Union Finance Minister Arun Jaitley Unveils Budget 2015-16

Union Finance Minister Arun Jaitley Unveils Budget 2015-16

Image ID: HTSI142514060153844
Capture Date: 28 February 2015
Author: Hindustan Times
Tags: News
Copyright: © 2014 Hindustan Times

Description

NEW DELHI, INDIA - FEBRUARY 28: Finance Minister Arun Jaitley (R) and his MOS Jayant Sinha come out from the Parliament after presenting the general budget 2015-16 on February 28, 2015 in New Delhi, India. Jaitley promised higher investment in India's decrepit roads and railways, offered the carrot of corporate tax cuts to global corporations and the stick of tighter compliance rules to get Indian tycoons to invest at home rather than stash wealth abroad. He forecast inflation at 5% by the end of the fiscal year ending March 2016, undershooting the Reserve Bank of India's 6% target and creating room to cut interest rates. Annual inflation was 5.1% in January. He proposed to abolish the wealth tax and proposed two percent surcharge on the super rich. He said the government is proposing to rationalise various tax exemptions and incentives to reduce tax disputes and improve tax administration. (Photo by Vipin Kumar/Hindustan Times )


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