Arun Jaitley to present maiden Union Budget amid high expectations of middle class, industry
There are high hopes that the budget for 2014-15 to be presented in Parliament may actually not tinker with the threshold limit or the other tax slabs but could provide reliefs by incentivising savings.
Jul 09, 2014, 22:49 PM IST
India may cut gold import duty in Budget: Industry official
Gold imports into India are likely to rise 200 tonnes in the second half to December, a 14 percent increase compared with the first half.
Jul 09, 2014, 21:58 PM IST
Nifty slips below 7,600 mark on Budget eve
Shares fell for the second day on intense selling after Economic Survey released on Budget eve called for tough measures to curb fiscal deficit pulling the benchmark index Nifty below the 7,600 mark on the National Stock Exchange Wednesday.
Jul 09, 2014, 20:58 PM IST
Sensex down 137 pts as Budget optimism subsides
Sensex Wednesday fell 137.30 points to end at over one-week low of 25,444.81 on concerns highlighted by the Economic Survey and diminishing expectations from the Narendra Modi-led government in its maiden Union Budget on Thursday.
Jul 09, 2014, 20:51 PM IST
Arun Jaitley to present Union Budget 2014-15 tomorrow
Finance Minister Arun Jaitley will present his maiden Budget Thursday in a bid to turn around the economy that is growing at a decade low.
Jul 09, 2014, 17:37 PM IST
Economic Survey: 'Use or lose' policy for freeing up locked land
The government should formulate a 'use it or lose it' policy to free up land holdings for industrial use in a bid to improve business environment, the Economic Survey said Wednesday.
Jul 09, 2014, 15:43 PM IST
Economic Survey 2013-14: Inflation expected to moderate by end 2014
As the new government battles stubbornly high food inflation, the pre-budget economic survey on Wednesday predicted that the headline inflation would ease by year end, providing room to the RBI to cut interest rates.
Jul 09, 2014, 13:55 PM IST
USIBC seeks relaxation in FDI norms in insurance and defence
The US India Business Council (USIBC) has sought an increase in FDI cap in key sectors like insurance and defence in Modi government's maiden Budget to be presented on Wednesday.
Jul 09, 2014, 12:41 PM IST
Corporate America ready to invest billions of dollars in India
Anticipating major economic reforms in the maiden budget to be presented by the new Indian government, Corporate America has said it is ready to invest billions of dollars in India but the budget must match "pragmatism with unbridled enthusiasm".
Jul 09, 2014, 12:35 PM IST
Indian gold premiums dampen physical demand
Commodity Transaction Tax (CTT) should be withdrawn so that the volumes can be brought back on the exchanges.
Jul 08, 2014, 17:59 PM IST
Microsoft expects Budget to unveil guidance on infotech use
With the right push, innovative technology solutions such as use of TV whitespaces for connectivity solutions can make a difference in the country.
Jul 07, 2014, 21:42 PM IST
'Govt may unveil bolder economic reforms, but no tax changes in budget'
India will probably unveil bold reforms in its budget on Thursday in a bid to turn around an economy growing at decade lows, but major changes to taxes will be absent, a Reuters survey showed.
Jul 07, 2014, 19:25 PM IST
Jaitley may peg FY'15 fiscal deficit at 4.3%: Goldman Sachs
Foreign brokerage Goldman Sachs Monday said it expects new Finance Minister Arun Jaitley to peg the fiscal deficit target for FY15 at 4.3 percent, up from the 4.1 percent stated by his predecessor P Chidambaram.
Jul 07, 2014, 19:16 PM IST
Texprocil seeks scrapping of import duty on textile machinery
Texprocil submitted pre-budget memorandum to Finance Minister Arun Jaitley.
Jul 07, 2014, 19:09 PM IST
Sensex crosses 26K mark, Nifty hits new high ahead of Budget
An HSBC survey that said manufacturing and services sectors expanded at a faster pace than China during June, too had a positive impact on sentiments, traders added.
Jul 07, 2014, 16:35 PM IST
Retailers seek official industry status
Ahead of the Budget, retailers have asked the government to grant industry status to the sector which is estimated to attain a size of 47 trillion by 2017.
Jul 07, 2014, 15:28 PM IST
Narendra Modi to target record asset sales in budget: Source
The government will seek to raise up to a record USD 11.7 billion in asset sales in its maiden budget this week, a senior government source said, bolstering state finances and buying time for structural reforms to revive a weak economy.
Jul 06, 2014, 18:18 PM IST
India's business confidence at 3-year high; pro-growth Budget eyed
India Inc's business confidence is at a 14-quarter high ahead of the maiden budget of Narendra Modi government that the corporates expect to be "pro-growth".
Jul 06, 2014, 18:10 PM IST
CII on Budget: Help restore higher domestic savings rate
The first Budget of the Narendra Modi government would do well to initiate steps that would restore domestic savings rate level to at least 35 percent of GDP through tax incentives, says industry body CII.
Jul 06, 2014, 18:00 PM IST
Show tight control over fiscal situation, populism: Chanda Kochhar
Kochhar said the Budget would need to provide a clarity about the prospective nature of taxation.
Jul 06, 2014, 15:34 PM IST
