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Union Budget took notice of the marginalized: RS Prasad

Last Updated: Sunday, March 1, 2015, 17:26

Union Minister for Communications and Information Technology Ravi Shankar Prasad on Sunday hailed the first budget introduced in the Parliament by the NDA Government, saying that it took serious notice of equity concerns of the poor, underprivileged and marginalised.

Insurance sector fears being pulled into Cess Pool, wants clarity on sops

Last Updated: Sunday, March 1, 2015, 17:23

Generally satisfied at the budgetary proposals of union Finance Minister Arun Jaitley for 2015-16, insurance industry officials however expressed their fears of being pulled into the "cess pool" of the Swachh Bharat Cess.

E-commerce transactions on aggregator platforms turn costly

Last Updated: Sunday, March 1, 2015, 17:21

E-commerce transactions through websites and mobile apps based on 'aggregator model', including for cab services and online shopping, may turn expensive as those providing such services under their own brand are being brought under the service tax net.

High profile oil & gas sector gets no mention in Budget

Last Updated: Sunday, March 1, 2015, 17:02

Barring duty rejig for petrol and diesel, Finance Minister Arun Jaitley did not mention the high profile oil and gas sector in his Budget speech yesterday.

Vistara to have fleet size of 20 aircraft by 2018

Last Updated: Sunday, March 1, 2015, 16:43

Vistara, a joint venture between Tata Sons and Singapore Airlines, today said its fleet size will be increased to 20 by 2018, from five at present.

BAOA terms budget disappointing for aviation sector

Last Updated: Sunday, March 1, 2015, 16:41

A body of business jet operators today termed as "disappointing" the general Budget and said India cannot become the third largest aviation market by 2020, which it is aiming for, unless issues plaguing the aviation sector were addressed in an appropriate manner.

Rating firms flay fiscal consolidation delay; rule out upgrade

Last Updated: Sunday, March 1, 2015, 14:46

Global agency Moody's said the credit profile still faces a constraint from the fiscal side, while the government has decided to focus more on growth than the fiscal consolidation.

Walmart sees Bud driving domestic consumption, retail growth

Last Updated: Sunday, March 1, 2015, 14:09

Retail giant Walmart sees an increase in India's domestic consumption and retail growth over a period of time on the back of social security measures proposed in the Budget.

Govt targets Rs 1 lakh cr in dividend collection next fiscal

Last Updated: Sunday, March 1, 2015, 14:08

The government will collect Rs 88,781 crore on account of dividends in the current fiscal, the Budget document shows.

Higher fiscal deficit: Rating agencies frown at fine-print

Last Updated: Sunday, March 1, 2015, 14:45

"The quality of fiscal deficit measured by the ratio of revenue deficit-to-fiscal deficit under FY15 revised estimate is 70.7 percent while the FY16 budget estimate is 71 percent," it said.

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