Search Results for: Investment

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Indian Budget : A Brief History

The budget is announced to disclose agenda regarding government's future expenditure to strengthen nation's economy and consolidate economic stability through tax proposals. Jun 25, 2014
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Train fare hike effective from today, passengers demand justifiable services

Ahmedabad/Bhopal/ Hyderebad/ Chandigarh, June 25 (ANI): Passengers gave mixed reaction as the 14.2 percent increase in rail passenger fare and 6.5 percent hike in freight rates is to be effective from Wednesday. While some oppose the hike, thinking that the hike should justify the railway services, others think that it was necessary considering the loss the raliway was running at. A passenger from Ahmedabad in Gujarat, Rajesh Rana said that the hike should have been brought in stages and the sudden hike is unaffordable. Another passenger, Navinder Singh opposed the hike citing the deplorable state of services provided by the Indian railways including drinking water and cleanliness issues. India's railway network is one of the world's largest, but years of low investment and populist policies to subsidize fares at affordable levels have crimped growth in new lines. A passenger from Bhopal in Madhya Pradesh, Rama Dubey said that the train fare hike along with price rise has turned a terror for the common people. Jun 25, 2014
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BJP's move to raise foreign investment in defence threat to India's security: Congress

Raipur, June 25 (ANI): Congress leader Ajit Jogi, has objected to the ruling BJP government's decision to allow 100 percent foreign direct investment (FDI) in defence sector, saying it poses threat to national security. Last month NDA government proposed to raise foreign direct investment in defence sector from 26 percent to 100 percent with an aim to provide a boost to manufacturing activities. Jogi was speaking at news conference in Raipur city of Chhattisgarh. Jogi also said the information about the technology being used in arms and ammunition that will be supplied to the nation after FDI can be leaked to other foreign nations. Jun 25, 2014
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Finance Secretary highlights need to instill confidence in investors to boost economic growth

New Delhi, June 24 (ANI): Finance Secretary, Arvind Mayaram, on Tuesday laid emphasis on the need to boost investors' confidence to bring the country back on the path of growth and to spur economic expansion to its potential level. India will likely raise the foreign investment limit in government debt soon, as almost all the allocation has already been taken up as overseas buyers pile into the country's financial markets. The finance ministry will decide on the matter after consultations with the Reserve Bank of India and capital markets regulator Securities and Exchange Board of India. Mayaram said he is hopeful that the government would take adequate steps to boost overall growth rate. Jun 24, 2014
Petrol price hike

Raghuram Rajan Assures that India has Sufficient Oil Reserves to Sustain Iraq Crisis

While the whole world has its eyes on the Iraq crisis and the effect it is going to have on the supply of crude oil, RBI governor Raghuram Rajan has said that the country need not worry about the external shocks due to Iraq crisis, as India has sufficient reserves to deal with inflation and budget risk arising from hike in oil prices. Jun 23, 2014
World No Tobacco Day

Five Things to Expect from Union Budget 2014-15

With just a few weeks to go for the Budget Session to kick off in the Parliament, several proposals have been put forth to the government. We have highlighted five things to expect from the Budget if the proposals are accepted. Jun 21, 2014
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