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Credit agencies skeptical of Modi govt's pledge to keep FY15 fiscal deficit target

Jul 11, 2014

Credit agencies skeptical of Modi govt's pledge to keep FY15 fiscal deficit target

With varying degrees of severity, Fitch, Moody's and Standard & Poor's all expressed worries that Finance Minister Arun Jaitley's pledge to keep this year's fiscal deficit to 4.1 percent of gross domestic product looked unrealistic.
#S&P #BJP #Narendra Modi #FDI #fiscal deficit #Arun Jaitley #CRISIL #Subsidies #Fitch #Budget2014 #moody's GDP
Half measures and high ideas: Why Jaitley's budget is a missed opportunity

Jul 11, 2014

Half measures and high ideas: Why Jaitley's budget is a missed opportunity

Jaitley could have signalled that reforms were coming. He did not. This budget is also the story of missed opportunities. #Economy #India #Disinvestment #fiscal deficit #Arun Jaitley #Chidambaram #Subsidy #Tax #Reforms #Budget 2014 #Union budget 2014
A decent effort: Arun Jaitley's budget rates a 7 out of ten

Jul 11, 2014

A decent effort: Arun Jaitley's budget rates a 7 out of ten

On the whole the FM has done a good job working through the constraints with the budget, and tried to give incentives wherever possible and allocating funds where necessary. #India #fiscal deficit #Arun Jaitley #PPF #Budget Analysis #Fuel Subsidy #Budget 2014
Budget 2014's message is India is ready to grow, says Jaitley

Jul 11, 2014

Budget 2014's message is India is ready to grow, says Jaitley

In his interview, the finance minister said he was confident that his government will be able to stick to the 4.1 percent fiscal deficit target even though rating agencies have voiced skepticism about the Budget estimates. #GDP #UPA #Banks #Narendra Modi #fiscal deficit #Arun Jaitley #Subsidies #GST #PSU #DTC #Budget2014
Modi sarkar's maiden budget today: Here's the speech FM Jaitley must make

Jul 10, 2014

Modi sarkar's maiden budget today: Here's the speech FM Jaitley must make

Despite high expectations, Arun Jaitley should do the right things in the budget rather than try to pretend he can be all things to all people. What matters is the direction of change, not its speed #fiscal deficit #Arun Jaitley #Subsidies #Reforms #Budget 2014 #Union Budget 2014-15 #Tax Proposals #IT Exemptions
Economic Survey highlights UPA mess: Will Jaitley follow its advice?

Jul 10, 2014

Economic Survey highlights UPA mess: Will Jaitley follow its advice?

There was no Chief Econmic Advisor guiding the Economic Survey put out today. But it clearly sees the mess left behind by the UPA and sets a strong reform agenda for the NDA government #Politics #Economy #India #UPA #Monetary policy #Arun Jaitley #Subsidy #Reforms #fiscal consolidation #Ajay Shah #Economic Survey #Economic Survey 2013-14 #Budget 2014 #Union budget 2014 #Union Budget 2014-14 #NIPFP #Arun Jaitlet
Economic survey favours direct cash subsidies for BPL households via biometric identification

Jul 09, 2014

Economic survey favours direct cash subsidies for BPL households via biometric identification

The government's pre-budget Economic Survey has suggested payment of subsidy in cash for those below poverty line through technologies like biometric identification, observing that such support lead to distorted resource allocation which hamper changes in prices.
#BPL #Subsidy #cash subsidy #Economic Survey 2013-2014
Union Budget 2014: Expect bold reforms but no major tax changes

Jul 09, 2014

Union Budget 2014: Expect bold reforms but no major tax changes

India will probably unveil bold reforms in its budget on Thursday in a bid to turn around an economy growing at decade lows, but major changes to taxes will be absent, a Reuters survey showed.
#Subsidies #Tax #GST #Reforms #DTC #Direct Tax Code #tax changes #Budget 2014 #Union budget 2014
Union Budget 2014: Expect bold reforms but no major tax changes

Jul 09, 2014

Union Budget 2014: Expect bold reforms but no major tax changes

India will probably unveil bold reforms in its budget on Thursday in a bid to turn around an economy growing at decade lows, but major changes to taxes will be absent, a Reuters survey showed.
#Subsidies #Tax #GST #Reforms #DTC #Direct Tax Code #tax changes #Budget 2014 #Union budget 2014