Footwear industry says duty cut to help competitiveness

Last Updated: Saturday, February 28, 2015, 19:40

The Budget proposal to reduce the excise duty on footwear with leather uppers and having retail price of over Rs 1,000 has been welcomed by the industry, saying the move will help increase competitiveness.

Budget: Delhi Metro gets 22 per cent hike

Last Updated: Saturday, February 28, 2015, 18:56

The allocation of funds for Delhi Metro in the Union Budget has seen a 22 percent jump with it being alloted over Rs 4,200 crore as its network extends deeper into the National Capital Region.

Budget 2015 evokes mixed reaction among real estate players

Last Updated: Saturday, February 28, 2015, 18:21

The real estate industry, which had pinned high hopes on the Union Budget for revival of the liquidity-starved sector, welcomed some of the proposals of Finance Minister Arun Jaitley, but said there was no clarity on development of 100 smart cities.

Budget 2015: Service tax exemption to mutual fund agents withdrawn

Last Updated: Saturday, February 28, 2015, 18:21

Investment in mutual funds may turn expensive as the government on Saturday withdrew service tax exemption given to MF agents of asset management companies (AMCs).

Five mega power projects positive for copper industry

Last Updated: Saturday, February 28, 2015, 18:05

The government's proposal to set up five new 4,000 MW ultra mega power projects, entailing investments of around Rs 1 lakh crore, is a big positive for the copper industry, said International Copper Association of India (ICA).

Budget focuses on road network on borders with China, Pak

Last Updated: Saturday, February 28, 2015, 17:49

NDA government has in its infrastructure development initiatives focused on connecting with all weather roads along borders with nearly 100 percent increase in allocation for construction of roads along Sino-India and Indo-Pak boundaries.

MEA gets 19% hike in allocation

Last Updated: Saturday, February 28, 2015, 17:30

The foreign ministry has seen a good hike of 19 percent in its fund allocations in the Union Budget 2015-16 as the main thrust remained towards various development assistance projects implemented by India in neighbouring countries including Bhutan and Afghanistan.

Jaitley favours procurement law to prevent scams

Last Updated: Saturday, February 28, 2015, 17:19

Union Finance Minister Arun Jaitley Saturday advocated a procurement law to check wrongdoings by officials in public procurement.

Budget: SIT on blackmoney gets 10 percent hike

Last Updated: Saturday, February 28, 2015, 17:16

The Special Investigation Team (SIT) on black money has been accorded an about 10 percent hike in the latest budgetary allocation for expanding its infrastructure and procuring logistics to effectively conduct its task of tackling the menace.

Budget 2015: Air travel becomes costlier, Ai India to get Rs 2500 crore

Last Updated: Saturday, February 28, 2015, 17:04

First and business class air travellers would find flying costlier from the next fiscal with an almost 2 percent hike in service tax rate proposed in the general budget, which also earmarked Rs 2,500 crore for ailing Air India in 2015-16.

MHA gets Rs 62,124.52 cr in budget, a 10.2% jump

Last Updated: Saturday, February 28, 2015, 16:20

Home Ministry was today allocated Rs 62,124.52 crore in the Union Budget, a modest 10.2 percent jump over the outlay in last fiscal, with special focus on safety of women, rehabilitation of Kashmiri Pandits and internal security.