Budget 2015 News - Page 13

Budget session: Challenges mount for BJP after Delhi debacle

The important budget session, which begins Feb 23, will see a push by the government for passage of the bills that will replace six ordinances promulgated since the last sitting of parliament.

Budget 2015: Reconsider increase in excise duty sops, urges Anirudh Dhoot, Director, Videocon

The government’s decision not to extend excise duty concession has come as a setback to the consumer durable industry, says Anirudh Dhoot, Director, Videocon.

Union Budget 2015: Did you know it all begins with halwa?

Before the Finance minister of the country presents the budget to Parliament on the last day of February, a lot of hard work goes on behind the locked doors of the Ministry of Finance in North Block. Here’s what you might have missed on the budget preparation process.

Salaried class wants IT exemption limit to be Rs 3 lakh: Assocham

The survey was able to target employees from 18 broad sectors, with maximum share contributed by employees from IT/ITes sector (17 percent).

Photo of the day: FM stirs new Budget recipe

Finance Minister Arun Jaitley participating in the Halwa Ceremony to celebrate printing of Budget document.

FM makes 'Halwa' to celebrate printing of budget document

The process of printing documents for the Budget 2015-16 began today with the ritual 'halwa ceremony', which was attended by Finance Minister Arun Jaitley in the North Block office.

Rail fares are already low, no possibility of cut in Budget: MoS Railways

Just a week ahead of the rail budget, the government has ruled out the possibility of reducing train fares

Budget 2015: IESA urges government to set up Electronics Commission

The Commission should make all efforts to encourage the growth of the ESDM sector in the country and will ensure that the country will play an important role in the emerging world information society.

Budget 2015: NASSCOM seeks clarity in several long pending issues

The IT industry body has asked the government to address regulatory and tax challenges for technology startups and SMEs, like difficulties in access to funding for low asset based firms...

Tax holiday for integrated dairy projects: What Devendra Shah, head of Parag Milk Foods, wants from Budget 2015

Devendra Shah, Chairman of Parag Milk Foods Pvt Ltd, India’s largest private dairy, feels that in Budget 2015 a few sectors such as food, pharma, capital goods and infrastructure will get a push.

Service tax norms taking toll on engineering consulting firms: Gadkari to Jaitley

Delayed payment of service tax further attracts huge interest at the rate of 18 percent and for delayed payment beyond six months, interest rate increases to 24 percent and beyond 12 months to 30 percent, the letter said.

Congress will strongly oppose land ordinance in Parliament: Jairam Ramesh

Increase spending on education: What KVS Seshasai, CEO of Zee Learn, wants from Budget 2015

The sector is in need of policy reforms, Seshasai said.

YouTube to host first post-budget interviews of Jaitley, Prabhu

With Prime Minister Narendra Modi's emphasis on utilising social media to reach out to people, the first interviews of the Finance Minister and Railway Minister, after they present their respective budgets.

Budget Session: Speaker calls meeting of leaders on 22 February

Lok Sabha Speaker Sumitra Mahajan has called a meeting of leaders of political parties on 22 February to ensure smooth run of the Budget Session

Budget expectations: Accelerate reform process, says Sanjay Rohatgi of Symantec

Sanjay Rohatgi, President of Symantec India, a Fortune 500 company, operating global data-intelligence networks, providing security, backup and availability solutions, tells Firstpost what he expects from the upcoming Budget which will be presented by Finance Minsiter Arun Jaitley on 28 February:

India to unveil more reforms in 2015 budget to woo foreign investment: Swaraj

The new Indian government will unveil more reforms in the coming days, including in the budget this month to woo foreign investment, Sushma Swaraj said in a speech in a Muscat.

Coal auctions to ensure cheaper power instead of state-offered subsidy, says Jaitley

The present government is focusing more on solar and wind energy and the finance minister is likely to announce some tax incentives for the sector in his forthcoming Budget.

Fertiliser industry approaches FM, seeks funds to clear subsidy payment

Faced with liquidity crunch, fertiliser industry body FAI has written to FM seeking arrangement of funds to clear outstanding subsidy arrears

Manufacturing boost: Jaitley may address inverted duty structure

Inverted duty structure refers to taxation of inputs at higher rates than finished products that results in build-up of credits and cascading costs.

Deutsche Bank says MFs to fill FII vacuum, predicts record rally before Budget

Nullifying any fear of outflow of foreign funds from the country, Deutsche Bank CEO Ravneet Gill said that the prevailing global economic conditions coupled with a business-friendly leadership will help the country to ward off any negative impact on its finances.

Inflation is lower but Raghuram Rajan may still not cut rates before Budget

In his Feb policy, Rajan is likely to keep his cards close to his chest, unless he chooses to go back to his reputation of springing surprises

Budget 2015: MAT’s use-by date was over on Day 1, abolish it now

The scheme of MAT is immoral as it casts aside the solemn provisions of the income tax law made by Parliament by a peremptory provision that undermines the former.

Parliament session starts from 23 February, Budget on 28th

The first part of this session will continue till 20 March. The second part will commence after a month-long recess from 20 April. The session will conclude on 8 May, official sources said.

Budget should provide more incentives for REITs, say stakeholders

To ensure success of newly created REITs, property developers and consultants have sought more tax incentives in the upcoming union budget on investments through this route.

Govt faces tough time as fiscal deficit overshoots budget target

Finance Minister Arun Jaitley has time and again reiterated that the government is committed to restricting the fiscal deficit at 4.1 percent of the GDP, which would be the lowest in seven years, and has taken several steps towards it.

RBI to look at overall budget, not just fiscal deficit

MUMBAI (Reuters) - The Reserve Bank of India says it is not locked into a specific number on the fiscal deficit, but will look at the overall budget package before deciding on interest rates, governor Raghuram Rajan told reporters on Tuesday. Earlier in the day, RBI held interest rates steady at 7.75 percent after easing monetary policy just three weeks ago, likely leaving its next move until after the government presents its annual budget at the end of this month

Delhi defeat won't slow down pace of economic reforms, says Arun Jaitley

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