Page 396 - Budget 2026 News
Corporate tax to be brought down to 25% over 4 years: FM
But tax exemptions and incentives to the industry to be withdrawn
 "Corporate tax to be brought down to 25% over 4 years: FM")
Pharma shares gain; BSE Healthcare index up nearly 200 points
SPARC, Aurobindo, Sun Pharma, Ranbaxy Laboratories and Dr Reddy's Laboratories are up 2-7% on BSE.
 "Pharma shares gain; BSE Healthcare index up nearly 200 points")
Bank Nifty zooms over 500 points; Axis Bank surges 8%
IndusInd Bank, Yes Bank and Kotak Mahindra Bank rallied between 4-6% on NSE.
 "Bank Nifty zooms over 500 points; Axis Bank surges 8%")
Excise duty on cement raised by Rs 100 per tonne
Domestic cement makers say this the the upper limit
 "Excise duty on cement raised by Rs 100 per tonne")
Govt proposes composite caps to streamline FDI regime
Portfolio and foreign direct investments will be treated as one category and will have to comply with FDI norms
 "Govt proposes composite caps to streamline FDI regime")
Market reactions to Union Budget 2015
Here is how leading market experts interpret the Union Budget 2015 proposals
Sensex gains 233 points; private banks lead
Provisionally, the 30-share Sensex surged 233 points to end at 29,454 and the 50-share Nifty gained 75 points to close at 8,920.
 "Sensex gains 233 points; private banks lead")
Jaitley calls for increasing agricultural productivity
He also stressed on the need to increase investment in the building of infrastructure and on improving medical services
 "Jaitley calls for increasing agricultural productivity")
Bill on prevention of black money on the radar: FM
The provision of rigorous imprisonment could be upto 10 years for concealment of assets and black money of serious nature
 "Bill on prevention of black money on the radar: FM")
Nirbhaya fund doubled: Jaitley
Says another Rs 1,000 crore has been allocated to the Nirbhaya Fund
Subsidy bill cut by 10% to Rs 2.27 lakh crore for 2015-16
Petroleum subsidy halved to Rs 30,000 crore
 "Subsidy bill cut by 10% to Rs 2.27 lakh crore for 2015-16")
Foreign investment in AIF, tax 'pass-through' to boost PE funds
Alternative Investment Funds are established or incorporated for pooling in capital from Indian investors
 "Foreign investment in AIF, tax 'pass-through' to boost PE funds")
India raises defence budget modestly as it faces China challenge
India is trying to narrow the military gap with China, which has been augmenting its naval presence in the Indian Ocean
 "India raises defence budget modestly as it faces China challenge")
Higher tax exemption for health insurance premium
But increase in service tax can push up premiums
 "Higher tax exemption for health insurance premium")
Govt proposes steps to monetise gold, contain imports
Sovereign gold bond, gold monetisation scheme and gold coins with Ashok Chakra planned
 "Govt proposes steps to monetise gold, contain imports")
Budget 2015: Bad news for ITC
25% increase in 65 mm cigarettes and 15% in other categories
 "Budget 2015: Bad news for ITC")
Budget Impact: Sensex down nearly 150 points; Nifty hovers near 8,800
The 30-share Sensex was down 143 points at 28,077 and the 50-share Nifty was down 31 points at 8,813
 "Budget Impact: Sensex down nearly 150 points; Nifty hovers near 8,800")
Govt to revamp laws governing salary payment
Employees to be given options with respect to Employees Provident Fund
 "Govt to revamp laws governing salary payment")
Union Budget 2015: GAAR deferred by two years
Will apply prospectively to investments made on or after April 1, 2017
 "Union Budget 2015: GAAR deferred by two years")
Housing finance companies dip on profit booking
LIC Housing Finance, GIC Housing Finance, Dewan Housing Finance, Can Fin Homes and HDFC are down 2-4% on BSE.
 "Housing finance companies dip on profit booking")