Budget News - Page 7

Budget 2015: No steps to tackle black money via gold, imports seen surging

The NDA has been lucky as inflation is trending downwards and overseas gold prices are also falling. But Jaitley seems to have missed a chance by not cutting gold import duty

Jaitley redeems himself with Budget 2015: 12 reform themes that make it more than ordinary

Arun Jaitley has redeemed himself with his second budget, after the failure of the first one to set the Yamuna on fire. This one sticks to the path of "creative incrementalism" and should deliver results over the medium term

Budget 2015 sets stage for a new economic order, gives India chance to fly

Finance Minister Arun Jaitley decides to plump for growth, eases fiscal deficit target to push public investment; significant reforms on black money, ease of business and entrepreneurship

Budget 2015: The 4 measures announced by Jaitley that will be long remembered

The FM has taken heed of the global slowdown and the inherent opportunity and risk that lie there

Jaitley's tax gimmick: Budget 2015 gives tax benefit of only Rs 52,221, not Rs 4.44 lakh

The finance minister Arun Jaitley during the course of his budget speech today remarked: “After taking into account the tax concession given to middle class tax payers in my last Budget and this Budget, today an individual tax payer will get tax benefit of Rs 4,44,200.”

Budget 2015: States have to pitch in to realise PM's dreams of sanitation for all

Seven years after Independence, in 1954, the government of India first looked to addressing the issue of toilets in the country.

Budget 2015 has two game-changers that will make India a global financial hub

The two unexpected game-changers in Budget 2015-16 are in the financial sector: the move to legislate the Indian Financial Code will put the domestic consumer at the centre of finance; the other, GIFT, will make Gujarat an offshore financial centre.

Misplaced priorities? Budget 2015 doesn't allow govt to take on spread of diseases like swine flu

The budget fails to address the urgent requirements in the healthcare sector

Budget 2015: Draconian black money law won't work without one-time amnesty

The budget proposes tough - even draconian - laws to go after black money holders. But it may achieve little without also offering a one-time amnesty scheme so that the taxman can say "you were given a chance to come clean"

From gold bonds to cheap LCD, LED TVs: 10 takeaways from Budget 2015 for the aam aadmi

Despite no apparent mention of income tax incentive for the common man, finance minister Arun Jaitley provided certain reliefs in Budget, that will allow the aam aadmi to save more.

Dismal earnings return to haunt market as Budget 2015 offers nothing much to cheer

The Budget may have plenty of positives from a 12-month perspective, but it will no longer be a talking point for the market beyond the next couple of weeks

Budget 2015: Good, but falls short of being best says corporate India

Some may consider this a pro corporate budget but in reality it is a budget for growth, savings, industrial development and for the middle class.

Budget 2015: Left, RSS-affiliated farmer unions say nothing in it for farmers

Finance Minister Arun Jaitley’s Budget 2015-16 delivers a raw deal to the agriculture sector, seems to be the consensus view among bodies representing farmers.

Budget 2015: Will Chandrababu's TDP quit NDA over poor allocation to Andhra?

Supporters of Andhra Pradesh Chief Minister and TDP head N Chandrababu Naidu began attacking the BJP through social media with hard-hitting and derisive status updates soon after the Budget was out on Saturday.

GAAR to incorporate OECD initiative's norms on tax avoidance

Finance Minister Arun Jaitley in his Budget for 2015-16 yesterday had postponed by two years to 1 April 2017 the implementation of the controversial GAAR.

India to join top global league with proposed black money law

While the proposed law in India has been largely welcomed, industry body Assocham today said the government should avoid over-kill and rush job" in its efforts to check foreign assets' concealment.

Budget 2015: Super rich senior citizens to take biggest hit

A fresh deduction of Rs 30,000 has been provided for the amount paid on account of medical expenditure incurred on health of a very senior citizen where no amount is paid towards mediclaim premium.

At Rs 7.18 crore, Lokpal budget sees three-fold jump, but still nothing on ground

A sum of more than Rs 7 crore has been earmarked for anti-corruption body Lokpal to meet its expenditures in 2015-16, showing a three-fold hike over the allocation made for the ongoing fiscal.

Black money holders will have one last chance to disclose overseas assets

Indians holding black money abroad will be given a last chance to disclose their overseas bank accounts or wealth to the government and avoid a jail term.

Budget 2015: Chidu is wrong to claim corporates are main gainers

Budget 2015-16 is good for corporates not by being too generous to them, but by bringing policy clarity and continuing on the path of making business easier to do. P Chidambaram is wrong to claim corporates are major gainers from tax cuts.

Budget 2015: Jaitley fails to fire equities; Sensex yo-yos and ends marginally up

ITC suffered the most during the special session of trading with additional excise duty being levied on the tobacco industry.

Budget 2015: Mixed bag for Indian IT industry

Keeping PCs out of the excise duty structure similar to tablets will demotivate the existing manufacturing facilities that have been operating in India for long, says MAIT.

Delayed fiscal consolidation? No problem, doesn't change India's rating, says Moody's

US-based think-tank Moody's today said India's sovereign rating will not be impacted by the delayed fiscal consolidation programme announced in the Budget 2015-16.

Budget 2015: Long-term measures and no numbers dampen day traders day

“This was probably the first budget where the FM concentrated more on the long-term measures than simply talk numbers about the sector.

BJP hails Budget 2015 as pragmatic, Cong slams it as for being pro-corporate

As BJP leaders and ministers Friday showered praises on Finance Minister Arun Jaitley for presenting a "historic", "pro-poor, pro-farmer" or "pragmatic" budget, the opposition Congress party called it "corporate friendly".

Budget 2015 hits IT industry, fails to address key issues: NASSCOM

Budget 2015 does cover some part of these priorities. However, some concerns remain and we would urge the government to address these issues on priority."

Budget 2015: Slew of proposals to boost Digital India programme

Experts feel the initiative to provide broadband connectivity to 2.5 lakh gram panchayats by December next year is a ‘transformative step’ taken by the government to connect rural citizens in information-dark areas of India.

Budget 2015: Tablets, shoes to get cheaper but drinks, night outs to get expensive

Like in the past the levy on tobacco products has been hiked, making it more expensive for smokers and other tobacco product users. Excise duty on cigarettes has been increased by 25 percent for cigarettes of length not exceeding 65 mm and by 15 percent for cigarettes of other lengths. This is the fourth consecutive budget which has raised excise duty on tabacco by more than 18 percent hike in duty.