Fiscal deficit at Rs 5.68 lakh cr, breaches budget estimates
Fiscal deficit rose to Rs 5.68 lakh crore in April-January period, breaching the budget estimate by 107 percent which may call for harder measures by the government to meet the target of 4.1 percent of the GDP for full 2014-15 financial year.
Mar 02, 2015, 23:13 PM IST
Govt forms panel to suggest ways on promoting card transaction
The government has formed a committee which will come out with structures that can be put in place to encourage use of credit or debit cards, Finance Secretary Rajiv Mehrishi said today.
Mar 02, 2015, 19:45 PM IST
April-Jan fiscal deficit overshoots full-year target: Govt
India`s January fiscal deficit overshot the full-year target as the gap swelled to 5.68 trillion rupees ($91.70 billion), or 107 percent of the target for the 2014/15 fiscal year ending in March, government data showed on Monday.
Mar 02, 2015, 18:32 PM IST
Budget to create enablers for Make-in-India focus
This year's Union budget contains policy directions which are favourbale for the Centre's Make-In-India initiave.
Mar 02, 2015, 17:47 PM IST
Nifty logs new closing peak, Sensex gains on Budget cheer
Sensex Monday rose for the third straight session, gaining 97.64 points to end at 29,459.14 and the Nifty index increased 54.90 points to new closing peak of 8,956.75 as investors cheered growth-oriented proposals in the Union Budget.
Mar 02, 2015, 16:27 PM IST
Budget shows commitment to keep fiscal deficit low: S&P
India`s budget for 2015-16 highlighted the government`s commitment to keeping the fiscal deficit low, ratings agency Standard and Poor`s said, adding that the country`s debt burden and subsidy bill could constrain its ratings.
Mar 02, 2015, 10:47 AM IST
Bonds fall on govt's 2015-16 fiscal deficit target
The budget announced a fiscal deficit target of 3.9 percent of gross domestic product for the fiscal year starting in April, higher than an expected 3.6 percent.
Mar 02, 2015, 10:24 AM IST
Govt to launch APY pension scheme on June 1
The government today said Atal Pension Yojna (APY), announced in the Budget, will be launched on June 1 and will focus on all citizens in the unorganised sector entitling them to a pension of up to Rs 5,000 per month after 60 years of age.
Mar 01, 2015, 20:54 PM IST
Coal mine auctions leave no doubt about CAG's loss figure: PM
CAG's astronomical Rs 1.86 lakh crore loss figure in coal block allocations had raised some doubts initially, but the auction of less than 10 percent of those mines alone has garnered Rs 1.10 lakh crore, Prime Minister Narendra Modi said today.
Mar 01, 2015, 20:02 PM IST
Tyre industry wants correction in duty structure
Welcoming the budget announcement of Rs.14,000 crore investment in the road sector, completing 100,000 km of roads and sanctioning construction of another 100,000 km, a leading tyre manufacturer also called for correction of the duty structure for the industry.
Mar 01, 2015, 20:00 PM IST
''Student aid authority will rein in rogue banks''
With almost all nationalised banks not following the education loan norms, the proposal to set up an information technology (IT) -based monitoring mechanism is a welcome measure, said the convenor of the Education Loan Task Force (ELTF).
Mar 01, 2015, 19:41 PM IST
PSU oil cos to invest Rs 76k cr on project expansion in FY16
State-run oil firms including Oil and Natural Gas Corp (ONGC) will invest over Rs 76,565 crore on the project expansion during 2015-16, up 5 percent over the previous fiscal.
Mar 01, 2015, 18:55 PM IST
Union Budget took notice of the marginalized: RS Prasad
Union Minister for Communications and Information Technology Ravi Shankar Prasad on Sunday hailed the first budget introduced in the Parliament by the NDA Government, saying that it took serious notice of equity concerns of the poor, underprivileged and marginalised.
Mar 01, 2015, 17:26 PM IST
Insurance sector fears being pulled into ''Cess Pool'', wants clarity on sops
Generally satisfied at the budgetary proposals of union Finance Minister Arun Jaitley for 2015-16, insurance industry officials however expressed their fears of being pulled into the "cess pool" of the Swachh Bharat Cess.
Mar 01, 2015, 17:23 PM IST
E-commerce transactions on 'aggregator' platforms turn costly
E-commerce transactions through websites and mobile apps based on 'aggregator model', including for cab services and online shopping, may turn expensive as those providing such services under their own brand are being brought under the service tax net.
Mar 01, 2015, 17:21 PM IST
High profile oil & gas sector gets no mention in Budget
Barring duty rejig for petrol and diesel, Finance Minister Arun Jaitley did not mention the high profile oil and gas sector in his Budget speech yesterday.
Mar 01, 2015, 17:02 PM IST
'GST, sops in rural sector will boost FMCG industry'
The fast moving consumer goods and retail sector on Saturday welcomed the Budget proposal to introduce GST from April next year, saying the move will give a big fillip to the industry.
Mar 01, 2015, 17:02 PM IST
Vistara to have fleet size of 20 aircraft by 2018
Vistara, a joint venture between Tata Sons and Singapore Airlines, today said its fleet size will be increased to 20 by 2018, from five at present.
Mar 01, 2015, 16:43 PM IST
BAOA terms budget disappointing for aviation sector
A body of business jet operators today termed as "disappointing" the general Budget and said India cannot become the third largest aviation market by 2020, which it is aiming for, unless issues plaguing the aviation sector were addressed in an appropriate manner.
Mar 01, 2015, 16:41 PM IST
Budget provisions to check blackmoney much needed: SIT
The Special Investigation Team (SIT) on black money has welcomed the announcements made in the Budget to tackle menace of illegal funds and similar assets stashed abroad even as it cautioned that good results in this direction would come only after new laws and measures are implemented in a proper manner.
Mar 01, 2015, 16:36 PM IST
