Walmart sees Bud driving domestic consumption, retail growth
Retail giant Walmart sees an increase in India's domestic consumption and retail growth over a period of time on the back of social security measures proposed in the Budget.
Mar 01, 2015, 14:09 PM IST
Govt targets Rs 1 lakh cr in dividend collection next fiscal
The government will collect Rs 88,781 crore on account of dividends in the current fiscal, the Budget document shows.
Mar 01, 2015, 14:08 PM IST
Higher fiscal deficit: Rating agencies frown at fine-print
"The quality of fiscal deficit measured by the ratio of revenue deficit-to-fiscal deficit under FY15 revised estimate is 70.7 percent while the FY16 budget estimate is 71 percent," it said.
Mar 01, 2015, 14:04 PM IST
Top NRI industrialists say budget lays road map for growth
Leading NRI industrialists have given a thumbs up to India's 2015-16 Budget, saying it would improve investment climate and laid a clear roadmap for placing the country on a double-digit growth trajectory.
Mar 01, 2015, 14:02 PM IST
After Budget boost, EV makers want support from states
"Now that the Centre has cleared the roadmap for the growth of electric vehicles in India, SMEV expects states to join in to support this initiative," SMEV Director-Corporate Affairs Sohinder Gill said in a statement.
Mar 01, 2015, 14:00 PM 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
India Inc cheers corporate tax cut, wealth tax abolition
India Inc on Saturday cheered the road map for lowering corporate taxation, abolition of wealth tax and steps to check black money menace, while calling the Union Budget a "visionary" document.
Feb 28, 2015, 19:42 PM IST
Footwear industry says duty cut to help competitiveness
The Budget proposal to reduce the excise duty on footwear with leather uppers and having retail price of over Rs 1,000 has been welcomed by the industry, saying the move will help increase competitiveness.
Feb 28, 2015, 19:40 PM IST
Budget: Delhi Metro gets 22 per cent hike
The allocation of funds for Delhi Metro in the Union Budget has seen a 22 percent jump with it being alloted over Rs 4,200 crore as its network extends deeper into the National Capital Region.
Feb 28, 2015, 18:56 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
Budget 2015 evokes mixed reaction among real estate players
The real estate industry, which had pinned high hopes on the Union Budget for revival of the liquidity-starved sector, welcomed some of the proposals of Finance Minister Arun Jaitley, but said there was no clarity on development of 100 smart cities.
Feb 28, 2015, 18:21 PM IST
Budget 2015: Service tax exemption to mutual fund agents withdrawn
Investment in mutual funds may turn expensive as the government on Saturday withdrew service tax exemption given to MF agents of asset management companies (AMCs).
Feb 28, 2015, 18:21 PM IST
Five mega power projects positive for copper industry
The government's proposal to set up five new 4,000 MW ultra mega power projects, entailing investments of around Rs 1 lakh crore, is a big positive for the copper industry, said International Copper Association of India (ICA).
Feb 28, 2015, 18:05 PM IST
Budget focuses on road network on borders with China, Pak
NDA government has in its infrastructure development initiatives focused on connecting with all weather roads along borders with nearly 100 percent increase in allocation for construction of roads along Sino-India and Indo-Pak boundaries.
Feb 28, 2015, 17:49 PM IST
MEA gets 19% hike in allocation
The foreign ministry has seen a good hike of 19 percent in its fund allocations in the Union Budget 2015-16 as the main thrust remained towards various development assistance projects implemented by India in neighbouring countries including Bhutan and Afghanistan.
Feb 28, 2015, 17:30 PM IST
