Aug 18, 2014 at 09:45 | Source: Moneycontrol.com
Arora Fibres had made a provision of Rs 30,246,000 for payment of Excise Duty during the year 2011-2012. This was necessitated by retrospective amendment in the union budget 2012. The Finance Act 2014 as passed by the Parliament has done away with this retrospective amendment providing relief for the Company.
Jul 10, 2014 at 15:24 | Source: Moneycontrol.com
A section of the market feels that FM Arun Jaitleys target of 19.7 percent growth in tax revenues for FY15 may appear ambitious, considering that monsoons could be below average, and the economy is still not showing clear signs of recovery. But that may be taking too cynical a view.
Jul 10, 2014 at 15:16 | Source: CNBC-TV18
Hero Moto is down 4 percent while TCS, Bharti, SBI and ICICI Bank are major losers in the Sensex. Arun Jaitleys Budget can be likened to a soccer match that turned dramatically in the second half, judging by the market reaction. The Finance Minister had asked for a five-minute breather midway into his speech, and was granted that by the Speaker.
Jul 10, 2014 at 15:07 | Source: CNBC-TV18
Finance Minister Arun Jaitley earmarked Rs 2.51 lakh crore as total payments towards subsidies in the Union Budget presented today. This compares to a figure of Rs 2.45 lakh crore handed out as subsidies in FY14 and an earlier projected figure of Rs 2.46 lakh crore for FY15 by erstwhile FM P Chidambaram during the Interim Budget in February.
Jul 10, 2014 at 15:01 | Source: Moneycontrol.com
Reiterating the most fundamental personal finance concept of not spending more than what we earn and spending beyond means, FM Jaitley has indicated a sensible approach to the budgetary allocation, feel experts.
Jul 10, 2014 at 14:30 | Source: CNBC-TV18
Realty stocks like Prestige Estates, DLF, Indiabulls Real Estate and HDIL rallied more than 10 percent intraday after Finance Minister Arun Jaitley in his Union Budget has said the government will provide tax incentives for Real Estate Investment Trusts (REIT).
Jul 10, 2014 at 14:13 | Source: CNBC-TV18
About 1812 shares have advanced, 925 shares declined, and 87 shares are unchanged. Realty index is up 8 percent, while Bankex, Capital Good and Metals are up 2-3 each. Finance Minister Arun Jaitley earmarked Rs 2.51 lakh crore as total payments towards subsidies in the Union Budget presented today.
Jul 10, 2014 at 14:01 | Source: CNBC-TV18
Finance Minister Arun Jaitleys maiden Budget is aiming for a 19.7 percent growth in tax collections in FY15, compared to a 21 percent growth projected in the interim Budget present in February.
Jul 10, 2014 at 13:42 | Source: CNBC-TV18
Divestment target for FY15 at a little over Rs 43,000 crore. Not too aggressive a target, but government will still have to reform PSUs and then hope that market sentiment remains upbeat. The market soars on Budget moves.
Jul 10, 2014 at 13:31 | Source: CNBC-TV18
Divestment target for FY15 at a little over Rs 43,000 crore. Not too aggressive a target, but government will still have to reform PSUs and then hope that market sentiment remains upbeat. Big customs duty relief has been given to imported coal. Duty on ships imported for breaking attract lower duty of 2.5 percent.