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01 February, 2017

12:41 FM ends Budget speech

12:38 Net positive impact of loss from direct tax measures and indirect tax gains pegged at Rs 19,610 cr, says FM

12:35 Non residents without PAN are subject to higher TDS, if they provide an alternative document this shall not apply

12:31 One-time scheme to dispute resolution for retrospective taxation cases, if they take back their appeals and pay principal penalty amount i.e., interest and surcharge waived

12:30 New dispute resolution scheme for taxation

12:27 Limited period compliance window for those with historical undisclosed income, subject to conditions

12:26 Clean energy cess on coal raised

12:25 Infrastructure cess on certain automobiles

12:24 10 per cent dividend distribution tax for those earnings over Rs 10 lakh through such dividends, in addition to DDT imposed on those making the payment

12:23 Surcharge raised for those earning over Rs 1 cr

12:20 Additional interest deduction for housing loan borrowers for properties worth up to Rs 50 lakh to boost affordable housing

12:19 Withdrawal of up to 40 per cent of corpus made tax exempt for NPS

12:16 Long term capital gains taxation period for unlisted firms reduced from 3 to 2 years

12:13 No capital gains for AIFs for investment in startups

12:12 Corporation tax proposal- first phase, new manufacturing cos incorporated on or after March 31, 2016, given an option of being charged 25 per cent besides surcharge

12:11 Tax relief for MSMEs 

12:10 HRA allowance raised from Rs 24,000 to Rs 60,000 per annum

12:09 Tax rebate for small taxpayers

12:08 FM turns to tax reforms now

12:07 Committee to review and improve FRBM Act

12:03 Fiscal deficit target for 2016-17 retained at 3.5 per cent of GDP

11:58 Massive ATM, micro ATM rollout envisaged in post offices

11:57 Rs 25,000 cr allocated for bank recapitalisation

11:56 Comprehensive scheme to tackle fraudulent collective investment schemes

11:55 SEBI to bring new derivatives products

11:54 To deepen corporate bond market

11:52 Bankruptcy code to be introduced in Parliament in 2016-17

11:51 100 per cent FDI through FIPB route for marketing food products manufactured and marketed in India to support food processing industry

11:50 Duty drawback scheme to include more products

11:45 To incentivise gas production from deep sea and ultra deep sea water

11:45 To develop 10 of 25 non-functional air strips

11:44 Open up passenger road transport further

11:43 Total of Rs 97,000 cr to be spent on roads (including rural roads) in 2016-17

11:41 Rs 55,000 cr allocated for roads and highways, topped up by what NHAI raises through bonds

11:40 Model shops and establishment bill to allow shops to be open all/late night

11:39 100 model career centres by end of 2016-17

11:36 Digital depository of education documents

11:35 Higher education financing agency with initial capital of Rs 1,000 cr

11:32 Dialysis services to get incentives

11:30 New health protection scheme worth Rs 1 lakh/ family, households with senior citizens to get additional Rs 30,000 per family

11:29 LPG connection for poor women, allocation of Rs 2,000 cr 

11:27 Rs 87,765 cr allocated for rural development as a whole

11:26 New digital literacy scheme to cover more rural people

11:25 Rs 9,000 cr provided for Clean India/ Swachh Bharat programme

11:23 Rs 38,500 cr allocated for MGNREGA

11:19 Rs 15,000 cr allocated for interest subvention in agriculture

11:17 Rs 27,000 cr to be spent on village road project in 2016-17, including money to be pitched in by the respective states

11:15 Total allocation for agriculture set at Rs 35,984 cr

11:13 Dedicated long term irrigation fund with initial corpus of Rs 20,000 cr

11:11 Public listing of general insurance firms 

11:10 Statutory backing for Aadhaar platform

11:08 2016-17 to be challenging for fiscal management

11:07 Consumer inflation under control despite two consecutive years of poor monsoon

11:06 Indian economy held its ground despite global headwinds

11:05 FM starts Budget speech

10:32 As Leonardo DiCaprio wins Oscar for best actor, now it is up to Arun Jaitley to show if he can emerge after the ‘bear mauling’  

10:21 Glance at who stood to give Budget speech through the years 

10:20 In case you missed it, here’s a peek at the Budget wishlist of angel investors and incubators

10:19 In case you missed it, here’s a peek at the Budget wishlist of angel investors and incubators

10:18 In case you missed it, here’s a peek at the Budget wishlist of tech startups

10:17 In case you missed it, here’s a peek at the Budget wishlist of healthcare firms

10:16 In case you missed it, here’s a peek at the Budget wishlist of consumer goods and service companies

10:15 In case you missed it, here’s a peek at the Budget wishlist of PE, VC funds

10:00 Arun Jaitley would stand up for the budget speech in an hour even as murmur grows that this may be the last time he does so

9:50 The key number to watch out for in Budget speech: fiscal deficit target for 2016-17: will it be retained at 3.5 per cent of GDP or will the government relax it closer to the 3.7 per cent level?

9:15 Markets give up early gains and almost flat as trading gathers pace

9:00 Markets open in the green. Sensex up 0.36 per cent soon after opening bell, Nifty up 0.29 per cent

8:50 Finance minister Arun Jaitley and minister of state for finance Jayant Sinha reach North Block for Union Budget


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