UNION BUDGET 2014-15

Updated : Feb 25, 2015

Agriculture gets priority in Narendra Modi govt's first Budget

The government has set a target of Rs 800,000 crore for agriculture credit during 2014/15. It has decided to continue the Interest Subvention Scheme and raise corpus of Rural Infrastructure Development Fund to Rs 25,000 crore.

Home buyers and realtors to benefit from REITs

Updated : Aug 21, 2014

Home buyers and realty industry to benefit from REITs

The finance minister has cleared the ambiguity surrounding taxation of REITs, removing a big hurdle to their launch.

Vijay Bharech(L), deputy manager and Tapati Ghose(R), partner at Deloitte Haskins & Sells LLP.

Updated : Aug 14, 2014

How amendments made in personal taxes reflects fiscal prudence

Accepting the challenge of maintaining the fiscal deficit at 4.1% for the financial year 2014-15, a budgetary framework has been cast - amendments made on the personal tax front reflect the overall objective of fiscal prudence.

Updated : Aug 8, 2014

Retirement funds now given same tax benefits pension funds

On SEBI's recommendation for the pension market, retirement funds floated by fund houses will now be given the same tax benefits as other pension funds with the new budget.

Updated : Aug 7, 2014

How debt funds have been hit hard by new tax proposals

The Budget proposes to increase the tax on long-term gains from non-equity mutual funds from 10% to 20% after indexation.

Updated : Aug 7, 2014

Investing simplified with universal KYC, single operating demat account

Buying insurance can be a daunting task due to the sheer volume of information that you have to provide in the proposal form.

Updated : Aug 7, 2014

What got cheaper or expensive in Budget 2014

Like all preceding years, cigarettes and gutkhas are set to get more expensive. However, the Budget also delivered pleasant surprises by making some products cheaper.

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 24, 2014

Modi govt's first Budget gives big push to agriculture

The budget listed many measures to improve irrigation, strengthen warehousing, expand R&D, boost farm credit, enhance productivity, etc.

Updated : Jul 24, 2014

Budget 2014 an opportunity lost for Narendra Modi govt: Shardul S Shroff

In the politics of the country, there has been a clean break from the past. This ought to have been followed on taxation too.

Updated : Jul 23, 2014

'Modi govt's first Budget is a decent job given economic constraints'

Treating the taxpayer as a customer will help improve mutual trust.

Updated : Jul 22, 2014

Budget 2014 aims at ambitious outcomes without saying how it will achieve them

Being the first budget in 10 years by a non-UPA government and that, too, coming from a coalition with a crushing majority in the lower house, expectations were high of a massively reformist Budget that would give the somnolent economy the jolt it badly needed.

Updated : Jul 22, 2014

Modi govt's pursuit of fiscal deficit target will hit growth: DK Srivastava

Chances are next to nil that the revenue targets can be met. Further, the central government has rarely succeeded in meeting disinvestment targets and some slippage is quite likely.

Rathin Basu, Country President, Alstom India and South Asia

Updated : Jul 19, 2014

Infra and power: Budget 2014 gets its focus right

The Budget 2014 is a balanced budget and is in line with the industry's expectations, writes Country President of Alstom India & South Asia.

Updated : Jul 19, 2014

Gulf-based NRIs hail Budget 2014-15 as 'growth-oriented'

"The Budget of 2014-15 affirms the vision of the government to bring about all-round development in the country, with emphasis on manufacturing, job creation, and skill development," said NMC Healthcare CEO BR Shetty said.

Updated : Jul 19, 2014

India needs to have more incubators and more start-ups: GM Rao

Business Today spoke to GMR Group Chairman GM Rao on what he thinks about Finance Minister Arun Jaitley's Budget for 2014-15 financial year.

MIXED SIGNALS: Sudheendra Kulkarni, Chairman, ORF, Mumbai; Satya Poddar, Partner, EY; Rajiv Kumar, Senior Fellow, Centre for Policy Research; K. Raghu, President, ICAI; Rajeev Gowda, MP, Rajya Sabha (Photos: Shekhar Ghosh)

Updated : Jul 17, 2014

Jaitley is moving in right direction to fix economy: Experts

The historic victory of the Narendra Modi-led NDA in May had fuelled the hopes of the common man, corporate leaders, investors and policy wonks alike. Finance Minister Arun Jaitley's Budget 2014 covered a lot of ground but there was no major announcement.

Finance Minister Arun Jaitley (Photo: Reuters)

Updated : Jul 16, 2014

Who said what about Union Budget 2014-15

Who said what about Union Budget 2014-15-

Updated : Jul 14, 2014

Budget announcements positive for infra in long term, says Fitch

"The new Indian government...reasserted one of its core economic priorities to address the country's infrastructure deficit...infrastructure to get multi-year boost," it said in a note on Monday.

Updated : Jul 14, 2014

Union Budget has no impact on India's sovereign ratings, says S&P

"We think the Budget is favourable to credit fundamentals to the extent that fiscal debt and interest ratios are expected to continue to improve," said Agost Benard, an associate director, at Standard & Poor's Ratings Services during a teleconference with reporters.

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.