The Headlines :- 03/02/2015


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.