News for 'Interim Budget'

Opposition should help pass bills on which there's consensus: Rahul

Opposition should help pass bills on which there's consensus: Rahul

Rediff.com17 Feb 2014

Interacting with representatives from NGOs, Congress leader Rahul Gandhi on Monday asked opposition parties to fix a date to help government pass bills on which there is general consensus.

'Don't shut down projects started by Gehlot government'

'Don't shut down projects started by Gehlot government'

Rediff.com20 Feb 2014

The Rajasthan Congress led by its state president Sachin Pilot on Thursday held a Chetna Rally against "anti-people" policies of the Vasundhara Raje led Bharatiya Janata Party Rajasthan government.

10 stocks most likely to make investors RICH!

10 stocks most likely to make investors RICH!

Rediff.com11 Feb 2019

From Dabur to HUL, here are 10 stocks with significant rural exposure in the auto, agri-chemical and fast moving consumer goods sectors, which should see an uptick in sales growth.

Sensex gains 53 pts, Nifty reclaims 10,900-mark

Sensex gains 53 pts, Nifty reclaims 10,900-mark

Rediff.com17 Jan 2019

In the Sensex pack, Axis Bank, HCL Tech, M&M, TCS, HDFC, Kotak Bank, PowerGrid, Hero MotoCorp and Vedanta were among the top gainers, rising up to 1.91 per cent. Sun Pharma was the biggest loser, cracking 5.78 per cent.

Eco Survey pegs GDP growth at 7% for current fiscal

Eco Survey pegs GDP growth at 7% for current fiscal

Rediff.com4 Jul 2019

The fiscal deficit, as per the survey, deteriorated to 5.8 per cent of the GDP as compared to 3.4 per cent for 2018-19 estimated in the interim Budget.

Sensex, Nifty end flat ahead of F&O expiry

Sensex, Nifty end flat ahead of F&O expiry

Rediff.com30 Jan 2019

Sectorally, metal and banking stocks rallied the most, while FMCG and realty stocks came under selling pressure.

Sensex, Nifty end lower on mixed global cues

Sensex, Nifty end lower on mixed global cues

Rediff.com29 Jan 2019

Among the Sensex pack, Yes Bank, L&T, HDFC, RIL, HDFC Bank, PowerGrid and Coal India were the biggest losers -- falling up to 2.43 per cent.

State FMs meet Nirmala, demand fiscal stimulus

State FMs meet Nirmala, demand fiscal stimulus

Rediff.com22 Jun 2019

Sitharaman exhorted the states to work together with the Centre, stating that while the Union government sets the direction of economic growth, it is for the states to ensure effective implementation on the ground.

I-T seeks Rs 1-trn cut in direct tax mop-up target

I-T seeks Rs 1-trn cut in direct tax mop-up target

Rediff.com18 Nov 2019

The reduced growth is largely because of consumption slowdown and tax rate cuts.

After 40% rise in Q1, capital expenditure dropped in July

After 40% rise in Q1, capital expenditure dropped in July

Rediff.com8 Sep 2020

Almost all infrastructure ministries continued spending on capex throughout the lockdown, even as the Centre tried to maintain some semblance of economic normalcy.

As FY ends, taxman stares at shortfall in direct tax collection

As FY ends, taxman stares at shortfall in direct tax collection

Rediff.com26 Mar 2019

The total direct tax collection stands at a little over Rs 9 trillion, giving the taxman just few days to reach the 2018-19 revised target of Rs 12 trillion., reports Shrimi Choudhary.

Public debt rises 2.6% in Oct-Dec quarter

Public debt rises 2.6% in Oct-Dec quarter

Rediff.com18 Feb 2014

The government's total debt increased by 2.6 per cent to over Rs 46 lakh crore in the third quarter ended December, compared to the previous three months of the current financial year.

RBI to rejig financial year in line with government's

RBI to rejig financial year in line with government's

Rediff.com16 Feb 2020

Taking advantage of the RBI's different accounting year, the Centre had started demanding an interim dividend till the time the latter's final balance sheet is prepared (usually in August). To address this anomaly, an expert committee led by former RBI governor Bimal Jalan had recommended aligning the RBI's financial year with that of the government.

How Finance Minister Jaitley helped out Defence Minister Jaitley

How Finance Minister Jaitley helped out Defence Minister Jaitley

Rediff.com10 Jul 2014

The armed forces are quite happy with the attention paid to their concerns, reports R S Chauhan.

TN assembly session begins; EPS abstains, rival OPS attends on Day 1

TN assembly session begins; EPS abstains, rival OPS attends on Day 1

Rediff.com17 Oct 2022

Assembly Speaker M Appavu said leaders of the two AIADMK factions submitted him 6 letters, including 4 from Palaniswami, asking for separate seating arrangement in the Assembly for their respective members.

In a major push to Ayushman Bharat govt allots Rs 61,398 cr for health sector

In a major push to Ayushman Bharat govt allots Rs 61,398 cr for health sector

Rediff.com1 Feb 2019

Ayushman Bharat aims at providing a cover of Rs 5 lakh per family annually and is aimed at benefitting more than 10 crore poor families across the country.

Is India close to achieving its fiscal deficit target?

Is India close to achieving its fiscal deficit target?

Rediff.com27 May 2015

The fiscal deficit for 2015-16 may eventually come down to the targeted level of 3.9 per cent of GDP.

Economy will grow at 6% in FY15: FM

Economy will grow at 6% in FY15: FM

Rediff.com1 May 2014

Chidambaram also hit out at senior BJP leader Yashwant Sinha, saying his performance as finance minister.

Revenue-starved govt asks cash-rich PSUs to pay quarterly dividends

Revenue-starved govt asks cash-rich PSUs to pay quarterly dividends

Rediff.com14 Nov 2020

A communiqu sent by the department of investment and public asset management (DIPAM) to the heads of all PSUs, said the move would help the government to get predictable and periodic dividends before Budget estimates are firmed up.

Sitharaman wanted me out: ex-finance secretary Garg

Sitharaman wanted me out: ex-finance secretary Garg

Rediff.com31 Oct 2020

Subhash Chandra Garg, the former finance secretary who was shunted out of the finance ministry within three weeks of Modi-2.0 government's first budget last year, on Saturday alleged that new Finance Minister Nirmala Sitharaman got him transferred out.

No closure of Air India, says government

No closure of Air India, says government

Rediff.com12 Mar 2015

The minister said it was important to have a flag carrier.

Infra focus area, CCI paved way for Rs 6.6-lakh cr projects: FM

Infra focus area, CCI paved way for Rs 6.6-lakh cr projects: FM

Rediff.com17 Feb 2014

Enunciating slew of measures initiated by the UPA to augment the sector, the finance minister said 19 oil and gas blocks were given out for exploration and 7 new airports are under construction.

Bonanza for farmers, govt announces pension scheme

Bonanza for farmers, govt announces pension scheme

Rediff.com31 May 2019

Total burden on the exchequer will increase by Rs 12,000 crore to Rs 87,217.50 crore for the year 2019-20.

Modi meets Jaitley after he decides not to join govt

Modi meets Jaitley after he decides not to join govt

Rediff.com29 May 2019

It was not immediately known if Modi acceded to Jaitley's request.

'It's a balanced Budget that protects the interests of different groups'

'It's a balanced Budget that protects the interests of different groups'

Rediff.com2 Mar 2015

Chief Economic Advisor Arvind Subramanian's interview.

As govt borrowing balloons, focus turns to bond market

As govt borrowing balloons, focus turns to bond market

Rediff.com11 Feb 2019

The continued rise in interest is a pressure on fiscal, but it is not an easy way out unless the government cuts back on populist measures and sticks to fiscal prudence as laid out in the FRBM, which the government missed for the second consecutive year.

'Democracy loving, capitalist respecting' India best for investors: FM

'Democracy loving, capitalist respecting' India best for investors: FM

Rediff.com17 Oct 2019

"So you will not have anything better... democracy loving, capitalist respecting environment... in India," Sitharaman said at the event hosted by the Federation of Indian Chambers of Commerce and Industry in association with the US India Strategic and Partnership Forum.

How has Arun Jaitley fared as Finance Minister?

How has Arun Jaitley fared as Finance Minister?

Rediff.com8 Feb 2016

'The Budget that Mr Jaitley will present on February 29 will be crucial.'

How Goyal's tax breaks will apply to you

How Goyal's tax breaks will apply to you

Rediff.com2 Feb 2019

The point to note is that since the new rebate is up to a taxable income of Rs 5 lakh, if anyone earns even little more (say, even Rs 100 more) than this amount, he would have to pay all the taxes, according to the existing slabs.

Rupee falls most in 3 weeks

Rupee falls most in 3 weeks

Rediff.com18 Feb 2014

The rupee had gained nine paise to close at nearly one- month high of 61.84 against the dollar in yesterday's trade after the government said in the interim Budget that fiscal deficit this financial year will be capped below target.

Sitharaman discards briefcase, carries 'bahi-khata'

Sitharaman discards briefcase, carries 'bahi-khata'

Rediff.com5 Jul 2019

Sitharaman is presenting the full Budget for 2019-20. She is carrying the Budget documents in a red silk bag with national emblem.

Govt to miss FY14 fiscal deficit target: DBS

Govt to miss FY14 fiscal deficit target: DBS

Rediff.com2 May 2014

The government is likely to overshoot its FY14 fiscal deficit estimate by 0.2-0.3 per cent to 4.8- 4.9 per cent as tax revenues have not been up to expectations, DBS said.

What govt's new tax return and refund policy means for you

What govt's new tax return and refund policy means for you

Rediff.com15 Feb 2019

If, as promised, the refunds are done within 24 hours it will obviate one of the biggest reasons that taxpayers distrust the tax department -- delayed refunds especially in cases of large refunds.

Why political class is betting on welfare spending

Why political class is betting on welfare spending

Rediff.com18 Feb 2019

There appears to be a growing perception among the political class that faster growth will not create jobs fast enough and, therefore, welfare spending needs to be drastically increased, says T T Ram Mohan.

From electronics to semiconductor, MNCs in search of policy stability

From electronics to semiconductor, MNCs in search of policy stability

Rediff.com29 May 2023

Their favourite alternatives: Malaysia, Vietnam and the Philippines. Note, India is missing from that list. And this is despite an attractive financial incentive scheme for OSAT players. The reason, said a senior executive of a US chip company who had a meeting in Taiwan just a few weeks ago, is that "they want more predictability in government policy because they plan to put in big money."

Aadhaar is a empowerment tool for the poor: Chidambaram

Aadhaar is a empowerment tool for the poor: Chidambaram

Rediff.com17 Feb 2014

The apex court observed that the government could not deny benefits to those who did not have not Aadhaar numbers.

Gold jumps Rs 465 on global cues; regains crucial Rs 31K level

Gold jumps Rs 465 on global cues; regains crucial Rs 31K level

Rediff.com17 Feb 2014

After gaining Rs 235 in last three sessions, gold further spurted by Rs 465 to Rs 31,450 per ten grams, a level last seen on December 12.

India to grow at 5.3% in current fiscal: Ficci

India to grow at 5.3% in current fiscal: Ficci

Rediff.com9 Jul 2014

Ahead of the Economic Survey, industry body Ficci today lowered its GDP growth forecast for the current fiscal, pegging India's economic expansion rate at 5.3 per cent compared to its 5.5 per cent previous estimate.

SBI pins hopes on economic recovery to cut NPAs

SBI pins hopes on economic recovery to cut NPAs

Rediff.com2 Jul 2014

SBI raised Rs 8,032 crore (Rs 80.32 billion selling 5.13 crore shares through a QIP in January.

Jalan panel moots RBI transfer surplus reserves to govt in 3-5 years

Jalan panel moots RBI transfer surplus reserves to govt in 3-5 years

Rediff.com17 Jul 2019

A high-level panel led by former RBI governor Bimal Jalan, set up to decide the appropriate capital reserves that the central bank should maintain, on Wednesday finalised its report.