Jaitley says budget seeks to put more money in the hands of the middle class through tax breaks By TN Ashok Economic Affairs Editor New Delhi, Feb 28: Finance Minister Arun Jaitley today said the Union Budget for 2015-16 sought
By TN Ashok Economics Editor New Delhi, Feb 28 : Indian industry and corporate honchos today welcomed the union budget for 2015-16 presented by Finance Minister Arun Jaitley as both growth and investment oriented with focus on job creation and
By Prakash Bhargava New Delhi, Feb 28 Presenting the national budget for the next fiscal, Finance Minister Arun Jaitley Saturday said the state of the country’s economy was better placed today with its credibility re-established by a series of measures
In a bid to remove “high-cost, low-yield taxation”, Finance Minister Arun Jaitley Saturday proposed to abolish wealth tax and impose a 2 percent additional surcharge on the “super rich” to garner more funds. “As against a tax sacrifice of Rs.1,008
Finance Minister Arun Jaitley Saturday announced a budget allocation of Rs.2,362.74 crore for the Northeast and promised to bring the region into the mainstream. “I have allocated Rs.2,362.74 crore for the Development of North Eastern Region(DoNER). Special priority is being
Giving a boost to higher learning and with the promise of providing one major central institute in each state, India Saturday earmarked Rs.26,855 crore for higher education, an increase of over 13 percent over last year. For the year 2015-2016,
Former prime minister Manmohan Singh, an eminent economist, Saturday criticised the union budget presented by Finance Minister Arun Jaitley, saying it has good intentions but no adequate roadmap. Speaking to NDTV news channel, Manmohan Singh, who was prime minister of
Finance Minister Arun Jailey hopes to rope in a significant 35 percent additional revenues by increasing the tax surcharge on the corporate sector, including a hike of 2 percentage points on the levy imposed for distribution of dividends. Against the
The emphasis on health and several tax benefits, with no change in income tax rates and a universal social security system for all Indians, has left the public largely satisfied with the union budget presented in parliament Saturday. “I am
Finance Minister Arun Jaitley Saturday proposed to cut the corporate tax rate by five percent to 25 percent over next four years while increasing the service plus education cess from 12.36 percent to a consolidated 14 percent. Presenting the budget
The defence ministry Saturday cleared a project worth Rs.32,000 crore for 12 mine sweeping vessels to be made in India. In a meeting of the Defence Acquisition Council chaired by Defence Minister Manohar Parrikar, the government also cleared acquisition of
Finance Minister Arun Jaitley Saturday said clean energy cess on coal will be increased by Rs.100 per tonne to fund clean environment initiatives. “In indirect taxes, I propose to increase the clean energy cess from Rs.100 to Rs.200 per metric
New Delhi, Feb 28 Falling just short of big bang reforms called for by his own economic survey, Finance Minister Arun Jaitley Saturday presented a Rs.17.78 lakh crore (nearly $300 billion) national budget for the next fiscal that seeks to
A roof for each family – 2 crore houses in urban and 4 crore houses in rural areas By TN Ashok Economics Editor New Delhi, Feb 28: The Narendra Modi government today outlined a program to observe the 75th anniversary
By TN Ashok Economic Affairs Editor New Delhi, Feb 28: Finance Minister Arun Jaitley today said the Union Budget for 2015-16 sought to create confidence in the minds of both the domestic and foreign investors aimed at achieving greater GDP growth
By TN Ashok Economics Editor New Delhi, Feb 28: Finance Minister Arun Jaitley today vowed to fight a relentless battle against the scourge of black money and to bring to book tax evaders through tough laws saying it was a
New Delhi, Feb 28 Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 28th February’15 / 1st March’15 · Increase in Retail Selling Price of Petrol by Rs. 3.18 /litre at Delhi (including State
Sabka Budget –PM By TN Ashok Economics Editor New Delhi, Feb 28: Prime Minister Narendra Modi today welcomed the 2015-16 Union Budget as one that had clear vision and called it ” Sabka Budget:”. The budget is progressive, positive, practical,
New Delhi, Feb 27 Amid Western threats to impose tougher sanctions on Russia over Ukraine, Moscow Friday appreciated India’s stand and said both countries stood for “non-interference in the domestic affairs” of other nations. Sergey Naryshkin, Speaker of the Russian
New Delhi, Feb 28 Finance Minister Arun Jaitley Saturday said the government was committed to tracing black money stashed abroad and a comprehensive new law will be framed to track it. “On black money, a new structure including e-filing and
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