Union Budget 2014: Govt to take effective steps to revive SEZs: Jaitley
Expressing commitment to revive special economic zones, the government Thursday said it would take "effective steps" to make them instruments of industrial production, economic growth, export promotion and employment generation.
Jul 10, 2014, 14:48 PM IST
Union Budget 2014: IT rates unchanged; sops to small, marginal assessees in Bud
The Budget for 2014-15 Thursday left income tax rates unchanged but provided sops to small and marginal assesses by raising the threshold exemption limit from Rs 2 lakh to Rs 2.5 lakh and investments under 80C by Rs 50,000 to Rs 1.5 lakh while promising not to bring tax changes with retrospective effect.
Jul 10, 2014, 14:34 PM IST
Union Budget 2014: Import duty on stainless steel up 7.5%, to help domestic firms
In a major relief to domestic stainless steel industry, reeling under severe under- utilisation of capacity, the government Thursday increased import duty on flat-rolled products from 5 percent to 7.5 percent.
Jul 10, 2014, 14:30 PM IST
Union Budget 2014-15: Defence Ministry gets Rs 2.29 lakh cr in Union Budget
The Ministry was allocated Rs 2,03,672 crore in 2013-14 and was provided Rs 2,24,000 crore in the interim budget presented by the UPA government in February this year.
Jul 10, 2014, 14:30 PM IST
Union Budget 2014-15: Realty stocks surge as much as 11% post Budget
Following the sharp uptick in these stocks, the BSE realty index was trading 7.98 percent higher at 2,067.57 and was the biggest gainer among the 12 sectoral indices.
Jul 10, 2014, 14:26 PM IST
Union Budget 2014: Disinvestment target revised upwards to Rs 58,425 cr
Finance Minister Arun Jaitley Thursday raised the disinvestment target for the current fiscal to Rs 58,425 crore.
Jul 10, 2014, 14:11 PM IST
Union Budget 2014: Footwear stocks gain up to 10% on excise duty cut
Shares of footwear makers gained as much as 10 percent Thursday after the Finance Minister proposed reduction in excise duty.
Jul 10, 2014, 14:07 PM IST
Union Budget 2014-15: Govt sets fiscal deficit target of 4.1%
Finance Minister Arun Jaitley said his government aims to reduce the fiscal deficit to 3.6 percent and 3 percent for 2015-16 and 2016-17, respectively.
Jul 10, 2014, 14:06 PM IST
Govt aims for housing for all by 2022, extends additional tax incentive on home loans
Further, a Mission on Low Cost Affordable Housing will be started and the same will be anchored in the National Housing Bank.
Jul 10, 2014, 13:55 PM IST
Union Budget 2014-15: Stress on development of urban areas
The Pooled Municipal Debt Obligation Facility was set up in 2006 with participation of several banks to promote and finance infrastructure projects in Urban Areas on shared risk basis.
Jul 10, 2014, 13:50 PM IST
Gold futures rise over 2% after government keeps import duty unchanged
Gold for August delivery on the Multi Commodity Exchange rose to as much as 28,225 rupees, up 2.2 percent.
Jul 10, 2014, 13:46 PM IST
Union Budget 2014: Govt announces to launch new TV channel for farmers
The government Thursday announced a new 24-hour TV channel dedicated to agriculture sector with an outlay of Rs 100 crore for providing real-time information to farmers.
Jul 10, 2014, 13:39 PM IST
Union Budget 2014-15: Tax exemption limit raised to Rs 2.5 lakh
The proposal, according to an estimate, is likely to be benefit about 2 crore tax payers.
Jul 10, 2014, 13:34 PM IST
Union Budget 2014: Finance minister sparks confusion on fiscal deficit target
Traders said the contradiction had created confusion, although they said Jaitley may have misspoken.
Jul 10, 2014, 13:29 PM IST
PSU banks stock down after Budget announcement
Shares of public sector banks declined by as much as 4.3 percent after Finance Minister Arun Jaitley Thursday said the lenders would require Rs 2.40 lakh crore capital by 2018 to meet global Basel III norms.
Jul 10, 2014, 13:10 PM IST
FDI in insurance to be hiked to 49%: Jaitley
The move would help insurance firms to get much needed capital from overseas partners.
Jul 10, 2014, 12:40 PM IST
Govt allocates Rs 500 cr for Internet connectivity in villages
The government Thursday said it will allocate Rs 500 crore for its 'Digital India' initiative to set up broadband network in villages and promote local manufacturing of hardware and Indian software products.
Jul 10, 2014, 12:37 PM IST
Govt allocates Rs 500 cr for Internet connectivity in villages
The Minister proposed to set up 100 smart cities for which the government will provide Rs 7,060 crore.
Jul 10, 2014, 12:36 PM IST
Govt hopes to finalise GST contours this year: Jaitley
The UPA government in 2011 introduced a Constitution Amendment Bill in the Lok Sabha to pave the way for introduction of GST.
Jul 10, 2014, 12:30 PM IST
Five more IIMs, IITs to come up
Finance Minister Arun Jaitley onThursday said that five new IITs and IIMs will be set up across the country.
Jul 10, 2014, 12:27 PM IST
