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A professional tax is proposed to be levied on individuals, who have an annual income of Rs 5 lakh. This would generate Rs 5 crore, the budget document read.

A blockbuster budget for rural India

People invest in equities for long term returns, and this tax is not going to dissuade investment in equities in the...

2 Feb 2018 1:26 AM IST

Finance Minister Arun Jaitley meets President Ram Nath Kovind at Rashtrapati Bhavan before presenting the Union Budget 2018-19 in the Parliament. (Photo: Twitter | ANI)

Twitter reacts to Union Budget 2018

Jaitley said the focus of Budget is agriculture and rural economy, health, infrastructure and senior citizens.

1 Feb 2018 4:29 PM IST

People show their fingers marked with ink after casting their vote during byelection for a parliamentary seat at a village near Ajmer. (Photo: PTI)

Bypoll results crucial for ruling BJP in Rajasthan

The BJP had registered one of its best performance in Rajasthan under Raje's leadership in 2013 when it won 163 of the...

1 Feb 2018 1:52 AM IST

Finance minister Arun Jaitley addresses the media after the 22nd meeting of the GST Council in New Delhi. (Photo: PTI)

We are 100 pc with you: Rahul wishes ailing Arun Jaitley a speedy...

Finance Minister Arun Jaitley is unwell and is in abroad for the treatment, just before he is to present the Budget.

17 Jan 2019 10:54 AM IST

Hindustan Petroleum Corp Ltd (HPCL) on Friday reported 56 per cent drop in the June quarter net profit on account of lower refining margins and inventory losses.

Oil PSU capex drops to 4-yr low for 2019-20

Oil PSUs had invested Rs 89,180 crore in 2014-15.

3 Feb 2019 6:36 PM IST

Sniffer dogs inspect bundles containing the copies of interim Budget before they were carried to Lok Sabha in New Delhi. (Photo: PTI)

Centre allocates Rs 1,112 crore for Delhi

Kejriwal says Budget is Modi govt's 'final jumla', disappointing for Delhi.

2 Feb 2019 5:54 AM IST

The Central government is not the lone torch-bearer of the nations economic growth. The achievements and failures, the contradictions and anomalies are spread out in both the Central and state budgets.

Govt to borrow Rs 4.42 lakh cr in H1 FY2019-20: Economic affairs secy

Economic Affairs Secy Subhash Chandra Garg said government will stick to fiscal deficit target of 3.4 pc of GDP for...

29 March 2019 7:23 PM IST

Government support is required to make exports competitive, create export markets and attract global players towards India. (Representional Image)

Manufacturing needs to pick up

The industry is hopeful that the upcoming Union Budget will provide the necessary fillip in this direction.

30 Jun 2019 6:57 AM IST

Prime Minister Narendra Modi addresses the media as he arrives to attend the Budget Session of the 17th Lok Sabha at Parliament House in New Delhi on Monday. (Photo: SONDEEP SHANKAR)

Budget should focus on reviving demand

To drive the momentum on private consumption, the Budget needs to focus on ways to increase rural incomes and therefore...

26 Jun 2019 2:41 AM IST

Nirmala Sitharaman spoke on the on-going efforts of Indian Government to counter tax avoidance & evasion, finance ministry tweeted.

Sitharaman's first budget likely to focus on economic growth,...

The reforms could see structural policy changes in areas such as land, labour, capital and entrepreneurship.

24 Jun 2019 10:54 AM IST

Finance Minister Nirmala Sitharaman presented Union Budget for Modi 2.0 government. (Photo: ANI | Twitter)

Vexed sovereign issues: What is the fuss about?

The Budget speech usually announces headline changes proposed for the year under consideration.

29 July 2019 12:00 AM IST

Finance Minister Nirmala Sitharaman on Friday said that every single rural family will have electricity and a clean cooking facility by 2022. (Photo: ANI)

FM Nirmala Sitharaman to reply to Budget debate in Parliament

Congress leaders Shashi Tharoor and Adhir Ranjan Chowdhury have called the Budget disappointing.

10 July 2019 10:38 AM IST