Budget news

Updated : Aug 6, 2014

A look at first Budgets of new governments in India in the past

In the history of independent India, the first budget has often set the tone for important policy initiatives. We take a look at some first budgets of new governments.

Updated : Jul 12, 2014

Union Budget 2014-15: Retro tax amendment to be undertaken with extreme caution, says Jaitley

However, the existing tax disputes, arising out of Retrospective Amendment to the Income tax Act, 1961, and are pending in Courts, will be allowed to reach their logical conclusions, he said.

Updated : Jul 11, 2014

Budget 2014-15: Govt surprises by keeping gold import duty at 10 per cent

"Our expectations have not been met," said Pankaj Kumar Parekh, vice-chairman of the Gems and Jewellery Export Promotion Council, which groups more than 3,000 exporters. "We will take up the matter with the finance ministry."

Updated : Jul 11, 2014

Govt targets 4% farm growth this year after bumper 2013 crop

Farm output in India, world No. 2 producer and consumer of an array of agricultural goods, grew at 4.7 per cent in the fiscal year to March 2014 after monsoon rains boosted the harvest, up from nearly 3 per cent a year over the past decade.

Updated : Jul 10, 2014

Budget 2014: Personal tax exemption limit raised to Rs 2.5 lakh

He further raised the income tax deduction limit on investments in Section 80C instruments from Rs 1 lakh to Rs 1.5 lakh. This was one of the long-pending demands of the investment communities.

Updated : Jul 10, 2014

Finance Minister Arun Jaitley starts unveiling Union Budget 2014-15

Finance Minister Arun Jaitley began presenting the Union Budget for 2014-15 for self and Prime Minister Narendra Modi's government, expressing concerns over slowdown in the economy and promising steps to ensure a course correction.

Prime Minister Narendra Modi (Photo: Reuters)

Updated : Jul 10, 2014

First Budget a test of Narendra Modi's reform mettle

Finance Minister Arun Jaitley's promises of bold budget decisions and broadsides against the "mindless populism" of his left-of-centre predecessors have proved a hit with investors, helping the benchmark BSE stock index to a record high last week.

Updated : Jul 10, 2014

Union Budget 2014-15: Arun Jaitley retains fiscal deficit target at 4.1 per cent

Presenting his maiden Budget, Jaitley said the prevailing economic situation presents a great challenge and there was a need to introduce fiscal prudence that will lead to fiscal consolidation and discipline.

Updated : Jul 10, 2014

Budget 2014-15: Govt hopes to implement Goods and Services Tax this year

While presenting the Union Budget for 2014-15, Jaitley said the GST will "streamline tax administration and and result in higher tax collection for the centre and the states".

Updated : Jul 10, 2014

Budget 2014 announces Price Stabilisation Fund for farmers

Jaitley also announced a separate fund to check farmers' indebtedness

Updated : Jul 10, 2014

Union Budget 2014-15: PSU banks stock down after Budget announcement

SBI was trading 2 per cent lower, while Indian Bank dropped 4.31 per cent on the BSE.

Updated : Jul 10, 2014

Union Budget 2014-15: 15,000 km more of gas pipelines to come up

India has an existing gas pipeline network of 15,000 km and requires to add an additional 15,000 km, which will be developed in the public-private partnership (PPP) mode, Jaitley said in his budget speech for 2014-15.

Updated : Jul 10, 2014

Disinvestment target revised upwards to Rs 58,425 crore in Budget 2014

The target includes Rs 43,425 crore from selling stake in PSUs and another Rs 15,000 crore from sale of residual stake in the erstwhile government companies, as per the Budget 2014-15 document.

Updated : Jul 10, 2014

Budget 2014-15: Govt raises military spending, eases foreign investment limit in arms industry

Finance Minister Arun Jaitley set the military budget at 2.29 trillion Indian rupees ($38.35 billion) for 2014-15, 50 billion rupees more than what the previous government agreed in an interim budget earlier this year.

Updated : Jul 10, 2014

Budget 2014-15: Rs 100 crore for metros in Ahmedabad, Lucknow

These will come up under the Public Private Partnership (PPP) mode.

Updated : Jul 10, 2014

Realty stocks gain most on Budget moves

The realty segment saw some significant announcements in the union budget. On expected lines, the government pushed for smart cities with Rs 7,060 crore allotted for 100 such cities.

Updated : Jul 10, 2014

Union Budget 2014-15: Modi regime's first budget gives tax sops, promises growth

Both welfare schemes and reformist policy measures, were also unveiled that were aimed at a wide range of stakeholders -- from the girl child to senior citizens and overseas investors to the defence forces.

Updated : Jul 10, 2014

Union Budget 2014-15: Smoking to be costly; colour TV, footwear set to be cheaper

While presenting the Budget for 2014-15, Jaitley proposed to increase the specific excise duty on cigarettes in the range of 11 per cent to 72 per cent.

Updated : Jul 10, 2014

Union Budget 2014-15: Branded petrol price cut by over Rs 5/litre

Central Excise duty on Branded Petrol was cut from Rs 7.50 per litre to Rs 2.35 per litre.

Updated : Jul 10, 2014

Budget 2014-15: FinMin may double tax exemption limit under section 80C to Rs 2 lakh

Currently, the investments and expenditures up to a combined limit of Rs 1 lakh get exemptions under Sections 80C, 80CC and 80 CCC of the Income-Tax Act.

Updated : Jul 10, 2014

Union Budget 2014-15: E-visas at 9 airports to boost tourism

Finance Minister Arun Jaitley while presenting Union Budget for 2014-15 said: "This will facilitate visas on arrival. We will begin the facilities in a phased manner."

Budget news

A look at first Budgets of new governments in India in the past

Union Budget 2014-15: Retro tax amendment to be undertaken with extreme caution, says Jaitley

Budget 2014-15: Govt surprises by keeping gold import duty at 10 per cent

Govt targets 4% farm growth this year after bumper 2013 crop

Budget 2014: Personal tax exemption limit raised to Rs 2.5 lakh

Finance Minister Arun Jaitley starts unveiling Union Budget 2014-15

First Budget a test of Narendra Modi's reform mettle

Union Budget 2014-15: Arun Jaitley retains fiscal deficit target at 4.1 per cent

Budget 2014-15: Govt hopes to implement Goods and Services Tax this year

Budget 2014 announces Price Stabilisation Fund for farmers

Union Budget 2014-15: PSU banks stock down after Budget announcement

Union Budget 2014-15: 15,000 km more of gas pipelines to come up

Disinvestment target revised upwards to Rs 58,425 crore in Budget 2014

Budget 2014-15: Govt raises military spending, eases foreign investment limit in arms industry

Budget 2014-15: Rs 100 crore for metros in Ahmedabad, Lucknow

Realty stocks gain most on Budget moves

Union Budget 2014-15: Modi regime's first budget gives tax sops, promises growth

Union Budget 2014-15: Smoking to be costly; colour TV, footwear set to be cheaper

Union Budget 2014-15: Branded petrol price cut by over Rs 5/litre

Budget 2014-15: FinMin may double tax exemption limit under section 80C to Rs 2 lakh

Union Budget 2014-15: E-visas at 9 airports to boost tourism

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