Budget2015

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Budget2015 - Total results - 338
Reminder: From tomorrow eating out, air travel will get costlier thanks to service tax hike
Business

Reminder: From tomorrow eating out, air travel will get costlier thanks to service tax hike

Entry tickets to museums, zoo and tiger reserves would become cheaper, while business class air travel, investment in MFs and chit funds would become expensive with some of the service tax proposals announced in the Budget coming into effect from tomorrow.

Political favouritism? Modi govt quietly slipped in a tax sop for Andhra, Telengana in Budget
Business

Political favouritism? Modi govt quietly slipped in a tax sop for Andhra, Telengana in Budget

As it is, all industrial units set up across the country post 2005 as well as fresh investments made in existing factories post 2005 qualify for an additional depreciation of 20% in the year of investment but industrial units set up in backward regions of these two states between April 2015 and April 2020 would be eligible for a 35% additional depreciation.

Sensex crosses 30,000, Nifty at life high as markets cheer RBI rate cut
Business

Sensex crosses 30,000, Nifty at life high as markets cheer RBI rate cut

The Nifty was also a life time high as markets cheered the RBI's decision to cut monetary rates, a decision that it sees as a boost for industrial growth.

Banks Board Bureau to be set up in four months: Finmin
Economy

Banks Board Bureau to be set up in four months: Finmin

Last week, Finance Minister Arun Jaitley in his Budget speech had announced setting up the autonomous Banks Board Bureau for helping lenders raise capital for meeting expansion needs.

Eating out at a 5-star hotel? You may soon be forced to pay by card only
Business

Eating out at a 5-star hotel? You may soon be forced to pay by card only

With the Finance Minister Arun Jaitley attempting to discourage cash transactions, you may soon have to pay by card if you have incurred bill of over Rs 5,000 while eating out at a four or five star hotel.

Yoga becomes tax-free: Is this Budget item a sweetheart deal for Baba Ramdev?
Business

Yoga becomes tax-free: Is this Budget item a sweetheart deal for Baba Ramdev?

The moot question is what does the exemption to yoga portend and take within its sweep? Standalone yoga activities would definitely enjoy this exemption without any doubt. But would profit from sale of ayurvedic products often forming an adjunct of yoga activities as is the case with Ramdev’s Pathanjali Yoga organization also make the grade for exemption?

With govt getting a say, RBI’s inflation fighting will never be the same
Business

With govt getting a say, RBI’s inflation fighting will never be the same

The new set-up will help the RBI escape from the mud-slinging from the finance ministry every time there is rate hike, but will also reduce its powers

No upgrade for now: Budget 2015 unlikely to impact India's credit rating, say agencies
Business

No upgrade for now: Budget 2015 unlikely to impact India's credit rating, say agencies

The views correspond with those of analysts who lauded the budget for seeking to spark an investment-led boom but lamented the lack of structural reform, with the government leaving major welfare schemes untouched and cutting fuel subsidies only because of a drop in international oil prices.

Budget 2015: Why Jaitley rolled out goodies for FIIs? This graphic offers clues
Business

Budget 2015: Why Jaitley rolled out goodies for FIIs? This graphic offers clues

If the government has to succeed in meeting at least 60 percent of the target, it has to keep the FIIs in good stead

Stimulus and reforms don't go together: Jaitley should have kept his fiscal deficit promise
Business

Stimulus and reforms don't go together: Jaitley should have kept his fiscal deficit promise

Stimulus and reforms don't go together. Let's see if Jaitley and the Modi government are able to prove that wrong. Only time will tell. But with 282 members in the Lok Sabha, Jaitley should have kept his promise to bring down the fiscal deficit on 28/2.

Elephanta Caves could get helipad, power thanks to Jaitley's largesse in Budget 2015
Mumbai

Elephanta Caves could get helipad, power thanks to Jaitley's largesse in Budget 2015

The Elephanta Caves near the city is set to get a much needed facelift thanks to the Union Budget.

Budget 2015 effect: Sensex jumps 209 points, Nifty up 63 points at open
Business

Budget 2015 effect: Sensex jumps 209 points, Nifty up 63 points at open

The 30-share index rose further by 209 points, or 0.71 per cent, to 29,570.50.

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

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

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
Business

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

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

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

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
Economy

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
Business

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

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.