Union Finance Minister Arun Jaitley Unveils Budget 2015-16

NEW DELHI, INDIA - FEBRUARY 28: Minister of Environment, Forests & Climate Prakash Javadekar talks with media during the Budget session at the Parliament House on February 28, 2015 in New Delhi, India. Union Finance Minister Arun 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 Sanjeev Verma/Hindustan Times via Getty Images)