Budget 2016

MSMEs hail tax exemption

Micro, Small and Medium Enterprises have welcomed the move to increase the turnover limit under the presumptive taxation scheme to Rs. 2 crore in the Union Budget. The move would bring relief to a large number of assesses in the MSME category, said N. Kanagasabapathy, President, and S. Punniyamoo…

Traders unhappy with budget

The Union Budget 2016-17 failed to impress local industrialists as they were hoping for more announcements to boost up the Micro Small and Medium Enterprises (MSME) sector. Industrialists feel Finance Minister Arun Jaitely had stressed on the agriculture sector and they had been neglected. Anurag…

FM gives Rs 500 crore to support sc/st, women entrepreneurs

Union Finance Minister Arun Jaitley said the government will partner with Dalit Indian Chamber of Commerce and Industry (DICCI) to set up entrepreneurial hubs for entrepreneurs from the backward classes. Jaitley, presenting the Union Budget for 2016-17, said the government proposes to allocate Rs…

Union budget benefit MSMEs in Gujarat

The Union Budget presented by Finance Minister Arun Jaitley on February 29 announced a string of tax sops for India’s first International Financial Services Centre (IFSC) being built at GIFT City at Gandhinagar. Tax benefits announced by the minister “to facilitate setting up of the IFSC in India…

CRISIL | Budget is fiscally prudent, socially redistributive

CRISIL’s Budget analysis: ■ Fiscal math mostly ties up The government has done a fine balancing act and maintained its credibility by sticking to the Fiscal Responsibility and Budget Management (FRBM) target of bringing down fiscal deficit to 3.5% of GDP in fiscal 2017 after having met the 3.9% t…

Prime Minister on Budget 2016

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 …