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Expectations high from the upcoming budget: Market Experts

New Delhi/ Mumbai, Feb 28 (ANI): Market experts feel that the budget for the fiscal year 2015-16 will be in line with the expectations of the common man and will change India's growth trajectory. Prime Minister Narendra Modi's stomach 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. Market expert, Akash Jindal, said on Saturday that the annual budget should help reduce the deficit in the common man's household budget. Chief Executive Officer (CEO) of Bombay Stock Exchange (BSE), Ashish Chauhan said that a pro-industry budget was the need of the hour, which creates jobs. Feb 28, 2015
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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
indian-stocks-rise-more-than-450-points-ahead-of-budget

Indian stocks rise more than 450 points ahead of budget

Mumbai / New Delhi, Feb 27 (ANI): The Bombay Stock Exchange (BSE) Sensex and Nifty rose nearly two percent on Friday, their best single-day advance in six weeks, as blue chips rallied on hopes the Indian government would deliver a budget that increases public investment but sticks broadly to its fiscal deficit targets. The benchmark BSE Sensex closed 1.65 percent higher at 29,220.12, its biggest single-day gain since January 20. The broader Nifty gained 1.85 percent to 8,844.60, its best single-day gain since January 15. BSE president, Ashish Chauhan, expected pro-growth and pro-reform budget. The Confederation of Indian Industry (CII) asked the government to target and cut subsidies. Feb 27, 2015
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Guatemala's ex-president home from US jail

Guatemala's ex-president Alfonso Portillo returns home after serving time in a US prison for money laundering in a graft scandal involving Taiwan. Duration 01:21 Feb 26, 2015
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Railway Budget lays out clear roadmap for economic growth: PM Modi

New Delhi, Feb 26 (ANI): Prime Minister Narendra Modi on Thursday termed the Railway Budget for fiscal 2015-16 as the clear roadmap to make the railways the key driver of India's economic growth. Prime Minister Modi also took to Twitter to express his views. “#RailBudget2015 is a forward looking, futuristic and passenger centric budget, combining a clear vision and a definite plan to achieve it,” Prime Minister Modi tweeted. “#RailBudget2015 is a watershed moment for Railways, marking a paradigm shift from discussing coaches and trains to comprehensive railway reform. I am particularly delighted that for the 1st time there is a concrete vision for technology upgradation and modernisation of the Railways,” he added. “Rail Budget lays out a clear roadmap to make the Railways the key driver of India's economic growth and playing a key role in India's progress. #RailBudget2015 stands out for its focus on the common man, putting speed, scale, service and safety, all on one track,” he said in a series of tweets. Feb 26, 2015
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