Presenting his first budget policy before the government of Prime Minister Vladimir Putin, Medvedev said for the first time in a decade Russia would be spending more than its revenue.
"The word populist has negative overtones, but I am sure (the) finance minister will present a popular Budget. However, we should maintain the mystery of the Budget and you have to wait and see what comes out," Planning Commission Deputy Chairman Montek Singh Alhuwalia said.
The economic downturn has wiped off thousands of jobs from hundreds of the American companies, but the same crisis has prompted the US administration to announce a massive hiring of 50,000 police personnel.
'We have promised to ensure reduced tax rates.'
'Part A of the Budget was like it was written by somebody from the 21st century and Part B was written by somebody from the 19th century.'
'If some measures are implemented quickly, they can help revive growth.'
Party sources said apart from the Railway and General Budget, the government wanted to initiate some key legislation during the session to send a political message to voters. Parliamentary Affairs Minister Pawan Kumar Bansal has also planned to hold a meeting of the secretaries of different ministries to know each ministry's priority agenda. "We have to set the government's agenda accordingly," Bansal said.
'If you consider only demonetisation and GST as my government's work, it will be a big injustice to me.'
Pakistan is yet to clear a pre-partition debt of Rs 300 crore (Rs 3 billion) to India, which has been carrying forward year after year in its Budget account as a "liability".
The Interim Budget was presented as an impressive report card of the UPA government -- the FM couldn't help lauding the UPA in pulling off an unprecedented GDP growth during its tenure.
The new government will have to spur investment to bosot economy, says Fitch.
Aayog feels expansion of the lowest base will enable more people to pay taxes.
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Most of the railway-related stocks, which had seen smart gains in the past few days ahead of the Rail Budget, saw profit-booking as Railway Minister Sadananda Gowda presented the Budget.
Airfares may be in for an upswing. Thanks to Vijay Mallya-promoted Kingfisher Airlines acquiring 26 per cent stake in country's largest and first budget carrier Air Deccan.
The finance minister is required to submit the Budget to the Parliament usually on the last day of February so that the Lok Sabha has one month to review and modify the Budget proposals.
The Budget will indicate where the Modi government stands on reforms, growth and development.
Siddaramaiah said he was not unhappy about the Congress-JD(S) coalition as was being projected, and there was no doubt about the stability of the government.
The Centre on Friday asked the Jammu and Kashmir government to identify "suitable land" for the rehabilitation of some 3 lakh Kashmiri Pandits who migrated from the KashmirValley in the early 1990s due to militancy.
The FM could scrap the secrecy around tax rates.
After Finance Minister Arun Jaitley presented his fifth straight budget in the Lok Sabha, Bharatiya Janata Party members and ministers from the Cabinet reacted positively to the Budget. Here are some of the reactions.
The Budget may see new rural schemes and stepping up of funding towards existing programmes like MNREGA, rural housing, irrigation projects and crop insurance.
That "Rollback Budget" ushered in an era of rollback.
In a bid to assert that it offers the most competitive airfares, Air Deccan has 'challenged other airlines to prove that their fares are the lowest in the market.'
'The economy is suffering (perhaps 'enjoying' is a better word) the lowest credit demand in decades; banks are struggling with stressed loans equivalent to near 10 per cent of GDP,' points out Devangshu Datta.
As per the Economic Survey for 2013-14, India's gross domestic product growth rate will improve to 5.4-5.9 per cent in the current fiscal after remaining at sub-5 per cent level for past two years.
The rupee sank below 60 rupees to the dollar and government bonds had their biggest single-day fall in a month on Monday as higher-than-expected May inflation compounded worries about the impact of violence in Iraq on the price of oil, which India imports.
As the Modi government enters the fourth year of its tenure, it is looking more confident, shedding its earlier inhibitions about offering sops or new opportunities to big business, says A K Bhattacharya.
CREDAI Chairman Lalit Jain said a long term status quo on interest rates would not help prospective home buyers.
The full grant of OROP would raise annual military pensions to Rs 75,000 crore, only slightly less than the salary bill of Rs 93,216 crore.
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Indian-American economist Arvind Panagariya has said that he is "honoured" to be appointed by Prime Minister Narendra Modi as the first Vice Chairman of the newly created NITI Aayog, which replaces the 65-year-old Planning Commission.
Attacking the government for a provision of a mere Rs 500 (Rs 5 billion).
Budget 2014 is a strong first step to slowly re-architecting and reviving our economy and transform India, says Rajeev Chandrasekhar.
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