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New Delhi: Both the Houses of Parliament will take up the important legislative business of considering the Bills to replace the Ordinances promulgated during the inter-session period in the second week of the ongoing Budget session beginning Monday i.e March 2, 2015. Briefing media at Hyderabad today on the business …
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PM welcomes Union Budget; terms it positive and pragmatic
New Delhi: The Prime Minister, Shri Narendra Modi has welcomed the Union Budget. ”Union Budget 2015 is a Budget with a clear vision. It is a Budget that is progressive, positive, practical, pragmatic and prudent. Budget 2015 has a distinct focus on farmers, youth, poor, neo-middle class and the Aam …
Read More »Indian Economy has turned around dramatically in 9 months: FM
New Delhi: Finance Minister Shri Arun Jaitley has said that the Indian Economy has turned around dramatically in the last nine months with the real GDP growth expected to accelerate to 7.4% making India the fastest growing large economy in the world. Presenting the General Budget for the year 2015-16 …
Read More »Tourist Visa on Arrival Scheme to be Extended to 150 Countries
New Delhi: The Minister of State for Tourism (Independent Charge), Culture (Independent Charge) and Civil Aviation, Dr Mahesh Sharma has congratulated the Union Finance Minister, Shri Arun Jaitley for presenting a balanced, far-sighted and growth-oriented budget. He has also thanked the Finance Minister for giving due importance to the tourism …
Read More »Rigorous imprisonment upto 10 years for Foreign Black Money
New Delhi: The Union Finance Minister Shri Arun Jaitley has said that a Bill to enact a new law to deal with black money is to be introduced in the current session of the Parliament. In his Budget Speech in the Lok Sabha here today, giving details of proposed key …
Read More »Jaitley’s Budget to Create Jobs through Revival of Growth
New Delhi: The Finance Minister Shri Arun Jaitley presenting the Budget in Lok Sabha today proposed to defer the applicability of the General Anti Avoidance Rule (GAAR) by two years. Investments made up to 31.03.2017 shall not be subjected to GAAR. Finance Minister Shri Jaitley proposed pass-through status to all …
Read More »India to introduce Gold Monetisation Scheme
New Delhi: The Union Finance Minister Shri Arun Jaitley has announced several steps for monetizing gold. Presenting the General Budget 2015-16 in the Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley stated that stocks of gold in India are estimated to be over 20,000 tonne but mostly …
Read More »Deduction limit of income tax gone up to Rs 4,44,200
New Delhi: The Union Finance Minister Shri Arun Jaitley in his Budget Speech in Lok Sabha today proposed no change in the rate of personal Income-tax. He announced the tax proposals with no change in the rate of tax for companies in respect of the income earned in the financial …
Read More »Simplification of Tax Procedures in Finance Bill 2015
New Delhi: The Union Finance Minister Shri Arun Jaitley in his Budget Speech in Lok Sabha today announced measures to improve the ease of doing business so as to achieve ‘Minimum Government and Maximum Governance’. He sought to bring about simplification of tax procedures in the Financial Bill 2015. Monetary …
Read More »Forwards Markets Commission to be Merged with Sebi
New Delhi: The Union Finance Minister Shri Arun Jaitley has proposed to merge the Forwards Markets Commission with SEBI to strengthen regulation of commodity forward markets and reduce wild speculation. Enabling legislation, amending the Government Securities Act and the RBI Act is proposed in the Finance Bill, 2015. It has …
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