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Budget & You

Thu, Jul 10, 2014 | 08:31 PM IST

Budget 2014: Has it impacted your portfolio positively?

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Income tax exemption limit hiked from Rs 2 lakh to Rs 2.5 lakh

In a marginal relief to individual taxpayers, FM increased I-T exemption limit from Rs 2L to Rs 2.5L and for senior citizens limit was hiked to Rs 3 lakh.

Colour TV, computers to be cheaper; cigarettes, gutka costlier

FM spared the common man from price hikes by keeping duties on commonly used day-to-day items unchanged but made it costlier for smokers and tobacco consumers.

Tax incentives on home loans to ensure housing for all by 2022

The government has hiked the housing interest rate deduction limit to Rs 2 lakh from Rs 1.5 lakh on personal home loans.

Featured

Twelve key ideas of PM Narendra Modi that found focus in Budget 2014

From developing smart cities to Ganga cleaning NDA govt's maiden budget took a step forward on several of the Prime Minister's key schemes.

It's silly to believe that Mr Jaitley could have done anything dramatically different. Thus, he may have disappointed those who had rather unrealistically hoped that in eight weeks the new minister would usher in a new approach.

Rs 7060 crore to spent for 100 smart cities

Jaitley stressed on the need to boost infrastructure sector. "We also plan to introduce e-visas & automatic permissions in 9 airports to promote tourism," FM said.

Rs 500 crore for internet connectivity in villages

The government on Thursday said it will allocate Rs 500 crore for its 'Digital India' initiative to set up broadband network in villages.

Kiran Mazumdar-Shaw's Blog: No 'wow' factor in Budget

On a positive note, the Union Budget has set a course to bring the economy around. Only where we would've preferred a sprint, the FM has gently reminded us that he is running a marathon.

Rs 10,000 crore entrepreneurship fund proposed

Presenting his budget speech, Jaitley said that promotion of entrepreneurship and start-up companies remains a challenge.

Gold import duty retained at 10%; bullion markets surprised

Indian gold futures jumped 2 per cent on Thursday, widening the premium over global prices which had narrowed on the expectation of a duty cut.

Parag Parikh's blog: Hope the next budget is far more ground breaking

To be fair, the current government has not had much time since being sworn in to prepare the budget.

Investment cap under Section 80 C raised to Rs 1.5 lakh

The hike in the exemption limit would provide much needed relief to the salary earners who are reeling under the impact of high inflation.

FDI in Defence to be raised to 49%

Emphasising the importance of FDI in boosting manufacturing sector, FM in his maiden Budget speech said that cap for FDI in defence will be raised to 49%.

Total sanitation for every household by 2019

Moving towards NDA government's 'Swachh Bharat Abhiya', FM said said, "Swachh Bharat Abhiyan, the need for sanitation is of utmost importance."

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THE TIMES OF INDIA

Thursday, July 10, 2014

Today's Headlines

India

CRRID to write to RBI for implementing banking treaty with Pakistan
Currently, Indian traders receive money through Dubai-based branch of Pakistan's Habib Bank, said Prof Verma.

Himachal to ban sale of loose cigarettes
In a bid to check consumption of tobacco by youngsters, Himachal Pradesh is going to ban sale of single cigarettes across the state.

Sikh NGO opposes Bapu statue in London
Almost a month after Mahatma Gandhi's statue was vandalized in UK, Britain-based NGO Sikh Federation has now opposed the proposed plan to set up a statue of Mahatma Gandhi in Parliament Square in London.

More India News»

Business

Bharti sells part of tower business
Bharti Airtel on Wednesday announced the sale of nearly 20% of its 15,000-strong tower infrastructure in Africa.The move is aimed at reducing the over $10-billion debt of the company.

Industrial output may grow on auto revival
Medium and heavy truck sales rose for the first time in 27 months, while cars clocked the first double-digit growth rate in 10 months, indicating a pick up in industrial production.

Honda set to topple M&M as third biggest car maker
Japanese car major Honda looks set to emerge as the third biggest car maker in India, behind Maruti Suzuki and Hyundai, with new models and greater reach fuelling its expansion.

More Business News»

Environment

National Green Tribunal directs CIL, Mahagenco to follow clean coal norms
The directives came while hearing an application by Mahadula-based social activist Ratnadeep Rangari alleging violation of MoEF norms banning use of coal with more than 34% ash content.

China, US differ on global plan to cut emissions
The difference on the global plan aside, the two countries announced eight joint projects to improve fuel efficiency and other standards.

55 species of herpetofauna found in Manas landscape
The survey was part of a trans-boundary conservation initiative funded and led by the park authorities of Manas National Park, India and Royal Manas National Park, Bhutan.

More Environment News»

World

Israel-Hamas war intensifies
Militants in Gaza fired more rockets at Tel Aviv on Wednesday, targeting Israel’s heartland after Israeli attacks in the enclave that Palestinian officials said have killed at least 37 people.

Pakistan refugees' numbers double in few days
The number of displaced people from North Waziristan, where the Pakistan army has launched a major anti-terror operation, has almost doubled to over 900,000 in the last few days.

Rivals claim win in Indonesia president poll
Both candidates claimed victory in Indonesia's presidential election on Wednesday, suggesting there could be a drawn out constitutional battle to decide who will next lead the world's third-largest democracy.

More World News»

Entertainment

Preity submits 4 photos of bruises on hands
Preity Zinta has submitted a set of four photographs purportedly showing bruises she suffered when Ness Wadia pulled her by the hand on May 30 at the Wankhede, sources at the Marine Drive police station, which is investigating a complaint of molestation and intimidation the former has filed against the latter.

Is love making Deepika Padukone unprofessional?
It seems love knows no boundaries and this seems specially true in the case of actress Deepika Padukone.

Dimple Kapadia introduced director to Sunny Deol
Sunny Deol has been doing films for three decades. And Homi Adajania has been directing movies for close to a decade.

More Entertainment News»

Science

Sand may power mobiles in future
Imagine if you only had to charge your cellphone or tablet every three days?

Russia tests 1st new space rocket since Soviet era
Russia test launched its first new design of space rocket since the Soviet era on Wednesday, Russian news agencies quoted a source at the country’s northern Plesetsk cosmodrome as saying.

Soon, a brain implant to help restore memories
US military researchers announced on Wednesday they have awarded $40 million toward developing a new kind of brain implant that may help restore memories in wounded soldiers and civilians.

More Science News»

Sports

Argentina beat Dutch 4-2 on penalties
Argentine goalkeeper Sergio Romero saved two penalties in a shootout with the Netherlands to take his country through to the World Cup final for the first time since 1990.

Germany take 'tiki-taka' to another level
Germany has taken the "tiki-taka" passing game so intrinsically used by Spain to another level, by adding ruthless efficiency to the possession philosophy.

Messi on target to match Maradona
Messi kept running into a determined Dutch defensive wall but Argentina are still in the final and the little genius will get his chance to emulate Maradona.

More Sports News»

Technology

Flipkart sells 1 million Motorola phones in 5 months
Equally, it is a story of how Motorola has scripted an impressive second innings in India.

Microsoft to end support for Windows 7 in 2015
Microsoft is warning customers that the end is soon coming for Windows 7 in much the same way it came for Windows XP earlier this year.

Asus launches Moto G rival ZenFone 5 at Rs 9,999
The Taiwanese company has announced that the 8GB variant of ZenFone 5 will be available for Rs 9,999.

More Technology News»

Education

Maharshtra education department now okay with CBSE school exam
CBSE gives its Std X students an option to appear either for the conventional board exam or a school-based exam.

School of Open Learning students detained
Several student activists were detained after they gathered outside the HRD ministry on Wednesday to submit a charter of demands regarding the School of Open Learning.

VP plaint prompted Hindu to cancel extracurricular activity quota this year
The college has recently withdrawn the quota, saying an inquiry will be conducted.

More Education News»

Mumbai

Mumbai cops harassing me after sex abuse complaint, says woman
A 32-year-old woman, who was harassed with pornographic images on WhatsApp by a former classmate, now claims she is being tormented by the police.

Special court drops MCOCA against gang of snatchers
A Maharashtra Control of Organized Crime Act (MCOCA) court on Wednesday dropped the stringent act against a gang of chain-snatchers, stating that the prosecution did not have enough evidence.

Reply to defamation suit, Jiah's mom told
The Bombay high court on Wednesday granted Rabiya Khan, mother of actor Jiah Khan, one week to respond to a defamation suit against her.

More Mumbai News»

Delhi

Faster, greener trains for new lines
Travelling in Delhi Metro's Phase III will be a faster, brighter and more comfortable experience with new trains that will be more energy-efficient and eco-friendly.

Delhi Police to probe leak of Intelligence Bureau report on NGOs
The home ministry has asked Delhi Police to probe the leak of an Intelligence Bureau report outlining the negative impact of agitations and protests undertaken by foreign-funded NGOs, apparently under the influence of their western donors, on the country’s economic growth.

On the run, gangster with Rs 1 lakh bounty held in Karnal
After a cat-and-mouse chase for a month, the special cell nabbed wanted gangster Ravi Bhardwaj who had a bounty of Rs 1 lakh on his capture.

More Delhi News»

Bangalore

More skeletons tumble out of Muda cupboard
The Rs 300-crore Mandya Urban Development Authority (Muda) site allocation scam is becoming murkier by the day with more skeletons tumbling out of the Muda cupboard.

Corruption thrives in morality-law divide:
One in four Bangaloreans admits to not paying property taxes in public. Many of them think it isn't necessary.

We want to weed out bogus cards: Dinesh Gundu Rao
Food and civil supplies minister Dinesh Gundu Rao has set July 31 as the deadline for linking either EPIC or Aadhaar number to ration cards of all categories.

More Bangalore News»

Hyderabad

Back to basics
It's an old formula that's now being revived to develop the film industry in Telangana and strengthen the base of T-cinema, post the creation of the new state.

Kissa kursi ka
Callousness on the part of those drafting the AP Reorganization Act has held up elections, to vacant legislative seats, in the new state of Andhra Pradesh.

Erc exits
Refusing to meddle in the ongoing power controversy between Telangana and Andhra Pradesh, the Electricity Regulatory Commission (ERC) has asked the Centre to take a final decision on the Power Purchase Agreements issue.

More Hyderabad News»

Chennai

Onion price drives Chennai mad, worse may be yet to come
On Wednesday, when a retailer in Perambur put up onions as the day's special deal, for Rs19 per kg, there was a mad scramble.In an hour, the shop displayed an ?onion out of stock' board.

Karunanidhi instigating Kerala on dam row, says Jaya
"Due to effective functioning of the state government, TN got justice in the dam issue.The supervisory committee was set up and the date for its meeting was fixed," she said in a press statement.

Spat at public meet on river restoration
Residents poured cold water on the state government's plans to restore the Adyar river at a public consultation in Anakapathur on Wednesday.

More Chennai News»

Ahmedabad

Thangadh killings: Gujarat govt yet to act
Despite submission of an investigation report by the designated authority on May 1, 2013, the Gujarat government is yet to take action in the case related to the killing of three Dalit youths in police firing in Thangadh.

Gujarat govt gave relief worth crores to industry: Gohil
Senior Congress leader and Abdasa MLA, Shaktisinh Gohil, has accused the state government of providing relief worth crores of rupees to certain industrialists at the cost of burdening the poor with heavy taxes.

Consumer court slaps penalty of Rs 50 lakh on Torrent Power
A consumer court has slapped penalty of Rs 50 lakh on Torrent Power SEC Co Ltd for resorting to snapping of power supply in order to extract money from a transporter’s firm in Surat.

More Ahmedabad News»

Allahabad

Order for HC security on pattern of Supreme Court
The Allahabad High Court had directed that the security arrangement in Allahabad High Court and its Lucknow Bench shall be made in principle on the pattern of the Supreme Court.

Women offer Taraweeh in Sangam city
In the posh area of Kareli, the holy Quran is recited during the ‘Taraweeh’ amidst the serene surroundings of Masjid Amina. There is one marked difference in this mosque as women too offer Taraweeh. Generally, men offer prayers in congregation in the mosques.

1,130 illiterates among 5,286 people ended life in state
Uneducated people and educated up to primary and middle classes form the bigger chunk of people committing suicide in the state, revealed the data released by National Crime Record Bureau (NCRB).

More Allahabad News»

Bhubaneswar

Like building, hopes collapse
Landless Gobardhan Swain, 45, went to Chennai to shore up his family income, but fate had willed it otherwise.

Centre's largesse silences Modi critics in Odisha
Though Odisha resisted the Narendra Modi wave in the elections, his government on Tuesday allocated over Rs 1,420 crore to the state for different railway projects.

Jagannath glitters in golden get-up
It was a sight to behold as the deities of Jagannath Temple on Tuesday appeared in golden get-up (Suna Besha) aboard their chariots in front of the shrine.

More Bhubaneswar News»

Bhopal

Shivraj Singh Chouhan hails railway budget
Chief minister Shivraj Singh Chouhan said railway budget is a sign that Prime Minister Narendra Modi has started process of re-building the nation.

Rail budget a bummer for Madhya Pradesh; Bhopal gets it's due
State capital may have enough cause for cheer but the rest of the state has been largely ignored, including the zonal railway headquarters; Jabalpur and even the commercial capital of Madhya Pradesh-Indore, by the NDA government in the rail budget.

Shatabdi comes to Habibganj, TOI told you so
Residents in Bhopal, has reasons to cheer. Not only will 12 new proposed trains pass through state capital, but the long pending demand for extension of New Delhi-Bhopal Shatabdi Express to Habibganj, has finally come true.

More Bhopal News»

Chandigarh

Headmistress, teachers suspended after minor's rape
Punjab education minister Daljit Singh Cheema, on Wednesday, suspended headmistress Joginder Kaur and two other teachers, Tarwinder Kaur and Yojna Sharma of Government High School, Sanet with immediate effect.

Punjab to get Rs 25 crore central aid annually for tourism
The Centre government would grant Rs 25 crore to Punjab every year as financial assistance for the upcoming iconic heritage and tourism projects across the state.

Gun violence shoots up in Chandigarh
With 11 firing incidents reported in last seven months in the city, increasing number of brawls and assaults were ending with shootings as goons were not hesitating to press the trigger.

More Chandigarh News»

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