Page 397 - Budget 2026 News
Budget gives lion's share to infrastructure to spur economic growth
FM Arun Jaitley today proposed a sizeable Rs 70,000 crore increase in investment in the sector besides a slew of steps to spur its growth
 "Budget gives lion's share to infrastructure to spur economic growth")
Red Carpet for pvt sector in power - 5 UMPPs
Plug & Play model, to fetch Rs 1 lakh crore investment
 "Red Carpet for pvt sector in power - 5 UMPPs")
Arun Jaitley's Union Budget 2015: Key Highlights
The most salient measures that Finance Minister Arun Jaitley presented in his Budget
Budget gives slew of benefits to local electronic goods makers
The FM proposed to reduce the rates of basic customs duty on certain inputs, raw materials, intermediates and components, to reduce manufacturing costs
Boost to manufacturing of mobile phones, tablets and other electronics
It has also been mooted to make it easier to invite investment for electronic companies
 "Boost to manufacturing of mobile phones, tablets and other electronics")
India to start gold deposit accounts, no mention of import duty
Work will also start on an Indian gold coin to cut demand for foreign-minted coins
 "India to start gold deposit accounts, no mention of import duty")
Govt earmarks Rs 75 crore for electric vehicles in 2015-16
Concessional excise duty on specified goods used for making electric vehicles extended by a year
 "Govt earmarks Rs 75 crore for electric vehicles in 2015-16")
Jaitley proposes law to promote ease of doing business
The Finance Minister said that he intends to appoint an expert committee for the purpose to examine the possibility and prepare a draft legislation where the need for multiple prior permissions can be
Govt to set up 5 new UMPPs at Rs 1 lakh crore investment
The projects will be set up under the plug and play model
Full tax exemption for contributions to Swachh Bharat
Corporates contributing for Swachh Bharat and Clean Ganga Kosh will get 100% exemption from tax
Regulations for GIFT City SEZ next month
Will be comparable to any of the other international finance centre like Singapore and Dubai, FM Jaitley said in his speech
 "Regulations for GIFT City SEZ next month")
Tech startups get Rs 1,000 crore fund, but several wishes left unfulfilled
Sector leaders cheer "positive intent"; say disbursement of fund will be key
 "Tech startups get Rs 1,000 crore fund, but several wishes left unfulfilled")
New law to track black money: Jaitley
Says there will be rigorous imprisonment of 10 years under black money law
 "New law to track black money: Jaitley")
FM proposes setting up of autonomous banks board bureau
Says this will be a step towards establishing a holding and investment company for banks
Amendments proposed for MF industry
Key proposals for the mutual funds industry
Union Budget: Transport allowance limit doubled
Total annual benefit for salaried employees now at Rs 19,200
 "Union Budget: Transport allowance limit doubled")
Cess on coal cheer towards Clean Energy
Coal auction might see lower bids
 "Cess on coal cheer towards Clean Energy")
Budget Impact: Sensex slumps nearly 250 points, Nifty breaks 8,800
The 30-share Sensex was down 242 points at 28,978 and the 50-share Nifty was down 64 points at 8,780
 "Budget Impact: Sensex slumps nearly 250 points, Nifty breaks 8,800")
Budget Impact : ITC dips 9% after excise duty hike on cigarettes
The stock has fallen nearly 13% from its record high of Rs 410 touched on NSE during intra-day trade today.
 "Budget Impact : ITC dips 9% after excise duty hike on cigarettes")
Direct tax collection estimated at Rs 14.49 lakh crore
Arun Jaitley also informed that the non-plan expenditure is pegged at Rs 13.12 lakh crore for 2015-16 and planned expenditure is expected at Rs 4.65 lakh crore
 "Direct tax collection estimated at Rs 14.49 lakh crore")