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RBI cuts repo rate 25 BPS, Sensex, Nifty achieve record highs
Mumbai, Mar.4 : The Reserve Bank of India (RBI) cut the Repo Rate by 25 basis points to 7.5 percent, signaling that it was convinced by the fiscal consolidation measures announced in the budget proposals for 2015-16.
Balanced budget looks after all interests: Arvind Subramanian
New Delhi, March 4 : Chief Economic Adviser Arvind Subramanian on Wednesday welcoming the unscheduled repo cut by the RBI, described Budget 2015-16 as a "balanced" one that makes institutional changes to spur growth without sacrificing macro-economic discipline.
China's defence budget growth to be slower this year
Beijing, March 4 : China's defence budget will grow by around 10 percent this year, down from 12.2 a year before, a spokeswoman for the annual session of the country's top legislature said on Wednesday.
RBI Repo Rate Cut
By Rohit Gadia, Founder & CEO, CapitalVia Global Research Limited: In its previous announcements RBI governor has already stated that he will not wait even for the policy review meeting if he found all the factors under a comfortable situation, and here today once again he did what he said ...
RBI cuts repo rate by 25 bps
New Delhi, Mar 4 : Days after Union Finance Minister Arun Jaitley presented his General Budget in the Parliament, the Reserve Bank of India on Wednesday reduced the repo rate by 25 basis points.
Union Budget 2015: Children left asking for their dues, as ever
By Komal Ganotra, Director Policy Research & Advocacy, CRY : General trends in public expenditure on children indicate the priority accorded to children in public policy. Given the significant deficits in various development indicators regarding children, it is imperative that the ...
IndiGo launches new website to enhance customer experience
New Delhi, March 3 : Budget passenger carrier IndiGo said on Tuesday that it has launched its new website which is designed to enhance customer experience.
Keep FRBM Act aloof from Finance Bill 2015: Sinha
Kolkata, March 3 : Senior BJP leader and former union finance minister Yashwant Sinha said here on Tuesday that the Fiscal Responsibility and Budget Management Act, 2003 (FRBM Act) should not be amalgamated with the Finance Bill 2015.
Goa ore exporters slam union budget
Panaji, March 3 : Goa's mining industry, non-operational for nearly two years now, has slammed the union budget for not having the "required policy direction" to restart the multi-billion dollar industry in the state.
Secrecy around budget should end: Yashwant Sinha
Kolkata, March 3 : The secrecy surrounding the annual union budget needs to be broken to facilitate better participation both from the industry as well as individuals, senior BJP leader and former finance minister Yashwant Sinha said here on Tuesday.
Nifty touches new high, crosses 9,000 mark
Mumbai, March 3 : Continuing with the post-budget euphoria, the wider 50-scrip Nifty of the National Stock Exchange (NSE) Tuesday breached the 9,000-point mark in the intra-day trade for the first time.
Modi budget fails to cheer scientists
K.S. Jayaraman, Bengaluru, March 3 : The national budget presented by Finance Minister Arun Jaitley has been hailed as "growth oriented" by the corporate sector, but Indian scientists seem not too enthused and say the much-touted "achhe din" (good days) are yet to arrive.
India's fiscal deficit exceeds budget estimates in 10 months
New Delhi, March 2 : India's fiscal deficit continued to exceed the budget estimates in the first 10 months of the current fiscal, data showed Monday, at a time when the government has recovered ground somewhat by earning around Rs.28,000 crore from its disinvestments till date.
Activists decry slashing of budget for children
New Delhi, March 2 : Child rights activists on Monday termed the slashing of budgetary provisions for programmes and schemes related to children in the union budget as "scary".
A budget for the United Federation of India (Column: Active Voice)
By Amit Kapoor : Finance Minister Arun Jaitley on February 28 delivered a budget that will go down as one of the best since liberalization began in 1991. It took stock of India's present set of challenges and accordingly adjusted the priorities and solutions. Six salient points reflect the ...
Budget fails to boost electronics sector'
Bengaluru, March 2 : Dashing hopes of the electronics sector, which was betting on the new government to spur its growth, the budget for fiscal 2015-16 had failed to live up to its expectations, a top trade representative said Monday.
Assam CM, governor clash over poaching issue
Guwahati, March 2 : The debate between Assam Governor P.B. Acharya and Chief Minister Tarun Gogoi over the killings of one-horned rhinos gained steam on Monday after the latter slammed the chief minister on the first day of the assembly's budget session.
India's budget: Mood mixed at Moody's
Chennai, March 2 : Global credit rating agency Moody's Investors Service on Monday said India's budget for 2015-16 is credit positive for corporates and a mixed bag for the banks.
Union Budget took notice of the marginalized: RS Prasad
New Delhi, Mar. 1 : Union Minister for Communications and Information Technology Ravi Shankar Prasad on Sunday hailed the first budget introduced in the Parliament by the NDA Government, saying that it took serious notice of equity concerns of the poor, underprivileged and marginalised.
Assam budget session to begin tomorrow
Guwahati, Mar 1 : The budget session in Assam's state assembly will start from Monday, officials said on Sunday.
Tyre industry wants correction in duty structure
Chennai, March 1 : Welcoming the budget announcement of Rs.14,000 crore investment in the road sector, completing 100,000 km of roads and sanctioning construction of another 100,000 km, a leading tyre manufacturer also called for correction of the duty structure for the industry.
Enough funds given to Andhra Pradesh: Venkaiah Naidu
Hyderabad, March 1 : Parliamentary Affairs Minister M. Venkaiah Naidu on Sunday disagreed with Andhra Pradesh Chief Minister N. Chandrababu Naidu's view that Union Budget 2015-16 failed to fulfill the promises made to the state at the time of its bifurcation.
Insurance sector fears being pulled into 'Cess Pool', wants clarity ...
By Venkatachari Jagannathan, Chennai, March 1 : Generally satisfied at the budgetary proposals of union Finance Minister Arun Jaitley for 2015-16, insurance industry officials however expressed their fears of being pulled into the "cess pool" of the Swachh Bharat Cess.
Bills to replace ordinances government's priority
Hyderabad, March 1 : Passing bills to replace ordinances promulgated in the inter-session period will be government's priority in the coming week of budget session, Parliamentary Affairs Minister M. Venkaiah Naidu said here Sunday.
Parliament to take up Ordinances Replacement Bills in 2nd week of ...
New Delhi, Mar 1 : Both the Houses of Parliament will take up the important legislative business of considering the Bills to replace the Ordinances promulgated during the inter-session period in the second week of the ongoing Budget session beginning Monday.
BJP hails budget, opposition calls it pro-rich
New Delhi, Feb 28 : The NDA government Saturday hailed the Union Budget 2015-16 with Prime Minister Narendra Modi calling it "progressive and practical" while the opposition slammed it for being "pro-rich".
Budget disappointed Odisha: CM
Bhubaneswar, Feb 28 : Odisha Chief Minister Naveen Patnaik Saturday slammed the union budget, saying it disappointed and neglected his state.
Health budget a boon for public: Experts
New Delhi, Feb 28 : The government's decision to allocate Rs.33,152 crore for health with special emphasis on improving the public health sector was Saturday hailed by health experts who said the decision to set up new medical institutions will be a boon for the public.
Budget is growth-oriented, reformist: UP industrialists
Lucknow, Feb 28 : The Confederation of Indian Industry (CII) and industrialists of Uttar Pradesh Saturday complimented Finance Minister Arun Jaitley for presenting a "growth oriented, reformist and pragmatic budget".
Budget allocates Rs.806 crores for judiciary
New Delhi, Feb. Feb 28 : The union budget for 2015-16 has earmarked Rs.806.2 crore for the development of judicial infrastructure in states and union territories, the National Mission for Justice Delivery and Legal Reforms and the administration of justice.