Search Results for: fiscal deficit

PM Modi Delighted with Rail Budget 2015; Calls it Forward Looking and Passenger Centric

From now passengers can book tickets 120 days in advance instead of 60 days to avoid chaos.

Feb 26, 2015

Budget hopes: Jewellers in Surat seek import duty cut on gold

Surat, Feb 25 (ANI): With the Narendra Modi government all set to present its first full-fledged budget, jewellers in Surat pin their hopes on Finance Minister Arun Jaitley to cut down the import duty on gold. The present 10 per cent import duty on gold was set in 2013 by the previous Congress party-led government as part of efforts to cut the current account deficit. Jaitley will on February 28 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. A jeweller, Milan Shah, said on Tuesday that the high import duty was discouraging NRIs to buy jewellery from India. Gold is a popular gift at weddings in India and is also bought for auspicious occasions and hence reducing the import duties is the only way to revive the declining imports.

Feb 25, 2015

Modi Government Accepts 14th Finance Commission Recommendations

The Commission has recommended to the Centre to allocate 42% of the divisible pool to states, including taxes and grants

Feb 24, 2015

CM Kejriwal Wants Delhiites to Participate in Budget-Making

AAP will conduct a survey in 5-10 assembly constituencies for their feedback, which will be then discussed in the House.

Feb 24, 2015

S&P: Low Per Capita Income, High Fiscal Deficit 'Constraints' in India's Rating Upgrade

In a report released on Monday, the ratings agency said that the slow pace of fiscal consolidation will mean an upgrade is 3 to 5 years away

Feb 23, 2015

2015 Budget Session: President Stresses on Govt's Efforts to Protect Farmers' Interest in his Address

The 2015 Budget Session started on Monday and the Rail Budget, Economic Survey and Union Budget will be tabled on 26, 27 & 28 February, respectively.

Feb 23, 2015

What to Expect from Railway Budget 2015?

As the Railways reels under financial crunch, Railway Minister Suresh Prabhakar Prabhu is likely to announce limited rail projects this fiscal.

Feb 22, 2015

Vu Launches 15 New TVs In India Starting From Rs. 9,000 To Rs. 9 Lakh; Exclusively Available On Flipkart

Vu Launches 15 New TVs in India Starting from Rs 9,000; Exclusively on Flipkart

Vu Technologies has entered the Indian market with a mighty army of 15 new television models covering the entire segment of entry level and high-end luxury TVs.

Feb 21, 2015

Budget 2015: Relax Fiscal Deficit Target, Go For Growth, Says Bimal Jalan

Former RBI Governor Bimal Jalan has asked the government to stop focussing entirely on containing fiscal deficit and allow it to expand a bit, to spur growth

Feb 21, 2015

State Bank of India (SBI) chairwoman Arundhati Bhattacharya

Budget 2015: Mega Projects Will Help Boost Credit Offtake, Says SBI Chairperson

SBI's Bhattacharya said she expects the government spending on major projects to help improve credit growth.

Feb 17, 2015

Budget 2015: Govt to Double Allocation to ₹45,000 crore to Fast-track Road Projects

The allocation of money is seen as critical to revive the highways sector, which is likely to have a target of constructing about 8,500 km of roads next fiscal, despite inadequate participation by the private sector

Feb 16, 2015

Snapdeal Valuation Pegged at $5 bn, Could Raise $400 Million from Investors

The online marketplace is looking at raising $400 mn in investment

Feb 14, 2015

U.S. Treasury Secretary Jack Lew (R) shakes hands with India's Finance Minister Arun Jaitley

Budget 2015: Sensex Up 860 Points in 4 Days; Markets Cheer Jaitley's Assurance On Reforms

The pre-Budget rally is taking indices to record highs, expecting positive announcements

Feb 13, 2015

Mahindra to Acquire Pipavav Defence for ₹3,000 Crore, Eyes Order Book

The Indian defence industry is witnessing consolidation, as companies line up to pick up supplying to the Indian defence requirements. This news could see more tie-up between Indian players, and Indian and foreign players.

Feb 12, 2015

Gautam Senegal, a budding entrepreneur forays into India's booming IT industry

New Delhi, Feb 11 (ANI): Gautam Senegal, a Chandigarh-based entrepreneur owns Telesole Technologies Private Limited, an IT company, which provides various mobile, web and animation services. Established in 2014, the company has already outsourced 36 mobile applications, 24 web portals and 1 animation projects from 11 different countries across the world. The company has manufactured many products especially for kids like the recently launched 'Airi Devices', a purely safety tool for young kids and elders who might not be able to handle smart phones but need to be in touch with each other. The company also organized some workshops to impart animation skills to children. As per NASSCOM, the Indian IT outsourcing sector will witness growth of 13-15% in the fiscal year 2015.

Feb 11, 2015

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