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pm modi congratulates fm arun jaitley on presenting 'uttam' budget


soon after finance minister arun jaitley presented the union budget 2017, prime minister narendra modi on february 1 congratulated the fm for presenting a “uttam” budget.here’s what he had to say:the fm has presented an ‘uttam’ budget, devoted to strengthening the hands of the poorthe merger of the railway budget with the general budget will give an impetus to the transport sector’s growththe aim of the government is to double the income of farmersthis budget is yet again devoted to the well-being of the villages, farmers and the poorspecial emphasis has been given on women empowerment in the budgetthe housing sector stands to gain immensely from the budgetthe commitment to eliminate corruption and black money is reflected in the budgetthis budget will help small businesses to become compe






fm arun jaitley presents union budget 2017 despite congress protests


as union budget 2017 is tabled by the finance minister arun jaitley, congress leader mallikarjur kharge lashed out at the govt and made remarks on the death of former union minister and indian union muslim league leader e. ahamed.kharge said, “i think govt already knew that he had p ed away, but they were trying to maybe delay announcement.”he also added, “its not march 31, there is a lot of time to present budget. govt can postpone it. in our opinion, including jdu leaders and former pm deve gowda, the budget should be postponed.”you may also likethe former union minister and indian union muslim league leader e. ahamed died of heart attack on 1st february, 2017.






rs one lakh crore for railway safety fund: arun jaitley


new delhi: with railways plagued by repeated derailments, government today proposed setting up of a special safety fund of rs 1 lakh crore that will cover upgradation of tracks and signalling besides elimination of unmanned level crossings. the railway budget, merged with general budget 2017 , also provides for commissioning of new railway lines of 3,500 km will against 2,800 kms in 2016-17. finance minister arun jaitley announced the plan size for the next fiscal for the railways at rs 1,31,000 crore as against rs 1.21 lakh crore last year. he proposed creation of 'rashtriya rail sanraksha h' (national rail safety fund) with a corpus of rs 1 lakh crore. emphasising on safety, the budget proposed elimination of all unmanned level crossings on the broad gauge network by 2020. addressing co






just before union budget 2017 sen , nifty in positive range


as union finance minister arun jaitley is all set to presents the union budget 2017, the 30-scrip sensitive index (sen ) on wednesday opened on a positive note.






lok sabha adjourned for the day after arun jaitley concludes budget speech


by: express web desk | new delhi | updated: february 1, 2017 2:16 pm speaker sumitra mahajan said the house will meet at 11 a.m. on friday. (source: file)the lok sabha was on wednesday adjourned for the day after finance minister arun jaitley concluded his union budget 2017 speech. speaker sumitra mahajan said that the house will meet at 11 am on friday.watch video | changes in personal tax ratesmahajan had earlier said that the house will remain adjourned tomorrow as a mark of respect to former union minister and iuml leader e ahamed, who p ed away early wednesday after suffering a cardiac arrest. the political stalwart from kerala was admitted to the ram manohar lohia hospital after he collapsed during the president’s address in parliament on tuesday.the treasury benches lauded jaitley’






online rail tickets to get cheaper as govt announces s ping of service charge


finance minister arun jaitley on february presented the much-awaited union budget 2017 and erted that service charges on railway tickets booked online through irctc will be withdrawn. he added that online bookings have gone up from 58% to 68% since prime minister narendra modi announced the demoneti ion drive.the finance minister erted that the rail safety fund with corpus of rs 100,000 crore will be created over a period of 5 years adding that a new metro rail policy will be announced which will open up new jobs for the youth.while presenting the budget, the finance minister affirmed that at least 25 stations are expected to be awarded during 2017 . additionally, 500 stations are to be made differently abled-friendly by providing lifts & escalators.you may also likeby 2019, all coache






minor hike for defence, gets about rs 15 lakh more than last year


finance minister arun jaitley on february 1 presented the union budget 2017 and announced that the government has set rs 2.74 lakh crore as a budget for the defence. in the budget 2016, the government had allocated rs 2.58 lakh crore for the defence. jaitley added that this expenditure is excluding the pension.it must be noted that in terms of defence spendings, india ranks 4th in the world. the finance minister, however, did not give a detailed break up of the military spending in his speech. the budget for the defence was much-awaited after a number of jawans recently posted several videos online highlighting the problems they have to undergo at the border and the lack of facilities provided to them.railways got a specific mention in the budget 2017 with the government allocating rs 5500






mamata banerjee calls budget ‘baseless’ and ‘misleading’


by: express web desk | new delhi | updated: february 1, 2017 3:38 pm west bengal chief minister mamata banerjee (file p o)west bengal chief minister mamata banerjee wednesday described the union budget for 2017 as “baseless” and “actionless”. banerjee, whose party trinamool congress has boycotted the first two days of the budget session as a mark of protest against the centre’s demoneti ion drive, added the government did not disclose any figures regarding the note ban.watch video | budget 2017: 5 things you need to understandwatch  video | impact of budget 2017 on real estate sector“a controversial #budget2017 which is clueless, useless, baseless, missionless and actionless. heartless,” banerjee said on twitter soon after arun jaitley concluded his budget speech. “no roadmap for the coun






speaker sumitra mahajan explains why govt went ahead with union budget 2017 desp


amid uncertainty surrounding whether the finance minister arun jaitley will present the union budget 2017 or not, after the death of a sitting mp, e ahamed, the lok speaker sumitra mahajan announced that the budget will be presented as scheduled. she affirmed that all she was saddened by the news of the mp, the budget was a “constitutional obligation”.“we have to keep in mind that budget is a constitutional obligation, will have to be presented,” sumitra mahajan said. while some members of the opposition parties demanded the house to be adjourned sumitra mahajan said that the budget must be presented as it was planned.saddened by #eahamed ji’s demise but #budget will be presented: sumitra mahajan pic.twitter.com/12kpddzza3you may also like— ani (@ani_news) february 1, 2017for the first tim






budget 2017 : ten themes of union budget 2017


new delhi: finance minister arun jaitley listed 10 themes for budget 2017 to convey the overall thrust of his proposals. most of these suggest a cautious approach to economy without taking recourse to populist measures. below are the 10 themes that encapsulate arun jaitley's agenda: 1. farmers, for whom we have committed to double the income in five years. 2. rural population: providing employment and basic infrastructure 3. youth: energising them through education, skills and jobs. 4. poor and the underprivileged: strengthening the systems of social security, health care and affordable housing. 5. infrastructure: for efficiency, productivity and quality of life. 6. financial sector: growth and stability through stronger institutions 7. digital economy: for speed, accountability and trans






bse sen , nifty in positive range


as union finance minister arun jaitley is all set to presents the union budget 2017, the 30-scrip sensitive index (sen ) on wednesday opened on a positive note during the morning session of the trade.the sen of the bse after opening at 27,669.08 points, touched a high of 27,703.20 and a low of 27,645.58 points.the sen is trading at 27,721.45 points up by 65.69 points or 0.24 per cent.you may also likeon the other hand, the broader 51-scrip nifty at national stock exchange (nse) opened at 8,570.35 points after closing at 8,561.30 points.the nifty is trading at 8,564.00 points in the morning.on tuesday the sen closed at 27,655.96 points.earlier the finance minister arun jaitley reached the parliament and a cabinet meeting will be held.






here's how arun jaitley's union budget 2017 would provide a big boost to broadba


finance minister arun jaitley presented the union budget 2017 – 2018 in the parliament today. the finance minister while presenting the budget said that ‘demoneti ion is a bold and decisive measure’ and it ‘seeks to create a new normal where in the gdp would be bigger, cleaner and real’.jaitley said that rural development, poverty alleviation and infrastructure have been kept in the centre stage while preparing the union budget 2017. he further added that ‘transform, energise and clean india’ has been set as the theme for the coming year. this year’s budget focuses on digitising the country and strengthening the country’s digital infrastructure.here are the key takeaways for the electronics and it sector that the fm announced today:you may also like3.5 crore youth will be trained under the






union budget 2017: key announcements for railways


finance minister arun jaitley in the railway budget announced today allocated rs 55000 crore for the railways. major announcement made is the withdrawing of service charge on tickets booked on irctc. total of rs 1,31,000 crore to be spent on railways for the fiscal year.in the budget announced, railways will integrate end to end transport solutions for selected commodities through partnership and a new metro policy will be announced soon. finance minster said that, “by 2019 all coaches of indian railways will be fitted with bio-toilets and by providing lifts and escalators, 500 stations are to be made differently abled-friendly and 25 railway stations are expected to be awarded during 2017-2018.”by 2019 all coaches of indian railways will be fitted with bio-toilets: fm jaitley— ani (@ani_n






union budget 2017: key announcements for railways


finance minister arun jaitley in the railway budget announced today allocated rs 55000 crore for the railways. major announcement made is the withdrawing of service charge on tickets booked on irctc. total of rs 1,31,000 crore to be spent on railways for the fiscal year.in the budget announced, railways will integrate end to end transport solutions for selected commodities through partnership and a new metro policy will be announced soon. finance minster said that, “by 2019 all coaches of indian railways will be fitted with bio-toilets and by providing lifts and escalators, 500 stations are to be made differently abled-friendly and 25 railway stations are expected to be awarded during 2017-2018.”by 2019 all coaches of indian railways will be fitted with bio-toilets: fm jaitley— ani (@ani_n






arun jailtey announces m ive measures to promote digital economy


while presenting the union budget 2017 in the parliament the finance minister arun jaitley erted, india is on the cusp of a m ive digital revolution. he also sketched out many schemes boosting the digital india paign.arun jaitley said, “digigov facilities will be encouraged for education, healthcare and skills to the villages. he also added smart villages are in the making. promotion of #digitaleconomy an integral part of strategy to clean up system and weed out corruption.”he said, our agenda for the next year is transform, energize and clean india – #tecindia.you may also likewhile presenting the budget the finance minister said, bhim app & digitization, curbing illegal deposits, is expected to get a high focus in the coming months.he added, payment regulatory board to be set up unde






union budget 2017: govt bans cash transactions above 3 lakhs


in the union budget 2017 speech, the finance minister arun jaitley announced that the cash transactions above 3 lakh rupees will not be allowed. government announced this measures to curb corruption and black money in the economy.jaitley also said that india is mainly a tax non-compliant economy and it puts pressure on tax payers.“nayi duniya hai, naya daur hai, nayi hai umang, kuchh thay pehle ke tareeke, to kuchh hai aaj ke rang dhang. roshni aake andheron se jo takraai hai, kaale dhan ko bhi badalna pada aaj apna rang, arun jaitley added.”you may also likeearlier while cracking down on funding of political parties, the finance minister arun jaitley erted that the maximum donation that a party can accept as a cash donation is rs 2000. he added that political parties will be entitled to r






ask questions to finance minister using #myquestiontofm


finance minister arun jaitley will be answering the questions by the twitterati regarding the union budget for the year 2017 – 2018 after he presents it in the lok sabha. the finance minister took to twitter to share the message that he would be taking the questions from the twitter users directly via hashtag  #myquestiontofm.in a video message that he shared from the twitter handle of the union finance ministry jaitley said, “i shall be presenting the union budget for 2017 tomorrow. i shall be happy to respond to your questions which you can send directly to me.”the nation is riding high on anticipation before the arun jaitley presents the budget in the parliament today. the analysts believe that the government is likely to go soft in introducing drastic changes in the existing system in






digi-pay to weed out corruption, new schemes on anvil: fm arun jaitley


new delhi: promotion of digital economy will clean up the system, weed out corruption and black money, and the government will soon launch an aadhaar-based payment system to promote digital transactions for people living in hinterlands, finance minister arun jaitley said today. "a merchant enabled aadhaar payment system will be launched shortly. this will specially be beneficial to those who do not have debit cards, mobile wallets or mobile phones," jaitley said while reading out the budget in parliament. promotion of digital economy is an integral part of the government's strategy, jaitley said, adding it has a transformational impact in terms of greater formali ion of the economy and mainstreaming the financial system into the budget system. "this, in turn, is expected to energise priva






no party can accept cash donation more than rs 2000/source


the finance minister arun jaitley on february 1 presented the union budget 2017 and announced that the maximum donation that a party can accept as a cash donation is rs 2000. he added that political parties will be entitled to receive donations by cheque or in the digital mode from their donors.the finance minister announced this decision after observing that political parties continue to receive most funds through anonymous donations.it is for the first time in the history of india, both the union budget and the rail budget have been merged with the general budget. there will be no separate rail budget, this time! this decision to present the budget together was taken with the aim to complete the whole process before the end of this financial year.you may also likejaitley erted that servi






no party can accept cash donation more than rs 2000/source


in a welcome move, the finance minister arun jaitley on february 1 presented the union budget 2017 and announced that the maximum donation that a party can accept as a cash donation is rs 2000. he added that political parties will be entitled to receive donations by cheque or in the digital mode from their donors.the finance minister announced this decision after observing that political parties continue to receive most funds through anonymous donations.it is for the first time in the history of india, both the union budget and the rail budget have been merged with the general budget. there will be no separate rail budget, this time! this decision to present the budget together was taken with the aim to complete the whole process before the end of this financial year.you may also likejaitl






allocation of 10k crore for bharat net welcome step: bsnl md


mumbai: welcoming the announcement of allocation of rs 10,000 crore for bharat net by finance minister arun jaitley in his budget speech, chairman and managing director of state-run telco bharat sanchar nigam limited, anupam shrivastava, said that it will expedite the mission of a digitally connected india. "bsnl takes pride in being an execution partner for the bharat net project and will work cohesively towards its success. it will expedite the mission of a digitally connected bharat," shrivastava said in a tweet. jaitley, while presenting the budget said that by 2017 -end high speed broadband will be more 150,000 gram panchayats via wifi spots. bharat net was rebranded from its name national optic fibre network (nofn) project in april 2015. it aims to cover a total of 2.5 lakh gram pan






income tax rate cut, no changes in excise rates, sen up by over 300 points


12:00 pm (ist)sen pares early gains, investors turn cautious amid budgetstock market turned cautious amid the budget announcements by finance minister arun jaitley with the key indices paring early gains as it, pharma and power shares witnessed selling pressure. the benchmark bse sen opened higher at 27,669.08 and moved in a range of 27,725.16 and 27,590.10 points in morning trade.at 1145 hrs, the sen surrendered the gains to trade lower by 4.45 points, or 0.02 per cent, at 27,651.51 points dragged by losses in it major tcs and infosys.the wider nse nifty had gained 21.90 points, or 0.26 per cent, at 8,583.20 in opening trade.however at 1145 hrs, it fell by 6.65 points, or 0.08 per cent, at 8,554.65 points with 25 constituents led by tcs tech mahindra infosys and idea trading in the negati






globally india now ranks 6th in manufacturing says fm, auto news, et auto


new delhi: after a lot of confusion, the union budget 2017 is finally under its way and talking in parliament finance minister arun jaitley said that india has moved to 6th position worldwide when it comes to manufacturing from 9th position held last year.vimal sumbly, head of triumph motorcycles in india commented “great to hear india ranking number 6 in the world as against 9th place last year.finance minister also said the demoneti ion was a bold move by the govt and will help in creating more gdp which will be clean and corrupt free. govt’s focus will continue on reducing inflation and remove corruption.farmers income will be doubled going forwards and the govt claims over 50,000 gram panchayats will be poverty free by next year.“1 crore household and 50k panchayat out of poverty line.






bhim app being used by 1.25 cr people, will soon get cashbacks & referrals, tech


ndian government will launch two new schemes to promote the usage of bhim (bharat interface for money) app, finance minister arun jaitley announced during his budget 2017 speech.jaitley said the app will feature cashback schemes for individuals and referral discounts for merchants, although he didn't disclose any specific details on these schemes. the app which was launched in december 2016, now has 1.25 crore users, he added.last week, the government had enabled aadhaar support within the app and had stated plans to launch the biometric-based aadhaar pay payment module in the coming weeks.transactions where aadhaar is listed as a payment id on the bhim app would not require any biometric authentication or prior registration with the bank or upi. this move was expected to make the app more






key highlights of arun jaitley's budget 2017


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political funding: now, political parties can accept only rs 2,000 in cash | ind


new delhi: the government on wednesday took an important step to bring about transparency in political funding+ and announced a drastic 90 per cent cut in the limit for cash donations. presenting the union budget 2017+ , finance minister arun jaitley said that political parties can now receive only rs 2000 as donation in cash from one source. for any donation above rs 2,000, parties will have to disclose the identity of the donor, arun jaitley said. this is a sharp drop from the rs 20,000 limit that the political parties were so far allowed to receive as anonymous cash donations. political parties can receive donations in cheque, electronic mode; electoral bonds to be issued by the rbi. jaitley said the government has accepted the election commission's recommendation to bring in transpare






mallikarjun kharge accuses govt of delaying e ahamed’s death announcement, terms


by: express web desk | new delhi | updated: february 1, 2017 1:45 pm congress leader mallikarjun kharge.congress leader mallikarjun kharge wednesday accused the ruling dispen ion of deliberately trying to delay senior parliamentarian e ahamed’s death announcement, suggesting that the nda administration did not want to postpone the union budget. the lok sabha opposition leader also described these allegations as an “inhuman act”.“in our opinion, including jdu leaders and former pm deve gowda, the budget should be postponed,” kharge told reporters ahead of the presentation of union budget. “government already knew that he had p ed away but they were trying to maybe delay announcement,” he alleged.“it is not march 31, there is a lot of time to present the budget. government can postpone it,”






budget leaves telecom industry disappointed


kolkata: mobile phone companies are disappointed that finance minister arun jaitley has large ignored their key demands in budget 2017, especially for not clearing the air on tax treatment of spectrum payments. telcos had expected jaitley to issue a specific budget clarification that spectrum allocated before april 1, 2016, would continue to be governed by section 32 of the income tax act, 1961, and not section 35aba, which would allow telcos to continue capitalising spectrum expenses and claim higher depreciation-related tax benefits. the phone companies wanted jaitley to clarify that section 35aba would not be applicable retrospectively for spectrum allocations before april 2016. “we are disappointed that the economic well being and financial health of the telecom industry has not been






mission to increase digital transactions to 2,500 crore; 20 lakh aadhaar pay mac


new delhi: in what will give a further impetus to digital transactions modules such as aadhaar pay and unified payment interface (upi), finance minister arun jaitley announced setting up of a mission to promote cashless transactions with a target of touching 2,500 crore transactions in the year 2017 . “this will be done through upi, ussd (unstructured supplementary service data), aadhaar pay, credit/debit cards, imps immediate payment service etc.,” said jaitley while presenting the union budget for the 2017 in the parliament on wednesday. he said that the government’s early work on the jam trinity (jan dhan accounts, aadhaar and mobile) has helped the current push for dig transactions. “the launch of the bhim (bharat interface for mobile) app has unleashed the power of mobile phone for d






kerala cm slams centre for presenting union budget, showing disrespect to e aham


by: pti | thiruvananthapuram | updated: february 1, 2017 3:22 pm pm modi pays tribute to e ahamed on wednesday. (source: ani)kerala chief minister pinarayi vijayan on wednesday slammed the centre for presenting the union budget, hours after the death of former union minister e ahmed saying it was “improper, unfortunate and amounted to showing disrespect” to the departed leader. in a statement, the chief minister said it was in the same parliament building that ahamed, a senior sitting member in the lok sabha had collapsed on tuesday. “presenting budget in the same building within hours after his death was totally improper and unfortunate. the centre has gone ahead with the budget presentation, hurting the sentiments of the members of the house,” he said.watch video | budget 2017: 5 things






union budget 2017: tax rate for individual earning of rs 2.5-5 lakh reduced to 5


in a move to make the aam aadmi happy, finance minister arun jaitley on wednesday, proposed to reduce the existing rate of taxation of those with income between 2.5 lakh to 5 lakh from 10 percent to 5 per cent.finance minister while presenting the historic union budget ha said: “i propose to reduce existing rate of taxation of those with income between 2.5 lakh to 5 lakh from 10 pc to 5 pc.”in a sad new for those earning annual income from rs 50 lakh to 1 crore, fm jaitely proposed the surcharge of 10 pc.you may also like“surcharge of 10 pc for those whose annual income is rs 50 lakh to 1 crore,” fm jaitley said while presenting the budget.here are the highlights:committed to making taxation rate reasonable, our tax administration more fair and expand the tax base of the countrypradhan man






want to know what's costly and what's cheap after this budget? here's the list


smokers and tobacco consumers will have to shell out more for their indulgence as finance minister arun jaitley continued with the crackdown on cigarettes and tobacco products by increasing taxes in the budget for 2017 . the finance minister, however, made an attempt to make it more affordable for clean energy sources by cutting duties on solar tempered gl , fuel cell based power generating systems and wind operated energy generator. the following is a list of items that will turn costlier:> cigarettes, pan masala, cigar, cheroots, bidis, chewing tobacco > led lamp components > cashew nuts (roasted and salted) > aluminum ores and concentrates > polymer coated ms tapes used in manufacturing of optical fibres > silver coins and medallions > printed circuit board used in






rs 64,000 crore allotted towards national highways, auto news, et auto


new delhi: in his budget speech finance ministerarun jaitley confirmed that overall in 2014-15 a total of 140,000 kms of roads were built which is higher than the previous three years.he also allocated rs 64,000 crore for the further development of national highways. fm has also allotted 24,1386 crore towards transport and rs 3.9 lakh crore has been allotted towards infrastructure development which is likely to also boost auto sales going forward.sumit sawhney, md, renault india on this told etauto that “boost to national highways, coastal connectivity, and ports another step to bolster last mile connectivity for manufacturing sector and also to aid exports”he added: “infrastructure focus including that on rural road development will lead to faster and more effective mobility solutions, wh






tax rate reduced to 5% on income rs 2.5l-5l


new delhi: stating that india is "largely a non-tax compliant society," finance minister arun jaitley today said the government is putting a rs 3 lakh limit on cash transactions. in addition, the minister gave a significant tax break to those earning between rs 2.5-5 lakhs+ , cutting their tax rates to as low as 5 percent from the earlier 10%. the minister imposed a surcharge of 10 percent for those whose annual income is rs 50 lakh to rs 1 crore. the 15% surcharge on incomes above rs 1 crore will continue. stating that political parties continue to receive most funds through anonymous donation, jaitley announced that the maximum amount of cash donation a political party can receive is rs 2000 from any one source. the minister also said the government plans to extend the basket of financi






funniest twitter reactions on budget 2017


the budget 2017 was quite an event.while the unfortunate demise of veteran parliamentarian e ahamed was deeply saddening, the budget was announced as per its scheduled time despite protests from the opposition. total expenditure of this year’s budget is 21 lakh 47 thousand crore rupees. rs 2.44 was trending as ‘the pradhan mantri mudra yojana’ lending target has been doubled at rs 2.44 lakh crore for 2017.right from the somewhat shaky beginning to the announcement of target of agricultural loans to farmers being set at a record rs 10 lakh crore in 2017, we all were glued to our tv sets as it unfolded. you know who else was watching it closely? yes, twitterati.our ‘twitter journos’ were closely watching and ready with their ammunition of ‘budget jokes’ and they began well before 11 am.its i






railways in budget 2017 highlights: 12 pushes for indian railways in budget 2017


new delhi: for financial year 2017 , the total capital and development expenditure of railways has been pegged at rs. 1,31,000 crore. this includes rs. 55,000 crore provided by the government. budget 2017 proposes several measures to imporve services, infrastructure and amenities. below are 12 measures for the railways in budget 2017: 1. for p enger safety, a rashtriya rail sanraksha h will be created with a corpus of rs. 1 lakh crore over a period of five years. 2. unmanned level crossings on broad gauge lines will be eliminated by 2020. 3. in the next three years, the throughput is proposed to be enhanced by 10%. this will be done through moderni ion and upgradation of identified corridors. 4. railway lines of 3,500 kms will be commissioned in 2017 . during 2017 , at least 25 stations a






jaitley just announced the biggest electoral reform ever. but what is electoral


the narendra modi government’s demoneti ion move banning rs 500 and rs 1000 notes invited praise and brickbats in equal measure. one of the sticking points that critics of demoneti ion used to target the pm’s policy was that the same parameters used to crackdown on tax evaders weren’t being used for funding of political parties. the biggest loophole in the electoral funding procedure is that parties are not obliged to reveal the donations up to rs 20,000 which helped black money to seep in political funding anonymously. however, the government seems to have taken the criticism seriously and decided to crack down on unaccounted electoral corporate funds. his big announcement is that political parties cannot accept more than rs 2000 as cash donation. the next part of the announcement, howeve






india to boost electronics manufacturing by raising m-sips & edf allocation to r


indian government has significantly increased the allocation for incentive schemes like modified special incentive package scheme (m-sips) and electronic development fund (edf) to rs 745 crore in 2017 , as it looks to make the country a global hub for electronics manufacturing.during his budget speech for the year 2017 , finance minister arun jaitley said they have received over 250 investment proposals for electronics manufacturing in the past 2 years, totalling an investment of rs 1.26 lakh crores."we are also creating an ecosystem to make india a global hub for electronics manufacturing. a number of global leaders and mobile manufacturers have set up production facilities in india." he said adding that this is an all-time high allocation for the program.last month, the union cabinet had






top hits and misses for auto industry, auto news, et auto


new delhi: all eyes today were on finance minister arun jaitley’s budget 2017 speech looking for announcements which will provide a boost to the sluggish automotive industry.even though, finance minister did not have much to offer for the automotive industry, however some announcement related to infrastructure and agri-economy will help in increasing the demand.we are listing here some of the hits and misses for the automotive industry in budget 2017.read the full budget 2017 speech herehits1.focus on farm credit positive for tractor and two-wheeler: allocation for rural sector for fiscal year 2018 is record rs 1,87,200 crore, and represents an increase of 24%. this will help improve the much needed sentiment in the rural market.the farm credit target has been raised by rs 1 lakh crore to






budget impact on income tax: budget 2017 impact on your personal income tax: who


here’s who will pay less and who will pay more personal tax following the finance minister’s personal tax proposals in budget 2017. once the fm’s proposals are implemented: 1. a person with taxable income (after deductions such as section 80c etc) of rs 3.5 lakh will pay a tax of rs 2575 as against rs 5150 payable earlier. 2. persons with taxable income over rs 5 lakh up to rs 50 lakh will pay rs 12875 less (including the cess saved), according to ey. 3. however, individuals with taxable income over rs 50 lakh upto rs 1 crore will be paying a flat surcharge of 10% on the total tax payable by them. for example, an individual earning gross total income of rs 60 lakh will pay (after availing tax deductions as umed in the table) rs 1,45,024 additional tax due to the surcharge. as shown in the