Diabytes
Budget 2017 India Union Budget 2017 News
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The 30-share BSE Sensex zoomed 2,314.84 points or 5 per cent to finish at 48,600.61.
The broader NSE Nifty soared 646.60 points or 4.74 per cent to finish at 14,281.20.
Only three index components closed in the red -- Dr Reddy's, Tech Mahindra and HUL, shedding up to 3.70 per cent.
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Finance Minister Nirmala Sitharaman said that the government will launch a Rs 3,05,984 crore over 5 years to bring in reforms to the power sector in the country.
Sitharaman also pointed towards the monopolies of distribution companies across the country and proposed to put in place a competitive framework.
The Finance minister also announced the Hydrogen Energy Mission 2021-22 for generating hydrogen from green sources.
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The government looks to spend Rs 1.97 lakh crore on various PLI schemes over the next 5 years, says FM Sitharaman.
A scheme of Mega Investments Textile Park will be launched in addition to the PLI Scheme which will create world-class infrastructure with plug and play facilities to enable global champions in exports, said Union Finance Minister Nirmala Sitharaman.
In November, the government announced a mega PLI scheme for 10 sectors, including advanced chemistry cell battery, electronic products, automobiles and auto components, pharma, telecom and networking products, textile, food products, white goods and speciality steel.
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Budget Presentation at 11 am.
Budget to go paperless this time.
Budget session will be held in two phases Jan 29 to Feb 15 and March 8 to April 8.
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The sanitaryware industry is seeking rationalisation of tax rates on bathroom fittings.
Union budget should pave the way for the GST Council to consider a reduction of Goods and Services Tax rate to five per cent.
Currently, the GST for sanitaryware is at 18 per cent.
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India's economy is on its path of recovery after the vaccination drive, suggests a poll.
The poll of over 50 economists showed the economy would grow 9.5% next fiscal year.
The poll predicted the economy would grow 21.1%, 9.1%, 5.9% and 5.5% in each quarter of the 2021/22 fiscal year.
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Finance Minister Arun Jaitley's focus on agriculture, rural employment and infrastructure in his Budget for 2017-18 shows Narendra Modi government's ability to balance growth with prudence, billionaire Gautam Adani said on Thursday.
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American industry bodies have lauded the Budget, saying Finance Minister Arun Jaitley has done an "admirable job" in creating a vision that will propel the domestic economy while remaining cognizant about foreign investors eying the Indian market.
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Here's how you can pay less tax this year following the FM's announcement.
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Here are top 10 announcements made by the Finance Minister in his Budget speech.
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In a move to push digital payments, the government on Wednesday removed all duties on devices used in the process of cashless transactions like point of sales machines, finger print readers etc.
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Continuing with government steps to clamp down on black money, Finance Minister Arun Jaitley on Wednesday proposed to ban all cash transactions above Rs 3 lakh beginning April 1, 2017.
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Giving railway commuters a reason to smile and enjoy their journey, Union Finance Minister Arun Jaitley on Wednesday announced that no service charge will be levied on tickets booked through the IRCTC website.
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From poverty free Panchayats to 100 per cent electrification of villages by May 2019 and majorly hiking the MNREGA fund, Union Finance Minister Arun Jaitley on Wednesday focused on rural India.
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The government will infuse Rs 10,000 crore in public sector banks in the next fiscal and more will be provided if required, Finance Minister Arun Jaitley said on Wednesday.
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In his budget announcement, Finance Minister Arun Jaitley said the government will launch referral bonus scheme, cash back scheme to popularise BHIM app.
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Finance Minister Arun Jaitley announced that senior citizens will have Aadhaar-based health card.
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Finance Minister Arun Jaitley on Wednesday said that the drop in economic activity due to demonetisation was only transient and its effect would not spill over to the next financial year.
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Finance Minister Arun Jaitley on Wednesday said Indian Railways` autonomy would be maintained even after its budget was merged with the Union Budget 2017-18.
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Highlights of the Union budget for 2017-18 presented by Finance Minister Arun Jaitley in parliament on Wednesday:
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