- Feb 28, 2015 19:46 IST
Analysts scrutinising Arun Jaitley’s Budget speech for ideological and political content ran instead into three non-political words: job (16 times), growth (24 times) and investment (50 times). With no assembly election imminent, this was clearly a Budget intended to reflect Prime Minister Narendra Modi’s politics of development. The coming years, when politics will dominate, may be different.
- Feb 28, 2015 23:20 IST
In bad news for the salaried class, finance minister Arun Jaitley kept the slabs for personal income tax unchanged, while presenting his first full budget in Parliament on Saturday.
- Feb 28, 2015 14:39 IST
Finance minister Arun Jaitley on Saturday announced a 5% reduction in corporate tax over next four years, abolished wealth tax and replaced it with an additional 2% surcharge on super-rich individuals, while increasing service tax that will result in higher cost of variety of services.
- Feb 28, 2015 15:17 IST
Continuing the trend set by many of his predecessors, finance minister Arun Jaitley on Saturday came down heavily on smokers and tobacco consumers with a steep increase in excise rate in tax proposals in his budget for 2015-16.
- Feb 28, 2015 23:29 IST
Finance minister Arun Jaitley’s speech can go only so far in guessing factors that might stem from the realms of politics, sociology, ecology and technology.
- Feb 28, 2015 23:26 IST
The government on Saturday proposed to make its pet life insurance scheme for senior citizens, Varishtha Pension Bima Yojana, more attractive by exempting it from service tax.
- Feb 28, 2015 23:56 IST
The increase in service tax rate from 12% to 14%, announced in the Union Budget 2015-16 on Saturday, will not just cost you more when you order a peg of alcohol at a bar but also when you buy a bottle.
- Feb 28, 2015 23:55 IST
Finance minister Arun Jaitley’s first full-year budget on Saturday initiated a number of steps at streamlining the economy and boosting growth on the lines of Narendra Modi-led government’s ‘Make In India’ campaign.
- Mar 01, 2015 00:04 IST
From now on, the limit on deduction on account of contribution to a pension fund and the New Pension Scheme (NPS) would increase from Rs 1 lakh to Rs 1.5 lakh.
- Mar 01, 2015 00:05 IST
Created under intense pressure and high expectations to deliver, after winning the biggest mandate at the Lok Sabha elections, the much awaited full-fledged Budget 2015 has finally arrived, writes Neeru Ahuja.
- Mar 01, 2015 00:03 IST
In order to generate more electricity from clean energy sources, the government announced a massive renewable power production target of 175,000 megawatt (mw) by 2022.
- Feb 28, 2015 23:59 IST
In what would leave more money in the kitty of the “aam aadmi”, finance minister Arun Jaitley has proposed to raise tax-free transport allowance limit from Rs 800 to Rs 1,600 in a month, in the Union Budget.
- Mar 01, 2015 00:12 IST
Finance minister Arun Jaitley has proposed to increase investment in infrastructure by Rs 70,000 crore in 2015-16 from the previous year, to be funded by the Centre and Central Public Sector Enterprises (CPSEs).
- Mar 01, 2015 00:18 IST
Ailing national carrier Air India will get Rs 2,500 crore in 2015-16 as part of the bailout package approved by the government for bringing the airline back on track. The state-owned airline had sought budgetary support of Rs 4,277 crore from the government for the next fiscal.
- Mar 01, 2015 00:20 IST
The government has also allowed foreign investments in alternative investment funds (AIFs), a category of pooled-in investment vehicles for real estate, private equity and hedge funds.