Budget News - Page 9

Budget 2015 low on big bang reforms; there's not much for housing

The budget has not provided any additional relief via increased income tax deduction limit or on repayment of housing loans. The regime on these fronts, which was announced during the previous budget from eight months ago remains unchanged. This is a disappointment, since there were expectation that the Finance Minister would further increase either or both of these limits and thereby address the reality of high property prices in India.

Budget 2015: 'Higher service tax may lead to rise in pirated software in the country', says Microsoft

Many of the announcements made in previous budget, which were geared to minimize/resolve transfer pricing litigation are yet to be implemented.

Union Budget 2015: Jaitley brings cheer for banks and NBFCs

Finance Minister Arun Jaitley on Saturday announced a slew of measures which experts said would help “energise” the banking system further, power recovery of loans and streamline decision-making.

Budget 2015: Jaitley adds sparkle to gold, encourages buying and selling of yellow metal

Finance minister announces gold monetisation scheme and a sovereign gold bond apart from steps to boost recycling of the metal.

Budget 2015 does nothing spectacular for the health of the economy

The attractive pre-election campaign on minimum government does not get reflected in the budget.

Travel, movies, shopping get costlier: Budget 2015 finds no middle class takers

The reaction to the Budget among the middle class was mixed with some calling it ‘forward looking’ which ‘will help the economy in the long run’. The dominant mood, however, was one of dismay.

Union Budget 2015: Jaitley just unleashed a war on black money like never before

Guilty could face rigorous imprisonment for 10 years while penalty will be 300 percent of the tax evaded

No big bang reforms but budget 2015 goes for growth, investment

In his first full-year budget since Prime Minister Narendra Modi's landslide election victory last May, Jaitley said India's economy was about to take off. Modi tweeted that the budget would "further reignite our growth engine".

Budget 2015: Congress disappointed as Jaitley gives them nothing to complain about

Jaitley disappointed Congress. It’s not about the disappointment over the budget by a rival party. It's about how Jaitley gave them no reason to complain.

More deductions but no changes in tax slabs: What Union Budget 2015 offers middle class

Finance Minister Arun Jaitley did not really bring in acche din for the salaried class as the income tax slabs remain unchanged but it did offer some respite by doubling monthly transport allowance ( which is tax free) to Rs 1600 as well as offering deductions under section 80 (D)

Budget 2015: Why cut corporate tax but not personal tax, Mr Jaitley?

Around 3% of Indians pay income tax. If more corporates are likely to pay more tax at lower rates, can't the same assumption be made for individual tax payers as well? Further, like the corporates income tax laws, can't the personal income tax laws simplified as well?

Tax math, disinvestments will make or break Arun Jaitley's Budget 2015

Evaluating the budget is always a tricky job and ideally one should score the earlier budget based on realization versus budgeted numbers.

Budget 2015: Aviation sector largely ignored by Arun Jaitley

Aviation has been largely ignored in the Union Budget for 2015-16, as most of the sector's demands such as giving airlines infrastructure status and bringing down taxation on MROs have been ignored.

Budget 2015: Jaitley incentivises middle class tax payers

The finance minister wants you to save more for your twilight years; pension funds and health insurance firms are the biggest beneficiaries.

Arun Jaitley's Budget 2015 is lukewarm to the green energy sector

Modi’s optimism for renewable energy comes to nought as Jaitley’s Budget offers no definite roadmap

Budget 2015: Service sector needs to be taxed or no service from govt, says Jaitley

Even the negative list of services has been pruned, which means more services are now under the tax net including rides, bowling alleys, amusement arcades, water parks and others.

Budget 2015: Jaitley keen to bring foreign fund managers to India

Union Finance Minister Arun Jaitley doesn’t crunch numbers as he looks at long-term measures.

Budget 2015: Jaitley puts focus on digital connectivity to drive rural growth

Finance Minister Arun Jaitley announces expansion of the country’s optical fibre network and Rs 1,000 crore funds for startups.

Budget pleases only corporates, income tax payers: Chidambaram

Accusing Finance Minister Arun Jaitley of pleasing just the corporates and the income-tax payers, his predecessor in the UPA regime P Chidambaram on Saturday said the Modi government's first full Budget has failed the fiscal test, the test of equity, and the test of rising inequality.

Budget 2015: Jaitley just deepened the crisis in public sector banks

In the absence of a recapitalisation roadmap, the government has to bring down its stake in banks to below 51 percent

Budget 2015: Two simple graphs explain how the govt spends every rupee

How every rupee comes and goes and goes out of the government's kitty.

Budget 2015: Alcohol to aerated drinks, here's what will get more expensive this year

The Union Budget 2015 has been presented by Finance Minister Arun Jaitley and as always something are going to get more expensive post the budget.

Budget 2015: Balanced, but nothing significant for electronics sector, says IESA

IESA urge the government to look at the critical demands from the ESDM sector like Deemed export status for ITA1 products, Setting up of Electronics Commission, Extension of MSIPs scheme for 5 years....

Budget 2015 takeways: Eating out gets costlier as FM raises service tax to 14%

Finance Minister Arun Jaitley today presented the Union budget for FY16 in the backdrop of easing inflation and interest rates but continued growth challenges which the government needs to address. Jaitley is under pressure to unveil reforms that will put the country’s economy on a path of 7-8 percent growth over the next two years.

Budget 2015: Wealth tax out, super rich will shell out 12% surcharge

The surcharge would now be 12 percent for individuals earning Rs 1 crore and above and companies with income of Rs 10 crore and above. "The rich and wealthy must pay higher taxes," Jaitley said.

Budget 2015: Arun Jaitley explains why he didn't give you any tax breaks this time

The Finance Minister has explained why he has gone back on his promise of raising income tax exemptions for the salaried class.

Budget 2015: Real estate investment trusts will continue to be unattractive

Despite getting one-time exemption on capital gains, domestic investors don’t gain much

Budget 2015: AP becomes first state to execute NOFN on its own

Andhra Pradesh had proposed to deliver broadband connection with 10-15 mbps download speed to each 12 million households for Rs 150/month that are planned to be covered under state designed project.

Budget 2015: FM proposes comprehensive Bankruptcy Code to promote entrepreneurship

"Bankruptcy law reform, that brings about legal certainty and speed, has been identified as a key priority for improving the ease of doing business," he said in the Budget 2015-16 presented to Parliament.