Budget 2015 Highlights

• Opinion: Budget 2015 - Key Takeaways for Retail, E-Commerce Space

  The Finance Minister in his budget speech highlighted the importance of the budget fast-becoming one of the cornerstones to indicate the pace and direction of the economy, says Hema Palgamkar of EY.

• Opinion: The 'Make in India' Budget - Corporate Tax Takeaways

  The key highlights of the proposed Finance Bill, 2015 which seem to be in line with the objective of the government to enable the ease of doing business in India are summarised herein.

• 

  Finance Minister Arun Jaitley Replies to Budget Debate: Highlights

  Finance Minister Arun Jaitley is speaking in Parliament on Budget.

• Banks to Surely Cut Lending Rates for Borrowers: Jayant Sinha

  A day after the Reserve Bank of India (RBI) cut repo rate, the government on Thursday said banks will "slowly" but surely reduce lending rates for borrowers.

• Budget Not 'Pro-Rich', it Has Something for All: Jayant Sinha

  Seeking to dispel the notion of the Budget being "pro-rich", Minister of State for Finance Jayant Sinha said on Thursday that it was a "reformist" and "landmark" Budget which has something for all.

• Opinion: Budget a Mixed Bag for Auto Sector

  Budget 2015 was perhaps one of the most talked about one, writes Sarika Goel.

• 

  Sukanya Samriddhi Scheme: 10 Key Highlights

  Investment in Sukanya Samriddhi Scheme has got tax-free status on interest income and withdrawal in the Budget.

• 

  Gold Deposit Scheme, REITs Can Monetise 1% of GDP: Report

  REITs have a market size potential of $50 billion, JM Financial says.

• 

  Higher Fiscal Deficit: Rating Agencies Frown at Fine Print

  Rating agencies have not red-flagged the Budget stretching fiscal deficit target by 0.3 percentage points to 3.9 per cent in FY16, but cautioned that higher borrowings should be used for only capacity-building in the economy.

• Electric Vehicle Makers Seek States Support

  Industry body SMEV wants states to eliminate road tax and VAT for few years.

• 

  PSU Oil Firms to Invest Rs 76,000 Crore on Project Expansion

  State-run oil firms including Oil and Natural Gas Corp (ONGC) will invest over Rs 76,565 crore on the project expansion during 2015-16, up 5 per cent over the previous fiscal year.

• 

  Budget 2015: Atal Pension Scheme to be Launched on June 1

  The government on Sunday said the APY or Atal Pension Yojna pension scheme, announced in the Budget, will be launched on June 1 and will focus on all citizens in the unorganised sector entitling them to a pension of up to Rs 5,000 per month after 60 years of age.

• 

  Delayed Fiscal Consolidation Won't Impact India Rating: Moody's

  US-based think-tank Moody's on Sunday said India's sovereign rating will not be impacted by the delayed fiscal consolidation programme announced in the Budget 2015-16.

• 

  Budget: Super Rich Senior Citizens to Take Biggest Hit, Says Report

  Individuals with an annual income of above Rs 10 lakh but below Rs 1 crore have emerged as the biggest beneficiaries of the new taxation proposals, if they are aged below 60 years, while the super-rich above this age bracket will be hit the hardest.

• 

  Gold Deposit Scheme Can Fetch Rs 1 Lakh Crore: SBI

  Finance Minister Jaitley has introduced multiple measures to monetise gold.