Ringing Bells starts refunding money to customers


Noida-based Ringing Bells, which has promised to sell smartphones for Rs 251 apiece, has started refunding money to customers due to negative speculation around its claim.

“There was a lot of negativity around us so we have decided to take money from customers only after delivering phones to them. We are refunding money to those who have paid for booking the phones and giving them an option of cash on delivery,” Ringing Bells Director Mohit Goel said.

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Union Budget 2016 Highlights and Takeaways from FM Arun Jaitley’s Speech

— GDP growth at 7.6% despite slowdown in global economy from 3.4% to 3.1%. CPI inflation down to 5.4%
— CAD from $18.4 billion in first half of last year to $14.4 billion this year
— To double income of farmers by 2022, sets aside Rs 35,984 crore for the purpose; to bring 28.5 lakh hectare under irrigation at a cost of Rs 17,000 crore
— Only 46% of 141 hectares of net cultivable area is irrigated, target to bring 28.5 lakh ha under irrgation, at Rs 17,000 cr next year
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FM Arun Jaitley unveils pro-poor Budget 2016-2017; pledges reforms

Finance Minister Arun Jaitley unveiled a Budget for the poor on Monday, announcing new rural aid and health programmes in a strategy shift that could boost his ruling Bharatiya Janata Party (BJP) in coming state elections.
Presenting his third Budget, Jaitley described Asia’s third-largest economy as a bright spot in a gloomy global landscape but said the government wanted to ensure that the benefits of growth are more widely shared among India’s 1.3 billion people.

Budget 2016: Modi, Jaitley have a tough balancing act to do amid worries over growth, reforms


Finance Minister Arun Jaitley is set to present India’s national budget for the next fiscal on Monday amid worries over the country’s stagnating growth rate, government finances and direction of reforms.

Will his proposals ease the fiscal burden of average citizens, notably individual tax payers, as also of the corporate sector is the question that comes to the forefront.

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Live Blog: FM Jaitley to present Union Budget 2016


Budget 2016 countdown has begun and all eyes are yet again on Finance Minister Arun Jaitley with many more expectations. One of the major announcements to lookout for will be a possible revision of the tax slabs whereby tax exemption limits will be raised from Rs 2.5 lakhs currently to Rs 3 lakhs. The Economic Survey 2016 released on Friday has already suggested that tax exemption thresholds should not be raised but more measures should be taken to widen the tax net and end subsidies for the well-off.

Below is the list of 5 expectations from the common man.

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To shed the “anti farmer” and “pro-industrialist” image of the central government, the ruling BJP has decided to reach out to farmers through four rallies to be addressed by Prime Minister Naredra Modi.

The “Kisan Mahasammelan” rallies — in Madhya Pradesh, Odisha, Karnataka and Uttar Pradesh — will be held before presentation of the General Budget in the upcoming session of parliament.

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Remove Rs 1 lakh cr subsidies enjoyed by the well-off: Economic Survey


The Economic Survey 2015-16, presented in the Lok Sabha on Thursday by Finance Minister Arun Jaitley, said that there was uneven distribution of subsidies worth Rs 1 lakh crore subsidies going to the better-off and those who did not deserve them.

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