The biggest focus area turned out to be 'investment'.
India's budget for 2015/16 highlighted the government's commitment to keeping the fiscal deficit low.
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.
For growth in export, continuous gain in productivity is essential.
Total subsidy bill could come down to around Rs 2 trillion.
Opposition calls the Budget 'hollow and plain'.
A revival in the sector is still 12-18 months away: Experts
'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.'
Many imported things became costlier as Finance Minister Arun Jaitley on Thursday hiked customs duties on these products in the Union Budget 2018-19.
The Budget and related appropriation bills were passed by the Lok Sabha on Monday.
Finance Minister Arun Jaitley presented the Union Budget.
Congress leader and ex-finance minister P Chidambaram on Tuesday said the Union Budget was the "most capitalist" with nothing for the poor and farmers while sops were being provided to big industrialists turning India into a very "unequal country". At a press conference after Union Finance Minister Nirmala Sitharaman unveiled a Rs 39.45 lakh crore Budget, he said because of the ruling party's "brute majority" the Lok Sabha pass the Budget but people will reject it. He claimed the Bharatiya Janata Party was going to elections, scheduled in five states, not with their performance or with the promises and assurances to the people, but solely "with the agenda of dividing the country and bringing Hindutva back to power".
To keep investors' confidence, however, Modi's government will need to be seen containing the fiscal deficit, while also increasing spending in key areas of the slowing economy.
Exports dipped for the 14th month in a row.
Metal sector is not too happy from Budget announcements for the sector
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The government will have to get projects moving.
The focus of the Union Budget is on providing basic amenities to the poor, middle class and youth, Prime Minister Narendra Modi said on Wednesday, and asserted that it is imperative that India becomes self-reliant.
Finance Minister Arun Jaitley announced several reforms.
Railway Minister Sadanand Gowda presented the Railway Budget for 2014-15 on Tuesday.
Budget 2015 has blessed the banking sector.
Excise duties on mobile phones to be 1% without CENVAT credit or 6% with CENVAT credit. This provision will have marginal impact on telcos.
The first voice by the new government clearly indicates growth and fiscal consolidation and that tells we are in a bull run for a long time.
A move to extend visas on arrival facility to 150 countries and make world heritage sites more tourist friendly has been welcomed.
The government will formulate a strategy to make India self-reliant in edible oils by boosting domestic output of oilseeds and launch a comprehensive programme to support dairy farmers, Finance Minister Nirmala Sitharaman announced on Thursday. India imports a large quantity of edible oils to meet the domestic demand. During the 2022-23 marketing year (November-October), the country imported nearly 165 lakh tonnes of cooking oils, valuing a whopping Rs 1.38 lakh crore.
The Budget has stuck to annual increases in agri credit targets.
Railway Budget will be presented on February 26.
The maiden Railway Budget of the Narendra Modi-led NDA government seems to have not gone down well with the suburban commuters as it does not offer anything new to them, commuters associations in Mumbai said.
Nomura expects the fiscal deficit target of 3.5 per cent for 2016-17 to be met and to be consolidated further to 3 per cent of GDP in 2017-18.
Market hopes govt will hike capital expenditure.
PAN could be used by the probe agencies.
Budget could well determine if Achche Din will materialise
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
In the Union Budget presented in Parliament by Finance Minister Nirmala Sitharaman, a total of Rs 1,52,369 crore has been set aside for capital expenditure that includes purchasing new weapons, aircraft, warships and other military hardware.
Reeling under a series of derailments, the Budget is likely to announce creation of a separate safety fund of about Rs 1 lakh crore over the next five years.
The main responsibility for producing the Budget rests with the Budget Division of the Department of Economic Affairs in the finance ministry
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