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Finance Ministry examining Budget proposal to double tax on debt MFs

Finance Ministry examining Budget proposal to double tax on debt MFs

Last Updated: Wednesday, July 23, 2014, 22:01

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.

PM Modi set to revamp fin inclusion; to unveil new scheme on Aug15

Last Updated: Sunday, July 20, 2014, 18:08

Prime Minister Narendra Modi is set to give a big boost to the ongoing financial inclusion drive by unveiling a comprehensive programme, to be announced at the Red Fort in his address to the nation on the Independence Day.

“Premium Trains” put Rlys on dynamic tariff track on busy routes

Last Updated: Saturday, July 19, 2014, 09:15

Indian Railway has quietly but surely set itself on the course of completely market driven tariffs on select busy routes and none seems to be complaining!

NDA govt might unveil reform agenda post budget?

Last Updated: Thursday, July 17, 2014, 00:31

Zee Research Group (ZRG) has listed some structural measures which can help the economy in regaining its lost momentum.

Punjab Budget 2014-15: Rehabilitation centres, skill development for youth

Last Updated: Wednesday, July 16, 2014, 19:54

Focussing on youth, Punjab Budget 2014-15 has earmarked Rs 500 crore for skill development and Rs 100 crore for setting up rehabilitation centres for drug addicts in each district, while refraining from imposing fresh taxes.

ISRO to launch two satellites in current financial year

Last Updated: Wednesday, July 16, 2014, 19:04

Indian space agency, ISRO, will launch GSAT-15 satellite in the current financial year and GSAT-16 by mid-2015, the government said on Wednesday.

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

Last Updated: Wednesday, July 16, 2014, 15:30

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.

Budget modestly credit positive for India: Moody's

Last Updated: Monday, July 14, 2014, 18:40

Rating agency Moody's Monday said the budget 2014-15 has outlined steps to support faster economic growth, but absence of detailed implementation plan makes it modestly credit positive for India.

More tax concessions when economy improves: Finance Minister

Last Updated: Saturday, July 12, 2014, 19:35

Finance Minister Arun Jaitley today promised more concessions in income tax when the economy improves.

Budget has brought clarity in tax policies: FinMin

Last Updated: Saturday, July 12, 2014, 17:21

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.

Budget 2014: A blend of Politics & Business

Last Updated: Saturday, July 12, 2014, 10:28

Arun Jaitley’s maiden budget aimed at overhauling the crumbling economy seems to have a strong political message too.

Union Budget `directionless`, `unfeasible`: Congress

Last Updated: Friday, July 11, 2014, 22:34

Trashing the NDA government`s budget as "directionless" and "unfeasible", Congress today slammed Finance Minister Arun Jaitley for going "overboard on mindless populism".