Free Press Journal
  • Indore: Focus in budget on cleaning economy

    Indore: Union Budget 2017 is all about government’s positive and committed approach with an object to create a stronger and balanced economy, where special thrust is being given on infrastructure, real estate and farmers.

  • Railway autonomy has been killed, says Bihar CM Nitish Kumar

    Patna: Bihar Chief Minister Nitish Kumar today criticised the Centre for clubbing the Rail Budget with the general Budget saying “it has killed the autonomy of Railways”, the lifeline of the country.

  • Dairy will be a key player in the rural income growth story

    The recently announced Budget 2017 has brought agriculture and dairy farming into the limelight once again. In India, dairy farming is associated with two names – AMUL (promoted by the Gujarat Milk Marketing Federation or GCMMF) and NDDB (National Dairy Development Board), the apex body for the promotion of dairy farming and milk cooperatives in India.

  • Tobacco farmers disappointed by hike in excise on cigarettes

    New Delhi: The livelihood of tobacco farmers has been dealt a blow by the crackdown of the government on cigarettes and tobacco products, which increased tax on the items in the Budget while ignoring their plight, according to FAIFA.

  • Start-ups, FDI to be exempt from new tax on unlisted firms

    New Delhi: Allaying investor fears over levy of long-term capital gains tax on share transfer in unlisted companies, the government today said the move is only to target ‘khoka’ companies and ‘genuine investments’ in start- ups and through FDI will be exempt.

  • Bhopal: Business won’t pick up till more cash gets into circulation

    BHOPAL: While the businessmen are happy over the provisions in the union budget presented on Wednesday but they are disappointed that the government is yet to remove the Rs 24,000 weekly cap on withdrawals from ATMs. They say that unless enough cash is pumped into the economy, their businesses will not pick up.

  • Union budget 2017: Need more resources for the real economy

    Mumbai: Before the budget, there were huge expectations that the banking sector could be a major beneficiary of the demonetisation exercise.  It was believed that the cash which did not come back to banks could help banks recapitalise themselves. But with the government providing just Rs 10, 000 crore for banks during FY18, the Public Sector Undertaking (PSU) banks have cause to be disappointed. This was one of the issues that were taken up on

  • Indore: Finance Minister gives elixir to bedridden real estate sector in budget

    Indore: Union Budget presented by finance minister Aurn Jaitely on Wednesday in Lok Sabha is proving to be an elixir for real estate sector, which was the worst affected due to demonetisation move of the Centre. Experts are of the opinion that measures announced in the budget would not only boost growth to one of important components of the GDP but would help in fulfilling dream of having one’s own affordable house.

  • Indore: Announcements are good but implementation may take many years

    Indore: The Union Budget may bring relief as well as disappointment to many though the government has tried to woo people from all walks of life, especially the middle class. In his budget presentation, finance minister Arun Jaitley had announced to increase 5000 post graduate seats in medical colleges across the country and to set up AIIMS in Gujarat and Jharkhand.

  • Rail budget

    Tough to fathom why no separate rail budget

    It is hard to comprehend why the rail budget was merged with the general budget this time around and this practice would be followed henceforth. Surely, there must have been conventional logic in the time-honoured convention of having a separate rail budget, which has been given the go-by. One explanation given is that unlike British times when railways accounted for 85 per cent of the country’s budgetary allocation, now it is a mere 15

  • Facade of ‘pro-poor’ budget

    The 2017 budget can be described as an attempt by the Modi government to project itself as a regime which is for the poor and one which will not make life easy for the rich. But that may be a facade because like all political parties which come to power, big business houses and industrialists always fund the establishment – whether this is discernible or not. And the demonetisation drive killed more than 100

  • Sensex hovers at 4-month high on Budget rally

    Mumbai: The Budget rally entered the second day on Thursday after the Sensex closed at nearly a 4-month high of 28,227, underpinned by healthcare and IT stocks amid mixed global shares.

  • Mumbai: Thane, Borivali, Bandra, and, Mumbai Central stations to undergo makeover

    Mumbai: As Railways Budget, and, Union Budget was presented on Wednesday by Arun Jaitley in Parliament. FM Jaitley had announced that renowned 25 stations in India, in which 5 stations of Mumbai were included in the budget. The  five station are Mumbai Central, Bandra, Borivali, Lokmanya Tilak Terminus, and, Thane got renowned soon, the work will be started within a week said Railways officials.

  • Union Budget 2017 analysis: Private firms run by family trust upset with Budget

    As per the Section 115BBDA, income by way of dividend in excess of Rs 10 lakh is chargeable at the rate of 10% for individuals, Hindu Undivided Family (HUF) or partnership firms, promoters holding shares through private trusts will have to pay 10% tax on dividend income for more than Rs 10 lakh and form here on this rule will also apply for private trusts. This will have an impact on succession planning of

  • Bhopal: Bizmen react with cautious optimism

    BHOPAL: The Union budget has evoked mixed reaction in the business and trading sectors. While welcoming the tax benefits for the SMEs, the businessmen said that with GST being implemented from April 1, the rates of essential commodities will largely depend on it.