RBI is set to lose some of its power when some budget recommendations come into force.
The expectations surrounding this budget are scary, not because budgets can do so much, but largely because Arun jaitley muffed his last chance in July 2014. Budget 2015-16 will set the tone for the rest of the NDA government's life
The government today proposed to revamp laws governing salary payment and granting employees a choice over how they get salary.
Has Jaitley's second budget lived up to expectations? The answer should be a cautious yes.
Opposition on Saturday slammed as "hollow and plain" BJP's first full-year union budget, saying it lacked the vision and alleged that it was "repayment" by the BJP government to the rich and the corporates.
Highlighting the achievements of his government, Finance Minister Arun Jaitley Saturday recited a couplet in parliament that elicited loud applause from the treasury benches.
Finance Minister Arun Jaitley said that the Clean Energy cess on coal will be increased by Rs.100 per metric tonne to fund clean environment initiatives.
The government on Saturday announced the setting up of an IIT in Karnataka along with IIMs in Jammu and Kashmir and Andhra Pradesh.
The government will also permit tax-free infrastructure bonds for the projects in the rail, road and irrigation sectors
Govt to enact tough penalties for tax evasion in new bill
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.
Finance Minister Arun Jaitley announced 100 percent tax exemption in Corporate Social Responsibility activities for Clean Ganga Fund and Swachh Bharat Kosh, , as he presented his first full-fledged budget in the Lok Sabha.
Arun Jaitley, who announced the Modi-government’s maiden full-year budget, has indeed scored a point in terms of offering a realistic blueprint for a much-needed reform push to the economy.
The rules will now apply prospectively to investments made on or after 1 April 2017
Jaitley said that the government is launching a scheme for faster adoption and manufacturing of electric vehicles.
The reduction in the corporate tax rate will result in a higher level of investment and higher level of growth
The government aims towards ease of doing business, he said adding he has recently launched an E-biz portal which integrates 14 regulatory permissions at one source.
AIFs are basically funds established or incorporated in India for the purpose of pooling in capital from Indian investors for investing as per a pre-decided policy.
Jaitley said development has to generate inclusive growth, and while large corporate and business entities have a role to play, it has to be complemented by informal sector -- enterprises that generate maximum employment.
India will soon have its own gold coin, with the Ashoka Chakra minted on it.
While presenting the Union Budget 2015-16, Finance Minister Arun Jaitley said that he will make schemes to disincentivise cash payments.
The government proposes to launch PM Suraksha Bima Yojana to increase the access to insurance. It will be linked Pradhan Mantri Jan Dhan Yojana.
A higher plan allocation for driving public investment. A gameplan to ask cash-rich public sector companies to start investing.
Modi has squandered a lot of political capital over the past 9 months.