Black money holders will have a last chance to disclose assets
Indians holding black money abroad will be given a last chance to disclose their overseas bank accounts or wealth to the government and avoid a jail term.
Mar 01, 2015, 16:01 PM IST
Budget 2015: BJP hails budget, opposition calls it pro-rich
The NDA government Saturday hailed the Union Budget 2015-16 with Prime Minister Narendra Modi calling it "progressive and practical" while the opposition slammed it for being "pro-rich".
Mar 01, 2015, 00:51 AM IST
Individuals get more tax benefits; but to pay more on services
Giving with one hand and taking with the other, Finance Minister Arun Jaitley Saturday hiked tax deduction limit for individuals to Rs 4.44 lakh, but slapped an extra surcharge on super-rich and raised service tax rate.
Feb 28, 2015, 22:51 PM IST
Property prices to rise marginally on hike in service tax
Property prices will rise slightly with proposed hike in service tax to 14 percent, according to real state industry associations CREDAI and NAREDCO.
Feb 28, 2015, 22:49 PM IST
Budget a bold roadmap to ease doing business in India: USIBC
A leading business body in the US Saturday hailed India's 2015-16 Budget as a bold roadmap for improving the ease of doing business in the country.
Feb 28, 2015, 22:46 PM IST
Govt to raise funds via infra bonds for railways, roads
The government has proposed to raise funds for railways, roads and irrigation sectors by issuing tax-free infrastructure bonds.
Feb 28, 2015, 22:41 PM IST
Duty rejig on petrol, diesel to give Rs 40K cr for road projs
Finance Minister Arun Jaitley Saturday rejigged excise duty on petrol and diesel to make available an additional Rs 40,000 crore for road and highway development.
Feb 28, 2015, 22:39 PM IST
Those opposing new Land Bill are against rural infra: FM
Dismissing charges of new Land Bill of the BJP-led NDA government being "anti-farmer", Finance Minister Arun Jaitley Saturday alleged those who are opposing it are against rural infrastructure creation.
Feb 28, 2015, 21:29 PM IST
Auto sector welcome EV boost, unhappy with excise rate
"We were looking forward to a stronger emphasis on the automobile industry from Budget 2015 but there doesn't seem to be much momentum on that front," Nissan India Operations President Guillaume Sicard told PTI.
Feb 28, 2015, 19:22 PM IST
Bullion firms welcome gold scheme, unhappy over duty status quo
The industry players, however, expressed disappointment over no reduction in customs duty on the metal.
Feb 28, 2015, 19:19 PM IST
What you must know about Arun Jaitley's Budget 2015
There will be no change in the personal income tax slabs and rate of tax for companies in respect of income earned in the finance year 2015-16, assessable in Assessment Year 2016-17.
Feb 28, 2015, 18:53 PM IST
Government raises farm credit target to Rs 8.5 lakh cr for 2015-16
The government has clubbed 10 major schemes, including National Food Security Mission, under the umbrella scheme "Krishionnati Yojana" to be implemented by states with central assistance of Rs 9,000 crore during the 2015-16 fiscal.
Feb 28, 2015, 17:24 PM IST
Volatile Sensex logs 1st Budget day gain in 4 years, up 141 points
Shares of Banking, Healthcare and Auto sectors shot up on good buying while FMCG, Consumer Durable and Power counters fell on selling pressure. Scrips of cigarette makers, led by ITC, declined on a proposal to hike excise duty on cigarettes.
Feb 28, 2015, 17:18 PM IST
Budget 2015: GAAR deferred for 2 years
The Finance Minister Arun Jaitley presenting the Budget in Lok Sabha today proposed to defer the applicability of the General Anti Avoidance Rule (GAAR) by two years.
Feb 28, 2015, 16:45 PM IST
Investment in infrastructure to go up by Rs 70,000 cr, separate Fund to be set up
Finance Minister Arun Jaitley has proposed an increase in investment in infrastructure by Rs 70,000 crore in the year 2015-16 over the year 2014-15 from the Centre’s funds and resources of CPSEs.
Feb 28, 2015, 16:45 PM IST
Forward Markets Commission to be merged with SEBI
Union Finance Minister Arun Jaitley on Saturday proposed to merge the Forward Markets Commission with SEBI to strengthen regulation of commodity forward markets and reduce wild speculation.
Feb 28, 2015, 16:41 PM IST
Healthcare sector upbeat as Budget gives a booster dose
The healthcare industry has welcomed Budget proposals to increase tax exemption limits for health insurance cover and set up more AIIMS across India, saying such moves enable people's access to better facilities.
Feb 28, 2015, 16:33 PM IST
Budget 2015: What's costlier and what's cheaper!
Smoking and consumption of other tobacco items will be more expensive, while an increase in service tax rate would make costlier a whole lot of other activities including air travel, eating out and paying bills.
Feb 28, 2015, 16:30 PM IST
Budget 2015: Service Tax, Indirect Taxes to mop more money
The Finance Minister Arun Jaitley on Saturday announced a series of steps to broaden the tax base to garner more receipts.
Feb 28, 2015, 15:47 PM IST
Budget 2015: Employees Provident Fund to have two options
The Union Finance Minister Arun Jaitley on Saturday announced in his Budget speech that with respect to Employees Provident Fund (EPF), the employee needs to be provided two options.
Feb 28, 2015, 15:33 PM IST
