Union Budget 2017-18: FARMERS

1. Target for agricultural credit in 2017-18 has been fixed at a record level of ` 10 lakh crores.
2.Farmers will also benefit from 60 days’ interest waiver announced on 31 Dec 2016

Union Budget: Key Features of Budget 2017-2018

Key Features of Budget 2017-2018

INTRODUCTION

1. Inflation brought under control. CPI-based inflation declined from 6% in July 2016 to 3.4% in December, 2016.

2. Economy has moved on a high growth path. India’s Current Account Deficit declined from about 1% of GDP last year to 0.3% of GDP in the first half of 2016-17. FDI grew 36% in H1 2016-17

Finance Minister Arun Jaitley Presented Economic Survey 2016-17 in the Parliament

Finance Minister Arun Jaitley Presented Economic Survey 2016-17 in the Parliament

The Indian Economy has sustained a macro-economic environment of relatively lower inflation, fiscal discipline and moderate current account deficit coupled with broadly stable rupee-dollar exchange rate. The Economic Survey 2016-17 presented in the Parliament today by the Union Finance Minister Arun Jaitley states that such a sustenance is despite continuing global sluggishness.

Income Tax Department (ITD) launches Operation "Clean Money"

 Income Tax Department (ITD) launches Operation Clean Money

Income Tax Department (ITD) has initiated Operation Clean Money, today. Initial phase of the operation involves e-verification of large cash deposits made during 9th November to 30th December 2016. Data analytics has been used for comparing the demonetisation data with information in ITD databases

RBI Gives Final License to India Post to Start Payment Bank Operations

RBI Gives Final License to India Post to Start Payment Bank Operations. India Post has received payments bank licence from the Reserve Bank of India to start banking operations payment bank India Post Payment Bank (IPPB).

Miss France Iris Mittenaere wins Miss Universe

France’s Iris Mittenaere was crowned the Miss Universe. Haiti's Raquel Pelissier was placed the first runner-up, while Colombia's Andrea Tovar finished as the second runner-up.

Australian Open: Roger Federer beats Rafael Nadal to win 18th Grand Slam title

Australian Open: Roger Federer beats Rafael Nadal to win 18th Grand Slam title. Roger Federer beat Rafael Nadal from 6-4, 3-6, 6-1, 3-6, 6-3 for a fifth Australian Open title and 18th grand slam success overall.

Sania and Dodig end runner-up at Australian Open

Sania and Dodig end runner-up at Australian Open. Sania and her Croatian partner Ivan Dodig lost the Australian Open mixed doubles final 2-6 4-6 to Abigail Spears and Juan Sebastian Cabal.