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Budget 2014-15 News

26 Aug 2014

PowerMin moves Cabinet note to ensure coal supply for plants

The Power Ministry has moved a draft Cabinet note to ensure coal linkages for power projects which are already commissioned or are likely to be commissioned by March.

Debt mutual funds

23 Jul 2014

Finance Ministry examining Budget proposal to double tax on debt MFs

The Finance Ministry is examining to tweak the Budget proposal for hiking capital gains tax to 20 percent for debt mutual funds following representation from the industry, Economic Affairs Secretary Arvind Mayaram said on Wednesday.

16 Jul 2014

Post-Budget, MFs fear redemptions worth Rs 2 lakh crore

Concerned over additional tax proposals made in the Budget 2014-15, mutual funds fear that redemptions in investments worth over Rs 2 lakh crore that could put a huge burden the banking sector.

12 Jul 2014

Budget has brought clarity in tax policies: FinMin

Government on Saturday said the Budget 2014-15 has brought about clarity in tax policies and it will walk the difficult path to bring growth impulses back into the economy amidst fiscal constraints.

11 Jul 2014

Rating agencies say Jaitley's fiscal targets hard to achieve

Rating agencies on Friday said Finance Minister Arun Jaitley's assumption of containing fiscal deficit at 4.1 percent of GDP is difficult to achieve given the poor outlook on the revenue front and absence of reduction in subsidies.

11 Jul 2014

Indian businessmen in Singapore welcome latest Budget

The Singapore Indian Chamber of Commerce and Industry (SICCI) praised India's decision to raise the cap on foreign direct investments (FDI) to help the Indian economy.

11 Jul 2014

Bankers welcome Budget, say it ushers in growth environment

Bankers on Thursday hailed Finance Minister Arun Jaitley's maiden budget, saying it would create an enabling environment for future growth.

Union Budget 2014

10 Jul 2014

Trade and industry welcome the Budget

The budget focused on how the growth of the country will be, by covering needs of all the sectors, R R Balasundaram, President, Local Chapter of Indian Chamber of Commerce and Industry.

Union Budget 2014

10 Jul 2014

Industry captains hail Modi govt's first Budget

Industry players said it sets the tone for attaining higher growth trajectory, job creation and attracting investments for an economy grappling with multiple challenges.

Union Budget 2014

10 Jul 2014

Union Budget 2014-15: Healthcare sector welcomes move for more AIIMS in India

Arun Jaitley said two key initiatives -- free drug service and free diagnosis service -- would be taken up on priority as part of move towards 'Health for All'.

Union Budget 2014

10 Jul 2014

Union Budget 2014-15: Industry welcomes boost to renewable energy in Budget

The industry experts said the focus on the solar energy sector will give a deserving boost to solar companies to increase generation capacity .

Union Budget 2014

10 Jul 2014

Union Budget 2014-15: Rupee logs worst drop in a month, down 44p at 60.19 vs dollar

Thuesday's fall of 44 paise, or 0.74 percent, is the worst drop of since the 52 paise plunge on June 13, 2014.

Union Budget 2014

10 Jul 2014

Union Budget 2014-15: Income tax sops in budget, smokers will pay more

In post-budget comments, the minister said there will be no fresh liability but also ruled out refunding taxes collected over the last 30 or 40 years.

Union Budget 2014

10 Jul 2014

Vodafone to continue international arbitration on tax case

The minister said the sovereign right of the government to undertake retrospective legislation is unquestionable.

Union Budget 2014

10 Jul 2014

NSE, BSE welcome Union Budget 2014-15

BSE MD & CEO Ashishkumar Chauhan said that government's announcement to bring down fiscal deficit to 3.6 per cent in 2015-16 and implementation of GST within a time frame was the biggest positive from the budget.

Union Budget 2014

10 Jul 2014

Budget is 'sanjeevani' for moribund economy: PM

He said the Budget is in line with making India skilled and digital, guided by the usage of the latest technology.

Union Budget 2014

10 Jul 2014

Union Budget 2014: APAs to cover previous 4 yrs deals, to reduce TP disputes

With regard to arm's length price for computing tax liability under the transfer pricing rules, he said a new "range concept" would be introduced in line with the international practices.

Union Budget 2014

10 Jul 2014

Union Budget 2014: Raising of FDI cap in insurance may help pharma industry

Finance Minister Arun Jaitley on Thursday proposed raising the FDI cap from 26 percent to 49 percent.

Union Budget 2014

10 Jul 2014

Union Budget 2014: Experts say personal tax sops to boost savings, consumption

KPMG India personal taxation partner Vikas Vasal said, "Tax relief provided to individuals is welcome especially when the government faced tough macroeconomic situation."

Union Budget 2014

10 Jul 2014

Union Budget 2014: 'Budget credit positive, but implementation is the key'

All these measures will result in a revenue loss of Rs 22,300 crore to the government this fiscal, the Minister said, while indirect tax increases will fetch only under Rs 8,000 crore.

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