Search Results for: fiscal deficit

eu-nears-deal-on-315bn-plan-to-tackle-drop-in-investment

EU nears deal on €315bn plan to tackle drop in investment

EU finance ministers agreed the details of a €315bn (£224bn, $338bn) investment plan on 10 March to help revive the European economy without piling up more debt, and now aim to get the first projects going by the end of the year. Mar 10, 2015
Raghuram Rajan RBI Governor

RBI rate cut expected to prompt bankers to lower lending rates

RBI has made a surprise cut in repo rate by 25 basis points to bring it down to 7.50 percent. The move could be just what the doctor ordered. RBI governor Raghuram Rajan is confident that commercial banks will respond positively to the repo cut and cut their lending rates. Mar 5, 2015
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Samajwadi Party protests over service tax hike

Kanpur, Feb 28 (ANI): Samajwadi Party (SP) on Saturday (February 28) protested in Kanpur, as Finance minister Arun Jaitley enhanced service tax without providing any direct relief to middle class. On Saturday, Jaitley announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he sought to boost investment and ensured that ordinary people benefit. The SP, which governs in Uttar Pradesh, organised a mock death procession of Prime Minister Narendra Modi to express its ire. The budget was a test of the nationalist premier's willingness to reform the economy with a bloated public sector and weak private investment. Feb 28, 2015
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'One rank one pension' to be implemented soon, trying to exhort middle class to save: Jaitley

New Delhi, Feb 28 (ANI): Union Finance Minister Arun Jaitley on Saturday briefed the media after presenting the General Budget for 2015-16 in Lok Sabha earlier. Jaitley said that there was a particular set of circumstances both favourable and challenging at the same time. Jaitley said that 'one rank one pension' will soon be implemented. He added that the world was looking up at India enthusiastically. He said that the public spending on infrastructure has been increased notwithstanding the squeezing of fiscal space. Jaitley further said that the government is trying to exhort middle class from tax so that they can save. Talking about special status to Bihar and West Bengal, Jaitley said that same benefits will be enjoyed by Arunachal Pradesh. Feb 28, 2015
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Business leaders welcome Modi government's Union Budget

New Delhi, Feb 28 (ANI): Business leaders on Saturday (February 28) lauded the Central government's 2015-16 annual budget calling it progressive, all-inclusive and investor friendly. Finance Minister Arun Jaitley announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. Business leaders congratulated Jaitley and said the target could be achieved. Business leaders said the focus on infrastructure will also help create jobs. Feb 28, 2015
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