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59 mins ago

World Cup 2015: Ashwin showed why he should be allowed to attack more often

Ashwin has also been smart about his use of the carrom ball. In the past, he was guilty of perhaps overusing it but now he has locked it away. #2015 ICC World Cup #Cricket #CWC 2015 #India #India CWC 2015 #MS Dhoni #R Ashwin #Spin bowling #UAE #UAE CWC 2015 #World Cup

Mar 1, 2015

Nominal GDP growth seen at 11-12 pct in 2015/16

NEW DELHI (Reuters) - India's nominal economic growth is expected to be between 11-12 percent in the year that begins in April, Minister of State for Finance Jayant Sinha said on Saturday. Nominal economic growth figures are not adjusted for inflation #Argentina #author #Business #Economy #India #Mexico #opinion #United Kingdom

Mar 1, 2015

India to launch gold accounts, keep import duty at record high

MUMBAI/NEW DELHI (Reuters) - India will introduce gold deposit accounts to utilise the 20,000 tonnes available within the country and launch a sovereign gold bond, the finance minister said on Saturday, but kept the import duty at the record 10 percent in a setback for jewellers. In moving towards recycling of gold held in households and temple trusts for years, Arun Jaitley signalled the government's intent to cut shipments into the world's top consumer of the metal #author #Brazil #Budget #Business #Gold #Investment #markets #Russia #United Kingdom

Mar 1, 2015

Jaitley allocates 331.5 bln rupees for health sector

NEW DELHI (Reuters) - India will allocate 331.5 billion Indian rupees ($5.38 billion) to the country's health sector, Finance Minister Arun Jaitley said on Saturday, when presenting the government's full-year budget. #Brazil #Business #China #Economy #facebook #Government #Investment #Latin America #Mexico

Mar 1, 2015

Expert views: Budget goes for growth, delays cut in fiscal deficit

MUMBAI (Reuters) - Finance Minister Arun Jaitley on Saturday announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. Jaitley set the country's fiscal deficit target for the 2015/16 fiscal year at 3.9 percent of gross domestic product and said it would reduce the target gradually to 3 percent by 2017/18, one year later than previously expected. For full coverage see: reut.rs/1LCvOQu GROWTH, FISCAL DEFICIT  SHUBHADA RAO, CHIEF ECONOMIST, YES BANK, MUMBAI "We are positive on the market borrowing program, the net borrowing is in alignment with market expectations #author #Budget #facebook #Finance #India #Latin America #markets #Russia #United Kingdom

Mar 1, 2015

Cigarette makers fall after budget hikes excise duty

MUMBAI (Reuters) - Shares in cigarette makers fell on Saturday after the budget raised excise duty on cigarettes by 25 percent for cigarettes of length not exceeding 65 mm, and by 15 percent for cigarettes of other lengths. ITC Ltd ( ITC.NS ) slumped 8.2 percent while VST Industries ( VSTI.NS ) lost 3.7 percent. Although cigarette demand is relatively inelastic, analysts have said higher taxes would hurt volume growth and force companies to diversify faster #Arabic #Argentina #Budget #China #Economy #France #Latin America #Mexico #opinion #Technology #United Kingdom