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Budget 2014
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Politics of Budget
Budget a validation of UPA policies: Chidambaram
Congress dubs Budget ‘directionless, unfeasible’
Telangana likes, Andhra gives thumbs down to Jaitley’s budget
Mamata: Budget visionless, missionless and actionless
‘ Rs 125crore will not get you a new AIIMS’
Congress terms budget ‘disappointing’ for Maharashtra
Economic Survey
Finance ministry for clipping plan panel's wings
- Economic Survey: Cong quotes Survey to refute BJP claims
- Economic Survey: Report card calls for new fiscal law, not
- Economic Survey: 'Wasteful' tag on rural job scheme,
- Economic Survey hotwires export to electronic hardware
You & Taxes
No change in new pension scheme tax relief
- Re-invest home sale funds in only 1 house to save tax
- TIMES guide to indirect tax
- Times guide to corporate tax
- Union Budget: Medical - a healing tax touch
Achche Din
- Exemption limit for those aged above 60 but below 80 also increased from Rs 2.5 lakh to Rs 3 lakh
- Customs duty on inputs for durables like PCs, TVs and LED lights reduced
- Free baggage allowance increased from Rs 35,000 to Rs 45,000
- Deduction for investment in New Pension Scheme available to all private sector employees
- Annual limit for PPF investment up from Rs 1 lakh to Rs 1.5 lakh
- 5 IITs, 5 IIMs, 4 AIIMS, 12 medical colleges, 2 agriculture univs to be set up
Bitter Pills
- Lock-in for long term capital gains tax on sale of listed non-equity MFs raised to 3 years, tax rate up from 10% to 20%
- Prices of fizzy drinks, flavoured water, juices & energy drinks to increase by 5%
- Excise duty on cigarettes, cigars, cheroots and cigarillos increased by 11%-72%
- Radio taxis brought under service tax net
- Cut & polished diamonds, coloured gemstones to attract 2% customs duty
- 10% surcharge continues for individuals with income over Rs 1 crore
Union Budget
How much do taxpayers stand to gain from the Union Budget?
Indeed, the Budget lived up to the BJP's promise of ushering in ‘achche din’.
- Vishwanath dubs the budget as "bania budget"
- Govt to take call on GAAR implementation soon: Revenue
- Budget has brought clarity in tax policies: Finance
- Energy drinks, diet colas face higher excise
Rail Budget
CII welcomes the attempt to reconcile commercial and social objectives in rail budget
Confederation of Indian Industries (CII) has welcomed the rail budget of the new government stating that the rail budget presents a broad
- Babul Supriyo rallies in support of Sadananda Gowda
- Pune metro plans rest on Centre's vision
- Vadodara Congress criticizes Modi for ignoring the city in
- Railway Budget 2014: Nanded division hopes to get women
Pre- Budget
Budget should encourage financial savings: CII
The first Budget of the new government should aim at restoring domestic savings rate (to at least 35 per cent of GDP in a phased manner) by
- How to deal with a huge deficit and big expenses
- FII inflows hit $20 billion in six months, all eyes on
- Countdown to Union Budget 2014: Stop flight of startups to
- Govt readies Rs 14,000 cr subsidy for hybrid, electric
Blogs & Opinions
- Lubna KablyLaw Street
Budget 2014: The hits and the misses - Chetan BhagatThe Underage Optimist
Modi’s too safe Budget - Sanjiv ShankaranCash Flow
Arun Jaitley moves retrospectively and violates the spirit of his commitment - TOI Edit
A lot of state intervention is unrelated to market failures, reducing it is simple but effective reform - Lubna Kably
MSMEs are vital says Economic Survey 2014, but will Finance Bill propose lower taxes?
Budget Explained
Union Budget 2014: Savings — Invest and reap benefits
- Union Budget 2014: The ABC of your total taxable income
- Union Budget 2014: Salary income — Your slip is showing
- Union Budget 2014: House property — Buying, letting out
- Measures to encourage financial savings of households
Union Budget 2014: Sole-seekers set to foot a lower bill
- Small TVs, e-books, tablets to cost less
- Colour TV, computers to be cheaper; cigarettes costlier
- Footwear to become cheaper: Punjab's industry
- Fizzy drinks, juices and energy drinks to be costlier
Union Budget 2014: FM plays ‘beti bachao, beti padhao’
- Union Budget: Processed food may bite a bit less
- Jaitley unveils schemes for women's safety
- 16cr jobless women form India’s ‘Great Invisible Force’
- 'Set up gold bank, gold deposit account to minimize
Budget 2014: Punjab's IIM to be set up in Amritsar
- Budget 2014: Madrasas get 100-crore upgrade
- Chhattisgarh bags an IIT in Modi’s maiden budget
- High-5 for education: New IITs, IIMs on paper
- Budget 2014: Satyajit Ray Film and Television Institute
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