Search Results for: fiscal deficit

samajwadi-party-protests-over-service-tax-hike

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
one-rank-one-pension-to-be-implemented-soon-trying-to-exhort-middle-class-to-save-jaitley

'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
business-leaders-welcome-modi-governments-union-budget

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
govt-to-allocate-rs-246727-crores-to-defence-sector

Govt to allocate Rs. 2,46,727 crores to defence sector

New Delhi, Feb 28 (ANI): Finance Minister Arun Jaitley, who is presenting the Union Budget for fiscal 2015-16 in the Lok Sabha said that the Prime Minister Narendra Modi-led government would allocate Rs. 2, 46, 727 crores in the defence sector. Jaitley said in his budget speech that the government is following a policy of transparency and quick decision-making in procurement to keep the defence forces prepared for any eventuality. Feb 28, 2015
union-budget-jaitley-proposes-to-create-national-agriculture-market-to-increase-farmers-income

Union Budget: Jaitley proposes to create national agriculture market to increase farmers' income

New Delhi, Feb 28 (ANI): Finance Minister Arun Jaitley, who is presenting the Union Budget for fiscal 2015-16 in the Lok Sabha, proposed to create a national agriculture market to increase farmers' income. Jaitley said that an ambitious soil health card has been introduced to improve soil fertility. He also proposed to allocate Rs. 25,000 crore in 2015 to rural development fund. Jaitley added that the budget ensures that it is banking the unbanked, and funding the unfunded. Feb 28, 2015
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