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

CHENNAI, March 3, 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... »
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... »
March 1, 2015

Minimum impact on differently-abled

Budget 2015 won’t have much of an impact on the common person with disability, say experts. Apart from making some heritage sites accessible, an hike in tax exemption to the tune of Rs. 25,0... »
Solar panel being placed on the roof of Kalyana Katta to harness Solar energy. Photo: V.Ganesan
March 1, 2015

No light ahead for green energy

The Union Budget 2015 has been a disappointment for solar retailers and consumers in the city, as no tax exemptions or reductions have been announced for green energy. Though an ambitious ta... »
T. M. Bhasin, Chairman and Managing Director, Indian Bank
March 1, 2015
First Take

Focus on productive areas

Union Budget-2015-16 is a forward looking Pro-poor, Pro-agriculture and Pro-infrastructure budget. Union Budget 2015 aims at higher trajectory of growth while balancing the fiscal deficit... »
The sector feels an opportunity was missed and some long pending demands such as removal of DDT and MAT in SEZs, reintroduction of Section 80–IB for low cost housing and the like were ignored.
MUMBAI, March 1, 2015

‘Budget fails to confer industry status to realty sector’

The budget failed to bestow infrastructure or industry status to the real estate segment or the affordable housing segment and there are only few positives from the thrust on infrastructure, which... »
Industrialists viewing the budget session at CII in New Delhi on Saturday.
MUMBAI, March 1, 2015

Jaitley gets 8/10 from corporate India

Corporate India, led by Godrej Group Chairman Adi Godrej and Tata Consultancy Services Managing Director and CEO N Chandrasekaran, has given eight out of ten marks to Finance Minister Arun Jaitley... »

SARFAESI Act to cover NBFCs

Ushering in a new policy era

Modi’s stamp evident

It's India's chance to fly

Rs. 34,699 crore for rural job scheme

Springboard for a high growth

Visa on arrival to be extended to 150 countries

New money-sharing regime is in

Jaitley woos corporates, foreign players

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... »
Gold coin displayed for sale at an showroom in Kochi on December 31, 2013. File Photo: K. K. Mustafah
March 1, 2015

Retailers seek rationalisation: Smuggling fears resurface

Jewellers in the gold hub of Chennai have given a ‘thumbs up’ to the gold monetisation scheme announced in the Union Budget on Saturday. They are, however, disappointed the government has no... »
March 1, 2015

No mention of MRTS, yet again

With respect to the transport sector, the Union Budget dealt mostly with investments in road and rail. Experts said more allocation in road and rail projects — by permitting tax-free infrast... »
COIMBATORE, March 1, 2015

Textile industry disappointed

The textile industry has expressed disappointment over the budget announcements as the major demands have not been met. Confederation of Indian Textile Industry Chairman Prem Malik said the... »
CHENNAI, March 1, 2015

‘A breakthrough budget for private equity industry’

This has truly been a breakthrough budget for the private equity/venture capital industry.  Tax pass-through for all category I and category II funds, and the ability to blend foreig... »
CHENNAI, March 1, 2015

MUDRA Bank to fund the ‘missing middle’

The Centre propose to create a Micro Units Development Refinance Agency (MUDRA) Bank, with a corpus of Rs.20,000 crore and credit guarantee corpus of Rs.3,000 crore. MUDRA Bank will refinance Micro... »
CHENNAI, March 1, 2015

Time deposits to include recurring deposits too

The budget has proposed to amend the definition of ‘time deposits’ so as to include recurring deposits within its scope for the purpose of deduction of tax under section 194A of the Act. However,... »

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

Irrigation, organic farming take centre stage

Lottery sellers now under service tax ambit

Centre drops out of school education

An attempt to bolster growth, fiscal discipline

Stability is the watchword

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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