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Sensex jumps 171 points on positive global cues

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    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% »  

    How to rejig your portfolio with signals from the Budget

    Nalinakanthi V

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

    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 »
    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 »

    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

    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 »

    News

    Samsung unveils sleek new Galaxy S6 phones

    Reuters

    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... »

    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... »

    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... »
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    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 »
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    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 »
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    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

    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... »
    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... »
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    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?
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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 »

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


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