Search Results for: fiscal deficit

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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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3.5bln losses - a 'good' year for RBS

For most companies, a 3.5 billion pound loss would be disastrous. But for the Royal Bank of Scotland, this is considered pretty good. 2013's deficit was as much as 9 billion. The bank is 7 years Feb 26, 2015
railway-budget-lays-out-clear-roadmap-for-economic-growth-pm-modi

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
foreign-rail-technology-cooperation-scheme-to-be-launched-part-2

Foreign Rail Technology Cooperation Scheme to be launched Part - 2

New Delhi, Feb 26 (ANI): Railways Minister Suresh Prabhu on Thursday said that Foreign Rail Technology Cooperation Scheme would be launched to help in technology upgradation. Presenting the Railway Budget for fiscal 2015-16 in Parliament, Prabhu stressed on the need to decentralise, deregulate and delegate to make freight business simpler. No new trains were, however, announced this year in the rail budget. There was no increase in railway passenger fares either. The Railways Minister further said that mobile phone charging facilities would be provided in general class coaches and the number of charging facilities would be increased in sleeper class coaches. Feb 26, 2015
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Hong Kong to fund homegrown fashion

Another year, another massive fiscal surplus in Hong Kong. The city has decided it's going to cut taxes and spread the wealth, dishing out over four billion bucks in sweeteners to support local Feb 26, 2015
foreign-rail-technology-cooperation-scheme-to-be-launched-part-1

Foreign Rail Technology Cooperation Scheme to be launched Part - 1

New Delhi, Feb 26 (ANI): Railways Minister Suresh Prabhu on Thursday said that Foreign Rail Technology Cooperation Scheme would be launched to help in technology upgradation. Presenting the Railway Budget for fiscal 2015-16 in Parliament, Prabhu stressed on the need to decentralise, deregulate and delegate to make freight business simpler. No new trains were, however, announced this year in the rail budget. There was no increase in railway passenger fares either. The Railways Minister further said that mobile phone charging facilities would be provided in general class coaches and the number of charging facilities would be increased in sleeper class coaches. Feb 26, 2015
rail-budget-2015-16-swachh-railways-to-be-the-focus-of-railway-ministry

Rail Budget 2015-16: Swachh Railways to be the focus of Railway Ministry

New Delhi, Feb 26 (ANI): Union Railway Budget Suresh Prabhu on Thursday presented the Rail Budget for fiscal year 2015-16. Prabhu also laid emphasis on cleanliness of stations and trains for convenient travel facilities to passengers. He also laid stress on PM Narendra Modi’s ‘Clean India’ and ‘Make in India’ initiatives. He further said that integrated cleaning will be taken up as a specialized activity. Prabhu said that am mobile application to address the complaints of the passengers is also being developed. He also stated that e-catering has also been introduced on some trains on experimental basis Feb 26, 2015
rail-budget-2015-16-propose-to-move-from-preventive-to-predictive-maintenance

Rail Budget 2015-16: Propose to move from preventive to predictive maintenance

New Delhi, Feb 26 (ANI): Union Railway Budget Suresh Prabhu on Thursday presented the Rail Budget for fiscal year 2015-16. Prabhu said that the railways propose to move from preventive to predictive maintenance. Further elaborating, Prabhu said that safety of passengers is of utmost importance for which technology intervention is required. He added that modern tracks, audio-visual warnings are few of the measures the government is contemplating to avoid train collisions. Feb 26, 2015
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