Business News

Last updated: Monday, March 02, 2015 11:04:03 PM

Budget 2015-16: What is costlier, what is cheaper
New Delhi, Feb 28 (IANS) The national budget presented by Finance Minister Arun Jaitley Saturday has the potential to increase what you pay for some commodities while also reducing it for certain categories.

Saturday, February 28, 2015 7:50:06 PM

Petrol, diesel rates hiked by over Rs.3 a litre each
New Delhi, Feb 28 (IANS) The prices of petrol and diesel have been raised by Rs.3.18 and Rs.3.09 a litre respectively (ex-Delhi), effective midnight, following a steep increase in international crude prices, Indian Oil Corp (IOC) announced here Saturday.

Saturday, February 28, 2015 7:36:23 PM

Jaitley proposes corporate tax, customs duty cuts, service tax hike
New Delhi, Feb 28 (IANS) Finance Minister Arun Jaitley Saturday proposed to cut the corporate tax rate by five percent to 25 percent over next four years while increasing the service plus education cess from 12.36 percent to a consolidated 14 percent.

Saturday, February 28, 2015 7:36:22 PM

Tax, health benefits in budget delight many
New Delhi, Feb 28 (IANS) The emphasis on health and several tax benefits, with no change in income tax rates and a universal social security system for all Indians, has left the public largely satisfied with the union budget presented in parliament Saturday.

Saturday, February 28, 2015 7:36:21 PM

Budget for growth, savings, industrial development, middle class: Corporate India
New Delhi, Feb 28 (IANS) Perceiving the union Budget 2015-16 as progressive, one which provides an enabling business environment for foreign investment, Corporate India feels it is aimed at growth, savings, industrial development, and for the middle class.

Saturday, February 28, 2015 6:54:04 PM

Petrol, diesel rates hiked by Rs.3 a litre each
New Delhi, Feb 28 (IANS) Prices of petrol and diesel have been raised by Rs.3.18 and Rs.3.09 a litre (ex-Delhi), effective midnight, following a steep increase in international crude prices, Indian Oil Corp announced here Saturday.

Saturday, February 28, 2015 6:52:16 PM

Budget 2015-16: Bankruptcy code in fiscal for easier business
New Delhi, Feb 28 (IANS) India will have a comprehensive bankruptcy code making it easier for entrepreneurs to exit unviable ventures on the lines prevailing in the US, towards improving the ease of doing business, Finance Minister Arun Jaitely said Saturday.

Saturday, February 28, 2015 6:36:18 PM

Higher corporate surcharge could fetch 35 percent more revenue
New Delhi, Feb 28 (IANS) Finance Minister Arun Jailey hopes to rope in a significant 35 percent additional revenues by increasing the tax surcharge on the corporate sector, including a hike of 2 percentage points on the levy imposed for distribution of dividends.

Saturday, February 28, 2015 6:34:04 PM

Sensex closes 141 points up, bank stocks zoom (Roundup)
Mumbai, Feb 28 (IANS) In a volatile session, a benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), ended Saturday's trade up 141 points or 0.48 percent.

Saturday, February 28, 2015 6:24:04 PM

Wealth tax to be abolished with tax on 'super rich'
New Delhi, Feb 28 (IANS) In a bid to remove "high-cost, low-yield taxation", Finance Minister Arun Jaitley Saturday proposed to abolish wealth tax and impose a 2 percent additional surcharge on the "super rich" to garner more funds.

Saturday, February 28, 2015 6:18:03 PM

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