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Budget 2015 News

04 Feb 2016

Budget Session to commence on February 23

Business News 2015

17 Dec 2015

Union Budget 2015-16: Paving the way for sustainable growth

Finance Minister Arun Jaitley on Feb 28 proposed no changes in personal income-tax rates for 2015-16.

10 Jun 2015

Rupee pulls back from early losses, up 5 paise at 63.87 Vs USD

The rupee gained back 5 paise from initial losses against the American currency, quoting 63.87, on fresh selling of dollars by banks and exporters following a strong opening in the equity market.

30 May 2015

List of products to get costlier and cheaper from June 1

Those that would also turn cheaper include leather footwear, locally made mobiles, computer tablets, microwave ovens, peanut butter, packaged fruits, ambulance service and agarbattis.

Atal Pension Yojana

10 May 2015

Atal Pension Yojana: All you need to know

Fixed pension for the subscribers ranging between Rs 1000 to Rs 5000, if he joins and contributes between the age of 18 years and 40 years.

01 Apr 2015

What will be costlier and cheaper from April 1

Those that would turn cheaper include leather footwear, locally made mobiles, computer tablets, microwave ovens, peanut butter, packaged fruits, ambulance service and agarbattis.

Expanded Sarfaesi Act

09 Mar 2015

Expanded Sarfaesi Act credit positive for some NBFCs: Moody's

The Budget proposal to include non- banking finance companies (NBFCs) under the Sarfaesi Act is credit positive for lenders of loans against property, a leading rating agency said Monday.

07 Mar 2015

Rupee fails to extend last week gains, ends at 62.16 Vs USD

After a brief recovery, rupee fell back sharply to end at 62.16 against the American currency - a fall of 33 paise during the holiday shortened week on the back of good dollar demand from banks and importers.

05 Mar 2015

Funding the unfunded: India helps small business borrow to grow

A new bank announced in the annual budget last week could boost loans and cut borrowing costs for the country`s cash-starved small businesses - tailors, mechanics and phone booth operators who account for around a fifth of the economy.

05 Mar 2015

EXIM Bank plans to raise Rs 13,000 crore in FY16

Enthused over the allocation of Rs 1,300 crore in the Union Budget, Export-Import Bank of India is now planning to raise an additional Rs 13,000 crore in the next fiscal, a top official said today.

05 Mar 2015

DoD working out modalities for strategic sale of PSUs: Secy

The disinvestment department is working out modalities for strategic sale of PSUs which will see management control passing on to the private sector, a top government official said today.

04 Mar 2015

RBI rate cut to lower EMI, boost growth: Jayant Sinha

Welcoming RBI's decision to cut policy rate by 0.25 percent, the Finance Ministry's top functionaries on Wednesday said it will bring down EMIs, increase demand and boost economic growth.

04 Mar 2015

Expected RBI to wait till April for rate cut: Rangarajan

Surprised over the timing of RBI's rate cut, former central bank governor C Rangarajan on Wednesday said the Union Budget was not a good enough trigger for easing of rates and he had expected RBI to wait till next month.

04 Mar 2015

After rate cut, Govt pitches for rating upgrade

Soon after RBI announcing a much- awaited rate cut, Chief Economic Advisor Arvind Subramanian on Wednesday said that the global rating agencies should look at upgrading their stance on India's credit outlook.

03 Mar 2015

'No change in personal income tax rates in near-term'

Personal income tax rates will not be changed in the near term even as peak corporate tax rate will be cut by 5 percent over a four year period beginning 2016-17, a top finance ministry official said.

03 Mar 2015

Black money: One-time short window for declaring assets abroad: Revenue Secretary

The government will give a one-time 'short window' to holders of black money abroad to declare their wealth, pay taxes and penalty and escape prosecution under the proposed stringent law to deal with the menace.

03 Mar 2015

'Corporate tax rate reduction will make India more competitive'

Dismissing criticism that proposals in the Budget for 2015-16 are pro-corporate, Revenue Secretary Shaktikanta Das on Tuesday said reduction in corporate tax rate will make India more competitive, and enable companies to invest more and create more jobs.

03 Mar 2015

Nifty hits fresh all-time high of 9,000

The benchmark Sensex on Tuesday rose for the fourth straight session and the Nifty index hit new peak of 9,000.50 as investors cheered growth-oriented proposals in the Union Budget.

03 Mar 2015

MF industry may see several mergers of schemes in coming weeks

The mutual fund industry may witness several mergers of schemes in coming weeks after the Budget proposed an exemption from capital gains tax in case of amalgamation of funds with similar features.

Parthasarathi Shome

02 Mar 2015

Shome welcomes deferment of GAAR in Budget

Parthasarathi Shome, the Chairman of Tax Administration Reforms Commission, constituted by the Finance Ministry, Monday hailed the decision to defer General Anti-Avoidance Rules (GAAR) as announced in the Budget.

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