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indias-government-spells-out-modi-nomics-in-first-budget

India's government spells out 'Modi-nomics' in first budget

India's new right-wing government under Prime Minister Narendra Modi unveils its maiden budget, promising a new era of fiscal discipline, higher growth and greater opportunities for foreign investors. A voiced AFPTV report. Duration: 02:15 Jul 10, 2014
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Finance Minister Arun Jaitley in exclusive interview with ANI over General Budget Part - 2

New Delhi, July 10 (ANI): After Finance Minister Arun Jaitley on Thursday presented the 2014-15 general budget, he said that his maiden budget was a vision statement that aimed at giving a fillip to infrastructure, manufacturing and re-establishing confidence in the Indian economy. Speaking to ANI in an exclusive interview, Jaitley said that it’s a directional budget. Jaitley sought to reassure investors by promising a stable tax regime and saying the government would not "ordinarily" create new liabilities retrospectively, but stopped short of moving to scrap the law. The finance minister also said that he would uphold the fiscal deficit target for this year inherited from the last government - 4.1 percent of gross domestic product - despite expectations he would be forced to raise it due to weak revenue and high subsidy costs. Jul 10, 2014
finance-minister-arun-jaitley-in-exclusive-interview-with-ani-over-general-budget-part-1

Finance Minister Arun Jaitley in exclusive interview with ANI over General Budget Part - 1

New Delhi, July 10 (ANI): After Finance Minister Arun Jaitley on Thursday presented the 2014-15 general budget, he said that his maiden budget was a vision statement that aimed at giving a fillip to infrastructure, manufacturing and re-establishing confidence in the Indian economy. Speaking to ANI in an exclusive interview, Jaitley said that it's a directional budget. Jaitley sought to reassure investors by promising a stable tax regime and saying the government would not "ordinarily" create new liabilities retrospectively, but stopped short of moving to scrap the law. The finance minister also said that he would uphold the fiscal deficit target for this year inherited from the last government - 4.1 percent of gross domestic product - despite expectations he would be forced to raise it due to weak revenue and high subsidy costs. Jul 10, 2014
technology-will-be-used-to-maximum-for-services-railway-board-chairman

Technology will be used to maximum for services: Railway Board Chairman

New Delhi, July 09 (ANI): Safety, cleanliness, improved technology and tourism were the focus areas of the railway budget, said railway board chairman Arunendra Kumar. Kumar said technology was being used in a big way and the focus was also made on rail tourism. Meanwhile, Kumar also said resources were required in railways and he looked forwards to investments. In his maiden rail budget, Railway Minister, Sadananda Gowda, said his ministry would seek cabinet approval for allowing FDI in railways, but passenger services would be excluded. However he did not give details on how he will attract investors. Jul 9, 2014
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