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Budget 2015-16 News

Unclaimed money

01 Apr 2016

Govt sets up fund to use unclaimed money for senior citizens

Government has set up a welfare fund which will utilise unclaimed money, estimated to be in excess of Rs 9,000 crore, lying in PPF, employees provident fund and small savings schemes to provide healthcare facilities and pension to senior citizens.

Commerce Ministry

28 Jan 2016

CommMin pushes for service tax exemption for exports in Budget

To boost waning exports, the Commerce Ministry has suggested that exporters be exempted from payment of service tax in the upcoming Budget.

27 Jan 2016

Raghuram Rajan to wait for Budget roadmap before next rate cut: HSBC

Even though the fall in oil prices has created some space to ease rates, HSBC Wednesday said it expects RBI Governor Raghuram Rajan to maintain status quo in the forthcoming policy review and wait for the fiscal roadmap presented in the Budget.

16 Jan 2016

Govt may lower long-term capital gain tax for unlisted companies

Government Saturday hinted at lowering the long-term capital gain tax on investments made in unlisted firms, particularly startups, in the Budget for the next financial year, to bring them closer to the levels prevalent for the listed companies.

Swachh Bharat Cess

06 Nov 2015

Govt to impose 0.5% Swachh Bharat cess on services from Nov 15

The decision to impose 0.5 percent cess will translate into a tax of 50 paise only on every Rs 100 worth of taxable services.

13 Aug 2015

RBI asks banks to provide short-term crop loans at lower rate

The Reserve Bank on Thursday asked all banks to provide interest concession of 2 percent on short term crop loans of up to Rs 3 lakh to farmers.

Pradhan Mantri Jeevan Jyoti Bima Yojana

10 May 2015

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): Key Highlights

Pradhan Mantri Jeevan Jyoti Bima Yojana will be a one year cover, renewable from year to year, Insurance Scheme offering life insurance cover for death due to any reason.

Pradhan Mantri Suraksha Bima Yojana

10 May 2015

Pradhan Mantri Suraksha Bima Yojana: Key facts

Pradhan Mantri Suraksha Bima Yojana will be available to people in age group 18 to 70 years with bank account.

Tickets to museum

31 Mar 2015

From April 1, air travel to become expensive; tickets to museum, zoo cheaper

Finance Minister Arun Jaitley had came out with a host of proposals last month to rationalise service tax, which is levied at an effective rate of 12.36 percent.

17 Mar 2015

Most investors optimistic on India at this point: FM Jaitley

Replying to the debate on the Budget 2015-16, Jaitley further said most investors are optimistic on India at this point.

08 Mar 2015

Jaitley to address RBI board on March 22

Finance Minister Arun Jaitley will address board members of the Reserve Bank here on March 22 to inform them about steps taken in the Budget for 2015-16 to boost economic growth and contain fiscal deficit.

02 Mar 2015

Activists decry slashing of budget for children

Child rights activists on Monday termed the slashing of budgetary provisions for programmes and schemes related to children in the union budget as "scary".

02 Mar 2015

Budget to create enablers for Make-in-India focus

This year's Union budget contains policy directions which are favourbale for the Centre's Make-In-India initiave.

Union Budget 2015

28 Feb 2015

What you must know about Arun Jaitley's Budget 2015

There will be no change in the personal income tax slabs and rate of tax for companies in respect of income earned in the finance year 2015-16, assessable in Assessment Year 2016-17.

28 Feb 2015

Gold to be monetized; Ashok Chakra coin, Sovereign Gold Bonds soon

The Finance Minister today announced several steps for monetizing gold.

28 Feb 2015

Budget 2015: Finance Minister’s proposals to curb black money

The Finance Minister Arun Jaitley said that a very important dimension to India’s tax administration is the fight against the scourge of black money. This was in line with NDA government’s promise of crack the whip on offenders.

28 Feb 2015

Budget 2015: Tax exemptions for middle class

Increase in the limit of deduction in respect of health insurance premium from Rs 15,000 to Rs 25,000.

10 Mar 2015

Union Budget 2015: Tax implications

Finance Minister Arun Jaitley has proposed increasing the service tax rate and education cess to 14 percent from the current 12.36 percent.

27 Feb 2015

India to unveil budget under pressure to deliver reforms

Prime Minister Narendra Modi`s right-wing government will unveil its first full budget on Saturday, a day after announcing the time was ripe for long-awaited reforms to kickstart the economy.

27 Feb 2015

Test for reform zeal of Modi in make-or-break budget

Prime Minister Narendra Modi`s stomach for free-market economics faces a major test on Saturday, in a budget India`s top economic advisor has warned could wreck the leader`s promises of "good days" if there`s no roadmap to reform.

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