Mar 01, 2015, at 12:33 am
New Delhi, Feb 28 (IBNS): Adding pressure on consumers, petrol and diesel prices were hiked, hours after the Union Finance Minister Arun Jaitley presented his General Budget on Saturday.
Corporate leaders welcome General Budget
Mar 01, 2015, at 12:30 am
New Delhi, Feb 28 (IBNS) Corporate leaders across India welcomed the General Budget presented by Union Finance Minister Arun Jaitley on Saturday.
Surcharge on the super-rich to bring in Rs. 9,000 crore
Feb 28, 2015, at 11:04 pm
New Delhi, Feb 28(IBNS) Union Finance Minister Arun Jaitley has introduced a 2 per cent surcharge on income of the super-rich to earn revenues nine times more than he loses by abolishing the wealth tax.
Feb 28, 2015, at 10:44 pm
New Delhi, Feb 28(IBNS) Finance Minister Arun Jaitley on Saturday allocated a record Rs 34,699 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme,a day after Prime Minister Narendra Modi had criticised the previous UPA government for its "failure" with MNREGA.
Defence budget rises by 7.7 per cent
Feb 28, 2015, at 09:56 pm
New Delhi, Feb 28(IBNS) Defence Budget has been increased by only 7.74 per cent giving forces Rs 2,46,727 crore in r 2015-16 compared to Rs 2,29,000 crore in the last fiscal.
Feb 28, 2015, at 09:42 pm
New Delhi, Feb 28(IBNS) The Government proposes to set-up five new Ultra Mega Power Projects, each of 4000 MWs in the plug-and-play mode.
Contribution to EPF to made optional:Jaitley
Feb 28, 2015, at 09:37 pm
New Delhi, Feb 28(IBNS) Union Finance Minister Arun Jaitley on Saturday said the government is considering a proposal to make optional contribution to employee provident fund (EPF).
Infra investment goes up by Rs.70,000 Crore
Feb 28, 2015, at 09:36 pm
New Delhi, Feb 28(IBNS) Union Finance Minister Arun Jaitley has proposed an increase in investment in infrastructure by Rs. 70,000 crore in 2015-16 over the year 2014-15 from the Centre’s funds and resources of CPSEs.
Self Employment and Talent Utilisation (SETU) to be Established
Feb 28, 2015, at 08:56 pm
New Delhi, Feb 28(IBNS) The Government on Saturday announced setting up of a Self- Employment and Talent Utilisation (SETU) mechanism.
Feb 28, 2015, at 08:51 pm
Overall it was a dream budget Corporate taxes down, GAAR postponed, crackdown on illegal money, wealth tax abolished.
Corporate Tax to be Reduced and GST to be Implemented
Feb 28, 2015, at 07:55 pm
New Delhi, Feb 28(IBNS) Finance Minister has proposed reduction of corporate tax to 25 per cent from the current rate of 30 per cent to help boost higher growth, investment and job creation.
Jaitley speaks of universal social security system
Feb 28, 2015, at 07:38 pm
New Delhi, Feb 25(IBNS) Encouraged by the success of the Pradhan Mantri Jan Dhan Yojana, Union Finance Minister Arun Jaitley has proposed to work towards creating a universal social security system for all Indians, specially the poor and the under-privileged.
Modi calls the Union Budget positive and pragmatic
Feb 28, 2015, at 07:28 pm
New Delhi, Feb 28 (IBNS) Prime Minister Narendra Modi on Saturday called the Union Budget 2015-16 as one with a positive and pragmatic outlook that would transform the lives of poor.
Budget has adequate provisions for the poor : Jaitley
Feb 28, 2015, at 07:08 pm
New Delhi, Feb 28(IBNS) Finance Ministeri Arun Jaitley has said adequate provision has been made for the schemes for the poor and disadvantaged in the Budget of 2015-16.
Jaitley announces strict new law to curb black money
Feb 28, 2015, at 07:02 pm
New Delhi, Feb 28 (IBNS) Union Finance Minister Arun Jaitley Saturday said that a Bill to enact a new law to deal with black money is to be introduced in the current session of the Parliament.
Benefits to Middle Class Tax Payers in the Budget 2015-16
Feb 28, 2015, at 06:56 pm
New Delhi, Feb 28 (IBNS) Union Minister of Finance Arun Jaitley in his Budget Speech in Lok Sabha Saturday proposed rationalization of various tax exemptions and incentives to reduce tax disputes and improve tax administration.
Jaitley announces steps for monetising Gold
Feb 28, 2015, at 06:52 pm
New Delhi, Feb 28 (IBNS) Union Finance Minister Arun Jaitley on Saturday announced several steps for monetizing gold while presenting the General Budget 2015-16 in the Lok Sabha.
Feb 28, 2015, at 04:43 pm
Kolkata, Feb 28 (IBNS) JIS Group MD Taranjit Singh has said that the State Budget presented by West Bengal Finance Minister Amit Mitra on Friday will encourage middle, lower middle class and even the business houses in the east Indian state.
Sensex climbs 230 points ahead of Budget
Feb 28, 2015, at 04:18 pm
Mumbai, Feb 28 (IBNS): As India gears up to witness Union Finance Minister Arun Jailtey presenting his General Budget, the BSE Sensex is up by 200 points on Saturday.
FM Arun Jaitley to present his budget today
Feb 28, 2015, at 02:28 pm
New Delhi, Feb 28 (IBNS) Union Finance Minister Arun Jaitley is all set to present the Budget on Saturday.
South Africa hosts international ITI
Feb 28, 2015, at 05:21 am
Kolkata, Feb 27 (IBNS): South Africa hosted the sixth International Trade and Investment Initiative (ITI) in Kolkata's Oberoi Grand hotel on Thursday.
Uphold child rights for the 'Right' future
Feb 28, 2015, at 05:01 am
With just a couple of days for the first union budget of the government, the expectations remain high. It is time for the government to seriously consider child rights indicators and duly prioritize entitlements for children, especially those belonging to the most marginalized groups.
Feb 28, 2015, at 04:46 am
Kolkata, Feb 27 (IBNS): Director General of Indian Chamber of Commerce Rajeev Singh on Friday commended West Bengal State Finance Minister Amit Mitra for presenting a "very positive and forward looking budget" for the State in the coming year.
Tata Motors announces initiatives for enhancing competitiveness
Feb 28, 2015, at 04:24 am
Mumbai, Feb 27 (IBNS): In continuation of its steps to respond to an increasingly competitive business environment and macro-economic pressures that have resulted in depressed growth of the commercial vehicle and passenger car businesses in India, Tata Motors on Friday announced new initiatives designed to enhance the company's competitiveness.
Infrastructure growth leads to economic recovery: Economic Survey
Feb 27, 2015, at 07:57 pm
New Delhi, Feb 27 (IBNS): The Index of Industrial Production (IIP) suggests that industrial sector is recovering slowly with a 2.1 per cent in April - December 2014-15 over the 0.1 per cent in the same period last year.
Government remains committed to fiscal consolidation; Economic Survey
Feb 27, 2015, at 07:56 pm
New Delhi, Feb 27 (IBNS): The Government remains committed to fiscal consolidation. The Economic Survey 2014-15 presented in Parliament Friday states that the deficit target of 4.1% as envisaged in the Budget 2014-15 will be met.
India's National Solar Mission scaled up five fold: Economic Survey
Feb 27, 2015, at 07:55 pm
New Delhi, Feb 27 (IBNS): The Economic Survey 2014-15 presented in the Parliament Friday says that India has made considerable progress in tackling climate change issues.
India needs to create additional Fiscal Space: Economic Survey 2014 - 15
Feb 27, 2015, at 07:54 pm
New Delhi, Feb 27 (IBNS): India needs to create additional fiscal space in order to ensure macro stability and to create buffers for future economic downturns, says the Economic Survey, tabled in Parliament by the Union Finance Minister, Arun Jaitley here Friday.
Create National Common Market in Agricultural Commodities: Economic Survey
Feb 27, 2015, at 07:53 pm
New Delhi, Feb 27 (IBNS): The Economic Survey 2014-15 tabled in Parliament emphasizes on the need for a national common agricultural market and identifies un-integrated and distortion ridden agricultural market as the one of the most striking problems in agriculture growth.
Revive public investment to improve investment climate: Economic Survey 2014-15
Feb 27, 2015, at 07:53 pm
New Delhi, Feb 27 (IBNS):To improve the investment climate and reduce the backlog of stalled projects, Economic Survey 2014 – 15, tabled by the Union Finance Minister Arun Jaitley in the Parliament Friday, argues for a three-pronged strategy: