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Union Budget 2015 Live News

01 Mar 2015

Budget 2015 Overview: No change in rate of personal tax; mediclaim, pension exemption limits hiked

Finance Minister Arun Jaitley on Saturday proposed no changes in personal income-tax rates for 2015-16.

27 Feb 2015

Economic Survey recommends huge investment in farm research, warehousing

To boost farm and food sector, the Economic Survey today prescribed huge investment in areas like research, irrigation and warehousing, besides calling for subsidy rationalisation and setting up of a national common market for agri-produce.

27 Feb 2015

Opportune time for removal of gold import restrictions: Eco Survey

Citing prevailing favourable factors boosting the country's overall trade performance, the Economic Survey today said it is an "opportune time" to remove restrictions on gold imports.

27 Feb 2015

Bring local bodies under cooperative federalism, says Eco Survey

After hiking state's revenue share and creating NITI Aayog, the other policy challenge will be to bring cities and other local bodies under the ambit of cooperative and competitive federalism, says the Economic Survey.

27 Feb 2015

Fiscal deficit target of 4.1% to be met in FY15: Eco Survey

The government is committed to fiscal consolidation and will restrict fiscal deficit to 4.1 percent of the GDP in the current financial year, says the Economic Survey.

27 Feb 2015

Survey has been made readable like "a blog": Subramanian

"Joining RCEP might help but not fully since the expectation is that the overall standards in RCEP will be weaker than under the TPP and TTIP," the Survey said, adding "in the context of the slowdown in both world growth and India's export buoyancy, any possible exclusion from the mega-regionals would be additionally worrisome".

27 Feb 2015

'Weak infra, challenging labour laws affecting India's trade'

Expressing concerns over declining "buoyancy" of India's exports, the Economic Survey 2014-15 today said that weak infrastructure, challenging labour laws and scarcity of skilled manpower are affecting the country's trade.

27 Feb 2015

'Infra sector growth marred; has most stressed loans of PSBs'

The infrastructure sector has remained clogged by bottlenecks so much so that it accounted for one of the highest stressed advances by public sector banks, but a slew of steps are on fast-track its growth, says the Economic Survey.

27 Feb 2015

Domestic passenger traffic at Indian airports increases: Economic Survey

India`s Economic Survey Friday showed a healthy increase of 7.1 percent in the domestic passenger traffic handled at the Indian airports during April-December 2014-15.

27 Feb 2015

Affordable homes, procedural delay major policy concerns

Widening demand-supply gap in the housing sector and solutions for financing affordable homes are major policy concerns, the Economic Survey said.

27 Feb 2015

Airport PPP model leads to better infrastructure, revenues

The success of public private partnership (PPP) model in Indian airports has led to a significant improvement in infrastructure and collection of revenues, says the Economic Survey 2014-15.

27 Feb 2015

Coal, power, cement lead infrastructural growth: Economic Survey

Compared to the sluggish industrial sectors` growth of 2.1 percent from April-December 2014, coal, power and cement in the infrastructure sector have registered double digit growth in the past few months, the Economic Survey for 2014-15 said Friday.

27 Feb 2015

ONGC most profitable PSU, BSNL worst performer in 2013-14

Oil explorer ONGC was the country's most profitable PSU in 2013-14, while telecom major BSNL was the worst performer, says the Economic Survey.

27 Feb 2015

Cumulative impact of new reforms could be substantial: Eco Survey

Cumulative impact of new reform measures, such as deregulation of diesel prices, coal ordinance and raising FDI limits, taken by the Narendra Modi-led government could be substantial, says the Economic Survey.

27 Feb 2015

Need to create quality education infra to grab futuristic jobs: Eco Survey

India needs to build quality education and skill development infrastructure and a policy especially for higher education to meet requirements of futuristic employment opportunities, the Economic Survey has said.

27 Feb 2015

'Ensure women's place in economy; change patriarchal mindset'

Highlighting the need to ensure place for women in India's socio-economic set up, the Economic Survey today said the government has to play a pro-active role to change the "patriarchal mindset" prevalent in the country.

27 Feb 2015

PPP model needs revamp to revive private sector interest

Restructuring of PPP framework in infrastructure sector would help revive financially stressed projects and attract private investment, the Economic Survey said.

27 Feb 2015

'GST implementation and expansion of DBT can be game changers'

Implementation of Goods and Services Tax (GST) and expansion of Direct Benefit Transfer (DBT) scheme can be game changers as far as revenue collection is concerned, says the Economic Survey for 2014-15.

27 Feb 2015

Capital markets may be used as major source of funding: Economic Survey

Capital markets can be used as a major source for meeting funding requirements of the country to reduce dependence on banking channels, the Economic Survey suggested today.

27 Feb 2015

India's retail sector attractive long-term destination: Survey

India remains an attractive long-term retail destination despite the sector facing many challenges in the past few years, says the pre-Budget Economic Survey 2014-15.

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