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  New service tax rate of 14 pc applicable from today

  June 01, 2015 7:21 IST

  New Delhi: The new service tax rate of 14 per cent will come into effect from today, a move that will make eating out in restaurants, insurance and phone bills expensive, among many other things.The

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  Army unable to buy critical weapons due to low budget allocation

  India | May 04, 2015 14:50 IST

  New Delhi: The Parliament's Standing Committee was taken aback when the top officials of Indian military told that they could not buy critical weapons due to lack of funds.Last week the report on military's concerns

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  Foreign investors cry foul over India's surprise tax regime

  April 05, 2015 11:22 IST

  Hongkong: The investor groups of US and European nations have called for the Indian government to clarify its tax regime for foreigners on an urgent basis, following surprise attempts by tax inspectors to scrape back

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  Government likely to strip RBI of power to regulate govt bonds

  March 19, 2015 8:36 IST

  New Delhi: Government plans to strip the Reserve Bank of India's (RBI) of its power to regulate government bonds, but leave the Central bank in charge of other money market instruments, according to some media

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  Chidambaram slams Budget 2015, says it fails fiscal and financial stability test

  March 08, 2015 9:00 IST

  New Delhi: Days after the budget was announced by the finance minister Arun Jaitley, former Union Minister P Chidambaram said the latest Budget's measures do not meet the 3.6 per cent fiscal deficit target for

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  Revolutionary Budget sparks Raghuram Rajan to cut rates

  March 06, 2015 7:32 IST

  Mumbai: The second unscheduled cut on Wednesday - within two months - in the repo rate at which the Reserve Bank of India (RBI) lends to commercial banks was not as unexpected as the first

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  Budget creates favourable condition for RBI to cut interest rate: Jayant Sinha

  March 02, 2015 12:20 IST

  New Delhi: MoS for Finance Jayant Sinha has said that the Budget 2015-16 has created favorable conditions for Reserve Bank of India (RBI) to cut interest rate."We have actually put in place the conditions for

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  Fully-imported trucks, buses to turn dearer

  March 01, 2015 14:35 IST

  New Delhi: In his first full Budget presented yesterday, the NDA government tweaked customs duty on several items, whih will lead to a hike in prices of commercial vehicles.Finance Minister Arun Jaitley has levied a

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  Arun Jaitley's Budget has all PM Modi's stamp on it

  Politics | March 01, 2015 12:55 IST

  New Delhi: Finance Minister Arun Jaitley's announcements in the Budget were made keeping in mind Prime Minister Narendra Modi's personal values and beliefs.The Budget was not a result of the finance minister's six-member team, but

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  Arun Jaitley makes fashion statement with Nehru jacket

  Lifestyle | March 01, 2015 11:20 IST

  New Delhi:  Finance Minister Arun Jaitley Saturday looked dapper in a striking deep blue Nehru jacket as he presented the union budget.Jaitley, 62, wore a soothing light blue shirt which he teamed with the striking

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  Govt plans to double disinvestment proceeds for next fiscal

  March 01, 2015 10:58 IST

  New Delhi: The government yesterday proposed raising Rs 69,500 crore from disinvestment and strategic sale in state-owned companies.Of the total budgeted proceeds, Rs 41,000 crore is estimated to come from minority stake sale in PSUs,

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  Budget misses opportunity to meet people's expectations: AAP

  Politics | March 01, 2015 10:16 IST

  New Delhi: Aam Aadmi Party Saturday termed the budget as a “missed opportunity” for failing to meet the expectations of common man, but welcomed government's move to bring legislation on black money.The party also raised

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  Arun Jaitley draped Budget speech documents in tri-colour

  March 01, 2015 10:18 IST

  New Delhi: Ending an age-old convention, the Finance Ministry Saturday came out with the Budget documents displaying different colours and a photograph of Parliament.The Budget speech, which is usually in plain blue, was this time

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  Manmohan Singh gives thumbs down to NDA's Budget

  Politics | March 01, 2015 8:31 IST

  New Delhi: Former Prime Minister Manmohan Singh said the Modi government's Union Budget 2015-16 has failed to capitalize on a ‘lucky economic phase that he has inherited'."Arun Jaitley is a very lucky Finance Minister. He

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  Sports budget hiked by Rs.384.52 crore

  Other Sports | March 01, 2015 8:23 IST

  New Delhi: Finance Minister Arun Jaitley Saturday allocated Rs.1541.13 crore to the ministry of youth affairs and sports for 2015-16, an increase of approximately Rs.384.52 crore from the last financial year.For the 2014-15 year, the

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  Budget 2015: Twitteratis quiz FM Arun Jaitley with #AskYourFM in 'Talkathon'

  Mouthful | March 01, 2015 10:28 IST

  Going in on the footsteps of Indian PM Narendra Modi our Finance Minister Arun Jaitley, in an attempt to connect with the citizens of the country, featured in YouTube talkathon organized by the Ministry of

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  Corporates cheer the Budget 2015, not much for middle class

  February 28, 2015 17:48 IST

  New Delhi: Finance minister Arun Jaitley has focused more on reforms and less on populism in his first full year Budget. Corporate class can cheer over the reforms and cut in corporate tax but middle

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  Budget 2015: Tech startups get Rs 1000 cr boost, SETU to be set up; firms term it positive

  February 28, 2015 17:04 IST

  New Delhi: In the much-awaited Union Budget, Finance Minister Arun Jaitley tried to do a balancing act between the imperatives of reducing the fiscal deficit and the need to increase public investment to kick-start investment

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  Budget 2015: Defence allocation increased by nearly 11%

  February 28, 2015 16:54 IST

  New Delhi: Government today increased the defence budget by 10.95 per cent to Rs 2.46 lakh crore for the next fiscal as compared to the revised estimates of Rs 2.22 lakh crore for 2014-15 as

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  Budget 2015 is a 'dhanwapsi' praogramme for corporates: Congress

  Politics | February 28, 2015 16:36 IST

  New Delhi: Opposition on Saturday slammed as "hollow and plain" BJP's first full-year union budget, saying it lacked the vision and alleged that it was "repayment" by the BJP government to the rich and the