FDI cap on insurance raised to 49%

Our Bureau

DIPP issues press note asking DEA and RBI to make changes in the Foreign Exchange Management Regulation »

Ola buys TaxiForSure for $200 mn

Our Bureau

Online cab aggregator Ola has acquired its competitor TaxiForSure for $200 million in a cash and... »

Core sector growth slows to 13-month low of 1.8% in January


Growth in eight core industries slowed down to 1.8 per cent in January, the lowest in at least 1... »

RBI targets below 6 per cent inflation by January 2016

Shishir Sinha

The Government and the Reserve Bank of Indian have agreed on the target of 2 to 6 per cent for i... »

Manufacturing PMI slows to 5-month low of 51.2 in Feb


India’s manufacturing activity expanded at its slowest pace in five months in February as a slow... »



Overall, a positive roadmap for growth

Action speaks No point droning on about promises Konrad Mostert/


But for the Budget to click, it all depends upon implementation and delivery »  

Some hope for the middle class

Looks good But tax proposals could have been better Gts/

Himanshu Patel/Basant Gadhyan

Individuals and senior citizens have received attention. But they could have done with more incentivising »  


Fixing PPPs

Government must find the golden mean between mitigating private risk and enhancing public return »  


Sowing the seeds of change

Watering growth Make sure there are right nutrients SERGEY NIVENS/SHUTTERSTOCK.COM

Girish Vanvari / Krishnan TA

The finance minister has laid out an impressive roadmap, but there are certain interesting caveats »  

Sound in intent

Varun Berry

But in execution lies the key »  

Social Media

Selfie culture here to stay: experts


As many as 85 per cent respondents in a new survey said they post a selfie once a week on soc... »


Adlabs IPO price band at Rs 221-230/share


Manmohan Shetty, CMD, Adlabs Entertainment Ltd., along with his daughter Pooja Shetty Deora, at a press conference to announce company's public issue in Mumbai on Monday. - Photo: Paul Noronha Adlabs Entertainment plans to raise upto Rs 467 crore through its initial public offering that o... »


Mutual Funds line up 34 NFOs led by positive market rally


Mutual fund companies have lined up nearly three dozen New Fund Offers (NFOs) and have filed dra... »


PM takes lunch in Parliament canteen, pays Rs 29 for ‘thali’


Prime Minister Narendra Modi Prime Minister Narendra Modi today surprised some MPs having lunch in Parliament’s canteen as he... »
More News »


FinMin wants PSU banks to consolidate, merge

Shishir Sinha

In a step towards consolidation, the Government wants banks to consider merger. It has also prop... »
More Banking »


Indian rice exports to plunge as Thailand offloads stocks


A Thai farmer loads paddy onto a truck. India's rice exports will struggle to compete with cheaper cargoes from No.1 seller Thailand in... »
More Agri-biz »


Google to rank websites based on facts not links


Google plans to rank websites on its search engine based on factual accuracy, a move that will p... »


Govt brings more sectors under priority sector lending

Shishir Sinha

Loans of up to Rs 10 crore to renewable energy will get priority sector tag The Government has proposed to bring more sectors such as medium enterprises and renewable energ... »


Samsung unveils sleek new Galaxy S6 phones


A hostess displays the Galaxy S6 edge (L) and Galaxy S6 smartphones at the Samsung Galaxy Unpacked event before the Mobile World Congress in Barcelona on Monday. Samsung Electronics Co Ltd unveiled its latest Galaxy S smartphones featuring a slim body made f... »


Bajaj Auto motorcycle February sales fall 21%


Bajaj Auto, the second-largest motorcycle manufacturer by sales reported a 13 percent rise in second-quarter profit. Bajaj Auto today reported a 21 per cent decline in motorcycle sales at 2,16,077 units in Februar... »
More Companies »


Manufacturing PMI slows to 5-month low of 51.2 in Feb


India’s manufacturing activity expanded at its slowest pace in five months in February as a slow... »
More Economy »


Dalmiya returns as BCCI President, Anurag Thakur new Secretary

Our Bureau

The BCCI AGM has generated a lot of interest and a huge media contingent was at hand to cover the meeting in Chennai‎ on Monday. Jagmohan Dalmiya is the new President of the Board of Control for Cricket in India. He was elect... »
More Sports »


Govt announces details of new insurance, pension schemes

Shishir Sinha

New schemes aim to cover workers of unorganised sectors besides the poor and vulnerable sections of the society. The Finance Ministry has announced detailed guidelines for three social security schemes announc... »


Congress replaces PCC presidents in five states

Our Bureau

Rahul Gandhi Relenting to the pressure tactics of its vice president Rahul Gandhi, the Congress replaced five... »


Coal cess not enough to cut emission: CSE

Our Bureau

The Budget proposals for 2015-16 has no strategy in place to address green concerns, the Centre... »

BL Ink


Eyes wide open

Vidya Ram

Cradle to grave: The National Health Service of Britain is not flawless, but it has helped millions of lives Indian doctors have always played a major role in the National Health Service of the UK. But their story is equally about assimilation and success as it is about compromise and bias »
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Budget 2015 highlights

  • Following are the highlights of the Union Budget 2015-16 presented by Finance Minister Arun Jaitley in Parliament today:
  • No change in personal Income Tax * Health Insurance Premium deduction hiked from Rs 15,000 to Rs 25,000; for senior citizens to Rs 30,000
  • Transport allowance exemption hiked to Rs 1,600, from Rs 800 per month
  • Additional 2% surcharge on people earning over Rs 1 cr; to fetch Rs 9,000 cr
  • Wealth tax abolished
  • Direct Taxes Code (DTC) dropped
  • Rs 50,000 deduction for contribution to New Pension Scheme
  • To lower Corporate Tax to 25% over next four years
  • GAAR implementation deferred by 2 years to April 2017
  • Service Tax rate hiked to 14%, from 12.36%
  • Tax free bonds for roads, railways, irrigation projects
  • 2015—16 growth between 8—8.5%, double digit growth feasible
  • Retail inflation close to 5% by March, room for monetary policy easing
  • To achieve fiscal deficit of 3% of GDP by 2017—18
  • Fiscal Deficit target 3.9% in 2015—16, 3.5% in 2016—17
  • Revenue Deficit to be 2.8% in 2015—16
  • Current Account Deficit for 2014—15 to be below 1.3% of GDP
  • To introduce comprehensive law to deal with black money
  • Benami property transaction bill to tackle black money transaction in real estate soon
  • 100% deduction for contribution to Swachh Bharat, Clean Ganga projects
  • GST to be put in place by April 1, 2016
  • Internationally competitive direct tax regime to be put in place to incentivise saving
  • Incentivise use of credit, debit cards; disincentivise cash transaction to curb black money.
  • The Finance Minister has covered good ground, but more needs to be done »

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