Finance Minister Arun Jaitley, who is presenting the Union Budget for fiscal 2015-16 in the Lok Sabha, on Saturday said that he intends to create a direct tax regime which is internationally competitive on rates.
The highlights of his speech are as follows:
I intend to create a direct tax regime which is internationally competitive on rates.
India is the largest consumer of gold in the world, I propose to introduce a gold monetization scheme.
I propose to work on developing Indian gold coin which carries the Ashok Chakra, will help recycle gold available in country.
Will deepen Indian Bond Market at par with the World standards.
In order to support security of women, I have decided to provide another 1000 crores to Nirbhaya fund.
The government to do away with distinctions between FII and FDI and replace it with Composite Caps.
