jaitley proposed a Scheme to declare undisclosed income by paying 45% tax in a given compliance window.

29 Feb 2016

FM says inflation contained; corpus of Rs 900 crores for Price Stabilisation Fund

The Price Stabilisation Fund has been provided with a corpus of Rs.900 crore to support market interventions.

29 Feb 2016

Arun Jaitley flaunts suave fashion sense at Budget 2016-17

Finance Minister Arun Jaitley, who presented India`s national budget for the next fiscal in the Lok Sabha on Monday, gave every bit of a competition to the fashion savvy Prime Minister Narendra Modi in a suave light blue Nehru jacket.

29 Feb 2016

India pledges billions for farmers in `make-or-break` Budget

India pledged to spend $5.2 billion dollars to double the income of struggling farmers and also boost a rural employment scheme as it unveiled its annual budget on Monday under pressure to balance much-needed spending with fiscal prudence.

29 Feb 2016

Union Budget 2016-17 Live Updates: No change in Income Tax slabs, rent relief increased to Rs 60,000

Jaitley also proposed to increase the limit of deduction of rent paid from Rs 24,000 per annum to Rs 60,000 spelling respite to those who don’t own any house and live in rented accommodation.

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