The Opposition parties on Friday slammed the Union Budget presented by Finance Minister Pranab Mukherjee as "anti-people", "lacklustre" and one that would increase the financial burden on the common man.
The court said that it would now consider the CBI's final report
The government on Tuesday announced setting up of hubs to promote exports through e-commerce medium in public-private-partnership (PPP) mode and initially 10-15 hubs will be established. Finance Minister Nirmala Sitharaman said that these hubs, under a seamless regulatory and logistic framework, will facilitate trade and export-related services under one roof. "To enable MSMEs (micro, small and medium enterprises) and traditional artisans to sell their products in international markets, e-commerce export hubs will be set up in PPP mode," she said.
Finance Minister P Chidambaram on Monday slashed excise duty on cars, SUVs and two-wheelers, and capital goods and consumer durables.
Hinduja Group Chairman S P Hinduja on Saturday hailed the Modi government's Budget as "socially inclusive" that lays a clear roadmap for placing India on double digit growth trajectory in the medium term.
Finance Minister Nirmala Sitharaman on Tuesday said buyback of shares will be taxed in the hands of shareholders similar to dividend from October 1, a move that will increase the tax burden on investors. Further, the cost paid by the shareholder to acquire these shares will be considered for computation of capital gains or loss to them.
He feels that the Budget presents a realistic picture of railway finances.
Though India is one of the fastest growing economies, how big is the country's budget compared to other countries in the world?
In today's perspective, such deprivation and insult has anyone seen"? the former Railway minister said in a Facebook post.
Nasscom wants the Union govt to create a mission with initial seed capital of Rs 500 cr to promote entrepreneurship.
Finance Minister Arun Jaitley presented the Union Budget for 2014-15 on Thursday.
'Budget document should not be treated as something secret any longer.'
In July last, fares were increased by 14.2%.
Will Finance Minister Arun Jaitley's Budget 2016 be able to put India on a growth trajectory?
Giving some relief to tax payers, Finance Minister Pranab Mukherjee on Friday proposed raising the income tax exemption limit for individuals to Rs 2 lakh per annum from Rs 1.80 lakh.
Economy is now turning around, manufacturing appears to be on revival, says FM.
Continuing on the fiscally prudent path, the Modi government in the interim Budget refrained from announcing populist measures, which will help it trim the fiscal deficit to 5.1 per cent of the GDP next fiscal and 4.5 per cent in FY26.
India's luxury trains are among the world's best.
All public sector bank branches will have an automated teller machine by March 31, 2014.
Smokers and tobacco consumers will have to shell out more for their indulgence as Finance Minister Arun Jaitley continued with the crackdown on cigarettes and tobacco products by increasing taxes in the Budget for 2017-18.
The Individual tax payer exemption limit to be raised to Rs 200,000 from Rs 180,000.
Arun Jaitley declared proposal for a comprehensive law.
Budget focuses on boosting investments in infrastructure.
FM may increase income-tax exemption limit to Rs 3 lakh
The Railway Budget for 2016-17 spared passengers and freight from any increase in tariffs.
Without tinkering with the tax rates, Finance Minister Arun Jaitley in his maiden budget provided encouraging signals for domestic and foreign investors.
BJP on Thursday said while claiming the exercise had brought back "hope" into the economy by charting a roadmap for the country's economic resurgence.
After a gap of three years, direct tax collections -- which include corporate tax and personal income tax -- have exceeded the Budget estimates for FY'22, indicating economic recovery.
Passengers travelling in all AC classes and first class will have to pay charges in addition to the recent hike in train fares with the General Budget on Friday bringing journeys in them under the ambit of service tax.
It would be interesting to see what the government proposes to investors.
Morgan Stanley expects the central bank to cut rates this week, 125 bps in cuts through 2015.
The Cabinet has already cleared two proposals that will receive support from the fund.
A roadmap for the consolidation of public sector banks will be outlined during the year.
The railways recently successfully completed an experiment on the Delhi-Agra route for semi-high speed (up to 160 km/hr).
While presenting the Budget for 2022-23, the finance minister also said the strategic transfer of Air India ownership has been completed and strategic buyer for (Neelachal Ispat Nigam Ltd) NINL has been selected. National Asset Reconstruction Co Ltd (NARCL) has commenced its activity, Sitharaman added.
Though the Railway Minister did not propose any increase in basic rail fares, the hike in reservation fees and supplementary charges will mean an increase of Rs 5 to Rs 25 in fares for all classes in superfast trains.
In a live chat on rediff.com on Wednesday, July 16, 4 pm, Feroze Azeez, will offer some valuable suggestions on investments.
India's decrepit state-run train services stand to receive at least a 25 percent boost in investment to over $9 billion.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances