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Union Budget 2014: Govt to review DTC bill in its present form :Jaitley

Last Updated: Thursday, July 10, 2014, 15:25

Finance Minister Arun Jaitley Thursday said the government will review the ambitious Direct Taxes Code, which proposed overhaul of the six-decade old Income Tax Act in its present shape and take a view on the whole matter.

Union Budget 2014: Govt announces Rs 1,500 cr for irrigation, checking prices

Last Updated: Thursday, July 10, 2014, 15:21

Faced with a drought-like situation and high food prices, the government today announced a Rs 1,000 crore scheme to boost irrigation and also set up Rs 500 crore price stabilisation fund to rein in food inflation.

Union Budget 2014: Govt to formulate new urea policy

Last Updated: Thursday, July 10, 2014, 15:17

Finance Minister Arun Jaitley in his Budget 2014-15 Thursday announced that a new policy for urea will be formulated.

Union Budget 2014: Expert views: Jaitley sticks to fiscal deficit target of 4.1%

Last Updated: Thursday, July 10, 2014, 15:02

Finance Minister Arun Jaitley said the country will stick to the fiscal deficit target of 4.1 percent of gross domestic product (GDP) set by the previous government for the year ending March 2015.

Union Budget 2014: Govt to take effective steps to revive SEZs: Jaitley

Last Updated: Thursday, July 10, 2014, 14:48

Expressing commitment to revive special economic zones, the government Thursday said it would take "effective steps" to make them instruments of industrial production, economic growth, export promotion and employment generation.

Union Budget 2014: IT rates unchanged; sops to small, marginal assessees in Bud

Last Updated: Thursday, July 10, 2014, 14:34

The Budget for 2014-15 Thursday left income tax rates unchanged but provided sops to small and marginal assesses by raising the threshold exemption limit from Rs 2 lakh to Rs 2.5 lakh and investments under 80C by Rs 50,000 to Rs 1.5 lakh while promising not to bring tax changes with retrospective effect.

Union Budget 2014: Import duty on stainless steel up 7.5%, to help domestic firms

Last Updated: Thursday, July 10, 2014, 14:30

In a major relief to domestic stainless steel industry, reeling under severe under- utilisation of capacity, the government Thursday increased import duty on flat-rolled products from 5 percent to 7.5 percent.

Union Budget 2014: Disinvestment target revised upwards to Rs 58,425 cr

Last Updated: Thursday, July 10, 2014, 14:11

Finance Minister Arun Jaitley Thursday raised the disinvestment target for the current fiscal to Rs 58,425 crore.

Union Budget 2014: Footwear stocks gain up to 10% on excise duty cut

Last Updated: Thursday, July 10, 2014, 14:07

Shares of footwear makers gained as much as 10 percent Thursday after the Finance Minister proposed reduction in excise duty.

Union Budget 2014: Govt announces to launch new TV channel for farmers

Last Updated: Thursday, July 10, 2014, 13:39

The government Thursday announced a new 24-hour TV channel dedicated to agriculture sector with an outlay of Rs 100 crore for providing real-time information to farmers.

PSU banks stock down after Budget announcement

Last Updated: Thursday, July 10, 2014, 13:10

Shares of public sector banks declined by as much as 4.3 percent after Finance Minister Arun Jaitley Thursday said the lenders would require Rs 2.40 lakh crore capital by 2018 to meet global Basel III norms.

Govt allocates Rs 500 cr for Internet connectivity in villages

Last Updated: Thursday, July 10, 2014, 12:37

The government Thursday said it will allocate Rs 500 crore for its 'Digital India' initiative to set up broadband network in villages and promote local manufacturing of hardware and Indian software products.