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Postal Network Spread Across the Country to be Used for Increasing Access to Formal Financial SystemPosted Date : 28-Feb-2015 , 01:51:56 pm | Posted By CASANSAAR
The Finance Minister, Shri Arun Jaitely presenting the Union Budget 2015-16, here today, said that the government is committed to increasing access of the people to the formal financial system. In this context, Government proposes to utilize the vast Postal network with nearly 1,54,000 points of pre...
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Posted Date : 28-Feb-2015 , 01:50:51 pm | Posted By CASANSAAR
The Finance Minister, Shri Arun Jaitley signaled the government’s intent to curb generation of black money in real estate in the Budget 2015-16. Presenting the Budget in the Lok Sabha today he proposed amendments in the Income Tax Act prohibiting acceptance or repayment of advance in cash of R...
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Posted Date : 28-Feb-2015 , 01:50:06 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley in his Budget Speech in Lok Sabha today announced measures to improve the ease of doing business so as to achieve ‘Minimum Government and Maximum Governance’. He sought to bring about simplification of tax procedures in the Financial Bill 2015...
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Posted Date : 28-Feb-2015 , 01:49:05 pm | Posted By CASANSAAR
The Finance Minister, Shri Arun Jaitely presenting the Union Budget 2015-16, here today, said that government is committed to supporting employment through MGNREGA and ensure that no one who is poor is left without employment. Shri Jaitley said that the focus is on improving the quality and effectiv...
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Posted Date : 28-Feb-2015 , 01:47:37 pm | Posted By CASANSAAR
The Finance Minister, Shri Arun Jaitley presenting the Budget for 2015-16 in Lok Sabha today, proposed that donations (other than CSR contributions under the Companies Act 2013) to the Swachh Bharat Kosh (by residents and non residents) and Clean Ganga Fund (by residents) will be 100 % deductible un...
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Posted Date : 28-Feb-2015 , 01:46:54 pm | Posted By CASANSAAR
The Finance Minister Shri Arun Jaitley while presenting the Budget announced in the Lok Sabha steps to broaden the Tax Base that will maximize benefits to the economy. The Service Tax rate is being increased from 12% plus Education Cesses to 14%. The new service tax rate shall subsume the &lsqu...
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Posted Date : 28-Feb-2015 , 01:46:18 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley has proposed to do away with the distinction between different types of foreign investments, especially between foreign portfolio investments and foreign direct investments, and replace them with composite caps. Presenting the General Budget 2015-16 in th...
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Posted Date : 28-Feb-2015 , 01:45:31 pm | Posted By CASANSAAR
The Union Finance Minister, Shri Arun Jaitely presenting the Union Budget 2015-16, here today, said that our government firmly believes that development has to generate inclusive growth. While large corporate and business entities have role to play, this has to be complemented by informal sector ent...
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Posted Date : 28-Feb-2015 , 01:44:53 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley has proposed to create a task force to establish a sector neutral financial redressal agency that will address grievances against all financial service providers. Presenting the General Budget 2015-16 in the Lok Sabha here today, Shri Jaitley stated that ...
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Posted Date : 28-Feb-2015 , 01:43:37 pm | Posted By CASANSAAR
The Finance Minister, Shri Arun Jaitley has said that adequate provision has been made for the schemes for the poor and disadvantaged in the Budget of 2015-16. Delivering his Budget Speech in the Parliament today, the Finance Minister said that an amount of Rs. 68,968 crore has been allocated to the...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 318
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Posted Date : 28-Feb-2015 , 01:42:44 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley has announced that with respect to Employees Provident Fund (EPF), the employee needs to be provided two options. Firstly, the employee may opt for EPF or the New Pension Scheme (NPS). Secondly, for employees below a certain threshold of monthly income, c...
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Posted Date : 28-Feb-2015 , 01:41:58 pm | Posted By CASANSAAR
The Union Finance Minister, Shri Arun Jaitely presenting the Union Budget 2015-16, here today said that a large proportion of India’s population is without insurance of any kind – health, accidental or life worryingly, as our young population ages, it is also going to be pension-less. En...
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Posted Date : 28-Feb-2015 , 01:41:10 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley has announced several steps for monetizing gold. Presenting the General Budget 2015-16 in the Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley stated that stocks of gold in India are estimated to be over 20,000 tonne but mostly this gold...
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Posted Date : 28-Feb-2015 , 01:40:30 pm | Posted By CASANSAAR
The plan outlay of 2015-16 reflects the compositional shift in the allocations for various Programmes and Schemes in view of high devolution; 42% of Union Taxes, to States as per the recommendation of 14th Finance Commission. Making his Budget Speech while presenting the General Budget 2015-16,...
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Posted Date : 28-Feb-2015 , 01:39:22 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley has proposed to merge the Forwards Markets Commission with SEBI to strengthen regulation of commodity forward markets and reduce wild speculation. Enabling legislation, amending the Government Securities Act and the RBI Act is proposed in the Finance Bill...
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Posted Date : 28-Feb-2015 , 01:38:40 pm | Posted By CASANSAAR
The Government will soon launch a National Skills Mission through the Skill Development and Entrepreneurship Ministry. The Finance Minister, Shri Arun Jaitley, in his Budget Speech 2015-16 today, said that the Mission will consolidate skill initiatives spread across several Ministries. It will allow...
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Posted Date : 28-Feb-2015 , 01:37:30 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley has said that the facilities at India’s 25 Cultural World Heritage Sites are still deficient and require restoration. While presenting the General Budget 2015-16 in the Parliament today, the Finance Minister Shri Jaitley has stated that the...
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Posted Date : 28-Feb-2015 , 01:36:04 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley has said that a Bill to enact a new law to deal with black money is to be introduced in the current session of the Parliament. In his Budget Speech in the Lok Sabha here today, giving details of proposed key features of the law, the Finance Minister said ...
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Posted Date : 28-Feb-2015 , 01:35:25 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley has proposed an increase in investment in infrastructure by Rs. 70,000 crore in the year 2015-16 over the year 2014-15 from the Centre’s funds and resources of CPSEs. Presenting the General Budget 2015-16 in the Lok Sabha here today, the Finance Min...
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Posted Date : 28-Feb-2015 , 01:34:54 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley has announced the setting up of a National Investment and Infrastructure Fund (NIIF). Presenting the General Budget 2015-16 in the Lok Sabha here today, the Finance Minister stated that an annual flow of Rs.20,000 crore will be ensured for the NIIF. This ...
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Posted Date : 28-Feb-2015 , 01:34:17 pm | Posted By CASANSAAR
The Finance Minister Shri Arun Jaitley has said that the Corporate Tax Rate is proposed to be reduced from the current 30% to 25% over the next 4 years. In his Budget Speech in the Lok Sabha here today, Shri Jaitley said this is expected to lead to higher level of investment, higher growth and more ...
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Posted Date : 28-Feb-2015 , 01:33:11 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley has stated his intentions to establish the ATAL Innovation Mission(AIM) in NITI. Presenting the General Budget 2015-16 in the Lok Sabha here today, the Finance Minister stated that AIM will be an Innovation Promotion Platform involving academics, entrepre...
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Posted Date : 28-Feb-2015 , 01:32:20 pm | Posted By CASANSAAR
Government has announced the setting up of a Self- Employment and Talent Utilisation (SETU) mechanism. Presenting the General Budget 2015-16 in the Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley stated that SETU will be a Techno-Financial, Incubation and Facilitation Programme to...
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Posted Date : 28-Feb-2015 , 01:20:03 pm | Posted By CASANSAAR
The Central Government will impose a Swachh Bharat Cess on all or certain taxable services at a rate of 2% from a date to be notified. The Finance Minister Shri Arun Jaitley announced in his Budget Speech that the proceeds from this Cess would be utilized for Swachh Bharat initiatives. In a related ...
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Posted Date : 28-Feb-2015 , 12:39:35 pm | Posted By CASANSAAR
FM Arun Jaitley to present Union Budget 2015 today at 11.00 AM. CASANSAAR are providing you live updates of Union Budget 2015. JUST REFRESH THE PAGE (CLICK F5) FOR ALL LIVE UPDATES. Tax Proposals FM has concluded his speech. The parliament is in commotion. Nothing new there....
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Posted Date : 28-Feb-2015 , 09:42:52 am | Posted By CASANSAAR
Hon'ble Finance Minister's Presentation of Union Budget in the Parliament on 28th Feb 2015, 11:00 AM IST. WAIT FOR LIVE TELECAST.......
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Posted Date : 28-Feb-2015 , 08:28:16 am | Posted By CASANSAAR
Eager to win over the middle class following Delhi poll debacle, Finance Minister Arun Jaitley is expected to present a common man-friendly Union Budget on Saturday by either raising tax slabs or hiking investment limit in savings instruments. Besides giving sops to individual tax payers, he is als...
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Posted Date : 27-Feb-2015 , 09:38:13 pm | Posted By CASANSAAR
Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: Inflation has declined by over 6 percentage points since late 2013. The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13...
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Posted Date : 27-Feb-2015 , 09:36:59 pm | Posted By CASANSAAR
There is a dual challenge of developing skills and utilizing them in a proper way. The Economic Survey 2014-15 has stated that as per the Labour Bureau Report 2014, the present skilled workforce in India is only 2 percent, which is much lower when compared to the developing nations. As per the repor...
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Posted Date : 27-Feb-2015 , 09:35:30 pm | Posted By CASANSAAR
According to the Economic Survey “all States stand to gain from FFC transfers in absolute terms.” The Survey observes that Fourteenth Finance Commission recommendations will enhance cooperative and competitive federalism. The biggest gainers in absolute terms under general category ...
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