Budget 2015-16 in eight charts

There were some big new developments in Saturday’s budget, but the stories emerged from the Budget’s fine print, not the speech in Parliament. 1. The biggest story of this Budget is a major change ...
  • Nirbhaya fund gets Rs. 1,000 crore

    Women and child development allocation slashed by half.
  • A bold and compelling vision

    This is not a budget that should be judged only by the allocations, but by the ideas for rejuvenating growth and meeting the aspirations of India, says Kumar Mangalam Birla
  • All you need to know about Budget 2015

    States to be equal partners in economic growth; move to making India cashless society; social sector programmes to continue. Some of the challenges mentioned by the Finance Minister are: poor agricul...
  • Budget 2015: Key highlights for middle class tax-payers

    * No change in tax slabs or minimum taxable limit * The transport allowance exemption hiked to Rs 1,600 per month from Rs 800 per month. * Limit of deduction of health insurance premium increas...

Reactions to Budget 2015

What the Industry wants

New Delhi, March 16, 2015

Zee Media to raise Rs 195.55 cr. via rights issue

Zee Media on Monday said its issue of rights to raise Rs. 195.55 crore from the open market would open on March 25. The company board has approved the “Letter of Offer for the proposed Ri... »
Chennai, March 6, 2015

Renewable energy sector left high and dry

It was widely expected that Budget 2015-16 would include a lot of goodies for the renewable energy sector, especially because the industry had promised Prime Minister Modi renewable energy... »
New Delhi, March 6, 2015

Oil and gas find little mention

Plagued by ‘corporate espionage’, the oil and gas sector found little mention in Arun Jaitley’s Budget, except subsuming education cess with excise duty on petrol and diesel. “Som... »
NEW DELHI, March 6, 2015

Auto sector hopes to ride on infra boost

Though the automobile sector received little attention in the Budget, the industry felt that new proposals and schemes directed at infrastructure will grow its sales. This... »
March 6, 2015

Accessing tech made cheaper

New and emerging companies may no longer have to pay a fortune for procuring the latest in technology from overseas markets. The government has proposed to reduce the inco... »
Cementing trust: The Finance Minister’s move has the potential to stimulate the REIT market in India
BENGALURU, March 6, 2015

Sponsor of REITs to get exemption

Sponsors swapping shares of a special purpose vehicle (SPV) holding real-estate or infra asset with units of REIT/ InvIT and subsequently divesting the units on the stock exchange, will be... »
New Delhi, March 3, 2015

Budget for huge increase in DBT

The Union Budget 2015-16 proposes a 10-fold scaling up of direct benefit transfers (DBT) during the next financial year as a key expenditure control measure. The move is expected to lead to... »
The company’s proposed scheme envisages a minimum gold deposit of 50 grams, fitting the profile of more than 90 per cent of India’s gold consumers.
MUMBAI, March 2, 2015

MMTC joint venture draws up scheme to mobilise retail gold

Gold refiner MMTC-PAMP is ready with a gold metal account scheme. The scheme can mobilise gold from small consumers, who account for a significant share of demand. The Union budget 2015 a... »
New Delhi, March 1, 2015

PSU oil cos to invest Rs. 76,000 crore on project expansion

State-run oil firms including Oil and Natural Gas Corp (ONGC) will invest over Rs. 76,565 crore on the project expansion during 2015-16, up 5 per cent over the previous fiscal.ONGC, the nat... »
Workers at a manufacturing unit near Coimbatore. File photo
Chennai/Coimbatore, March 1, 2015

Industry welcomes proposal on GST

Industries in the State have welcomed the budget announcements, especially the proposal to implement Goods and Services Tax from next year. According to Ravi Sam, chairman, Confe... »

Retailers seek rationalisation: Smuggling fears resurface

No mention of MRTS, yet again

Textile industry disappointed

‘A breakthrough budget for private equity industry’

MUDRA Bank to fund the ‘missing middle’

Time deposits to include recurring deposits too

Roller-coaster ride on bourses

Rs. 6,000 crore for Space Dept.

Budget expands safety net, but holes remain

Divert MGNREGA funds to skill development: RSS

CHENNAI, March 6, 2015

Tax on premature PF withdrawal

To discourage premature withdrawal of provident fund by subscribers, Union Finance Minister Arun Jaitley has proposed a tax on such early closures. He has inserted a new provision in his bu... »
New Delhi, March 6, 2015

No spark for power

The Budget brings good news for the power sector on one main count. It modified the application of the 20 per cent additional depreciation for power firms. Until now, a company was allowed... »
March 6, 2015

Damp squib for oil & gas sector

The change The Budget has mostly been a damp squib for the oil and gas sector with long-pending demands ignored yet again. The request that exploration and production activities be... »
BENGALURU, March 6, 2015

MAT worries linger for software firms

Hopes of Indian software service companies have been dashed as the sector was hoping for a reduction in Minimum Alternate Tax (MAT) for companies in SEZs in the Budget. Th... »
MUMBAI, March 6, 2015

Steel continues to feel the heat

Steel companies expecting protection against the onslaught of cheaper imports were disappointed. Though the Government has made a provision to increase the peak customs duty on steel impor... »
March 6, 2015

Real estate sector welcomes REIT pass-through status, but wants more

Capital gain and pass-through status to Real Estate Investment Trusts (REITs), curbing of black money in the real-estate sector and housing for all, are some highlights for the real estate... »
KOLKATA, March 3, 2015

Clean energy sector seeks more clarity

The renewable energy sector may find it difficult to realise the targets set for them without clarity on the funding of various schemes announced in the budget, sector experts and analysts said h... »
New Delhi, March 1, 2015

E-commerce transactions on ‘aggregator’ platforms turn costly

E-commerce transactions through websites and mobile apps based on ‘aggregator model’, including for cab services and online shopping, may turn expensive as those providing such services under thei... »
New Delhi, March 1, 2015

Budget provisions to check black money much needed: SIT

The Special Investigation Team (SIT) on black money has welcomed the announcements made in the Budget to tackle menace of illegal funds and similar assets stashed abroad even as it cautioned that... »
March 1, 2015

Health sector disappointed

With no increase in allocation for healthcare, the Union Budget 2015 has been disappointing for many in the sector.“The allocated healthcare budget for this year is about Rs. 33,150 crore. I... »

Minimum impact on differently-abled

No light ahead for green energy

Focus on productive areas

‘Budget fails to confer industry status to realty sector’

Jaitley gets 8/10 from corporate India

SARFAESI Act to cover NBFCs

Ushering in a new policy era

Modi’s stamp evident

It's India's chance to fly

Budget Basics: A glossary of terms

It's time to learn and ready ourselves for a long speech which involves terms unfamiliar to many. Here is a ready reckoner for some of these terms. Read more »

What the common man wants

  • Additional deduction of Rs. 25,000 for differently abled persons.
  • Educational cess and higher educational cess to be subsumed as a part of GST.
  • EPF — Employee may opt for EPF or new pension scheme, employee's contribution to EPF below an income threshold will be optional without reducing employer's contribution.
  • Finance Minister announces a Universal Social Security System for all Indians, mainly for the poor
  • Direct Benefit Transfer will be futher expanded: FM
  • MGNREGA will be continued: FM Arun Jaitley
  • We need to upgrade 80,000 secondary schools: FM
  • Achievements of our government for the people - Jan Dhan Yojana, and Swachch Bharat Abhiyan: Arun Jaitley
  • Arun Jaitley begins his Budget speech. "We have embraced the States as equal partners in the process of economic growth."
  • Chennai has some demands — mass rapid transit system to standardisation of taxes to higher budgetary spending and steps to curb prices.
  • The Economic Survey was released. Take a look at how our business editors demystified it.
  • First off, here's a refresher on budget basics. Here's a glossary on some of terms used in the budget.
  • Welcome to The Hindu's coverage of Union Budget 2015.
  • Railway passengers would soon be able to access WiFi at Visakhapatnam Railway Station as part of the proposal of the Railways to provide wifi facility at all B Category stations. The pro... »

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