Finance Minister Arun Jaitley in his Budget had proposed to raise service tax from 12.36 per cent (including education cess) to 14 per cent. The proposal takes effect from June 1.
The project was first conceptualised by Narendra Modi when he was the chief minister of Gujarat.
Union budget’s principal positive measure was the significant outlay for infrastructure.
Defence ministry shows a troubling inability to spend budgetary allocations.
This budget makes a radical new promise — policy will pray at the altar of jobs.
Finance minister’s focus on growth and equity is incomplete. He should have acknowledged the trade-off between the need for energy and the imperative of environmental protection.
Modi, who himself is a Yoga practitioner, welcomed the announcement by thumping the desk in the Lok Sabha.
The day when you will see Indian women sport long chains Ashoka Chakra coins hanging on it are not far away.
The Budget is expected to draw a strategy for curtailing subsidies and boost investment, both in the public and private sectors.
Many announcements from the Budget presented on July 10 have been implemented such as Swachh Bharat, financial inclusion and an expenditure management commission.
Finance Commission award gives meaning to ‘cooperative federalism’.
A major push is being planned for the electronic goods sector where the country imports electronic products worth $16 billion annually.
Jaitley hinted at a stable tax regime, saying that ‘no unfair effort’ will be made by states and the Centre to mop up revenues.
Arun Jaitley will soon chair a meeting to explore the possibility of lowering the export duty on iron ore fines.
Advocates greater dissemination of information by ministers
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