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The Finance Minister has covered good ground, but more needs to be done »

Jaitley lowers corporate tax. Really?

Radhika Merwin

The 2% increase in surcharge raises the tax rate for companies with income over ₹10 crore from 33.99% to 34.61% »  

Coal Ministry lens on three blocks with low winning bids

Our Bureau

Nominated Authority to re-examine bids of Balco, BS Ispat, Naveen Jindal Group »

How to rejig your portfolio with signals from the Budget

Nalinakanthi V

Infra, IT/telecom and hospitality companies turn top picks »
Our Call

Sadbhav Engineering: geared for the long run - BUY

Bhavana Acharya

Diversity in operations and a healthy order book hold it in good stead »

Jaitley’s proposals may not shore up corporate bottomlines for now

ANMI members at the discussion on “Budget 2015: Impact and Analysis” in Kolkata on Sunday. ASHOKE CHAKRABARTY

Our Bureau

Will send positive signals to global investors, though the devil is in the detail, say experts »

Opinion

Columns

Overall, a positive roadmap for growth

Action speaks No point droning on about promises Konrad Mostert/shutterstock.com

KIRAN MAZUMDAR-SHAW

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/shutterstock.com

Himanshu Patel/Basant Gadhyan

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

Editorial

Fixing PPPs

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

Opinion

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 »  

Economy

Tax concessions not only way forward: Sinha

Tomojit Basu

Jayant Sinha, Minister of State for Finance with Finance Minister Arun Jaitley Indian industry needs to look beyond just tax concessions to grow and the Government will do wha... »

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... »

Economy

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

PTI

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

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 »

Banking

Are Centre and RBI on a collision course on debt management agency?

Our Bureau

RBI Deputy Governor HR Khan A separate watchdog will encourage foreign investment, says Jaitley, while Khan argues the RBI is doing a good job of managing debt »
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 »

Economy

No India rating upgrade for now, say rating agencies

PTI

Country's delayed fiscal consolidation roadmap flagged »

National

‘Service Tax to push upcosts for home buyers’

Anil Urs

The increase of nearly 2 per cent in Service Tax will hike the overall costs of home buye... »

Companies

Coal India board nod to East Corridor Rail project

PTI

The CIL board has given its in-principle approval to East Corridor Railway project that may s... »
More Companies »

Economy

Coal Ministry lens on three blocks with low winning bids

Our Bureau

Nominated Authority to re-examine bids of Balco, BS Ispat, Naveen Jindal Group »
More Economy »

Sports

World Cup: Thirimanne, Sangakkara score tons to thrash England

Reuters

Sri Lanka's Kumar Sangakkara (L) and Lahiru Thirimanne celebrate beating England in their Cricket World Cup match in Wellington, March 1, 2015. Lahiru Thirimanne and Kumar Sangakkara both scored centuries as Sri Lanka posted the highest suc... »
More Sports »

Budget

BUDGET IMPACT

Super rich senior citizens to take biggest hit

PTI

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

Columns

BELOW THE LINE

State of panic

Our Bureaus

Corridor of power A desolate Shastri Bhavan RV Moorthy After Gujarat’s Speaker Ganpat Vasava and MoS Health Shankar Chaudhary and two other MLA... »

Banking

Bank credit and deposit growth decelerates in Q3

PTI

Gross bank credit grew by 10.1 per cent in the December quarter as against 14.2 per cent growth... »

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
Will the gold monetisation scheme yield desired results?
Yes
No
Can't say

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.
  • There are those who dread exams. And then there are those who thrive on acing them year after year »


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