Govt to encourage corporatisation of public sector ports
In order to ensure social security and promote public health, the government Saturday proposed a slew of schemes like Pradhan Mantri Suraksha Bima Yojna, ATAL Pension Yojana and tax incentives for National Pension System.
Feb 28, 2015, 14:01 PM IST
Corp tax to be cut by 5 % in 4 yrs; no change for individuals
Finance Minister Arun Jaitley today announced a 5 percent reduction in corporate tax over next four years, abolished wealth tax and replaced it with an additional 2 percent surcharge on super-rich individuals, while increasing service tax that will result in higher cost of variety of services.
Feb 28, 2015, 13:59 PM IST
Wealth tax abolished; extra 2% surcharge on super rich
Asking rich and wealthy to pay higher tax, Finance Minister Arun Jaitley today abolished the wealth tax but increased the surcharge to 12 percent on individuals earning Rs 1 crore and above annually and on firms with an annual income of Rs 10 crore or more.
Feb 28, 2015, 13:56 PM IST
Budget high on 'Investment','Ease of Doing Business' literally
India may rank poorly on 'ease of doing business', but it emerged as a high-focus area in Finance Minister Arun Jaitley's first full-fledged Budget today, literally, with as many as ten mentions.
Feb 28, 2015, 13:50 PM IST
India to introduce gold deposit accounts, no mention of import duty
India will introduce gold deposit accounts to utilise the 20,000 tonnes available within the country and launch a sovereign bond as an alternative to buying the metal, moves that are likely to cut imports into the biggest gold consumer.
Feb 28, 2015, 13:48 PM IST
India to raise import tax on steel to counter China threat
India will raise the import duty on steel by 5 percentage points from April 1, Finance Minister Arun Jaitley said on Saturday, to stem a flow of cheap supplies from China and Russia.
Feb 28, 2015, 13:45 PM IST
Union Budget: 'No relief for middle class, low income groups, says Congress
The Congress on Saturday dubbed the Union Budget presented by Finance Minister Arun Jaitley in the Lok Sabha as `jugglery of words`, and said that there has been no relief for the middle class and the lower income groups.
Feb 28, 2015, 13:43 PM IST
Sensex trades flat after budget presentation
A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), Saturday traded flat in the afternoon trade session after Finance Minister Arun Jaitley presented budget 2015-16 in the Lok Sabha.
Feb 28, 2015, 13:16 PM IST
AP becomes first state to execute NOFN on its own
Andhra Pradesh has become the first state to opt for executing the National Optical Fibre Network (NOFN) on its own and the telecom department will reimburse the cost for the same, Finance Minister Arun Jaitley said today.
Feb 28, 2015, 13:12 PM IST
FM proposes setting up of autonomous banks board bureau
In order to improve governance of public sector banks, Finance Minister Arun Jaitley today proposed setting up autonomous banks board bureau for helping lenders raise capital for meeting expansion needs.
Feb 28, 2015, 13:10 PM IST
Expert views: India budget goes for growth, delays cut in fiscal deficit
Finance Minister Arun Jaitley on Saturday announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit.
Feb 28, 2015, 13:08 PM IST
Nirbhaya fund doubled: Jaitley
Finance Minister Arun Jaitley Saturday doubled the budget of the Nirbhaya fund to Rs. 2,000 crore from Rs. 1,000 crore.
Feb 28, 2015, 13:01 PM IST
India to cut corporate tax to 25% over four years
India will reduce tax on businesses to 25 percent over four years from a current 30 percent, with a view to boosting spending and job creation, Finance Minister Arun Jaitley said on Saturday, when presenting the government`s full-year budget.
Feb 28, 2015, 12:55 PM IST
Roof for each family by 2022: Jaitley
Every family in India will have a roof over its head by 2022, India`s 75th year of independence, Finance Minister Arun Jaitley said Saturday.
Feb 28, 2015, 12:53 PM IST
Six more AIIMS like institutes: Jaitley
Six more AIIMS like institutions will be set up in the country, Finance Minister Arun Jaitley said Saturday.
Feb 28, 2015, 12:52 PM IST
Northeast region to get film production centre: Jaitley
A centre for film production will be set up in the northeast region of the country, Finance Minister Arun Jaitley said Saturday.
Feb 28, 2015, 12:49 PM IST
Jaitley proposes law to promote ease of doing business
Aiming to improve the ease of doing business in the country, Finance Minister Arun Jaitley today proposed appointing an expert committee to prepare a draft legislation for obtaining regulatory clearances expeditiously.
Feb 28, 2015, 12:44 PM IST
MNREGA allocation rises to Rs.5,000 crore
The government will enhance the allocation to the Mahatma Gandhi National Rural Employment Guarantee (MNREGA) scheme by Rs.5,000 crore, Finance Minister Arun Jaitley said Saturday.
Feb 28, 2015, 12:42 PM IST
Sensex up 340 pts on Budget proposal to cut corporate tax rate
The benchmark BSE Sensex recovered over 340 points to trade in positive zone after Finance Minister Arun Jaitley proposed to reduce corporate tax rate in in Budget.
Feb 28, 2015, 12:40 PM IST
Visa on arrival now for 150 countries
India will provide visa on arrival (VoA) to people from 150 countries, a sharp rise from the 43 countries now, Finance Minister Arun Jaitley announced Saturday.
Feb 28, 2015, 12:37 PM IST
