v
Finance
Minister Arun Jaitley to present NDA Government's first full fledged Union
Budget in the Lok Sabha today; expected to unveil initiatives to boost
investments and push forward ‘Make in India’ campaign.
v Supreme Court orders setting up of
special benches at all High Courts in the country to fast track election
petitions.
v
Telecom
regulatory Authority of India proposes sharp cut in roaming charges for calls
and SMSs.
v
A
US based Bangladeshi Author Avijit Roy hacked to death by suspected religious
extremists in Dhaka; US terms the incident as an assault on free speech.
v
ICC
WORLD CUP : After a robust start australia collapse against cohost New Zealand
in a crucial pool ‘A’ fixture at Auckland; lose more than half the side for
just hundred runs. And India to meet UAE in their third group match at Perth
today.
v
Union
Finance Minister Arun Jaitley presents Budget 2015-16 in Parliament.
v Corporate tax to be reduced from 30 to
25 per cent over the next four years; No change in individual income tax.
v
Wealth
tax abolished; two per cent additional surcharge on super-rich with above one
crore rupee annual income.
v
Proposes
to introduce bills to curb black money.
v
Goods
and Services Tax to be in place by April 1, 2016.
v
Two
crore houses in urban areas by 2022 and four crore in rural areas.
v
Two
lakh rupees insurance for poor people under Jan Dhan Yojana on premium of one
rupee per month.
v
AIIMS
to be established in five states.
v
Three-pronged
approach to use Jan Dhan, Aadhar and mobile technology to check pilferage of
subsidies.
v
Proposes
over 11 per cent hike to defence sector.
v
Fiscal
deficit to be reduced to three per cent in the next three years.
v
And
in ICC Cricket World Cup
v
Australia
suffers a shock defeat against New Zealand in a Group A encounter.
v
Union
Budget proposes reduction in corporate tax from 30 per cent to 25 per cent over
the next four years; No change in the personal Income Tax rates; Wealth Tax
abolished.
v
Measures
to curb black money on top in the budget; Penalty of 300 per cent for
concealment of income and asset.
v Proposes an increase in the service tax
from 12.36 per cent to 14 per cent.
v
Prime
Minister Narendra Modi hails Union Budget as pro-poor and pro-growth;
Opposition Parties criticize it; Former Prime Minister Dr Manmohan Singh says,
budget does not have an adequate roadmap, agriculture sector ignored.
v
Industry
bodies welcome the budget.
v
Petrol
and diesel prices hiked by more than 3 rupees per litre.
v
Mufti
Mohammad Sayeed led BJP-PDP coalition government to take oath tomorrow.
v
World
Cup Cricket: India thrash UAE by 9 wicket to register it's third straight
victory.