NDA government has in its infrastructure development initiatives focused on connecting with all weather roads along borders with nearly 100 percent increase in allocation for construction of roads along Sino-India and Indo-Pak boundaries.
The foreign ministry has seen a good hike of 19 percent in its fund allocations in the Union Budget 2015-16 as the main thrust remained towards various development assistance projects implemented by India in neighbouring countries including Bhutan and Afghanistan.
Shares of Banking, Healthcare and Auto sectors shot up on good buying while FMCG, Consumer Durable and Power counters fell on selling pressure. Scrips of cigarette makers, led by ITC, declined on a proposal to hike excise duty on cigarettes.
The Special Investigation Team (SIT) on black money has been accorded an about 10 percent hike in the latest budgetary allocation for expanding its infrastructure and procuring logistics to effectively conduct its task of tackling the menace.
The Finance Minister Arun Jaitley presenting the Budget in Lok Sabha today proposed to defer the applicability of the General Anti Avoidance Rule (GAAR) by two years.
Finance Minister 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.
Union Finance Minister Arun Jaitley on Saturday proposed to merge the Forward Markets Commission with SEBI to strengthen regulation of commodity forward markets and reduce wild speculation.
Smoking and consumption of other tobacco items will be more expensive, while an increase in service tax rate would make costlier a whole lot of other activities including air travel, eating out and paying bills.
Home Ministry was today allocated Rs 62,124.52 crore in the Union Budget, a modest 10.2 percent jump over the outlay in last fiscal, with special focus on safety of women, rehabilitation of Kashmiri Pandits and internal security.
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