SEARCH
More »

Packed with loads of space and a decent kit, the Mobilio comes with Honda’s promise of reliability and efficiency »

More tax concessions when economy improves: Jaitley

Finance Minsiter Arun Jaitley
The Finance Minister, Arun Jaitley today promised more concessions in income tax when the econom... »

No plan to set up sovereign wealth fund for now: Mayaram

Arvind Mayaram
India is not looking to set up any sovereign wealth fund (SWF) for now, the Finance Secr... »

Decision yet to be taken on introduction of GAAR

(Top from left) Dr. G.S. Sandhu, Secretary, Financial Services, Finance Secretary Arvind Mayaram and Revenue Secretary Shaktikanta Das at the FICCI conference. (below) Finance Secretary Arvind Mayaram flanked by Dr. G.S. Sandhu, Secretary, Financial Services and Sidharth Birla, president FICCI (Right) at an interactive session on Union Budget 2014-15 with FICCI members,in New Delhi, on Saturday. Photo: Kamal Narang
The Finance Ministry has clarified that no final decision has been taken on implementation of Ge... »  

Heat wave scorches Northwest as rain drenches central, south India

A heat wave in mid-July, and in the midst of monsoon? Yes, this is what is exactly hap... »

Narendra Modi to leave for BRICS summit in Brazil on July 13

A file image of Prime Minister Narendra Modi
Prime Minister Narendra Modi will leave tomorrow for Brazil for attending the five-nation summit... »

Opinion

Columns

PULAPRE BALAKRISHNAN

Good times, but not just yet

Food first There is no visible strategy in the Budget to boost food productivity D GOPALAKRISHNAN
The Budget presents a surprisingly inclusive vision, but lacks a coherent plan to boost growth or contain inflation
Finally, we have been presented the first Budget of the Narendra Modi Government. Since he had la... »

Thomas K Thomas

FROM THE VIEWSROOM

Mixed signals

What’s the deal with FDI in e-commerce?
Soon after Finance Minister Arun Jaitley concluded his Budget speech, a number of e-commerce play... »

Editorial

The Trust deficit

REITs and Invits are sound ideas, but it may be a while before they find full acceptance
The Finance Minister has attempted to channel funds into the infrastructure and realty sectors by... »

Opinion

Now, for a manufacturing revival

Golden chance Make the right moves MARADONNA 8888 / SHUTTERSTOCK.COM
The Government has signalled its intent. Following up on logistics and land acquisition is a must
India’s overwhelming vote for political stability and economic change has infused the country... »

News

Bandh hits normal life in Telangana

The Nalgonda bus station is deserted as buses go off roads due to the Telangana bandh on Saturday. Photo:Singam Venkataramana
Normal life in Telangana, including in the State capital Hyderabad, has been hit by a bandh call... »

Sports

FIFA World Cup: Germany prepares to wreak Messi's dream

A German side eyeing a place in history will attempt to wreak Lionel Messi’s dream of a World Cu... »

Budget

Budget ‘balances inflation control and growth’

Budget thoughts: (from left) Jawahar Vadivelu, Chairman, SICCI; Anand Radhakrishnan, CIO, Franklin Templeton; and G Sundaram, Former Secretary, Ministry of Commerce and International Trade, at a BusinessLine panel discussion on the Budget. - BIJOY GHOSH
Moves on retrospective taxation and transfer pricing welcome
The Union Budget for 2014-15 has managed to strike a balance between the need to control inf... »

Economy

Cutting deficit: Moody’s flags lack of details in Budget

Right nutrients Higher spending on irrigation, roads and other infrastructure could speed up growth
But the target addresses a key constraint on rating and may strengthen govt finances
Moody’s Investors Services has said that the BJP Government’s maiden Budget lacks details on... »

Stocks

SEBI gears up to notify final guidelines for REITs

A long standing demand of the real estate industry and a third attempt by the market regu... »
More Stocks »

News

Bandh hits normal life in Telangana

The Nalgonda bus station is deserted as buses go off roads due to the Telangana bandh on Saturday. Photo:Singam Venkataramana
Normal life in Telangana, including in the State capital Hyderabad, has been hit by a bandh call... »
More News »

Economy

At 4.7%, factory output at 19-month high in May

Growth seen across all sectors
Industrial production recorded 4.7 per cent growth in May 2014, a nineteen-month high. This... »

Forex

Rupee ends higher at 59.93

The rupee strengthened to 59.93 at close on Friday after a large corporate house sold dollars in... »

Companies

‘Collecting data has become easier’

Mohan Jayaraman, Country Manager of Experian India
Credit information bureau Experian India sees membership growing
Experian India set up its credit information bureau operations in India three years ago. The... »

Commodities

Sugar output seen 4% higher at 25.3 million tonnes, says ISMA

Higher acreage and better yields in Maharashtra, Karnataka to push up output
Sugar output for the 2014-15 season starting October is projected to be 4 per cent higher... »
More Commodities »

Today's Pick

Indiabulls Real Estate (₹85.2)

The stock of Indiabulls Real Estate tumbled more than 8 per cent accompanied by above average vo... »  
More Today's Pick »

Catalyst

Mired in the male gaze

SRINIVASA RAO Head – Marketing, Lifestyle International
Into the 21st century, but our ads are still full of stereotypes of women. It’s time for change
It is high time that the stereotypical portrayal of the Indian woman as the keeper of the kitche... »
More Catalyst »

Forex

India’s forex reserves up $614.6 mn

India’s foreign exchange (forex) reserves increased by $614.6 million to $316.39 billion in the... »

Commodities

Bay lobs in fresh ‘low’ to guide monsoon rain into central parts

A low-pressure area has formed over the north-west Bay of Bengal off the West Bengal-Odis... »

Budget

When Jaitley took a ‘cramp’ break…

… and the Opposition maintained a Manmohanesque silence
Finance Minister Arun Jaitley’s first Budget presentation seemed a staid affair till the... »

BL Ink

Cover

When the rain clouds roll in

The night belonged to the amphibians
In the forests of Agumbe, even before the monsoon arrived, the air was heavy with the promise of rain and the smell of wild jackfruit
Powder puff clouds built up during the June day, but then wafted away across the sky above Agumb... »

Portfolio

Portfolio

Reshuffle your fund portfolio

SYDA PRODUCTIONS/
SHUTTERSTOCK.COM
Equity mutual funds are rocking. But the performance record of several chart-topping funds has not been consistent over longer periods. Make the most of the good times and replace the flashy funds with stable ones
When a bull market is in progress, returns of 80, 90 or 100 per cent in individual stocks don... »

Catalyst

Catalyst

Mired in the male gaze

SRINIVASA RAO Head – Marketing, Lifestyle International
Into the 21st century, but our ads are still full of stereotypes of women. It’s time for change
It is high time that the stereotypical portrayal of the Indian woman as the keeper of the kitche... »

Follow us on...

Union Budget 2014-15 Highlights

  • Following are the highlights of the Union Budget 2014-15 presented by Finance Minister Arun Jaitley in Parliament on July 10, 2014
  • Income-tax exemption limit raised by Rs 50,000 to Rs 2.5 lakh and for senior citizens to Rs 3 lakh
  • Exemption limit for investment in financial instruments under 80C raised to Rs 1.5 lakh from Rs 1 lakh.
  • Investment limit in PPF raised to Rs 1.5 lakh from Rs 1 lakh
  • Deduction limit on interest on loan for self-occupied house raised to Rs 2 lakh from Rs 1.5 lakh.
  • Committee to look into all fresh tax demands for indirect transfer of assets in wake of retrospective tax amendments of 2012
  • Fiscal deficit target retained at 4.1% of GDP for current fiscal and 3.6% in FY 16
  • Rs 150 crore allocated for increasing safety of women in large cities
  • LCD, LED TV become cheaper
  • Cigarettes, pan masala, tobacco, aerated drinks become costlier
  • 5 IIMs to be opened in HP, Punjab, Bihar, Odisha and Rajasthan
  • 5 more IITs in Jammu, Chhattisgarh, Goa, Andhra Pradesh and Kerala.
  • 4 more AIIMS like institutions to come up in AP, West Bengal, Vidarbha in Maharashtra and Poorvanchal in UP
  • Govt proposes to launch Digital India’ programme to ensure broad band connectivity at village level
  • National Rural Internet and Technology Mission for services in villages and schools, training in IT skills proposed
  • Rs 100 cr scheme to support about 600 new and existing Community Radio Stations
  • Rs 100 cr for metro projects in Lucknow and Ahmedabad
  • Govt expects Rs 9.77 lakh crore revenue crore from taxes
  • Govt’s plan expenditure pegged at Rs 5.75 lakh crore and non-Plan at Rs 12.19 lakh crore.
  • Rs 2,037 crore set aside for Integrated Ganga Conservation Mission called ‘Namami Gange’
  • Kisan Vikas Patra to be reintroduced, National Savings Certificate with insurance cover to be launched
  • FDI limit to be hiked to 49% pc in defence, insurance
  • Disinvestment target fixed at Rs 58,425 crore
  • Gross borrowings pegged at Rs 6 lakh crore
  • Contours of GST to be finalised this fiscal; Govt to look into DTC proposal.
  • ‘Pandit Madan Mohan Malviya New Teachers Training Programme’ launched with initial sum of Rs 500 crore
  • Govt provides Rs 500 crore for rehabilitation of displaced Kashmiri migrants
  • Set aside Rs 11,200 crore for PSU banks capitalisation
  • Govt in favour of consolidation of PSU banks
  • Govt considering giving greater autonomy to PSU banks while making them accountable
  • Rs 7,060 crore for setting up 100 Smart Cities
  • A project on the river Ganga called ‘Jal Marg Vikas’ for inland waterways between Allahabad and Haldia; Rs 4,200 crore set aside for the purpose.
  • Govt proposes Ultra Modern Super Critical Coal Based Thermal Power Technology
  • Expenditure management commission to be setup; will look into food and fertilizer subsides
  • Impasse in coal sector will be resolved; coal will be provided to power plants already commissioned or to be commissioned by March 2015
  • Long term capial gains tax for mutual funds doubled to 20%; lock-in period increased to 3 years
  • Rs 4,000 cr set aside to increase flow of cheaper credit for affordable housing to the urban poor/EWS/LIG segment.
  • EPFO to launch the ‘Uniform Account Number’ service to facilitate portability of Provident Fund accounts
  • Mandatory wage ceiling of subscription to EPS (Employee Pension Scheme) raised from Rs 6,500 to Rs 15,000
  • Minimum pension increased to Rs 1,000 per month
  • Union Budget 2014: List of products getting cheaper/ costlier

  • Finance Minister Arun Jaitley today spared the common man from price hikes by keeping duties on commonly used day-to-day items unchanged but made it costlier for smokers and tobacco consumers with a steep increase in excise rate in tax proposals in Budget 2014—15.
  • Following is a list of what will be cheaper and costlier:
  • YOU WILL PAY LESS FOR
  • CRT television
  • LED/LCD TVs especially below 19 inch
  • Footwear priced between Rs 500 to Rs 1,000 per pair
  • Soaps
  • E—book readers
  • Desktop, laptops and tablets
  • RO based water purifiers
  • LED Lights, fixtures and lamps
  • Pre forms of precious and semi—precious stones
  • Sports Gloves
  • Branded petrol
  • Matchbox
  • Life micro insurance policies
  • HIV/AIDS drugs and diagnostic kits
  • DDT insecticides
  • YOU WILL PAY MORE FOR
  • Cigarettes
  • Aerated drinks with sugar
  • Pan masala
  • Gutka and chewing tobacco
  • Jarda scented tobacco
  • Radio Taxi
  • Imported electronic products
  • Portable X—ray machines
  • Half cut/broken diamonds.

  • Get quote

    Today's Poll

    Will the hike in FDI limit help the insurance sector?
    Yes
    No
    Can't say

    Tweets @businessline

    DATA BANK

    Exchange Rate

    Dollar Spot Forward Rate

    Open-Ended Mutual Funds

    MCX-SX Currency Futures

    NSE Currency Futures

    Comments to: web.businessline@thehindu.co.in. Copyright © 2014, The Hindu Business Line.