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Tenali (Guntur District), February 27  
Two women scientists to get Nayudamma award

The ‘Dr Yelavarthy Nayudamma Memorial Award 2014’ will be conferred jointly on two women scientists here on Sunday at NRS Kalyana Kala Sadan, according to a press release issued by P Vishnu Mu... »

New Delhi, Feb 27  
Amitabh buys 1.5 lakh shares in Fineotex Chemicals; raises stake to 5.58%
Bollywood actor Amitabh Bachchan has raised his stake in chemicals firm Fineotex Chemicals to 5.58 per cent.Bachchan acquired 1.5 lakh shares equivalent to 0.67 per cent of the company’s to... »
Kochi, Feb 27  
Sreesanth was attacked in Tihar jail: Family
In a sensational claim, noted Malayalam singer Madhu Balakrishnan today said his brother-in-law and cricketer S Sreesanth survived a murder attempt in Tihar jail where he was lodged in connection... »

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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 »

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