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The plan has given hope to electric vehicles manufacturers for revival of the sector.
The plan has given hope to electric vehicles manufacturers for revival of the sector.

Vehicle makers expect early rollout of electric mobility plan

Govt to provide ₹14,000-cr subsidies to manufacturers
The National Electric Mobility Mission Plan (NEMMP) 2020 is expected to be rolled out in... »

Cabinet to decide today India’s stand on WTO trade pact

The Cabinet will decide on Wednesday whether India would ratify a trade facilitati... »

Govt to continue UPA measures to contain deficit

Arun Jaitley
Curbs on gold import likely to stay
Curbs on gold import are likely to stay with Finance Minister Arun Jaitley saying the Go... »

Norms for green clearances to be simplified

Prakash Javadekar
Will strive to get ₹35,000 cr blocked in litigations released: Environment Minister
Promising development without destruction of environment, the Government on Tuesday said... »

New report forecasts boost for India’s construction sector in 2015

India’s construction sector is forecast to grow at 7-8 per cent each year over the next decade. »

Economy

ECBs decline by over 3% to $1.89 b: RBI

Borrowings by Indian firms declined by over 3 per cent from a year ago to $ 1.89 billion in June... »

Economy

India cuts down dependence on Iran oil

India has cut its reliance on Iran for meeting its oil needs to less than 6 per cent as it raised... »

Economy

Restrictions on gold imports likely to stay: Govt

Curbs on gold import are likely to remain in place with Finance Minister Arun Jaitley today sayi... »

‘16 States ready to de-list fruits and vegetables’

Harsimrat Kaur Badal As many as 16 States are in the process of delisting fruits and vegetables from the APMC Act, said Food Processing Minister Harsimrat Kaur Badal. “These States have amended the Act partial... »

ECBs decline by over 3% to $1.89 b: RBI

Borrowings by Indian firms declined by over 3 per cent from a year ago to $ 1.89 billion in June 2014, according to Reserve Bank data released on Tuesday. During June 2013, India Inc had ra... »

Restrictions on gold imports likely to stay: Govt

Curbs on gold import are likely to remain in place with Finance Minister Arun Jaitley today saying the government is inclined to continue with this measure along with other steps taken by the prev... »

Top priority for digital connectivity of all post offices, says Prasad

Ravi Shankar Prasad Proper digital connectivity of all post offices in the country is top priority for the Government, Telecom Minister Ravi Shankar Prasad told the Lok Sabha here on Monday. Replying to ques... »

Raju calls meeting on poor upkeep of Chennai airport

Taking a grim view of the upkeep of Chennai airport, Union Minister for Civil Aviation Ashok Gajapathi Raju, has called a meeting of the Airport Director and other senior officials here on Thursda... »

Jaitley urges I-T officials to unearth black money within the country

Firm measures Finance Minister Arun Jaitley and Chairman Central Board of Direct Taxes RK Tiwari at the annual conference of top honchos of Income Tax Department in New Delhi. KAMAL NARANG Finance Minister Arun Jaitley has asked income tax officials to unearth black money within the country, which he said was ‘quite large’. He, however, did not give any numbers. Addressing... »
MONSOON MATTERS

No impact of delayed rains on hydro power generation

Low rainfall doesn’t have direct implications on India’s power generation capabilities. But heavy rains can play spoilsport in electricity supplies as they damage infrastructure. In India... »

Law Ministry okays to search & seizure power for SEBI

The capital market regulator, SEBI, is set to retain its search and seizure power with the Law Ministry endorsing what has been prescribed in this regard in an Ordinance. ... »

Govt nod for Hindustan Cables takeover

Defence Ministry has approved the takeover of ailing Hindustan Cables by Ordnance Factory Board, and the Board for Reconstruction of Public Sector Enterprises will take a call in this regard after... »

Chinese power gear imports on rise, says Goyal

Imports of Chinese power generation equipment have increased in the last few years, the government said today. “The imports of power generation equipment (main plant equipment) from China... »

Care Ratings expects pent up demand to push cement cos profitability

New local currency bond rules are a positive for banks: Moody’s

If there is any uptick, we are ready to move faster

Karnataka mulls funding agency for tourism

India slips 10 places in innovation rankings; worst among BRICS nations

No hike in LPG, kerosene prices: Minister

Recapitalisation of PSU banks is on high priority: Jaitley

Draft Cabinet note on SBI stake sale likely next month

Procurement from small sector may be made mandatory for mega projects

March to progress K Chandrasekhara Rao (second left), Chief Minister of Telangana, addressing industrialists and small-scale entrepreneurs at the interaction meeting on the new industrial policy in Hyderabad on Tuesday.
Rajiv Sharma, Chief Secretary and S Narsing Rao, Principal Secretary to CM, are also seen. - PV SIVAKUMAR

The Telangana Government would make it mandatory for mega industrial projects to procure a certain part of their requirements from the local small-scale industry. The proposed new industria... »

India cuts down dependence on Iran oil

India has cut its reliance on Iran for meeting its oil needs to less than 6 per cent as it raised imports from countries like Columbia and Mexico.India imported 11 million tonnes of crude oi... »

‘Modern retail may hold the key to controlling food inflation’

Modern trade retailers are set to come to the rescue of spiralling food inflation. The Consumer Affairs Ministry recently called for suggestions from top retailers to contain the surge in retail p... »

Illegal mining: Shah panel blames Jharkhand for delay in lease renewals

The Justice MB Shah Commission on illegal mining in Jharkhand has blamed the State Government for allowing miners to operate for long periods — decades even — without proper permission.»

AP Cabinet nod for Petronet LNG project

The Andhra Pradesh Cabinet on Monday approved the proposal of Petronet LNG to set up an LPG terminal at Gangavaram port near Visakhapatnam.Announcing the development, the State Chief... »

No need to ban onion exports, say Agriculture, Commerce Ministries

The Agriculture and Commerce Ministries do not want onion exports to be banned as there has been a fall in outbound shipments following the imposition of minimum export price (MEP) last mon... »

MONSOON MATTERS

Hydro power companies in safe waters

Power produced by most listed power companies seem to be unaffected by deficient rains. This is because many hydro-power projects have been set up on rivers that are fed not only by rain... »
MACROSCAN

How “buoyant” are Central Government taxes?

Just another gamble Fiscal targets in the Budget NATA789/SHUTTERSTOCK.COM One of the features of several Union Budgets over the past decade and more has been the tendency to window-dress the projected accounts through very optimistic expectations of tax revenues. ... »

Black money: OECD unveils automatic info exchange framework

In a major development in the fight against black money, multilateral grouping OECD today unveiled a ‘single global standard’ for automatic exchange of financial account information by various cou... »

Coal scam: CBI examines TKA Nair

CBI has examined TKA Nair, advisor to former Prime Minister Manmohan Singh, in connection with its probe into alleged irregularities in the allocation of coal blocks when Singh was also holding th... »

Digital connectivity of all post offices a top priority: Prasad

Jaitley: Revenue collection expected to exceed target this fiscal

Banking on BRICS

‘Budget has set the tone for economic reforms’

G-33 backing strengthens India’s stand on food subsidy at WTO

Airline shooting, India provide drama at G20 meet

Modi asks officials to minimise pendency of help request from PM's Relief Fund

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.

  • DATA BANK

    Exchange Rate

    Dollar Spot Forward Rate

    Open-Ended Mutual Funds

    MCX-SX Currency Futures

    NSE Currency Futures

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