New Delhi, Feb. 28 : ICICI Bank CEO and MD Chanda Kochhar on Saturday said the Union Budget 2015, which was introduced in the Parliament earlier in the day, will empower the entire country and touches the requirements of everyone.
New Delhi, Feb. 28 : Omaxe Limited chief executive officer Mohit Goel on Saturday said that the Union Budget for the fiscal year 2015-16 is deprived of any concrete measures to boost the real estate sector.
New Delhi, Feb. 28 : Asserting that the government is committed to increasing access of the people to the formal financial system, Finance Minister Arun Jaitely said the government proposes to utilize the vast postal network with nearly 1,54,000 points of presence spread across the villages of the country.
Bengaluru, Feb 28 : The union budget for 2015-16 failed to address key issues of the IT industry while allotting Rs.1,000 crore for incubating technology start-ups, its trade body said Saturday.
New Delhi, Feb 28 : The Development of North Eastern Region (DoNER) ministry saw a 29.43 percent increase in its budgetary allocation for 2015-16, with extra money pumped in for implementation of various schemes of the North Eastern Council (NEC), the nodal agency for the economic and social development of the region.
New Delhi, Feb 28 : Tata Steel on Saturday welcomed the General Budget presented by Union Finance Minister Arun Jaitley and said it sought to provide an environment that attracted investment in industry and propelled economic growth.
Washington, Feb 28 : Apple has been slapped with a lawsuit by Ericsson over alleged violation of 41 patents that essentially apply to iPhone and iPad sales.
New Delhi, Feb 28 : India will have a comprehensive bankruptcy code making it easier for entrepreneurs to exit unviable ventures on the lines prevailing in the US, towards improving the ease of doing business, Finance Minister Arun Jaitely said Saturday.
Mumbai, Feb 28 : In a volatile session, a benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), ended Saturday's trade up 141 points or 0.48 percent.
Hyderabad, Feb 28 : Pharma major Dr. Reddy's Laboratories has said that the union budget for 2015-16 has set the stage for growth in the medium to long term.
New Delhi, Feb 28 : In a bid to remove "high-cost, low-yield taxation", Finance Minister Arun Jaitley Saturday proposed to abolish wealth tax and impose a 2 percent additional surcharge on the "super rich" to garner more funds.
New Delhi, Feb 28 : Feeling upbeat about Union Budget 2015-16, India Inc expressed the confidence that the proposals have laid down the roadmap for taking India to double-digit growth and the steps to add money in the hands of the consumers would add a lot of comfort to them and help expand demand for goods and services.
New Delhi, Feb 28 : Beverages, cigarettes, cement will now be costlier, while pacemakers, tablet computers and footwear will be cheaper.
New Delhi, Feb 28 : Putting to rest doubts about the continuation of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS), Finance Minister Arun Jaitley Saturday announced an initial allocation of Rs.34,699 crore for the programme.
New Delhi, Feb 28 : Corporate leaders across India welcomed the General Budget presented by Union Finance Minister Arun Jaitley on Saturday.
New Delhi, Feb 28: Union Finance Minister Arun Jaitley has introduced a 2 per cent surcharge on income of the super-rich to earn revenues nine times more than he loses by abolishing the wealth tax.
New Delhi, Feb 28: Finance Minister Arun Jaitley on Saturday allocated a record Rs 34,699 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme,a day after Prime Minister Narendra Modi had criticised the previous UPA government for its "failure" with MNREGA.
New Delhi, Feb 28 : Finance Minister Arun Jaitley Saturday allocated Rs.34,699 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme, saying that the BJP government was committed to supporting employment through the rural job programme.
New Year, Feb 28 : Finance Minister Arun Jaitley Saturday extended the target deadline for controlling fiscal deficit to three percent reasoning that insistence on a pre-set timetable to contain the deficit would harm growth prospects.
Chennai, Feb 28 : Sports channel ESPN Saturday bagged the media rights of the Indian Premier League (IPL) for the United States region for three years, starting 2015.
Mumbai, Feb 28 : The sovereign credit rating implications of the first full budget of the Prime Minister Narendra Modi's government depends on increased production and improved India's international competitiveness, said credit rating agency Moody's Investors Service Friday.
New Delhi, Feb 28: Union Finance Minister Arun Jaitley has proposed an increase in investment in infrastructure by Rs. 70,000 crore in 2015-16 over the year 2014-15 from the Centre's funds and resources of CPSEs.
Rohit Gadia, Founder & CEO, CapitalVia Global Research Ltd : Overall it was a dream budget Corporate taxes down, GAAR postponed, crackdown on illegal money, wealth tax abolished.
New Delhi, Feb 28: Finance Minister has proposed reduction of corporate tax to 25 per cent from the current rate of 30 per cent to help boost higher growth, investment and job creation.
New Delhi, Feb 28 : Finance Minister Arun Jaitley Saturday proposed infusion of an additional equity of Rs.2,500 crore in the cash-strapped national passenger carrier Air India for 2015-16 fiscal.
New Delhi, Feb 28 : Finance Minister Arun Jaitley Saturday proposed the setting up of a National Investment and Infrastructure Fund (NIIF) with an initial corpus of Rs.20,000 crore which can be leveraged by infrastructure companies.
New Delhi, Feb 28 : Finance Minister Arun Jaitley Saturday proposed steps to monetise the yellow metal by introducing a gold bond and a monetisation scheme besides announcing his plans to make indigenous gold coins.
New Delhi, Feb 28 : There will be an increase in the limit of deduction in health insurance premium, Finance Minister Arun Jaitley said Saturday.
New Delhi, Feb 28 : The government will enhance the allocation to the Mahatma Gandhi National Rural Employment Guarantee (MNREGA) scheme by Rs.5,000 crore, Finance Minister Arun Jaitley said Saturday.
Kolkata, Feb 28 : Finance Minister Arun Jaitley Saturday announced the Atal Innovation Mission (AIM), an innovation promotion platform in the NITI Aayog, with an initial fund of Rs.150 crore for research and development.
New Delhi, Feb 28 : Presenting the national budget for the next fiscal, Finance Minister Arun Jaitley Saturday said the state of the country's economy was better placed today with its credibility re-established by a series of measures taken by his government.
New Delhi, Feb 28 : The government targets to bring down the fiscal deficit to 4.1 percent of the gross domestic product (GDP) in 2014-15 and further down to 3 percent in three years.
New Delhi, Feb 28 : Displaying the government's intent on implementing a new indirect tax regime for India, Finance Minister Arun Jaitley Saturday announced that the proposed Goods and Services Tax (GST) Bill will be implemented from April next year.
Kolkata, Feb 28 : JIS Group MD Taranjit Singh has said that the State Budget presented by West Bengal Finance Minister Amit Mitra on Friday will encourage middle, lower middle class and even the business houses in the east Indian state.
Mumbai, Feb 28 : As India gears up to hear Union Finance Minister Arun Jailtey presenting his government's first full fledged budget, the BSE Sensex is up by 200 points on Saturday from expectations.
Kolkata, Feb 27 : South Africa hosted the sixth International Trade and Investment Initiative (ITI) in Kolkata's Oberoi Grand hotel on Thursday.
Hyderabad, Feb 27 : Telesur, a telecommunications service provider in Suriname, and India's YuppTV, Friday signed an agreement to deliver over-the-top (OTT) internet television services in the South American nation.
Mumbai, Feb. 27 : The Managing Director and Chief Executive Officer (CEO) of the Bombay Stock Exchange (BSE), Ashish Chauhan, on Friday said India has a great chance of becoming a manufacturing hub.
Mumbai, Feb 27 : In continuation of its steps to respond to an increasingly competitive business environment and macro-economic pressures that have resulted in depressed growth of the commercial vehicle and passenger car businesses in India, Tata Motors on Friday announced new initiatives designed to enhance the company's competitiveness.
Kochi, Feb 27 : The Startup Village here, the country's first PPP model incubator which completed its 1,000th day Jan 10, has so far produced 533 startups, including 116 at campus startups, and created a total of 2,889 jobs with a total valuation pegged at Rs.292 crore, a statement said Friday.
New Delhi, Feb 27 : The Confederation of Indian Industry's (CII) Water India 2015 event on Friday launched the new version of the India Water Tool (IWT 2.0), which helps users understand water risks and prioritise actions for sustainable water management.
New Delhi, Feb 27 : Victorinox has launched VX Sport Collection Backpacks to make adventure travel lighter and easier.
New Delhi, Feb 27 : The Index of Industrial Production (IIP) suggests that industrial sector is recovering slowly with a 2.1 per cent in April - December 2014-15 over the 0.1 per cent in the same period last year.
New Delhi, Feb 27 : The Government remains committed to fiscal consolidation. The Economic Survey 2014-15 presented in Parliament Friday states that the deficit target of 4.1% as envisaged in the Budget 2014-15 will be met.
New Delhi, Feb 27 : The Economic Survey 2014-15 presented in the Parliament Friday says that India has made considerable progress in tackling climate change issues.
New Delhi, Feb 27 : India needs to create additional fiscal space in order to ensure macro stability and to create buffers for future economic downturns, says the Economic Survey, tabled in Parliament by the Union Finance Minister, Arun Jaitley here Friday.
New Delhi, Feb 27 : The Economic Survey 2014-15 tabled in Parliament emphasizes on the need for a national common agricultural market and identifies un-integrated and distortion ridden agricultural market as the one of the most striking problems in agriculture growth.
New Delhi, Feb 27 :To improve the investment climate and reduce the backlog of stalled projects, Economic Survey 2014 - 15, tabled by the Union Finance Minister Arun Jaitley in the Parliament Friday, argues for a three-pronged strategy:
New Delhi, Feb 27 : Economic Survey 2014- 15 tabled in Parliament on Friday states that liquidity conditions (money supply) have remained broadly balanced during 2014-2015 except for some temporary tight conditions due to delayed government expenditure.
New Delhi, Feb 27 :There has been a marked improvement in female literacy as per Census 2011, according to the Economic Survey 2014-15 presented in Parliament on Friday.
New Delhi, Feb 27 : Indian Economy is looking up with brighter prospects amongst the world's major economies, said the Economic Survey 2014-15 presented by Union Finance Minister Arun Jaitley to the Parliament Friday indicating that a clear political mandate for reform and a benign external environment now is expected to propel India on to a double digit trajectory.
New Delhi, Feb 27 : :Economic Survey 2014-15 tabled in Parliament acknowledges the green actions taken by India, including imposing significantly higher taxation of petroleum products and thereby re-energizing the renewable energy sector. India shifted from a carbon subsidization regime to one of significant carbon taxation regime, from a negative price to an implicit positive price on carbon emissions.
New Delhi, Feb 27 : The Economic Survey 2014-15 states that as per the 2nd Advance Estimates, total Foodgrains production in the country is estimated at 257.07 million tonnes during 2014-15.
New Delhi, Feb 27 : The Economic Survey 2014-15 tabled in Parliament discusses the "Make in India" as the flagship initiative and a key policy objective of the new government.
New Delhi, Feb 27 : The Economic Survey 2014-15 tabled in Parliament on Friday ahead of the General Budget said the GDP growth at constant market prices is expected to accelerate to between 8.1 and 8.5 percent in 2015-16, indicating that it is time for big bang reforms.
New Delhi/Mumbai, Feb 27 : Union minister Nitin Gadkari Friday denied any wrongdoing after a media report said he had enjoyed a two-day holiday on a yatch owned by the Essar group on French Riviera.
New Delhi, Feb 27 : Towards ensuring a successful Make in India programme, the finance ministry's Economic Survey 2014-15 Friday proposed elimination of exemptions in countervailing duties (CVD) and special additional duties on imports to provide a level playing field to domestic industry.
New Delhi, Feb 27 : The government's Economic Survey 2014-15 Friday said the public-private partnership (PPP) model is poorly designed and requires restructuring.
Chennai, Feb 27 : Terming Sahara Asset Management Company Private Ltd (Sahara AMC) as not "fit and proper person", India's markets regulator Friday rejected its application for renewal of certificate of registration as a portfolio manager.
New Delhi, Feb 27 : Skill development on a mass scale will enable the 'Make in India' initiative of the government succeed and revive the manufacturing sector to create more jobs, says the economic survey for 20014-15.