Union Budget 2014-15

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

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 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

Defence firms shares slide amid FDI hike

DI in defence sector raised to 49 percent, Jaitley said while presenting the Budget for 2014-15.

Jul 10, 2014, 12:25 PM IST

Sensex declines over 300 points as Budget speech begins

After rising to 25,613.72 points at the outset, the Sensex slipped into negative zone by falling sharply 327.81 points, or 1.28 per cent to 25,117.00 at 1145 hrs.

Jul 10, 2014, 12:17 PM IST

Budget 2014-15 OVERVIEW: Income tax exemption limit raised to Rs 2.5 lakh; PPF cap hiked

Bringing cheer to individual taxpayers, Finance Minister Arun Jaitley in his maiden Union Budget 2014-15 in Parliament on Thursday, raised personal tax exemption limit to Rs 2.5 lakh from the current Rs 2 lakh.

Jul 10, 2014, 10:10 AM IST

Union Budget 2014-15 to be presented in Parliament today amid expectations of tax sops

Jaitley's maiden Budget is expected to be a tightrope walk of trying to meet demands for tax sops especially from the middle class and pursuing fiscal prudence to spur investment and growth.

Jul 10, 2014, 00:04 AM IST

Arun Jaitley to present maiden Union Budget amid high expectations of middle class, industry

There are high hopes that the budget for 2014-15 to be presented in Parliament may actually not tinker with the threshold limit or the other tax slabs but could provide reliefs by incentivising savings.

Jul 09, 2014, 22:49 PM IST

India may cut gold import duty in Budget: Industry official

Gold imports into India are likely to rise 200 tonnes in the second half to December, a 14 percent increase compared with the first half.

Jul 09, 2014, 21:58 PM IST

Economic Survey 2013-14: Urgent need to revamp Mahatma Gandhi NREGA

MNREGA programme is aimed at providing not less than 100 days of guaranteed wage employment in a financial year to every rural household.

Jul 09, 2014, 18:51 PM IST

Arun Jaitley to present Union Budget 2014-15 tomorrow

Finance Minister Arun Jaitley will present his maiden Budget Thursday in a bid to turn around the economy that is growing at a decade low.

Jul 09, 2014, 17:37 PM IST

Economic Survey 2013-14: FY15 GDP growth pegged at 5.4-5.9%

India's economy is expected to grow between 5.4 percent and 5.9 percent in the current fiscal year, the new government`s first Economic Survey said on Wednesday.

Jul 09, 2014, 09:23 AM IST

Microsoft expects Budget to unveil guidance on infotech use

With the right push, innovative technology solutions such as use of TV whitespaces for connectivity solutions can make a difference in the country.

Jul 07, 2014, 21:42 PM IST

Budget Session of Parliament begins today; price rise likely to generate heat

While presentation of the Railway Budget is scheduled for July 8, the economic survey will be released the next day and Union Budget 2014-2015 will be presented on July 10.

Jul 07, 2014, 08:45 AM IST

Narendra Modi to target record asset sales in budget: Source

The government will seek to raise up to a record USD 11.7 billion in asset sales in its maiden budget this week, a senior government source said, bolstering state finances and buying time for structural reforms to revive a weak economy.

Jul 06, 2014, 18:18 PM IST

Show tight control over fiscal situation, populism: Chanda Kochhar

Kochhar said the Budget would need to provide a clarity about the prospective nature of taxation.

Jul 06, 2014, 15:34 PM IST

Tech firms seek clarity on taxes, GST implementation in Budget

Technology majors, software services firms and industry bodies like Nasscom expect the Modi government to focus on leveraging ICT for economic growth.

Jul 06, 2014, 12:42 PM IST