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As On 17-Oct-2018
SENSEX
34,779.58
-382.90 (-1.09%)
NIFTY
10,453.05
-131.70 (-1.24%)
EQUITY
    No Companies Visited

Back to news list
  • Aim to work on passage of GST, Bankruptcy Code

    * Indian econ still bright spot despite challenges

    * GDP grew notwithstanding global meltdown

    * India GDP has accelerated to 7.6% now

    * India's external situation is robust

    * Must carry out reforms

    * Must have prudent fisc policy, up domestic demand

    * Pay panel, defence pension to add to spending in FY17

    * FY16, FY17 will be extremely challenging for govt spend

    * Must continue with pace of reforms

    * Must ensure growth does not slow down

    * Must ensure macro-economic stability

    * Strengthened firewalls against global risks

    * Plan spend increased under FY16 revised estimates

    * Risk of global slowdown is mounting

    * Money with govt belongs to people

    * We had to work in unsupported global environment

    * Forex reserves highest ever at $350 bln

    * Foreign exchange reserves are at highest ever level

    * FY16 CAD projected at 1.4% of GDP

    * To make significant changes in FDI policy

    * To incentivise gas exploration

    * Aim to work on passage of GST, Bankruptcy Code

    * FY17 priority to give additional resources to rural areas

    * Need to provide for bank recapitalisation

    * Must prioritise spending in FY17

    * Managed to improve FY16 fincl condition on revenue buoyancy

    * Infra invest to enhance quality of life

    * To have prudent mgmt of govt expenses for fiscal prudence

    * To focus on tax reforms

    * To undertake tax reform to improve compliance

    * To focus on prudent mgmt of govt finance

    * To focus on governance, ease of doing business

    * To focus on infra investment

    * To provide dispute resolution for PPP platform

    * Allotted 90 bln rupees for Swachh Bharat mission

    * Allotted 1.5 bln rupee for land record digitalisation FY17

    * 7.5 mln households gave up LPG subsidy

    * Jaitley sits down, continues Budget speech

    * 1 bln rupees for birth anniversary of Guru Gobind Singh

    * 1 bln rupees for birth anniversary of Deen Dayal Upadhyay

    * Interim provision made for pay panel suggestions execution

    * Committed to fincl requirements of announced econ packages

    * Made interim provision for seventh pay panel

    * To up MSME category turnover cap to 20 mln rupees

    * To drive towards self-sufficiency in hydrocarbon sector

    * Jaitley stands up, continues Budget speech

    FISCAL HEALTH

    * To have fiscal deficit target range

    * FY17 fiscal deficit target at 3.5% of GDP

    * FY16 fiscal deficit pegged at 3.9% of GDP

    * Prudence lies in adhering to fiscal targets

    FY16 REVISED

    * FY16 revenue deficit 2.5% of GDP

    * Ensured development agenda is not compromised

    FY17 ESTIMATES

    * FY17 total expenditure 19.78 trln rupee

    * FY17 total spend at 19.78 trln rupees

    * FY17 non-plan expenditure 14.3 trln rupees

    * FY17 plan expenditure 5.5 trln rupee

    * Total resources to states in FY17 at 996 bln rupees

    * To scrap plan, non-plan expenditure distinction

    * To do away with plan, non-plan classification of spending

    * Plan allocation to stress on rural, infra, social sectors

    Back to news list
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Flash News 17-Oct-2018
  •  ( 15:52) Market snaps 3-day gains  
  •  ( 15:40) Sensex ends below 35,000 mark  
  •  ( 12:20) NBFCs shares tumble  
  •  ( 08:26) CRISIL Q3 consol. PAT up 29.66% at Rs 90.01 cr  
  •  ( 08:25) Hero MotoCorp Q2 PAT down 3.4% at Rs 976 cr  
  •  ( 08:02) Asia shares rally as Wall St bounce relieves  
  •  ( 08:02) Asia shares rally as Wall St bounce relieves  
Show News
17 October 2018 00:00
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