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Budget 2017

Commerce Ministry to boost leather manufacturing, exports

Following up on the Budget announcement, the Commerce and Industry Ministry has got down to preparing a draft scheme for the leather and footwear segment -- on the lines of textiles -- to boost manufacturing, exports and job creation,...

Budget 2017: FMCG players expect the Govt to enhance rural spending, rip taxes

Government's move to enhance rural spending through welfare schemes like MGNREGA and reduction in tax rate on basic income slab would help drive demand for products, say leading FMCG firms. PTI quoted Managing Director, Godrej Consumer Products Ltd (GCPL), Vivek...

Budget 2017 has given a push to manufacturing, export infrastructure: Nirmala

The Budget 2017-18 has provided an impetus to manufacturing, export infrastructure and government e-marketplace, Commerce and Industry Minister, Nirmala Sitharaman said. She said that Finance Minister Arun Jaitley has announced several measures for the ministry. The Budget "provides renewed impetus to manufacturing...

Retail bigshots laud 'digital economy' Budget, but say lack of details on GST disappointing

The Union Budget 2017 was presented in the Parliament by Finance Minister Arun Jaitley on February 1. While the Budget is clearly strong on macro-economic intent - as is evident from the FM’s focus on agricultural growth, rural development, up-skilling...

Budget 2017 to help jewellery sector get back lost sheen

Taking a stance of 'no news is good news' jewellers on Thursday hailed the Union Budget, saying the focus on digitization is going to give an impetus to the sector and drive consumption. "Focus on farmers, infrastructure and digital economy will...

Budget 2017: Rs 1,555 cr will greatly benefit garment exports, says Smriti Irani

Union Minister Smriti Irani on Thursday said the Rs. 1,555 crore outlay in the Budget for remission of state levies will 'greatly benefit' exports in the garments and made-ups segment of textiles. Putting out a series of tweets, Irani said she...

Walmart India's Krish Iyer says Budget 2017 a game changer

While the Union Budget 2017 got different responses from retailers all over India, here is what Walmart India President & CEO, Krish Iyer had to say: The Union Budget 2017 is a game changer and continues to rightly focus on...

Budget 2017 must bring slew of growth propelling policy measures to revive demand, re-fuel industrial activity

I appreciate the dynamic economic vision of the Government in the promotion of growth and development of the Indian economy. The focus on financial reforms, infrastructure build-up, industrial development, growth of MSMEs and agriculture reforms is highly encouraging. The financial...

Budget 2017: What food industry biggies want this year

The Union Budget 2017 is almost upon us. Even as the food industry grapples with the effects of demonetization, they hope for sops and incentives that will make up for the losses they incurred post the note ban. Here is a wish list...

Budget expectations: Women seek cheaper essential goods

Tax relief on essential commodities and services, and maternal and medical benefits are some of the expectations of women from Finance Minister Arun Jaitley, who is set to unveil the budget for fiscal 2017-18 on February 1. Women, both those...
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RBI permits UPI transactions via prepaid payment instruments using third-party apps

A PPI issuer, in its capacity as a payment system provider, should not oonboardcustomers of any bank or any...
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