On the Budget 2016-17, Prime Minister Narendra Modi said special attention has been paid to agriculture, village infrastructure, healthcare, employment generation and Dalit entrepreneurship. “This Budget is pro-village, pro-poor, pro-farmer. The main focus is on bringing about qualitative change …
Budget 2016 | Key Highlights
Majorfocus on agriculture and farmers’ welfare, Mission to provide LPG connection to poor households, New health protection scheme, increased outlay for infrastructure, 2.87 Lakh crore Grant in Aid to Gram Panchayats and Municipalities. Setting up of 1500 Multi Skill Training Institutes and incen…
A good socio economic budget; will boost exports | S C Ralhan, President, FIEO
FIEO welcomed the measures announced by the Government to improve the socio economic scenario of the nation. FIEO Chief S C Ralhan observed that some of the measures will have good long term impact on the export sector mainly the announcement to set up 1500 multi skilled training institutes and N…
Post Budget Comments of Ashwani Kumar, IBA Chairman & Dena Bank CMD
The budget is well balanced since it gives impetus to long term growth and lays a credible road map of fiscal consolidation. It adheres to fiscal deficit target of 3.5% of GDP and has come out of prudence on the backdrop of global economic conditions with a bundle of tax measures to put private d…
Exporters happy with broad Budget thrust, though wanted specific steps for relief | EEPC India Chairman T S Bhasin
Welcoming the broad thrust of the Budget which realises the headwinds faced by Indian exporters in the global markets, EEPC India Chairman T S Bhasin today said emphasis on rail and road by increased investment along with better port connectivity should help the foreign trade in the long run. Eas…
CarTrade to venture into used-car financing
Auto classifieds site CarTrade wants to make it easier for buyers of used cars to get loans. It’s currently piloting a project to promote institutional financing of such vehicles. “There are 3.5 million used cars sold every year in India, out of which not more than 10% are financed by…
Craftsvilla bets on customisation to drive more traffic to its app
Online ethnic products marketplace Craftsvilla is betting on customisation to drive more traffic to its app launched a year ago. With app-only discounts and a marketing budget close to Rs 30 crore, the marketplace has already been able to double the number of in-app conversions. “Close to 2…
Ratan tata invests in home rental network NestAway
Tata Sons chairman emeritus Ratan Tata has invested an unspecified amount in NestAway Technologies Ltd, the leading home rental network firm said on February 28. “As a pioneer in home rental network, NestAway promotes furnished and managed apartments and provides them at affordable prices t…
SIDBI to raise Rs 10,000 Crore Stand up India fund corpus from RBI
The Small Industries Development Bank of India (SIDBI) will be raising the proposed Rs 10,000-crore corpus for ‘Stand Up India Fund’ from RBI, which will be disbursed to Dalit and women entrepreneurs, a top official said. “We are working to have the corpus in place for the Stand…
Bengal marches ahead with glory in MSME sector | West Bengal Govt
West Bengal Government said that the MSME (Medium, Small and Micro Enterprises) is one of the sectors in the state which has done particularly well. There are about 50,850 MSME units in the State, employing about 5,45,000 people. Chief Minister Mamata Banerjee created the Biswa Bangla brand and s…