Quote by Mr. Arijit Basu, MD & CEO, SBI Life Insurance, on Budget 2016 announcements:

Quote by Mr.  Arijit Basu, MD & CEO, SBI Life Insurance, on Budget 2016 announcements: “The Government’s endeavour to educate the common man on the importance of having life security related products like Life Insurance, Health Insurance has continued in this year’s budg…

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Union Budget 2016-17 Highlights.

Union Budget 2016 Highlights. 1. Rs. 35984 crores allotted for agriculture sector. 2. Rs. 17000 crores for irrigation projects. 3. Two new Organic farming scheme for 5 lakh acres. 4. Rs. 19000 crores for Gram Sadak Yojana 5. Rs. 9 Lakh Crores Agriculture Credit Target. 6. Rs. 385…

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The 2016-17 Budget and Your Income Taxes - FundsIndia.com

The 2016-17  Budget and Your Income Taxes By Ms. Bhavana Acharya, FundsIndia.com The Budget 2016-17 , apart from tinkering with taxation rules on retirement products, has not made any changes to tax slabs or / rates. But, for some individuals, there are small changes that can …

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Union Budget 2016-17 will help in reviving Export Sector – A. Sakthivel, Regional Chairman, FIEO Southern Region

Union Budget will help in reviving Export Sector – Dr. A. Sakthivel, Regional Chairman, FIEO Southern Region While  welcoming the broad thrust of  Budget which realizes the issues faced by the exporters in the global markets Dr. A. Sakthivel, FIEO Regional Chairman said that…

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Post Budget 2016-17 Comments of Ashwani Kumar, IBA Chairman & Dena Bank CMD

Post Budget 2016-17 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 o…

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The budget 2016-17 quote of Mr. Parthasarathi Mukherjee, MD & CEO, Lakshmi Vilas Bank.

The budget 2016-17 quote of Mr. Parthasarathi Mukherjee, MD & CEO, Lakshmi Vilas Bank. “View the budget as quite practical and shorn of fancy bells and whistles. The challenge for the government will lie in keeping to the fiscal targets.” Profile : Mr. Parthasarathi Mukhe…

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Post Budget 2016-17 Comments of Mr. Shyam Srinivasan, MD & CEO, Federal Bank

Post Budget Comments of Mr. Shyam Srinivasan, MD & CEO, Federal Bank This is a progressive and forwarding looking budget that focuses on a range of areas that has a direct influence on the health of the economy. The nine pillar approach that sets the priority areas for t…

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Muralishankar Sambasivam, Association of Indian Forging Industry – Budget 2016-17

Mr. Muralishankar Sambasivam, Vice President, Association of Indian Forging Industry (AIFI) “Given the global economic slowdown and the current financial conditions, Mr. Arun Jaitley has presented a budget with long term perspective. ·         Huge outlay for Agriculture and …

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Mahindra & Mahindra Quote on Budget 2016-17

Mahindra & Mahindra Quote on Budget 2016-17 The statement from Dr. Pawan Goenka, Executive Director, M&M Ltd, post the Union Budget. “The Budget places strong emphasis on agriculture, rural economy, infrastructure and social sector.  This is what I was hoping for. Th…

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TATA AIG General Insurance - Post-Budget 2016-17 Reaction

TATA AIG General Insurance | Post-Budget Reaction | Impact of the new health insurance scheme  Appended below is the post-budget reaction quote from TATA AIG General Insurance. Request you to please share it with your respective media.  fIN nd below the post-budget reaction …

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Union budget 2016-17: MIXED BUDGET, EXPENDITURE IN RURAL SEGMENT WILL BOOST THE AUTOMOBILE SEGMENT

MIXED BUDGET, EXPENDITURE IN RURAL SEGMENT WILL BOOST THE AUTOMOBILE SEGMENT No Fleet Modernisation Scheme is Disappointing Mr. Vinod Dasari, President, Society of Indian Autombile Manufacturers (SIAM) said that the Union budget for the fiscal year 2016-17 is a mixed bag for …

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Union Budget 2016 - Reactions from Mr. ArunaGiri, Founder, CEO, TrustLine Holdings

Union Budget 2016 - Reactions from Mr. ArunaGiri, Founder, CEO, TrustLine Holdings The views of Mr. ArunaGiri, Founder, CEO, TrustLine Holdings on the Union Budget 2016 presented today by the Finance Minister. Union Budget : Purpose driven, Execution is the key Broader theme …

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Budget 2016-17 is focused on building ground for the future – Anand Rathi, Chairman – Anand Rathi Financial Services Ltd

Budget is focused on building ground for the future – Anand Rathi, Chairman – Anand Rathi Financial Services Ltd Views of Mr. Anand Rathi, Chairman – Anand Rathi Financial Services Ltd on Union Budget 2016 The UNION BUDGET 2016 presented by the Finance Minister, in my view h…

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Union Budget 2016-17: few negatives...!

Union Budget 2016-17: f ew negatives...! Here are a few negatives... 1. Tax on Dividend Income In an attempt to bridge income inequality a rationale has been formed that persons with higher income can bear higher tax cost. Thus, it is proposed that in addition to Dividend Distr…

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Union Budget 2016-17: Income Tax relief to the common man

Union Budget 2016-17: Income Tax relief to the common man The basic exemption limit was left unchanged although there were expectations that it would increase from Rs. 2.50,000 to Rs 3.00,000 leaving a higher disposable income in the hand of the common man. But in order to l…

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Union Budget 2016-17: Amongst the expectations the only the one which was honoured was..!.

Union Budget 2016-17: Amongst the expectations the only the one which was honoured was..! . Revised deduction under Section 80GG: The deduction under this section was set in the year 1996. The Finance Minister thus proposed to increase the limit of deduction in respect of ren…

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Union Budget 2016-17 : 9 Distinct Pillars..!

Union Budget 2016-17 :  9 Distinct Pillars..! The most awaited event -- the Union Budget 2016-17 was announced in the Parliament today. According to the budget speech, the budget was built on a transformative agenda with nine distinct pillars, namely: 1. Agriculture and Farme…

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Budget 2016-17 : Income Tax on Dividend Income..!

Budget 2016-17 : Income Tax on Dividend Income..! In an attempt to bridge income inequality a rationale has been formed that persons with higher income can bear higher tax cost. Thus, it is proposed that in addition to Dividend Distribution Tax (DDT) paid by the companies, i…

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Reacting to the Union Budget 2016-17, Mr. Hemant Kanoria CMD, Srei Infrastructure Finance Limited

Reacting to the Union Budget 2016-17, Mr. Hemant Kanoria CMD, Srei Infrastructure Finance Limited Mr. Hemant Kanoria Chairman and Managing Director Srei Infrastructure Finance Limited Great Boost For Agriculture, But Tepid For Infrastructure "This is the first budget in deca…

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BUDGET 2016-16 Mr. G. Murlidhar, Managing Director at Kotak Mahindra Old Mutual Life Insurance Ltd.

BUDGET 2016-16 Mr. G. Murlidhar, Managing Director at Kotak Mahindra Old Mutual Life Insurance Ltd. “Based on a preliminary reading of the Budget speech and information available, this appears to be a well-balanced and progressive budget, with the most striking feature being…

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