The government has provided a long-term vision, avoiding any "big-bang" reforms but the devil will be in the details of the implementation, say Business Standard experts while assessing the Budget for
Budget impact on agriculture blurry
Clarity needed on the plan to reduce corporation tax
Positive thrust on startups, but concerns persist
Business Standard Editor AK Bhattacharya and director of research for Brookings India Subir Gokarn discuss Union Budget 2015 and its implications
Customs duty on commercial vehicles in CKD kits and electrically operated vehicles will continue to be 10%
Corporation tax to be cut to 25% from FY17; exemptions removed; effective rate from next year to be 34.61%
New monetary framework for inflation targeting approved; priority-sector lending norms revised
Sovereign gold bonds and India-made gold coins with Ashok Chakra embossed on those also announced
Jaitley sets condition of 50% assets in India for applicability of capital gain tax
Record underspend on equipment modernisation; lack of clarity on implementing One rank, One pension scheme
Jaitley revives Vajpayee's strategic disinvestment concept to achieve ambitious Rs 69,500 crore from PSU stake sales