Encouraging domestic financial savings through focused measures would help mobilise long term resources for funding infrastructure and economic development.
Arguably one of the toughest engineering challenges in hand, the Indian Railways plans to complete the Chenab bridge in Jammu and Kashmir by 2016, making it the world's highest rail bridge.
Railway Minister Suresh Prabhu presented the Railway Budget at the Parliament on Thursday.
The move can help mop up about Rs 1.2 lakh every day for the purpose.
A strong showing will be vital to Narendra Modi's chances of a second term.
Finance Minister Arun Jaitley is likely to slash corporate tax rate by about one per cent and may put an end date for certain exemptions availed by the industry.
Rail Budget showcases a vision to reorganise, restructure and rejuvenate Railways
Boost to dairy sector will generate jobs
It is time to take a few macroeconomic risks to kick start the growth.
The Union Budget 2016-17 has cheered the NBFC sector
In September 2013, FMC was brought under the Finance Ministry.
The allocation was part of the budget 2014-15 presented by Finance Minister Arun Jaitely on Thursday.
The touch-screen BlackBerry Z10 phone, which goes on sale in India from Tuesday, will compete with iPhones and Galaxy series phones.
Petrol price will go up by Rs 3.18 per litre, diesel by Rs 3.09.
The additional amount will be exclusively earmarked for the hospitality and related segments to help them recover to pre-pandemic levels. Presenting the Budget 2022-23 in Parliament, the finance minister said the Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) scheme will be revamped with required infusion of funds.
The capital outlay to cover the modernisation programmes have got a hike of 10.05 per cent.
The divestment department has lined up a host of companies.
The minister of state said the requirement of the ministry was more and resources were limited.
Markets rallied because of huge inflows by overseas investors.
The Budget decides to take the lead in revving up infrastructure.
The government will conduct a spectrum auction this year, which will facilitate the roll-out of 5G services by private telecom operators during the financial year 2022-23, Finance Minister Nirmala Sitharaman said on Tuesday. "Spectrum auctions will be conducted in 2022 to facilitate the roll-out of 5G mobile services within 2022-23 by private telecom providers," Sitharaman said. She said the telecommunications sector in general and 5G, in particular, can enable growth and offer job opportunities.
To begin, the Budget has no doubt attempted to address uncertainty.
Major focus will be on adequately funding existing schemes to ensure their timely completion before the next General Elections.
Overall, the populist/ electoral elements in the budget have remained measured with the finance minister being clearly aware of a higher-than-expected rise in oil prices, less-than-planned tax revenues and the wider deficit for FY 17/18, constraining his margin of maneuver, says Claude Claude Smadja.
The government on Tuesday announced revoking of anti-dumping duties on certain steel products imported from countries including China, a move aimed at containing high prices of metals and promoting domestic manufacturing.
The words that appeared more often in the speech included tax, income, lakh and crore.
Arun Jaitley will aim for jumps in other revenue streams for the government.
The allocation for health ministry for 2017-18 is Rs 47,352.51 crore in comparison to allocation in 2016-17 of Rs 37,061.55 crore.
There is a link between objectives and commitments.
Jaitley began his speech by saying that today is the auspicious day of Basant Panjami and that "spring is the season of optimism".
Budget will get a welcome reception from the international biz.
Budget was a mild disappointment. Yet, the bull run continues.
Jaitley increased the excise duty on most tobacco products by 10-15 per cent.
For the first time in the history of Budget-making in India, a single Budget will touch 65 crore Indians, says Shailesh Haribhakti.
The party said it is "considering opposing" the proposal for taxing the PF corpus in Parliament.
Arun Jaitley presented the Union Budget in Parliament on Saturday.
...for others it would be an incentive to participate more robustly in equities and other tax instruments.
Although the future of Direct Benefits Transfer (DBT) on liquefied petroleum gas (LPG) is uncertain for now, the upcoming vote-on-account is likely to account for about Rs 1,300 crore that was transferred to the bank accounts of customers in the form of subsidy.
Investors and manufacturers have long advocated the GST.
Finance Minister Arun Jaitley underlined that defence of every square inch of our mother land comes before anything else.
