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No India rating upgrade for now, say rating agencies

PTI

Country's delayed fiscal consolidation roadmap flagged »

ATF price hiked by 8.2%; non-subsidised LPG to cost Rs 5 more

Jet fuel price was today hiked by a steep 8.2 per cent while the rates of non-subsidised LPG was increased by Rs 5 per cylinder

PTI

Jet fuel price was today hiked by a steep 8.2 per cent while the rates of non-subsidised LPG was... »

107 PSUs apply for coal block allotment

Our Bureau

The Coal Ministry has received 107 applications from Central and State Government public sector... »

Mufti Sayeed-led PDP-BJP govt takes over in J&K

Mufti Mohammad Sayeed (file photo)

PTI

A new coalition government headed by PDP veteran Mufti Mohammed Sayeed today took over the reins... »
BUDGET IMPACT

Super rich senior citizens to take biggest hit

Rich senior citizens above 60 years of age with an income of Rs 1 crore would have to pay additional tax of Rs 64,550 a year.

PTI

Individuals with an annual income of above Rs 10 lakh but below Rs 1 crore have emerged as the b... »

World Cup: Thirimanne, Sangakkara score tons to thrash England

Sri Lanka's Kumar Sangakkara (L) and Lahiru Thirimanne celebrate beating England in their Cricket World Cup match in Wellington, March 1, 2015. Photo: Reuters

Reuters

Lahiru Thirimanne and Kumar Sangakkara both scored centuries as Sri Lanka posted the highest suc... »

Jaitley means business

R Srinivasan

Riding on the back of an economic revival, the Finance Minister lays the groundwork for a virtuous cycle of investment and growth »  

Opinion

Columns

BY INVITATION

Contempt for the common man

Left out Scrounging around Galina Mikhalishina/shutterstock.com

MANISH TEWARI

The Budget falls flat. And by ignoring the substantive work done by the UPA, it has taken many steps back »
BY INVITATION

A great leap forward

Too good to be true? Vibrant with colour and purpose Cranach /shutterstock.com

KUMAR MANGALAM BIRLA

The Budget backs up vision with initiatives, creating a workable formula for growth »

Editorial

Eyes on the horizon

Rather than give in to narrow and pressing compulsions, Jaitley’s Budget takes a five-year view for pushing investment and growth »

Opinion

BY INVITATION

It’s not all hunky-dory

Not quite on track Treading a tricky path to growth Parth Sanyal

PULAPRE BALAKRISHNAN

There is some juggling of numbers, some stealing of thunder, some safe moves and some initiatives »
BY INVITATION

Farming growth

AJAY SHRIRAM

The Budget offers necessary succour to the agriculture sector »

Banking

Gold deposit scheme can fetch Rs 1 lakh crore: SBI Research

PTI

Describing the proposed gold deposit scheme as “game changer”, the SBI’s economic research depar... »

Budget

Budget 2015: Four tax moves to fatten your purse​

Parvatha Vardhini C

What’s changed An increase in basic tax exemption limit and a raising of tax sla... »

Budget

The Modi imprint on the Budget

Aarati Krishnan

Jaitley’s first full-fledged Budget is his own, but it was impossible to miss the Prime Minister’s stamp »

News

Petroleum dealers call for 15-min blackout on March 21

Our Bureau

All India Petroleum Dealers Association has called for a 15 minute blackout on March 21 over concern on unplanned price fluctuations of public sector oil marketing companies. The All India Petroleum Dealers Association has called for a 15 minute blackout on March... »
More News »

Budget

Budget Special

Higher rebate for health cover is advantage insurance sector

Our Bureau

Insurers expect a Jan Dhan-like boost with new scheme announcements »
More Banking »

Budget

Budget Special

Irrigation, water efficiency to drive yield

Our Bureau

Creation of national agricultural market to help moderate price rise and improve agricultural income proposed »
More Agri-biz »

Budget

Budget 2015: Home buyers will have to pay more

Anil Urs

Regulation on development: Real estate taking over the forest lands. The increase of nearly 2 per cent in service tax is going to increase the overall costs of home... »

Opinion

BY INVITATION

Balanced and pro-growth

RAJAN BHARTI MITTAL

Right balance For development vectoraart /shutterstock.com Focus on infrastructure development and financial inclusion are welcome »

Budget

Govt pro-poor and pro-industry: Jaitley

PTI

Union Finance Minister Arun Jaitley along with MoS Finance, Jayant Sinha, during the post-Budget media interaction, in New Delhi on Saturday. Emphasising the need for a balancing act between infrastructure and welfare spending, Finance... »

Politics

‘Modi’s first Budget has failed the people’

Our Bureau

No cause for cheer Former Finance Minister P Chidambaram in New Delhi on Saturday PTI Jaitley has favoured corporates and income-tax payers, says Chidambaram »
More Politics »

Budget

Jaitley justifies cut in corporate tax rates

Shishir Sinha

Finance Minister Arun Jaitley The high rate is one of the reasons for investors moving out, says Finance Minister »
More Economy »

Budget

Budget Special

Higher rebate for health cover is advantage insurance sector

Our Bureau

Insurers expect a Jan Dhan-like boost with new scheme announcements »
More Banking »

Budget

Budget 2015: New law to curb black money menace

PTI

The government will also take steps to incentivise use of credit and debit cards and putting a cap on cash transactions. Under attack over unearthing black money, government today came out with a proposal for a compre... »

Budget

Union Budget 2015-16

Government to revamp laws governing salary payment

PTI

Right to choose take home pay will increase the share of our formal labour force, says TeamLease offering employees The government today proposed to revamp laws governing salary payment and granting employees a c... »

Gold & Silver

Union Budget 2015-16

Govt to launch gold accounts, keep import duty at record high

Reuters

India will introduce gold deposit accounts to utilise the 20,000 tonnes available within the cou... »

BL Ink

Cover

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 »
Today's Poll
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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.
  • This week’s Oscars exemplified the male domination of Hollywood, an industry where actresses still get lower pay, less meaty roles and fewer big-budget films than actors »


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