PSU banks stock down after Budget announcement
Shares of public sector banks declined by as much as 4.3 percent after Finance Minister Arun Jaitley Thursday said the lenders would require Rs 2.40 lakh crore capital by 2018 to meet global Basel III norms.
Jul 10, 2014, 13:10 PM IST
Govt allocates Rs 500 cr for Internet connectivity in villages
The government Thursday said it will allocate Rs 500 crore for its 'Digital India' initiative to set up broadband network in villages and promote local manufacturing of hardware and Indian software products.
Jul 10, 2014, 12:37 PM IST
Modi's first Budget targets growth, curbs deficit
Prime Minister Narendra Modi`s new government on Thursday unveiled a budget it said can revive growth after the longest slowdown in a quarter of a century even while curbing borrowing.
Jul 10, 2014, 12:27 PM IST
Nifty falls to 2-1/2 week low on profit-taking
The broader Nifty fell more than 1 percent on Thursday to its lowest in nearly 2-1/2 weeks as lenders such as ICICI Bank were hit by profit-taking even as Finance Minister Arun Jaitley stuck to the previous government`s fiscal deficit target.
Jul 10, 2014, 12:15 PM IST
Expert views: Jaitley sticks to fiscal deficit target of 4.1%
Finance Minister Arun Jaitley said the country will stick to the fiscal deficit target of 4.1 percent of gross domestic product (GDP) set by the previous government for the year ending March 2015.
Jul 10, 2014, 12:05 PM IST
Retro tax amendment to be undertaken with extreme caution: FM
Assuring investors that retrospective amendments to tax laws will be undertaken with extreme caution, Finance Minister Arun Jaitley today said all fresh cases arising out of the 2012 amendment of I-T Act will be looked into by a high level CBDT committee.
Jul 10, 2014, 12:01 PM IST
PSU banks to raise Rs 2.40 lakh crore capital by 2018
Proposing to provide greater autonomy to public sector banks, Finance Minister Arun Jaitley Thursday said these lenders would require Rs 2.40 lakh crore capital by 2018 to meet global Basel III norms.
Jul 10, 2014, 11:59 AM IST
Jaitley's Budget targets 7-8% growth in three years
Finance Minister Arun Jaitley began presenting the first national budget for self and Prime Minister Narendra Modi`s government Thursday expressing concerns over economic slowdown while promising steps to ensure a course correction with bold measures.
Jul 10, 2014, 11:45 AM IST
Modi's first Budget targets growth, jobs
Prime Minister Narendra Modi`s new government unveiled what it called a budget for growth on Thursday and vowed to curb borrowing after the longest economic slowdown in a quarter of a century.
Jul 10, 2014, 11:30 AM IST
Union Budget 2014-15: Key Highlights
Income tax exemption limit raised by Rs 50,000 to Rs 2.5 lakh and for senior citizens to Rs 3 lakh.
Jul 10, 2014, 11:27 AM IST
Jaitley starts unveiling national Budget
Finance Minister Arun Jaitley began presenting the first national budget for self and Prime Minister Narendra Modi`s government Thursday expressing concerns over slowdown in the economy and promising steps to ensure a course correction.
Jul 10, 2014, 11:23 AM IST
Sensex trades flat ahead of Budget
A benchmark index of Indian equities markets was volatile Thursday, wiping off its gains made in the early trade just ahead of the maiden budget of the new government which will be presented to the parliament.
Jul 10, 2014, 11:16 AM IST
No expectation from Union Budget: Naresh Agarwal
Samajwadi Party (SP) leader Naresh Agarwal Thursday said that his party is not expecting much from the maiden Union Budget of the Narendra Modi government.
Jul 10, 2014, 10:50 AM IST
Sensex recovers 75 points ahead of Budget
Tracking a firming global trend, the benchmark BSE Sensex Thursday rose by nearly 75 points in early trade ahead of the Union Budget 2014-15.
Jul 10, 2014, 10:05 AM IST
Jaitley set to present maiden Budget
Finance Minister Arun Jaitley was set to present the first national budget for self and the Prime Minister Narandra Modi government Thursday in an exercise that will be watched and analysed closely to ascertain what out-of-the-box steps he beings to the table to revive the Indian economy and spur growth.
Jul 10, 2014, 09:13 AM IST
Chidamabaram appreciates restrained language of Eco Survey
Chidambaram welcomed the declaration of the NDA government that "the emphasis of policy would have to remain on fiscal consolidation and removal of structural constraints".
Jul 09, 2014, 20:52 PM IST
Economic Survey 2013-14: Housing prices rose in 24 cities during 2007-13
Real Estate and ownership of dwellings with a share of 5.9 percent in India's GDP, grew by 5.6 percent in 2012-13.
Jul 09, 2014, 20:47 PM IST
Economic Survey 2013-14: Global deals on climate should address India's concerns
Global targets for all countries to achieve sustainable development should be looked at in the context of historical, spatial and other dimensions.
Jul 09, 2014, 20:04 PM IST
Economic Survey 2013-14: Worsening structural constraints led to sub-5% growth
"Ill-targeted subsidies cramped fiscal space for public investment and distorted the allocation of resources," it added.
Jul 09, 2014, 20:02 PM IST
Economic Survey 2013-14: 'More needs to be done to give quality, affordable healthcare'
The allocations for the health sector have increased over the years, it added.
Jul 09, 2014, 20:00 PM IST
