Wealth tax to be abolished with tax on ‘super rich’
Finance Minister Arun Jaitley Saturday proposed to abolish wealth tax and impose a 2 percent additional surcharge on the "super rich" to garner more fu......
Northeast gets Rs.2,362 crore, promise to mainstream the region
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......
13 percent hike in budget allocation for higher education
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 o......
Budget has good intentions, lacks roadmap: Manmohan Singh
Saturday criticised the union budget presented by Finance Minister Arun Jaitley, saying it has good intentions but no adequate roadmap. Speaking to NDT......
Higher corporate surcharge could fetch 35 percent more revenue
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......
Tax, health benefits in budget delight many
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...
Jaitley proposes corporate tax, customs duty cuts, service tax hike
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...
Defence ministry clears mine sweeping vessels, trainer aircraft
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...
Budget 2015 aims for ‘Green India’
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...
Jaitley avoids ‘big bang’ to present budget of promise, inclusion
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)......
Budget Outlines Plans for Amrut Mahotsav – 75th anniversary of India’s Independence
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...
Jaitley says budget seeks to put more money in the hands of the middle class through tax breaks
width="550"] Finance Minister Arun Jaitley addressing a Post Budget Press Conference By TN Ashok Economic Affairs Editor New Delhi, Feb 28: Finance Min......
Jaitley vows relentless fight against scourge of Black Money
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...
Petrol and Diesel Prices hiked by Rs. 3
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...
Budget — Positive and Pragmatic – PM Modi
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:"....
Russia appreciates India’s stand against sanctions
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New law to track black money: Jaitley
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....
Limit of deduction in health insurance premium rises
an increase in the limit of deduction in health insurance premium, Finance Minister Arun Jaitley said Saturday. Presenting the union budget in parliame......
Special assistance for Bihar, West Bengal
Bihar will get special financial assistance to give a push to the two states, Finance Minister Arun Jaitley said Saturday. Jaitley announced this in hi......
Nagaland, Odisha to get research institutes: Jaitley
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