Search Results for: arun jaitley

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Philip Hammond, Jihadi John, Mohammed Emwazi, British Government, ISIS

Maharashtra/ Madhya Pradesh/ Kerala, Feb 28 (ANI): Citizens across India hope that Narendra Modi government comes up with a pro-people budget as it prepares to present its first full-fledged annual budget in Parliament for the fiscal year 2015-16. Prime Minister Narendra Modi's target for free-market economics faces a major test on Saturday (February 28), in a budget India's top economic advisor has warned could wreck the leader's promises of "good days"if there's no roadmap to reform. Reaping the benefits of low global prices for oil, India's main import, Modi's government sees itself in a sweet spot with spare cash to modernize ageing roads and railways without busting fiscal deficit and inflation targets. However, analysts warn that Indian stocks are overvalued and that equity markets could see a sell off of 6-8 percent if the pro-growth measures in the budget, to be unveiled by Finance Minister Arun Jaitley at 11.00 a.m. (0530 GMT), fall short of expectations Feb 28, 2015
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India in sweet spot to achieve sustainable double-digit growth: Economic Adviser

New Delhi, Feb 28 (ANI): Chief Economic Adviser at the finance ministry, Arvind Subramanian, on Friday (February 27) said that India was in a sweet spot to achieve sustainable double-digit growth and the country was a recovering economy. The Economic Survey, the basis for Jaitley's budget for the fiscal year starting April 1, forecast growth of 8.1 percent to 8.5 percent under new calculations that make India the world's most dynamic big economy. The forecast marks an acceleration from growth of 7.4 percent in the current fiscal year. Other indicators of India's economy are not as rosy as Gross Domestic Product (GDP) data suggests. Earnings of the country's top 100 companies shrank by 6 percent in the last quarter, private investment and consumer demand are weak and merchandise exports are falling. Feb 28, 2015
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Finance minister gives final touches to budget

New Delhi, Feb 27 (ANI): Finance minister Arun Jaitley on Friday gave final touches to 2015-16 budget a day ahead of its presentation in Parliament. Jaitley was accompanied by his junior colleague Jayant Sinha and officials. The economic survey, the basis for Jaitley's budget for the fiscal year starting April 1, forecast the economy would grow by 8.1-8.5 percent under a new calculation method that makes India the world's top-growing big economy. It said a return to the heady days of double-digit economic growth was expected. Feb 27, 2015
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People expect cheaper food, tax reforms from annual budget

Panaji/Dharamsala, Feb 28 (ANI): Indian citizens hope food and healthcare will be cheaper and tax reforms will be made in the annual budget 2015-16 to be released on Saturday. Finance Minister Arun Jaitley will present his first full-year budget, seeking to put Asia's third-largest economy on a path of 7-8 percent growth over the next two years. The 2015-16 budget is billed as a "make-or-break" event for Prime Minister Narendra Modi's eight-month-old government. The 2015/16 budget is expected to give a big push to Modi's 'Make in India' campaign, with tax breaks and other incentives for several sectors. Jaitley has promised to implement a nationwide Goods and Services Tax (GST) from April 1, 2016. He introduced a bill in Parliament in December to rationalise state and central indirect taxes into a harmonised sales tax. Meanwhile in Goa, many wished that the state had something more to offer than beaches and casinos. Feb 27, 2015
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