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Attacking the government for a provision of a mere Rs 500 (Rs 5 billion).
External commercial borrowings to the extent of USD 1 billion to be allowed for aviation sector for next year.
Government said consultations are on to arrive at consensus on allowing FDI.
The minister wants maximum use of alternative fuel in rail operations.
'Make in India'presents a huge opportunity for jobs.
There is a lot of optimism as regards the defence, railway and manufacturing sectors.
Tax payers will be looking forward to some relief from Finance Minister Pranab Mukherjee who is expected to raise the income tax exemption limit to at least Rs 2 lakh in his budget proposals.
The Budget came in a period when good news was otherwise scarce.
Suresh Prabhu's maiden Railway Budget presentation, peppered with personal references and quotes, turned out to be a smooth affair.
Union Railway Minister Dinesh Trivedi on Wednesday announced a marginal hike in passenger fares.
The government on Tuesday announced Rs 900-crore allocation in the Budget for the newly set up Ministry of Cooperation for the 2022-23 fiscal, besides slashing Alternate Minimum Tax (AMT) on cooperative societies to 15 per cent and surcharge to 7 per cent, which nodal minister Amit Shah hailed saying it will boost the sector. Of the total allocation for the next fiscal, a significant amount of Rs 350 crore has been provided for digitisation of Primary Agriculture Cooperative Societies (PACs), while Rs 274 crore for an umbrella scheme 'Prosperity through Cooperatives' which would have a number of sub-components with the aim of all-round development of cooperatives in the country. For the first time, a separate budget of Rs 11 crore has been provided to Vaikunth Mehta National Institute of Cooperative Management (VAMNICON).
In a live chat on rediff.com to be held on Friday, July 11 at 4 pm, well-known equity specialist Devang Mehta will help you understand what effect the Budget will have on the stock markets -- from how NOT to lose money in the markets to which are the safest stocks.
Finance Minister Nirmala Sitharaman on Tuesday said the securities transaction tax (STT) will be increased on futures and options (F&O) trade from October 1 to discourage retail investors from investing in the risky instrument.
In the midst of third wave of COVID-19, Finance Minister Nirmala Sitharaman has come up with an impactful Budget which is balanced, fiscally prudent and growth-oriented, the USA India Chamber of Commerce has said. President of the Boston-based USA India Chamber of Commerce (USAIC) Karun Rishi, however, said it is a matter of concern that the budget lacks tangible measures to increase revenue generation. "Opting to keep the fiscal deficit at 6.9 per cent and increase capital expenditure by 35 per cent is a masterstroke. "The annual budget estimates the effective capital expenditure of Rs 10.68 lakh crore in 2022-23, making up about 4.1 per cent of the GDP," he said. "A phenomenal increase in the government's capital expenditure is likely to facilitate the expenditures on infrastructure and create jobs.
At the customary post-Budget media interactions, Finance Minister Nirmala Sitharaman and her topmost bureaucrats touched upon a number of issues. The minister said the government taxing income from digital virtual assets did not give them legitimacy and that issue was being dealt separately in the planned cryptocurrency Bill. She also expressed confidence that the Budget targets were achievable.
Mumbai locals will get a swanky look with state-of-the art coaches.
Finance Minister Arun Jaitley on Monday did not change tax slabs but offered a relief of Rs 3,000 to the salaried with income below Rs 5 lakh per year.
'For me, if I want to buy a house to stay, I don't care about indexation because I don't want to sell that house.' 'The only thing that matters to me as a buyer is that the home price should be within my reach.' 'Any market, when speculators and investors go out, it will benefit the middle class.'
Buying had been muted in the past few weeks.
Fiscal consolidation is keenly awaited.
'After the presentation of the Budget, the House will be adjourned.'
At present, workers whose basic wage at the time of joining is up to Rs 6,500 per month.
Shipping: Policy to increase India flagged tonnage soon
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
On the macro front, market participants will closely watch the FY'15 fiscal deficit target
GST will lead to consolidation of multiple indirect taxes
The ministry had spent 82 per cent of that amount till the start of this month.
The amount allocated for 'Tour Expenses' has been fixed at Rs 259 crore.
However, the budget lacked very specific measures detailing how this will be achieved," the statement said.
Pradhan Mantri Jan Dhan Yojana and Make in India -- are not covered here.
Hindi film industry hopes to get some tax relief from the upcoming Budget 2015-16.
FM is likely to raise tax slabs.
Spotlight likely on cement, metals, road cos
The idea is to monitor centrally sponsored schemes, partly funded schemes, loans, programmes and any other endeavour into which funds are pumped.
The day, being a Saturday, may add to trading volumes and volatility
Two out of three times, the market has delivered positive returns.
The biggest focus area turned out to be 'investment'.
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