Free Press Journal
  • Mumbai: Opposition sticks to script, slams Union budget

    Mumbai: Slamming the union budger, Shiv Sena chief Uddhav Thackeray said the demonetisation decision should have been announced in the previous budget. He criticised saying the new announcements mean nothing when previous ones remain unfulfilled. Whereas Chief minister Devendra Fadnavis stated it as path breaking budget.

  • Right on focus, loose on the fiscal math

    In line with our expectations, the Union Budget-2017-18 has focused on active economic stabilisation, given the backdrop of economic slowdown intensified by demonetisation. A large increase of 25.4% in capital expenditure announced by the Finance Minister reflects the government’s intent to reinvigorate the growth cycle. Sectors that have strong backward and forward linkages and the ones that are directly hit by the demonetisation have been given a higher budgetary priority in spending,

  • Union Budget 2017: Reforms, growth boost and tightrope walk

    The macro backdrop to the Union Budget was as follows. An economy which was slowing partly due to global factors, and partly as an immediate impact of demonetisation.  A resurgent and strong dollar globally, and higher interest rates in

  • Top 10 annnouncement by Finance Minister Arun Jaitley during Union Budget 2017

    Finance Minister Arun Jaitley today presented Union Budget in a parliament. which was underlines the importance things and scheme for the Indian economy. Since after 1924, Railways and General budget was combined by Finance Minister. It is the fourth budget that is presented by FM Arun Jaitley, he stated that this will try to accelerate Indian growth engines in the backdrop of demonetisation exercise announced by the government on 8th November, 2016.

  • Post-note ban data will be used to widen tax net: Arun Jaitley

    New Delhi: Finance Minister Arun Jaitley on Wednesday said that India was largely a tax non-compliant society as the direct tax collections were not commensurate with the pattern of India’s income and consumption, and added that the data received post-demonetisation will be used for expanding the tax net.

  • Bhopal: Industry hopes Union budget will undo demonetisation damage

    BHOPAL: Businessmen have big expectations from the union budget, to be presented on Wednesday. They said that the budget should be employment-oriented and must give an impetus to business, coming, as it does, after the demonetisation decision.

  • Bhopal: Cheaper groceries, higher cash flow on budget wish list of women

    BHOPAL: Women have a long wish-list vis-à-vis the Union Budget to be presented on Wednesday. Though the effect of demonetisation is wearing thin but the women are still concerned that their household budgets are soaring and at month end, they are left with little money to spare.

  • Remonetisation to revive economic growth, says CEA

    New Delhi : Confident of economic recovery post demonetisation, Chief Economic Adviser Arvind Subramanian on Tuesday said remonetisation will be completed in a month or two and growth will pick up once the process is over.

  • President lauds note ban, surgical strikes; favours joint polls

    New Delhi : Lauding the demonetisation decision and the surgical strikes across Line of Control (LoC) as “bold” decisions in the interest of the country, President Pranab Mukherjee on Tuesday favoured a constructive debate on simultaneous elections to Lok Sabha and Assemblies and funding of polls to eradicate money power.  The Government, he said, is committed to combating the “grave challenge” of terrorism and to ensure that perpetrators of such acts are brought to

  • Economic Survey Predicts Growth Of 6.75-7.5%

    New Delhi : The Economic Survey tabled in Parliament by Finance Minister Arun Jaitley on Tuesday paints a rosy picture of the Indian economy overcoming “transitional” adverse impact of demonetisation on the GDP (gross domestic product) growth and promises the economy to recover back to 6 ¾ to 7 ½ % in 2017-18. It also talks of the tax cuts to reduce the pain of the demonetisation.

  • Tax sops to soften note ban blow

    New Delhi: Finance Minister Arun Jaitley will on Wednesday present his fourth and perhaps the most challenging Budget that may look to soften blow of currency ban with tax and other sops as he seeks to revive growth.

  • Current account curbs go, ATMs to follow

    New Delhi: The Reserve Bank of India (RBI) on Monday withdrew all limits put on cash withdrawals from bank accounts and ATMs consequent to demonetisation, except the weekly limit of Rs 24,000 on savings bank accounts.

  • Chidambaram says growth wont exceed 6.5 pc next 2 fiscals due

    Hyderabad: Terming demonetisation as “ill-conceived”, former Finance Minister P Chidambaram on Sunday said the economy won’t grow at more than 6 to 6.5 per cent for the next two fiscals due to the damage caused by the move.

  • Kolkata: Cut indirect tax rates, not direct ones, says P Chidambaram

    Kolkata: In view of the “sufferings” of the common people resulting from demonetisation, former Union Finance Minister P. Chidambaram on Saturday suggested that the Centre should cut indirect tax rates to mitigate the hardships people are facing now.

  • Note ban alone not to impact polls, says PC

    Guwahati : Former Union Finance Minister P Chidambaram today said demonetisation alone is unlikely to impact the outcome of forthcoming elections in five states, including Uttar Pradesh and Punjab.

  • Indore: Loan prepayment, over draft payee on I-T radar

    Indore: Those who did not disclose their cash and bank deposits, including those who tried to launder their unaccounted money during demonetisation by making payments of over drafts and prepayment of loans, have come on the radar of Income Tax Department (ITD). ITD has offered an opportunity to come clean by paying income tax just 49.9 per cent under Pradhan Mantri Garib Kalyan Jama Yojna (PMGKJY).