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Indian Union Budget 2017-18 News
Indian Union Budget 2017-18

Electoral bonds: Governments need to clarify on a few matters urgently
Wed, Mar 22, 2017
Rucha Ranadive ,Associate Economist, Care Ratings said, "This move is expected to bring in better political funding pattern and transparency in transactions. However, there is a possibility that the identity of the donor will be revealed that won’t serve the purpose and will be similar to direct donation to the party."
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Cheaper interest rates fail to spur home loans demand
Mon, Mar 20, 2017
In the first week of January, State Bank of India (SBI) took the lead by making 90 basis point revision in home loan rates. It was soon followed by other public and private banks where rate cuts in the range of 10 basis points to 90 basis points were undertaken.
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Demonetisation likely to be credit positive for India, Moody's says
Wed, Mar 01, 2017
Progress on the pending Goods and Services Tax (GST) reform and Finance Minister Arun Jaitley's 2017 budget speech to parliament both underscore the government's commitment to reform in the wake of demonetisation.
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Reliance Infra expects defence to become its leading business vertical
Tue, Feb 28, 2017
Reliance Infra said, “The company is committed to develop a robust defence business contributing significantly to the national security and to be self-reliant in defence segment. It is confident in becoming one of the leading defence companies in India.”
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Demonetisation may lead to lower growth for cement sector, report says
Tue, Feb 28, 2017
Analysts at India Ratings said, “The operating profitability of cement manufacturers in FY18 to be around the FY16 and estimated FY17 levels, due to stable demand growth, despite increase in input costs. Demand will be backed by an increase in government expenditure.”
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Bharat Electronics OFS is oversubscribed by 234% on day one
Wed, Feb 22, 2017
Bharat Electronics Limited's (BEL) Offer for Sale (OFS) is oversubscribed by 2.34 times. Institutional Investors on Tuesday bid around 2.09 crore equity shares, subscribing by 234% against 89.34 lakh equity shares offered.
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CPSE IPOs within 22 weeks of govt nod
Sun, Feb 19, 2017
Within two weeks of the Budget announcement of listing all profitable central public sector enterprises, the Department of Investment and Public Asset Management (DIPAM) has issued guidelines detailing the mechanism and procedure for time-bound listing of CPSEs on Stock Exchanges.
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FPIs pour Rs 9,500 crore in capital markets in Feb so far
Sun, Feb 19, 2017
The latest inflow followed a net pullout of Rs 80,310 crore from equity and debt together in the past four months (October-January). Prior to that, FPIs had invested over Rs 20,000 crore in the capital market in September 2016.
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Government may soon divest 10% stake in Coal India
Mon, Feb 13, 2017
If it sells the stake to trim its holding to 69%, it could raise up to Rs 20,000 crore, a report by the Economic Times said. "...a move that will help it earn about Rs 20,000 crore at today’s prices and reduce its stake to 69%," it noted.
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People funding must to ensure party-based democracy: Chidambaram
Mon, Feb 13, 2017
"Political party is not a commercial venture. Please remember in a democracy, it is the people who must fund the political parties. If you want a party-based democracy, political parties must be funded by people," he said here while responding to a question on why political parties are exempted from paying income tax.
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Govt may rework indirect tax maths mid-way after GST entry
Sun, Feb 12, 2017
GST collections so made are then to be split equally between the Centre and states. But since there are no reliable estimates of combined VAT collections of states, Jaitley could not project the Centre's revenue from GST in 2017-18.
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India's January M&A and PE activity jumps 55%
Sun, Feb 12, 2017
"January witnessed around 125 transactions contributing over US$3 bn, which is a 55 per cent increase in values over the same month last year," Prashant Mehra, Partner at Grant Thornton India, was quoted as saying in a statement.
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UBI will be set in motion over next 1 year, hopes Jaitley
Sun, Feb 12, 2017
Let's hope, by the time he publishes his next Survey, at least in some part of the country, his idea of the UBI gets experimented and therefore we start thinking on steps which overnight, at least where it is experimented, can bring poverty rates down. I think that will help us in reaching the destination 30 years from now," Jaitley said.
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BHIM app now available on iOS platform
Sat, Feb 11, 2017
Finally iOS users can now send and receive money via BHIM app. They just have to download the app through App Store by searching ‘BHIM NPCI app’ . After installing, the icon will appear on your iPhone. However, BHIM does not work on the non-cellular iPAD’s.
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RBI's Acharya says NPA problem require significant recapitalisation of banks
Wed, Feb 08, 2017
Acharya added, "There is a need for speedy and efficient resolution of stressed assets as it probably could help in restoring the utilisation capacity in this sector while further creating healthy investment in the system and at the same time would also support banks to again start lending in the same sectors again."
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Monetary Policy: RBI expects GVA growth at 7.4%, CPI Inflation at 5% by FY18
Wed, Feb 08, 2017
While maintaining a status quo on its sixth bi-monthly monetary policy, the Reserve Bank of India (RBI) pointed out on economic factors like Gross Value Added (GVA) growth and Consumer Price Index (CPI) or Retail Inflation growth for the coming fiscal year (FY18).
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Budget raises India's capital market ambitions
Mon, Feb 06, 2017
The government intends to raise Rs 110 billion from the listing of state-owned insurance companies, Rs 465 billion from the sale of stakes in state-owned companies on local stock exchanges and Rs 150 billion from strategic sales in 2017-18.
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