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Budget 2014: Govt allocates Rs 8.93 crore for SIT on black money

Last Updated: Friday, July 11, 2014, 14:33

Government has sanctioned a budget of Rs 8.93 crore for the infrastructure and logistical requirements of the Special Investigation Team (SIT) set up to combat the menace of black money in the country.

Budget: Govt sanctions Rs 13.11 cr for overseas tax offices

Last Updated: Friday, July 11, 2014, 14:20

Government has sanctioned an amount of Rs 13.11 crore for the expenditure of ten Income Tax Overseas Units (ITOUs), created to curb offshore tax evasion and promote foreign investment, in countries like Germany, USA and France.

Ban-hit Goa mining industry sees ray of hope in Budget

Last Updated: Friday, July 11, 2014, 14:04

Goa's beleaguered mining industry on Thursday said certain proposals in the Union Budget are expected to help the resumption of iron ore extraction, which had been stalled in the State since the last two years.

Budget Impact: Free drugs, diagnosis to ensure 'Health for All' priority

Last Updated: Friday, July 11, 2014, 14:03

Aiming to ensure "Health for All," government on Thursday promised to take up on priority initiatives like providing free drugs and diagnostic services besides earmarking Rs 500 crore to set up four more AIIMS-like institutes and earmarked Rs 39,237.82 crore for the sector.

Black money a curse of economy, says Jaitley

Last Updated: Friday, July 11, 2014, 14:00

The Finance Ministry has already constituted a Special Investigation Team (SIT) under the chairmanship of former Supreme Court judge Justice M B Shah.

PF trusts without regular exemption may come under tax net

Last Updated: Friday, July 11, 2014, 13:59

There are 3,621 private PF trusts which are regulated by EPFO.

Industry hails infra reforms announcements in Budget

Last Updated: Friday, July 11, 2014, 13:56

Narendra Modi's maiden budget has paved way for infrastructure reforms and has created a sense of confidence among investors, who are awaiting removal of structural bottlenecks in projects, industry analysts and India Inc on Thursday said hailing announcements.

At Rs 6,000-cr, Modi govt grants 50% jump in ISRO Budget

Last Updated: Friday, July 11, 2014, 13:45

In 2013-14, although the Department of Space was initially given Rs 5,615 crore, that allocation was later revised to Rs 4,000 crore.

Mutual Fund industry says Budget a mixed bag

Last Updated: Friday, July 11, 2014, 13:42

The mutual fund industry on Thursday welcomed the Budget proposal to increase the tax exemption limit under section 80C of the Income Tax Act to Rs 1.5 lakh, but said other measures were a mixed bag.

US investors welcome Modi govt's maiden Budget

Last Updated: Friday, July 11, 2014, 13:35

The maiden Budget of the Modi Government has been hailed by American experts and corporate sector here as a step in the right direction to generate employment and foster growth.

Union Budget 2014-15: Bankers welcome Budget, say it ushers in growth environment

Union Budget 2014-15: Bankers welcome Budget, say it ushers in growth environment

Last Updated: Thursday, July 10, 2014, 23:35

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

Union Budget 2014-15: Govt allows manufacturers to retail on e-commerce platforms

Union Budget 2014-15: Govt allows manufacturers to retail on e-commerce platforms

Last Updated: Thursday, July 10, 2014, 23:24

Finance Secretary Arvind Mayaram said the move is not about allowing foreign retailers to sell items online, but to encourage domestic manufacturing.