Budget has limited short term impact on power sector: Fitch
The Budget proposals for the power sector are directionally correct but lack specifics to support a meaningful improvement in the short-term, rating agency Fitch said on Wednesday.
Jul 16, 2014, 20:53 PM IST
Parliament to pass Union Budget before July 31
Racing against time, the budgetary exercise this time will be fast-tracked so as to ensure that the Finance Bill 2014-15 is passed before July 31.
Jul 15, 2014, 20:23 PM IST
Budget has no impact on India's sovereign ratings: S&P
S&P is the only of the three major credit agencies to have a "negative" outlook on India.
Jul 14, 2014, 12:54 PM IST
Foreign brokerages hail Budget as growth, reforms-oriented
Analysts at foreign brokerages have lauded Finance Minster Arun Jaitley's maiden Budget saying the measures announced will boost growth as it has ushered in the much-needed reforms and has created a conducive investment climate.
Jul 11, 2014, 17:16 PM IST
Top NRI entrepreneurs hail Budget as "progressive, pragmatic"
Leading NRI entrepreneurs have hailed India's budget as "progressive, pragmatic and sensible" while suggesting that overseas Indians be treated on equal terms with resident Indians for investments.
Jul 11, 2014, 15:13 PM IST
Not a 'big bang' Budget but overall tone positive: HSBC
There was no 'big bang' in the Budget but the overall positive tone should keep the country's feel-good factor going, global financial services major HSBC said in a report.
Jul 11, 2014, 14:39 PM IST
Budget 2014: Govt allocates Rs 8.93 crore for SIT on black money
Government has sanctioned a budget of Rs 8.93 crore for the infrastructure and logistical requirements of the Special Investigation Team (SIT) set up to combat the menace of black money in the country.
Jul 11, 2014, 14:33 PM IST
Budget: Govt sanctions Rs 13.11 cr for overseas tax offices
Government has sanctioned an amount of Rs 13.11 crore for the expenditure of ten Income Tax Overseas Units (ITOUs), created to curb offshore tax evasion and promote foreign investment, in countries like Germany, USA and France.
Jul 11, 2014, 14:20 PM IST
Ban-hit Goa mining industry sees ray of hope in Budget
Goa's beleaguered mining industry on Thursday said certain proposals in the Union Budget are expected to help the resumption of iron ore extraction, which had been stalled in the State since the last two years.
Jul 11, 2014, 14:04 PM IST
Budget Impact: Free drugs, diagnosis to ensure 'Health for All' priority
Aiming to ensure "Health for All," government on Thursday promised to take up on priority initiatives like providing free drugs and diagnostic services besides earmarking Rs 500 crore to set up four more AIIMS-like institutes and earmarked Rs 39,237.82 crore for the sector.
Jul 11, 2014, 14:03 PM IST
Black money a curse of economy, says Jaitley
The Finance Ministry has already constituted a Special Investigation Team (SIT) under the chairmanship of former Supreme Court judge Justice M B Shah.
Jul 11, 2014, 14:00 PM IST
PF trusts without regular exemption may come under tax net
There are 3,621 private PF trusts which are regulated by EPFO.
Jul 11, 2014, 13:59 PM IST
Industry hails infra reforms announcements in Budget
Narendra Modi's maiden budget has paved way for infrastructure reforms and has created a sense of confidence among investors, who are awaiting removal of structural bottlenecks in projects, industry analysts and India Inc on Thursday said hailing announcements.
Jul 11, 2014, 13:56 PM IST
At Rs 6,000-cr, Modi govt grants 50% jump in ISRO Budget
In 2013-14, although the Department of Space was initially given Rs 5,615 crore, that allocation was later revised to Rs 4,000 crore.
Jul 11, 2014, 13:45 PM IST
Mutual Fund industry says Budget a mixed bag
The mutual fund industry on Thursday welcomed the Budget proposal to increase the tax exemption limit under section 80C of the Income Tax Act to Rs 1.5 lakh, but said other measures were a mixed bag.
Jul 11, 2014, 13:42 PM IST
US investors welcome Modi govt's maiden Budget
The maiden Budget of the Modi Government has been hailed by American experts and corporate sector here as a step in the right direction to generate employment and foster growth.
Jul 11, 2014, 13:35 PM IST
Budget 2014-15: Dearer and Cheaper list
Following is a list of what will be cheaper and costlier:
Jul 10, 2014, 19:09 PM IST
Budget 2014-15 boost for MSME sector
Finance Minister Arun Jaitley Thursday announced measures for the development of micro, small and medium enterprises (MSMEs), while allocating a sum of Rs.10,000 crore for start-up companies in his maiden budget presented to parliament.
Jul 10, 2014, 18:44 PM IST
Budget 2014-15 is directional; aimed at medium term: CII President
The maiden Budget presented by the new government contains a comprehensive package for economic revival and creation of jobs, said Ajay Shriram, President, CII.
Jul 10, 2014, 18:28 PM IST
Budget will give impetus to people’s participation: Narendra Modi
Prime Minister Narendra Modi on Thursday termed the Budget as one that converts hopes and aspirations of the people into trust.
Jul 10, 2014, 18:01 PM IST
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