India's budget for 2015/16 highlighted the government's commitment to keeping the fiscal deficit low.
The government will come out with a White Paper on the mismanagement of economy prior to 2014 with an aim to draw lessons.
For growth in export, continuous gain in productivity is essential.
Total subsidy bill could come down to around Rs 2 trillion.
Opposition calls the Budget 'hollow and plain'.
A revival in the sector is still 12-18 months away: Experts
Many imported things became costlier as Finance Minister Arun Jaitley on Thursday hiked customs duties on these products in the Union Budget 2018-19.
Finance Minister Arun Jaitley presented the Union Budget.
The Budget and related appropriation bills were passed by the Lok Sabha on Monday.
To keep investors' confidence, however, Modi's government will need to be seen containing the fiscal deficit, while also increasing spending in key areas of the slowing economy.
Exports dipped for the 14th month in a row.
Metal sector is not too happy from Budget announcements for the sector
The government will have to get projects moving.
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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.
Finance Minister Arun Jaitley announced several reforms.
Railway Minister Sadanand Gowda presented the Railway Budget for 2014-15 on Tuesday.
Budget 2015 has blessed the banking sector.
Excise duties on mobile phones to be 1% without CENVAT credit or 6% with CENVAT credit. This provision will have marginal impact on telcos.
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.
The first voice by the new government clearly indicates growth and fiscal consolidation and that tells we are in a bull run for a long time.
A move to extend visas on arrival facility to 150 countries and make world heritage sites more tourist friendly has been welcomed.
Congress leader and ex-finance minister P Chidambaram on Tuesday said the Union Budget was the "most capitalist" with nothing for the poor and farmers while sops were being provided to big industrialists turning India into a very "unequal country". At a press conference after Union Finance Minister Nirmala Sitharaman unveiled a Rs 39.45 lakh crore Budget, he said because of the ruling party's "brute majority" the Lok Sabha pass the Budget but people will reject it. He claimed the Bharatiya Janata Party was going to elections, scheduled in five states, not with their performance or with the promises and assurances to the people, but solely "with the agenda of dividing the country and bringing Hindutva back to power".
The Budget has stuck to annual increases in agri credit targets.
Railway Budget will be presented on February 26.
The maiden Railway Budget of the Narendra Modi-led NDA government seems to have not gone down well with the suburban commuters as it does not offer anything new to them, commuters associations in Mumbai said.
Market hopes govt will hike capital expenditure.
Nomura expects the fiscal deficit target of 3.5 per cent for 2016-17 to be met and to be consolidated further to 3 per cent of GDP in 2017-18.
Budget could well determine if Achche Din will materialise
PAN could be used by the probe agencies.
The focus of the Union Budget is on providing basic amenities to the poor, middle class and youth, Prime Minister Narendra Modi said on Wednesday, and asserted that it is imperative that India becomes self-reliant.
Reeling under a series of derailments, the Budget is likely to announce creation of a separate safety fund of about Rs 1 lakh crore over the next five years.
The main responsibility for producing the Budget rests with the Budget Division of the Department of Economic Affairs in the finance ministry
Modi said he was "full of confidence" ahead of his "exam", the Budget, by 125 crore people
'We are getting to understand the mind of this generation.' 'Minor tweaks are being made to ease the process as we go along.'
Finance Minister Arun Jaitley announced slew of reforms for the masses.
