New Delhi: The new service tax rate of 14 per cent will come into effect from today, a move that will make eating out in restaurants, insurance and phone bills expensive, among many other things.The
New Delhi: The Parliament's Standing Committee was taken aback when the top officials of Indian military told that they could not buy critical weapons due to lack of funds.Last week the report on military's concerns
Hongkong: The investor groups of US and European nations have called for the Indian government to clarify its tax regime for foreigners on an urgent basis, following surprise attempts by tax inspectors to scrape back
New Delhi: Government plans to strip the Reserve Bank of India's (RBI) of its power to regulate government bonds, but leave the Central bank in charge of other money market instruments, according to some media
New Delhi: Days after the budget was announced by the finance minister Arun Jaitley, former Union Minister P Chidambaram said the latest Budget's measures do not meet the 3.6 per cent fiscal deficit target for
Mumbai: The second unscheduled cut on Wednesday - within two months - in the repo rate at which the Reserve Bank of India (RBI) lends to commercial banks was not as unexpected as the first
New Delhi: MoS for Finance Jayant Sinha has said that the Budget 2015-16 has created favorable conditions for Reserve Bank of India (RBI) to cut interest rate."We have actually put in place the conditions for
New Delhi: In his first full Budget presented yesterday, the NDA government tweaked customs duty on several items, whih will lead to a hike in prices of commercial vehicles.Finance Minister Arun Jaitley has levied a
New Delhi: Finance Minister Arun Jaitley's announcements in the Budget were made keeping in mind Prime Minister Narendra Modi's personal values and beliefs.The Budget was not a result of the finance minister's six-member team, but
New Delhi: Finance Minister Arun Jaitley Saturday looked dapper in a striking deep blue Nehru jacket as he presented the union budget.Jaitley, 62, wore a soothing light blue shirt which he teamed with the striking
New Delhi: The government yesterday proposed raising Rs 69,500 crore from disinvestment and strategic sale in state-owned companies.Of the total budgeted proceeds, Rs 41,000 crore is estimated to come from minority stake sale in PSUs,
New Delhi: Aam Aadmi Party Saturday termed the budget as a “missed opportunity” for failing to meet the expectations of common man, but welcomed government's move to bring legislation on black money.The party also raised
New Delhi: Ending an age-old convention, the Finance Ministry Saturday came out with the Budget documents displaying different colours and a photograph of Parliament.The Budget speech, which is usually in plain blue, was this time
New Delhi: Former Prime Minister Manmohan Singh said the Modi government's Union Budget 2015-16 has failed to capitalize on a ‘lucky economic phase that he has inherited'."Arun Jaitley is a very lucky Finance Minister. He
New Delhi: Finance Minister Arun Jaitley Saturday allocated Rs.1541.13 crore to the ministry of youth affairs and sports for 2015-16, an increase of approximately Rs.384.52 crore from the last financial year.For the 2014-15 year, the
Going in on the footsteps of Indian PM Narendra Modi our Finance Minister Arun Jaitley, in an attempt to connect with the citizens of the country, featured in YouTube talkathon organized by the Ministry of
New Delhi: Finance minister Arun Jaitley has focused more on reforms and less on populism in his first full year Budget. Corporate class can cheer over the reforms and cut in corporate tax but middle
New Delhi: In the much-awaited Union Budget, Finance Minister Arun Jaitley tried to do a balancing act between the imperatives of reducing the fiscal deficit and the need to increase public investment to kick-start investment
New Delhi: Government today increased the defence budget by 10.95 per cent to Rs 2.46 lakh crore for the next fiscal as compared to the revised estimates of Rs 2.22 lakh crore for 2014-15 as
New Delhi: Opposition on Saturday slammed as "hollow and plain" BJP's first full-year union budget, saying it lacked the vision and alleged that it was "repayment" by the BJP government to the rich and the
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