Budget 2015 - Indirect Tax Proposals to Maximize Benefits to the Economy
Posted Date : 28-Feb-2015 , 01:46:54 pm | Posted By CASANSAAR
The Finance Minister Shri Arun Jaitley while presenting the Budget announced in the Lok Sabha steps to broaden the Tax Base that will maximize benefits to the economy. The Service Tax rate is being increased from 12% plus Education Cesses to 14%. The new service tax rate shall subsume the &lsqu...
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Distinction Between Different types of Foreign Investments Done Away to Simplify the Procedure for Indian Companies to Attract Foreign Investment
Posted Date : 28-Feb-2015 , 01:46:18 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley has proposed to do away with the distinction between different types of foreign investments, especially between foreign portfolio investments and foreign direct investments, and replace them with composite caps. Presenting the General Budget 2015-16 in th...
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Micro Units Development Refinance Agency (MUDRA) Bank Set up for Small Enterprises in Lending Priority was Given to SC/ST Enterprises
Posted Date : 28-Feb-2015 , 01:45:31 pm | Posted By CASANSAAR
The Union Finance Minister, Shri Arun Jaitely presenting the Union Budget 2015-16, here today, said that our government firmly believes that development has to generate inclusive growth. While large corporate and business entities have role to play, this has to be complemented by informal sector ent...
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Budget 2015 - Task Force to Establish a Sector Neutral Financial Redressal Agency to be Set Up
Posted Date : 28-Feb-2015 , 01:44:53 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley has proposed to create a task force to establish a sector neutral financial redressal agency that will address grievances against all financial service providers. Presenting the General Budget 2015-16 in the Lok Sabha here today, Shri Jaitley stated that ...
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Budget 2015 - Education Sector Allocated Rs. 68968 Cr while Rural Development gets Rs 79526 Cr in the Year 2015-16
Posted Date : 28-Feb-2015 , 01:43:37 pm | Posted By CASANSAAR
The Finance Minister, Shri Arun Jaitley has said that adequate provision has been made for the schemes for the poor and disadvantaged in the Budget of 2015-16. Delivering his Budget Speech in the Parliament today, the Finance Minister said that an amount of Rs. 68,968 crore has been allocated to the...
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Income Tax |
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Budget 2015 - Employees Under the Employees Provident Fund(Epf) to be Provided two Options
Posted Date : 28-Feb-2015 , 01:42:44 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley has announced that with respect to Employees Provident Fund (EPF), the employee needs to be provided two options. Firstly, the employee may opt for EPF or the New Pension Scheme (NPS). Secondly, for employees below a certain threshold of monthly income, c...
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Budget 2015 - Universal Social Security System for all Specially the Poor and the Under-Privileged
Posted Date : 28-Feb-2015 , 01:41:58 pm | Posted By CASANSAAR
The Union Finance Minister, Shri Arun Jaitely presenting the Union Budget 2015-16, here today said that a large proportion of India’s population is without insurance of any kind – health, accidental or life worryingly, as our young population ages, it is also going to be pension-less. En...
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Budget 2015 - Monetising Gold
Posted Date : 28-Feb-2015 , 01:41:10 pm | Posted By CASANSAAR
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 this gold...
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8 Centrally Sponsored Schemes Delinked from Support of the Centre
Posted Date : 28-Feb-2015 , 01:40:30 pm | Posted By CASANSAAR
The plan outlay of 2015-16 reflects the compositional shift in the allocations for various Programmes and Schemes in view of high devolution; 42% of Union Taxes, to States as per the recommendation of 14th Finance Commission. Making his Budget Speech while presenting the General Budget 2015-16,...
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Forwards Markets Commission to be Merged with Sebi
Posted Date : 28-Feb-2015 , 01:39:22 pm | Posted By CASANSAAR
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...
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Government to Launch A National Skills Mission Soon Aiims to be Launched in J&K, Punjab, Tamil Nadu, Himachal Pradesh and Assam in 2015-16
Posted Date : 28-Feb-2015 , 01:38:40 pm | Posted By CASANSAAR
The Government will soon launch a National Skills Mission through the Skill Development and Entrepreneurship Ministry. The Finance Minister, Shri Arun Jaitley, in his Budget Speech 2015-16 today, said that the Mission will consolidate skill initiatives spread across several Ministries. It will allow...
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Facilities at Cultural World Heritage Sites are to be Restored: FM
Posted Date : 28-Feb-2015 , 01:37:30 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley has said that the facilities at India’s 25 Cultural World Heritage Sites are still deficient and require restoration.
While presenting the General Budget 2015-16 in the Parliament today, the Finance Minister Shri Jaitley has stated that the...
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Budget |
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Black Money Bill in the Current Session
Posted Date : 28-Feb-2015 , 01:36:04 pm | Posted By CASANSAAR
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 features of the law, the Finance Minister said ...
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Investment In Infrastructure To Go Up By Rs.70,000 Crore In Year 2015-16 Over Year 2014-15
Posted Date : 28-Feb-2015 , 01:35:25 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley has proposed an increase in investment in infrastructure by Rs. 70,000 crore in the year 2015-16 over the year 2014-15 from the Centre’s funds and resources of CPSEs. Presenting the General Budget 2015-16 in the Lok Sabha here today, the Finance Min...
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National Investment and Infrastructure Fund to be Set up
Posted Date : 28-Feb-2015 , 01:34:54 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley has announced the setting up of a National Investment and Infrastructure Fund (NIIF). Presenting the General Budget 2015-16 in the Lok Sabha here today, the Finance Minister stated that an annual flow of Rs.20,000 crore will be ensured for the NIIF. This ...
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Corporate Tax to be Reduced TO 25% and GST to be Implemented from April 16
Posted Date : 28-Feb-2015 , 01:34:17 pm | Posted By CASANSAAR
The Finance Minister Shri Arun Jaitley has said that the Corporate Tax Rate is proposed to be reduced from the current 30% to 25% over the next 4 years. In his Budget Speech in the Lok Sabha here today, Shri Jaitley said this is expected to lead to higher level of investment, higher growth and more ...
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ATAL Innovation Mission (Aim) to be Set up
Posted Date : 28-Feb-2015 , 01:33:11 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley has stated his intentions to establish the ATAL Innovation Mission(AIM) in NITI. Presenting the General Budget 2015-16 in the Lok Sabha here today, the Finance Minister stated that AIM will be an Innovation Promotion Platform involving academics, entrepre...
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Self Employment and Talent Utilisation (SETU) to be Established
Posted Date : 28-Feb-2015 , 01:32:20 pm | Posted By CASANSAAR
Government has announced the setting up of a Self- Employment and Talent Utilisation (SETU) mechanism. Presenting the General Budget 2015-16 in the Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley stated that SETU will be a Techno-Financial, Incubation and Facilitation Programme to...
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Tax Measures Announced to Promote Swachh Bharat Initiatives and Public Health.
Posted Date : 28-Feb-2015 , 01:20:03 pm | Posted By CASANSAAR
The Central Government will impose a Swachh Bharat Cess on all or certain taxable services at a rate of 2% from a date to be notified. The Finance Minister Shri Arun Jaitley announced in his Budget Speech that the proceeds from this Cess would be utilized for Swachh Bharat initiatives. In a related ...
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Union Budget 2015 - Live Updates
Posted Date : 28-Feb-2015 , 12:39:35 pm | Posted By CASANSAAR
FM Arun Jaitley to present Union Budget 2015 today at 11.00 AM. CASANSAAR are providing you live updates of Union Budget 2015.
JUST REFRESH THE PAGE (CLICK F5) FOR ALL LIVE UPDATES.
Tax Proposals
FM has concluded his speech. The parliament is in commotion. Nothing new there....
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Union Budget 2015 - Watch Live Telecast Online on casansaar.com
Posted Date : 28-Feb-2015 , 09:42:52 am | Posted By CASANSAAR
Hon'ble Finance Minister's Presentation of Union Budget in the Parliament on 28th Feb 2015, 11:00 AM IST.
WAIT FOR LIVE TELECAST....
...
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FM Arun Jaitley to present Union Budget 2015 today
Posted Date : 28-Feb-2015 , 08:28:16 am | Posted By CASANSAAR
Eager to win over the middle class following Delhi poll debacle, Finance Minister Arun Jaitley is expected to present a common man-friendly Union Budget on Saturday by either raising tax slabs or hiking investment limit in savings instruments.
Besides giving sops to individual tax payers, he is als...
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Economic Survey 2014-15 Highlights
Posted Date : 27-Feb-2015 , 09:38:13 pm | Posted By CASANSAAR
Economic Outlook, Prospects and Policy Challenges
Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are:
Inflation has declined by over 6 percentage points since late 2013.
The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13...
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Skill Development and Employment are major Challenges: Economic Survey
Posted Date : 27-Feb-2015 , 09:36:59 pm | Posted By CASANSAAR
There is a dual challenge of developing skills and utilizing them in a proper way. The Economic Survey 2014-15 has stated that as per the Labour Bureau Report 2014, the present skilled workforce in India is only 2 percent, which is much lower when compared to the developing nations. As per the repor...
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The Fourteenth Finance Commission (FFC) will enhance Fiscal Federalism in India: Economic Survey 2014-15
Posted Date : 27-Feb-2015 , 09:35:30 pm | Posted By CASANSAAR
According to the Economic Survey “all States stand to gain from FFC transfers in absolute terms.” The Survey observes that Fourteenth Finance Commission recommendations will enhance cooperative and competitive federalism. The biggest gainers in absolute terms under general category ...
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Government approves a Rs. 200 crore Central Sector Scheme for implementing e-platform for agri-marketing
Posted Date : 27-Feb-2015 , 09:34:43 pm | Posted By CASANSAAR
The Government has taken several important steps to make improvements in the area of Agricultural Marketing. According to the Economic Survey 2014-15, the Department of Agriculture (DAC) has issued a comprehensive advisory to states to go beyond the provisions of the Model Act and declare the entire...
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External Sector is returning to the path of strength and resilience: Economic Survey
Posted Date : 27-Feb-2015 , 09:33:40 pm | Posted By CASANSAAR
As per the Economic Survey, the outlook for the external sector is perhaps the most favorable since the 2008 global financial crisis and especially compared to 2012-13, when elevated oil and gold imports fuelled a surge in the current account deficit.
The Global Economy is likely to gain stre...
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Create National Common Market in Agricultural Commodities: Economic Survey 2014-15
Posted Date : 27-Feb-2015 , 09:32:12 pm | Posted By CASANSAAR
The Economic Survey emphasizes on the need for a national common agricultural market and identifies un-integrated and distortion ridden agricultural market as the one of the most striking problems in agriculture growth. The Economic Survey suggests 3 incremental steps as possible solution, buil...
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Revive public investment to improve investment climate: Economic Survey 2014
Posted Date : 27-Feb-2015 , 09:30:31 pm | Posted By CASANSAAR
To improve the investment climate and reduce the backlog of stalled projects, Economic Survey 2014 – 15, tabled by the Union Finance Minister Shri Arun Jaitley in the Parliament today, argues for a three-pronged strategy: 1. The Survey recommends revival of public investment in short term...
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Government approves norms to appoint MDs, CEOs of 5 state-run banks
Posted Date : 27-Feb-2015 , 08:16:09 am | Posted By CASANSAAR
The government on Thursday approved new norms for the selection of managing directors and chief executive officers at five public sector banks (PSBs), paving way for the appointment of private sector candidates with flexible salary packages. The five banks are Bank of Baroda, Punjab National Ba...
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Banking |
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