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Surcharge on the super-rich to bring in Rs. 9,000 crore

Feb 28, 2015, at 11:04 pm

New Delhi, Feb 28(IBNS) Union Finance Minister Arun Jaitley has introduced a 2 per cent surcharge on income of the super-rich to earn revenues nine times more than he loses by abolishing the wealth tax.

Rs. 34,000 crore for MNREGA

Feb 28, 2015, at 10:44 pm

New Delhi, Feb 28(IBNS) Finance Minister Arun Jaitley on Saturday allocated a record Rs 34,699 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme,a day after Prime Minister Narendra Modi had criticised the previous UPA government for its "failure" with MNREGA.

Defence budget rises by 7.7 per cent

Feb 28, 2015, at 09:56 pm

New Delhi, Feb 28(IBNS) Defence Budget has been increased by only 7.74 per cent giving forces Rs 2,46,727 crore in r 2015-16 compared to Rs 2,29,000 crore in the last fiscal.

Five new mega power projects

Feb 28, 2015, at 09:42 pm

New Delhi, Feb 28(IBNS) The Government proposes to set-up five new Ultra Mega Power Projects, each of 4000 MWs in the plug-and-play mode.

Contribution to EPF to made optional:Jaitley

Feb 28, 2015, at 09:37 pm

New Delhi, Feb 28(IBNS) Union Finance Minister Arun Jaitley on Saturday said the government is considering a proposal to make optional contribution to employee provident fund (EPF).

Infra investment goes up by Rs.70,000 Crore

Feb 28, 2015, at 09:36 pm

New Delhi, Feb 28(IBNS) Union Finance Minister Arun Jaitley has proposed an increase in investment in infrastructure by Rs. 70,000 crore in 2015-16 over the year 2014-15 from the Centre’s funds and resources of CPSEs.