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

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

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    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

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    Himanshu Patel/Basant Gadhyan

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    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

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    Sound in intent

    Varun Berry

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    Coal Ministry lens on three blocks with low winning bids

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


    Samsung unveils sleek new Galaxy S6 phones


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


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    Petroleum dealers call for 15-min blackout on March 21

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

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    Budget Special

    Irrigation, water efficiency to drive yield

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    Creation of national agricultural market to help moderate price rise and improve agricultural income proposed »
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    No India rating upgrade for now, say rating agencies


    Country's delayed fiscal consolidation roadmap flagged »


    ‘Service Tax to push upcosts for home buyers’

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    Coal India board nod to East Corridor Rail project


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    Govt announces details of new insurance, pension schemes

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    World Cup: Thirimanne, Sangakkara score tons to thrash England


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    Super rich senior citizens to take biggest hit


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    State of panic

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    Bank credit and deposit growth decelerates in Q3


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    Eyes wide open

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    Today's Poll
    Will the gold monetisation scheme yield desired results?
    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.
  • 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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