Budget modestly credit positive for India: Moody's
Rating agency Moody's Monday said the budget 2014-15 has outlined steps to support faster economic growth, but absence of detailed implementation plan makes it modestly credit positive for India.
Jul 14, 2014, 18:40 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
Jewellery sector expresses disappointment with Union Budget
The gems and jewellery industry which had sought reduction in the gold import duty as well as abolition of the stringent "80:20 norms", expressed its disappointment with Union Budget.
Jul 11, 2014, 13:24 PM IST
Union Budget 2014-15: Bankers welcome Budget, say it ushers in growth environment
Bankers on Thursday hailed Finance Minister Arun Jaitley's maiden budget, saying it would create an enabling environment for future growth.
Jul 10, 2014, 23:35 PM IST
Union Budget 2014-15: Govt allows manufacturers to retail on e-commerce platforms
Finance Secretary Arvind Mayaram said the move is not about allowing foreign retailers to sell items online, but to encourage domestic manufacturing.
Jul 10, 2014, 23:24 PM IST
Union Budget 2014-15: Govt will not rely on retro tax amendment, says Jaitley
"Will this government rely on retrospective tax legislation. My answer is no."
Jul 10, 2014, 22:56 PM IST
Union Budget 2014-15: Industry hails infra reforms announcements in Budget
Earnest & Young's Tax Partner-Infrastructure Practice, Samir Kanabar said Budget 2014 has showered much awaited reforms in infrastructure sector.
Jul 10, 2014, 22:25 PM IST
Union Budget 2014-15: Govt, RBI to devise modern monetary policy framework
With prices staying at stubbornly high level, the government and the RBI on Thursday agreed to devise a modern monetary policy framework with clear inflation targeting.
Jul 10, 2014, 22:14 PM IST
Union Budget 2014-15: Agri industry gives mixed reaction to Budget
The Budget's proposals to boost irrigation, agri-research and food processing have been received well by the industry.
Jul 10, 2014, 22:05 PM IST
Union Budget 2014-15: Industry captains hail Modi govt's first Budget
Industry players said it sets the tone for attaining higher growth trajectory, job creation and attracting investments for an economy grappling with multiple challenges.
Jul 10, 2014, 21:54 PM IST
Union Budget 2014-15: Proposals in infra, manufacturing to boost auto sector
Given the condition of the economy, the direction given in the budget is a positive one and the call for fiscal prudence is a welcome move.
Jul 10, 2014, 21:35 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
Energy sector gains much needed focus in Budget 2014-15
Unveiling the Union Budget 2014-15, Finance Minister Arun Jaitley on Thursday announced several initiatives for the energy sector.
Jul 10, 2014, 17:00 PM IST
Union Budget 2014-15: Govt focus on modernization of police forces
The Modi government on Thursday announced to increase the allocation for modernisation of state police forces from the current Rs 1,847 crore to Rs 3,000 crore.
Jul 10, 2014, 16:57 PM IST
Budget 2014-15: Skill India programme bonanza for youth
In order to prepare the youth for employment opportunities, the government on Thursday announced the launch of a national multi-skill programme called Skill India.
Jul 10, 2014, 16:56 PM IST
Union Budget 2014-15: Sanitation in all households by 2019
Finance Minister Arun Jaitley on Thursday told Parliament that his government aims to provide sanitation in all houses by 2019 - the 150th year of the birth anniversary of Mahatma Gandhi.
Jul 10, 2014, 16:55 PM IST
Modi govt brings back Kisan Vikas Patra
Finance Minister Arun Jaitley on Thursday announced in the Union Budget 2014-15 that his government will reintroduce the highly-popular Kisan Vikas Patra (KVP).
Jul 10, 2014, 16:53 PM IST
Govt emphasis on job creation to create 5-8 mn jobs in 3-4 yrs
With the government putting strong emphasis on job creation, experts Thursday said measures proposed in the union budget can help create 5-8 million jobs in next 3-4 years across various sectors.
Jul 10, 2014, 16:44 PM IST
'Strict mechanism being put in place to control coal quality'
Adequate coal will be provided to power plants as extensive measures to augment domestic output and a strict mechanism to control the fuel quality are being put in place to end the impasse in the sector, the government said Thursday.
Jul 10, 2014, 16:41 PM IST
Budget 'anti-poor' and a 'disappointment': Cong leads opp fire
Opposition parties on Thursday termed Narendra Modi government's maiden budget a "disappointment" and an "anti-poor" exercise which can "benefit only the rich".
Jul 10, 2014, 16:35 PM IST
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