Budget 2016
India unveiled a budget for the poor on Monday, announcing new rural aid schemes and skimping on a bank bailout, in a strategy shift that seeks to boost Prime Minister Narendra Modi's ruling party in coming state elections.
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RBI act being amended to lay groundwork for monetary policy committee #Budget2016by Himank Sharma via twitter 2/29/2016 6:29:10 AM -
1 lac crore disbursed under Mudra scheme for entrepreneurs so far, target raised to 1.8 lac crore for the current year #Budget2016by Himank Sharma via twitter 2/29/2016 6:29:18 AM
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Government's general insurance companies to be listed - Jaitley -
25,000 crore for recapitalization of public sector banks: FM @arunjaitley #VikasKaBudget #Budget201611:56 AM - 29 Feb 2016- Reply
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Automation facilities in 300,000 fair price shops by March - Jaitley
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Registration of companies to be done in a day - Jaitley
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India to amend the Companies Act create an enabling environment for startups #Budget2016by Himank Sharma via twitter 2/29/2016 6:32:07 AM
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State-owned banks shares erase gains after Jaitley announces lower-than-expected capital infusion of 25,000 crore rupees; SBI down 0.4 percent -
Three initiatives for better delivery of public services
#VikasKaBudget #Budget2016 https://t.co/EdhFXvgwVH
12:02 PM - 29 Feb 2016- Reply
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Sensex extends fall to trade more than 160 points lower at 12.03 p.m. while Nifty is down more than 0.7 percent
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Fiscal deficit seen at 3.5 percent of GDP in 2016-17: Jaitley #Budget2016
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2016/17 plan expenditure seen at 5.5 trillion rupees - Jaitley #Budget2016
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Necessary interim provisions made for implementation of 7th Pay Commission recommendations: FM @arunjaitley #VikasKaBudget #Budget201612:08 PM - 29 Feb 2016
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Plan - non-plan classification of expenditure to be done away with from FY 2017-'18: FM @arunjaitley #VikasKaBudget #Budget201612:06 PM - 29 Feb 2016
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Initial sum of 100 crore each for celebrating birth anniversary of #DeenDayalUpodhyaya, Guru Gobind Singh Ji:FM @arunjaitley #VikasKaBudget12:08 PM - 29 Feb 2016
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Coming up: Jaitley's announcements on tax reforms #Budget2016
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Pension withdrawal of up to 40 pct to be made tax free at the time of retirement - Jaitley
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100% deduction for profits of undertakings from housing projects in cities during Jun '16 - Mar '19: FM #VikasKaBudget #Budget201612:21 PM - 29 Feb 2016
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Service tax exempted for housing construction of houses less than 60 sq. m: FM @arunjaitley #VikasKaBudget #Budget201612:23 PM - 29 Feb 2016
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Sensex down more than 380 points at 12.23 p.m. Wipro and Infosys are the worst Sensex performers, falling more than 3 percent each.
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Earlier: 12%, Now on : 15% - surcharge on income tax for those with incomes exceeding 1 crore per annum: FM #VikasKaBudget #Budget201612:24 PM - 29 Feb 2016
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Service tax exemption for construction of affordable housing upto 60 sq. m. under state and central housing schemes: FM #VikasKaBudget12:23 PM - 29 Feb 2016
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Jaitley says to create agriculture cess -
Excise duty on branded ready-made garments - Jaitley
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Proposes to levy infrastructure cess of 1 percent-4 percent on certain model of cars: Jaitley
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Raises excise duty from 10 to 15 percent on tobacco products other than beedis - Jaitley
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#CleanEnergy cess to be renamed to #CleanEnvironment cess, increased from 200 to 400 rs/ton of coal: FM #VikasKaBudget #Budget201612:27 PM - 29 Feb 2016
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Infrastructure cess between 1-4 pct on sale of all cars to fight pollution. There goes the auto sector recovery! #Budget2016by Aditi Shah via twitter 2/29/2016 6:58:21 AM -
Clean energy cess increased from RS. 200/ton to 400/ton on coal, lignite and peat: FM #VikasKaBudget12:27 PM - 29 Feb 2016
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Markets haven't taken FM Jaitley's budget announcements well so far, with the benchmark now trading more than 300 points lower at 12.29 p.m.
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FM Jaitley proposes limited compliance window on undeclared income of domestic tax payers #Budget2016
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Perhaps the first political reaction to budget proposals. This one from the Congress party.12:27 PM - 29 Feb 2016
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Limited tax compliance window from Jun 1 - Sep 30 for declaring undisclosed income at 45% incl. surcharge and penalties: FM #VikasKaBudget12:30 PM - 29 Feb 2016
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Discretionary powers of tax officers reduced - Jaitley
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India will not resort to retrospective taxation in future: Arun Jaitley #Budget2016
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Tax arrears can be paid in lieu of interest liabilities in retrospective taxation cases: FM @arunjaitley #VikasKaBudget #Budget201612:33 PM - 29 Feb 2016
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Penalty to be 50% of tax in income under-reporting cases, 200% in misreporting of facts: FM #VikasKaBudget #Budget201612:34 PM - 29 Feb 2016
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Jaitley has made this a pro-poor budget, but vowed to stick to his deficit target of 3.5 pct/GDP for 2016/17. That doesn't leave much cash to throw around, and the 250 billion rupees to recapitalise state banks is less than expected. -
Additional 1 pct tax on sale of luxury cars costing more than 1 mln rs. So much for Indian car buyers wanting to go upmarket! #Budget2016by Aditi Shah via twitter 2/29/2016 7:06:12 AM
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