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
Assad blocks access to Damascus for EU envoys: diplomats
BRUSSELS Syria's President Bashar al-Assad has revoked special visas for European Union diplomats and officials traveling regularly between Beirut and Damascus, complicating efforts to distribute aid to civil war victims, three senior EU diplomats said.