Jaitley favours procurement law to prevent scams
Union Finance Minister Arun Jaitley Saturday advocated a procurement law to check wrongdoings by officials in public procurement.
Feb 28, 2015, 17:19 PM IST
Budget: SIT on blackmoney gets 10 percent hike
The Special Investigation Team (SIT) on black money has been accorded an about 10 percent hike in the latest budgetary allocation for expanding its infrastructure and procuring logistics to effectively conduct its task of tackling the menace.
Feb 28, 2015, 17:16 PM IST
Budget 2015: Air travel becomes costlier, Ai India to get Rs 2500 crore
First and business class air travellers would find flying costlier from the next fiscal with an almost 2 percent hike in service tax rate proposed in the general budget, which also earmarked Rs 2,500 crore for ailing Air India in 2015-16.
Feb 28, 2015, 17:04 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
MHA gets Rs 62,124.52 cr in budget, a 10.2% jump
Home Ministry was today allocated Rs 62,124.52 crore in the Union Budget, a modest 10.2 percent jump over the outlay in last fiscal, with special focus on safety of women, rehabilitation of Kashmiri Pandits and internal security.
Feb 28, 2015, 16:20 PM IST
Over Rs 208 crore earmarked for training of babus
Over Rs 208 crore has been allocated to the Ministry of Personnel for 2015-16 to augment its training facilities for bureaucrats.
Feb 28, 2015, 15:38 PM IST
Subsidy bill cut by 10% to Rs 2.27 lakh crore for 2015-16
Subsidies on food, fertiliser and petroleum have been reduced by over 10 percent to Rs 2.27 lakh crore for 2015-16, mainly due to a sharp cut in petroleum subsidies.
Feb 28, 2015, 15:35 PM IST
Budget: SIT on blackmoney gets 10 per cent hike
The Special Investigation Team (SIT) on black money has been accorded an about 10 percent hike in the latest budgetary allocation for expanding its infrastructure and procuring logistics to effectively conduct its task of tackling the menace.
Feb 28, 2015, 15:30 PM IST
We will build six crore toilets: Jaitley
The central government will achieve the target of building six crore toilets across the country under the Swachh Bharat Abhiyan, Finance Minister Arun Jaitley said while presenting the Union Budget 2015-16 Saturday.
Feb 28, 2015, 15:21 PM IST
Infrastructure, social spending priority areas: FM
The fiscal deficit of 3 percent will be met in three years instead of two, Finance Minister Arun Jaitley said in a post-Budget interview on Saturday.
Feb 28, 2015, 15:10 PM IST
Workers may get to opt between EPF&NPS; ESI & health insurance
The proposal to provide these options to organised sector workers was announced today by the Finance Minister Arun Jaitley in his Budget speech for 2015-16.
Feb 28, 2015, 15:03 PM IST
Budget 2015: Govt gives new tax benefits for REITs, InviTs
In a fillip to investments in realty and infrastructure sectors, Finance Minister Arun Jaitley today rationalised capital gain tax regime for the sponsors of newly-created business structures REITs and INViTs.
Feb 28, 2015, 14:14 PM IST
Govt earmarks Rs 75 crore for electric vehicles in 2015-16
Finance Minister Arun Jaitley today earmarked Rs 75 crore for faster adoption and manufacturing of electric vehicles in 2015-16, a step which electric vehicles makers termed as a good beginning.
Feb 28, 2015, 14:11 PM IST
Govt to allow overseas investments in AIFs
Providing a fresh avenue for foreign investors, the government today announced allowing overseas investments in Alternative Investment Funds (AIFs) -- a new class of pooled-in investment vehicles for real estate, private equity and hedge funds, among others.
Feb 28, 2015, 14:08 PM IST
Coal auction to bring revenue windfall for states: Jaitley
Stating that auction of coal mines is one of the top three achievements of the government in its nine months' period, Finance Minister Arun Jaitley today said the process would bring several lakhs of crores of rupees to the kitty of coal-bearing states.
Feb 28, 2015, 14:03 PM IST
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
