The Opposition parties on Friday slammed the Union Budget presented by Finance Minister Pranab Mukherjee as "anti-people", "lacklustre" and one that would increase the financial burden on the common man.
Finance Minister P Chidambaram on Monday slashed excise duty on cars, SUVs and two-wheelers, and capital goods and consumer durables.
Hinduja Group Chairman S P Hinduja on Saturday hailed the Modi government's Budget as "socially inclusive" that lays a clear roadmap for placing India on double digit growth trajectory in the medium term.
In today's perspective, such deprivation and insult has anyone seen"? the former Railway minister said in a Facebook post.
He feels that the Budget presents a realistic picture of railway finances.
Though India is one of the fastest growing economies, how big is the country's budget compared to other countries in the world?
Nasscom wants the Union govt to create a mission with initial seed capital of Rs 500 cr to promote entrepreneurship.
Finance Minister Arun Jaitley presented the Union Budget for 2014-15 on Thursday.
In July last, fares were increased by 14.2%.
'Budget document should not be treated as something secret any longer.'
Will Finance Minister Arun Jaitley's Budget 2016 be able to put India on a growth trajectory?
The government will come out with a White Paper on the mismanagement of economy prior to 2014 with an aim to draw lessons.
Economy is now turning around, manufacturing appears to be on revival, says FM.
Giving some relief to tax payers, Finance Minister Pranab Mukherjee on Friday proposed raising the income tax exemption limit for individuals to Rs 2 lakh per annum from Rs 1.80 lakh.
While presenting the Budget for 2022-23, the finance minister also said the strategic transfer of Air India ownership has been completed and strategic buyer for (Neelachal Ispat Nigam Ltd) NINL has been selected. National Asset Reconstruction Co Ltd (NARCL) has commenced its activity, Sitharaman added.
After a gap of three years, direct tax collections -- which include corporate tax and personal income tax -- have exceeded the Budget estimates for FY'22, indicating economic recovery.
India's luxury trains are among the world's best.
All public sector bank branches will have an automated teller machine by March 31, 2014.
Smokers and tobacco consumers will have to shell out more for their indulgence as Finance Minister Arun Jaitley continued with the crackdown on cigarettes and tobacco products by increasing taxes in the Budget for 2017-18.
The Individual tax payer exemption limit to be raised to Rs 200,000 from Rs 180,000.
Budget focuses on boosting investments in infrastructure.
Arun Jaitley declared proposal for a comprehensive law.
FM may increase income-tax exemption limit to Rs 3 lakh
The Railway Budget for 2016-17 spared passengers and freight from any increase in tariffs.
Without tinkering with the tax rates, Finance Minister Arun Jaitley in his maiden budget provided encouraging signals for domestic and foreign investors.
BJP on Thursday said while claiming the exercise had brought back "hope" into the economy by charting a roadmap for the country's economic resurgence.
Passengers travelling in all AC classes and first class will have to pay charges in addition to the recent hike in train fares with the General Budget on Friday bringing journeys in them under the ambit of service tax.
It would be interesting to see what the government proposes to investors.
Finance Minister Nirmala Sitharaman on Tuesday said the country's economic growth is expected at 9.2 per cent in the current financial year, on the back of a sharp rebound in the economy. She also said virtuous cycle of investment is expected to revive on account of capex (capital expenditure) and crowd in private investment. "Government focus since 2014 is on poor and marginalised.
Morgan Stanley expects the central bank to cut rates this week, 125 bps in cuts through 2015.
The Cabinet has already cleared two proposals that will receive support from the fund.
The railways recently successfully completed an experiment on the Delhi-Agra route for semi-high speed (up to 160 km/hr).
A roadmap for the consolidation of public sector banks will be outlined during the year.
Though the Railway Minister did not propose any increase in basic rail fares, the hike in reservation fees and supplementary charges will mean an increase of Rs 5 to Rs 25 in fares for all classes in superfast trains.
Among the Sensex firms, Larsen & Toubro, UltraTech Cement, JSW Steel, Titan, Bajaj Finance, Wipro, Tech Mahindra and Nestle were the major laggards. Maruti, Power Grid, Axis Bank, State Bank of India, NTPC, HDFC Bank, ITC and IndusInd Bank were the gainers.
India's manufacturing sector growth climbed to a four-month high in January as a sharper upturn in new orders boosted output growth amid mild cost inflation, a monthly survey said on Thursday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) recovered from an 18-month low of 54.9 in December to 56.5 in January. The latest reading highlighted the strongest improvement in the health of the sector since last September.
In a live chat on rediff.com on Wednesday, July 16, 4 pm, Feroze Azeez, will offer some valuable suggestions on investments.
India's decrepit state-run train services stand to receive at least a 25 percent boost in investment to over $9 billion.
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