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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.

Jewellery sector expresses disappointment with Union Budget

Last Updated: Friday, July 11, 2014, 13:24

The gems and jewellery industry which had sought reduction in the gold import duty as well as abolition of the stringent "80:20 norms", expressed its disappointment with Union Budget.

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.

Union Budget 2014-15: Govt will not rely on retro tax amendment, says Jaitley

Union Budget 2014-15: Govt will not rely on retro tax amendment, says Jaitley

Last Updated: Thursday, July 10, 2014, 22:56

"Will this government rely on retrospective tax legislation. My answer is no."

Union Budget 2014-15: Industry hails infra reforms announcements in Budget

Union Budget 2014-15: Industry hails infra reforms announcements in Budget

Last Updated: Thursday, July 10, 2014, 22:25

Earnest & Young's Tax Partner-Infrastructure Practice, Samir Kanabar said Budget 2014 has showered much awaited reforms in infrastructure sector.

Union Budget 2014-15: Govt, RBI to devise modern monetary policy framework

Union Budget 2014-15: Govt, RBI to devise modern monetary policy framework

Last Updated: Thursday, July 10, 2014, 22:14

With prices staying at stubbornly high level, the government and the RBI on Thursday agreed to devise a modern monetary policy framework with clear inflation targeting.

Union Budget 2014-15: Agri industry gives mixed reaction to Budget

Union Budget 2014-15: Agri industry gives mixed reaction to Budget

Last Updated: Thursday, July 10, 2014, 22:05

The Budget's proposals to boost irrigation, agri-research and food processing have been received well by the industry.

Union Budget 2014-15: Industry captains hail Modi govt's first Budget

Union Budget 2014-15: Industry captains hail Modi govt's first Budget

Last Updated: Thursday, July 10, 2014, 21:54

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 2014-15: Proposals in infra, manufacturing to boost auto sector

Union Budget 2014-15: Proposals in infra, manufacturing to boost auto sector

Last Updated: Thursday, July 10, 2014, 21:35

Given the condition of the economy, the direction given in the budget is a positive one and the call for fiscal prudence is a welcome move.

Union budget states-centric: PDP

Last Updated: Thursday, July 10, 2014, 20:47

Terming the Union budget presented by Finance Minister Arun Jaitley as states-centric and gender-friendly, Opposition PDP today welcomed the special funding for various initiatives in Jammu and Kashmir.

People disappointed with Budget, hopes for `achhe din` dashed: SP

Last Updated: Thursday, July 10, 2014, 19:33

The Samajwadi Party today said the Union Budget has "highly disappointed" the people who were expecting that the BJP-led government would usher in `achhe din`.