Business

  • Jaitley arrives
    Feb 28, 2015 11:48 IST

    Union Budget 2015: Individual taxpayer will benefit to the extent Rs. 4,44,200 from the exemptions

    Finance minister Arun Jaitley on Saturday abolished the wealth tax on super-rich with an income of Rs 1 crore or more per year and replaced it with a surcharge of 2%. He also proposed to cut corporate tax from 30 % to 25% over next the next four years. The BSE Sensex and Nifty rose nearly 1%, recovering from earlier falls after Jaitley proposed to cut the corporate tax rate over the next four years and delayed the implementation of planned GAAR by two years. Poll: How do you rate Jaitley's budget? | Full Coverage: Budget 2015

  • Budget, agriculture
    Feb 28, 2015 11:16 IST

    Union Budget 2015 highlights: Jaitley goes for growth, cracks down on black money

    Finance Minister Arun Jaitley is presenting the general budget for 2015-16 in parliament today. This is the first full-fledged budget of the Modi government. Following are the highlights of the budget:

  • budget
    Feb 28, 2015 07:24 IST

    10 things you should watch out for in Union Budget 2015

    The stage is set for finance minister Arun Jaitley to present his first full-budget on Saturday amid heightened expectations that he would raise people's spending power by offering tax breaks and would announce measures to make India an investment-friendly nation.

  • Arun Jaitley
    Feb 28, 2015 09:58 IST

    Union Budget 2015: Budget papers reach Parliament, Jaitley to begin speech shortly

    Prime Minister Narendra Modi's government is set to unveil its first full budget shortly, a day after announcing the time was ripe for long-awaited reforms to kickstart the economy. Ahead of the budget presentation, scheduled at 11am in the Lok Sabha, finance minister Arun Jaitley met President Pranab Mukherjee, who was himself a finance minister, and was also present at the customary meeting of the cabinet, presided over by Prime Minister Narendra Modi inside Parliament House.

  • Arun Jaitley
    Feb 28, 2015 09:05 IST

    Union Budget 2015: 5 measures Jaitley can announce to drive investment

    Investors, global and domestic, want Finance minister Arun Jaitley's first full-budget for 2015-16 to be a high-speed affair and set into motion the much-awaited push for a non-adversarial and a healthy business environment, aid investment and goad companies to add capacities.

  • Bombay Stock Exchange
    Feb 28, 2015 09:42 IST

    Sensex gain on GAAR delay, plan to reduce corporate tax rate

    The BSE Sensex and Nifty rose nearly 1% on Saturday, recovering from earlier falls after finance minister Arun Jaitley proposed to cut the corporate tax rate over the next four years and delayed the implementation of planned General Anti-Avoidance Rules (GAAR) by two years.

  • Copies of Economic Survey
    Feb 27, 2015 23:52 IST

    Economic Survey hits sweet spot, GDP growth likely over 8% next year

    India has hit a “sweet spot” and is poised to become the world’s fastest growing major economy, the government signalled Friday as its annual report card said GDP growth in 2015-16 would be between 8.1% and 8.5% — a strong uptick from the 7.4% estimated for this year.

  • Budget Gaurav
    Feb 27, 2015 22:48 IST

    GST roll-out necessary to shore up revenue kitty

    Calling the implementation of country-wide goods and services tax (GST) as a “priority” step for generating revenues, the Economic Survey 2014-15 said “a well-designed GST and other tax reforms would also play a crucial role in this regard.”

  • Bombay Stock Exchange
    Feb 27, 2015 22:56 IST

    Infra projects hit by bearish market, low investments

    Unfavourable market conditions and delayed investments in the last few years have resulted in an “alarmingly high rate” of increase in stalled projects, which stood at a staggering Rs 8.8 lakh crore as on December end, the Economic Survey 2014-15 said.

  • TaTa logo
    Feb 27, 2015 23:59 IST

    Tata Motors announces VRS for 16K workers across India

    India’s largest automaker Tata Motors on Friday announced a voluntary retirement scheme for an estimated 16,000 workers across its factories that produce both passenger and commercial vehicles, in a bid to trim its workforce and increase efficiency in operations.

  • rbi
    Feb 27, 2015 23:03 IST

    PSU banks should follow ‘4D’ model: Economic Survey

    The Indian banking industry, which is going through tough times, must follow the “4D model” — deregulation, differentiation, diversification and disinterring, the Economy Survey 2014-15 said.

  • Copies of Economic Survey
    Feb 27, 2015 21:02 IST

    Getting the economy back on track

    Rating agency S&P has more faith in India’s polity than most others; it has forecast India’s GDP to grow by 7.9% in 2016-17. The Economic Survey puts it higher, at 8.5%. For this happy forecast the opposition parties need to adopt singer Pharrell William’s attitude in the song ‘Happy’ and be constructively, instead of obstructively, critical of Government policy.

  • Budget
    Feb 27, 2015 23:14 IST

    Subsidy regime ‘regressive’, direct cash transfer key to low outgo

    Pitching for direct transfer of subsidies, the Economic Survey 2014-15 has said the outgo on food, fuel, power, fertilisers and railways amount to a staggering Rs 3.77 lakh crore in 2014-15, but reach only a few of the targeted poor.

  • Agriculture
    Feb 27, 2015 23:22 IST

    Create additional fiscal space to cushion againstfuture shocks

    India must adhere to medium-term fiscal deficit target of 3% of GDP to provide the additional fiscal space required to ensure macro stability and provide cushion against future downturns, the Economic Survey 2014-15 said.

  • budget, Manufacturing
    Feb 27, 2015 23:29 IST

    Reforms key to manufacturing revival: Economic Survey

    Highlighting the need for an upturn in private sector investments, the Economic Survey 2014-15 stressed the need for sustained reforms in the medium term to arrest the alarming rate of stalled projects and spur a revival in the manufacturing sector.