Union Budget on Monday News

The budget is not likely to "fire" the market or the mood, Citigroup said in a research report, maintaining a positive view on India with an year-end Sensex target of 27,200.

Revenue Secretary Hasmukh Adhia on Tuesday said that Public Provident Fund (PPF) contributions will continue to be tax exempt.

FM Jaitley's Budget announcement certainly has some good news for people earning less than or equal to Rs 5 lakh.

American companies, either having a foothold or planning to set foot in India, are bullish on the latest budget presented by the Modi government, business advocacy group USIBC has said.

For every rupee in the government coffer, 21 paise will come from market borrowing in 2016-17, while 19 paise would be spent towards interest payment.

Praising the Indian Budget, NRI industrialist Lord Swraj Paul on Monday said that it had got its priorities right by focussing on the rural sector and those less well-off.

Currently, capital gains tax is levied on consolidation or merger of multiple plans within a mutual fund (MF) scheme.

The government on Monday allocated about Rs 7,296 crore for two central schemes -- Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and 'Smart Cities' Mission.