Financial Bill

The government is giving a push to spending but from where will the funds come from, wonders R Shankar Raman of L&T. He also said, the government is betting big on wider tax base as one of the funding mechanisms.

Union Budget 2015: Service tax may now cover coal, spectrum auctions

Sources further tell CNBC-TV18 that the amendments will come into effect after passage of the Finance Bill with government yet to notify the date. The government has also pruned exemptions under the negative list for service tax in an attempt to broaden tax base.

Will overcome the crisis: Karnataka CM

Appearing unfazed by the rebellion against his leadership by the Yeddyurappa faction, Chief Minister D V Sadananda Gowda today expressed confidence of resolving the crisis with the intervention of the party's central leadership.

No rollback of MAT on SEZs: Sources

In the Union Budget 2011, there was 18% MAT imposed on special economic zones (SEZs). According to the latest updates, there will be no rollback of MAT on SEZs, reports CNBC-TV18's Aakansha Sethi quoting government sources.