Free Press Journal
  • Arsenal played into Man United’s hands: Wenger

    Manchester: Arsenal manager Arsene Wenger believes that his side played into the hands of Manchester United during their 2-3 defeat in an English Premier League (EPL) contest at Old Trafford here. Sunday’s loss left third placed Arsenal (51 points) five points adrift of league leaders Leicester City and their title ambitions have taken a hit.

  • Budget 2016: First home buyers get Rs 50,000 more deduction on interest

    New Delhi: Aiming to boost demand in realty sector, the government today proposed an additional Rs 50,000 deduction on interest on loans for first home buyers and tax incentives on development of affordable housing, besides exempting REITs from dividend distribution tax.

  • Tax Burden

    Raman dubs budget as pro-people, Cong says it’s directionless

    Raipur: Welcoming the Union budget tabled today in Parliament, Chhattisgarh Chief Minister Raman Singh dubbed it as “common man’s budget”. “It is a common man’s budget as all the priorities have been included to cater to the needs of the ‘aam aadmi’. It is the budget of the farmers, poor and villagers,” Singh said in a statement.

  • Anil Sardana

    Budget 2016 Reactions: Anil Sardana, Tata Power

    Tata Power welcomes the Union budget 2016-2017 and appreciates the government’s balanced effort to maintain Current Account Deficit under a strict disciplined regime.

  • At least 30 dead in Baidoa, Somalia, bombings: governor

    Mogadishu: At least 30 people have been killed in twin bomb attacks claimed by Shebab Islamists in the Somali city of Baidoa, the regional governor said today. “The official number of the dead has reached 30 people – all of them civilians – and 61 others have been wounded, 15 of them seriously,” Abdurashid Abdulahi, governor of Bay region, said. An initial car bomb struck a popular restaurant in a busy part of the regional capital yesterday afternoon, with

  • MHA gets Rs 77,383.12 cr in 2016-17 budget, a 24.56 pc hike

    New Delhi: The Home Ministry has been allocated over Rs 77,000 crore in 2016-17 budget, a steep hike of 24.56 per cent, majority of which have been earmarked for paramilitary forces like CRPF and BSF, responsible for internal security and border guarding duties.

  • Air travel to become expensive

    New Delhi Fliers will have to shell out more with the government proposing a hike of 6 per cent in excise duty on jet fuel but it would not be applicable to the proposed Scheduled Commuter Airlines (SCAs) under the regional connectivity scheme.

  • Budget 2016 Reactions: Mayur Shah, Marathon Group

    We would like to congratulate the Finance Minister in presenting a budget that promises economic growth through digitization, rural and skill development and heavy expenditure on infrastructure.

  • Van Gaal lauds `special talent` Rashford after drubbing Arsenal

    Johannesburg: Manchester United manager Louis van Gaal has lavished praise on Marcus Rashford, describing the young striker as a ‘special talent’ for scoring a stunning brace to lead his side to an emphatic 3-2 win over Arsenal in their Premier League clash.

  • Budget 2016 Reactions: G Murlidhar, Kotak Mahindra Old Mutual Life Insurance

    “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 the fact that fiscal prudence has been maintained without compromising on developmental expenditure. Fiscal deficit being contained at 3.9% for current year and further brought down to 3.5% in the budget, gives a lot of confidence to the market.

  • South Korea appoints top nuclear envoy

    Seoul: South Korea’s Deputy Foreign Minister Kim Hong-kyun was on Monday appointed as the country’s chief envoy handling the North Korean nuclear issue, the ministry said. Kim replaced Hwang Joon-kook as special representative for Korean peninsula peace and security affairs, who serves as Seoul’s top envoy to the now-stalled six-party talks on North Korea’s denuclearisation, Yonhap reported.

  • Book reveals Sharif received money from Bin Laden

    Islamabad: A new book has once again made the claim that Pakistan Prime Minister Nawaz Sharif had received money from former Al Qaeda leader Osama Bin Laden. The book, Khalid Khawaja: Shaheed-i-Aman, is authored by Shamama Khalid, the wife of former ISI operative Khalid Khawaja, reports Dawn. ‘Chief of PML-N Mohammad Nawaz Sharif received funding from Osama Bin Laden, founder of Al-Qaeda, to contest elections against Benazir Bhutto’s led Pakistan People’s Party (PPP) after

  • Rana Kapoor

    Budget 2016 Reactions: Rana Kapoor Yes Bank

    “FY17 Budget has provided a strong growth direction to the Indian economy. The Finance Minister has managed to balance the need to prioritize social sector requirements with economic and business imperatives. The segmented 9-Pillar Approach with well carved out deliverables will ensure execution clarity and focus. By adhering to fiscal deficit aim of 3.5% the Budget creates room for complimentary monetary policy rate cut of 50 bps in the near term and 75-100 bps

  • Budget 2016 Reactions: Anuj Puri, JLL India

    To give him due credit, the Finance Minister has definitely made a concerted attempt to manage expectations with a balanced budget. While three of the real estate sector’s major expectations – increased HRA deduction, removal of DDT from REITs and boost to affordable housing by allowing 100% deduction on profits made by entities constructing them – have been addressed, the Budget offered no financial protection from project delays to home buyers.

  • Jaitley’s Budget has ‘something for everyone’: Yashwant Sinha

    New Delhi: Expressing his satisfaction towards the General Budget presented by Finance Minister Arun Jaitley, senior Bharatiya Janata Party (BJP) leader Yashwant Sinha on Monday dubbed the budget as ‘progressive’ and ‘visionary’, adding that there was ‘something for everyone’ in it.

  • DDT exemption will pave way for REITs launch: Experts

    Mumbai: Finance Minister Arun Jaitley’s proposed removal of dividend distribution tax has received a thumbs-up from the real estate sector which has been looking for a clarity to launch Real Estate Investment Trusts (REITs) for raising funds.

  • Budget 2016

    What did the common man get in Budget 2016

    The Union Budget 2016 seems to have all-inclusive growth for the rural India, with the government introducing more cess and surcharge on the economically stronger population.