Budget 2014 News - Page 3

Budget 2012 primer: Tackling the fiscal deficit

Deficit numbers for 2011-12, while higher in absolute terms may not be alarming. This is called "inflating away the fiscal deficit".

Budget 2012 must revive investment: Ajit Ranade

Ajit Ranade, chief economist of the Aditya Birla Group, he would prefer to avoid being seen as a fiscal hawk - where the first priority of the finance minister would be to balance his books.

'Only second generation reforms can tackle a slowing economy'

Rana Kapoor, CEO of YES Bank says he would prefer to push for second generation reforms, increase investment in infrastructure, introduce Goods and service tax and rationalise revenue collection methods this budget.

Fitch predicts 8% India growth, despite rough patch

Fitch Ratings analyst Art Woo gives Firstpost an 8 percent growth rating for India, despite its economy having hit a rough spot.

Budget 2012 must strike a balance between revenue and expenditure

Making ends meet is the biggest challenge facing the finance minister, come 16 March.

Either way - it's inflation, baby!

No matter what the finance minister does in his budget, he will end up stoking some kind of inflation.

Who must the government tax this Budget 2012?

If Pranab Mukherjee must tax, where must he go looking for additional revenue?

Budget 2012 must rein in populist spending

Manika Premsingh talked to Surjit Bhalla of Oxus Investments on behalf of Firstpost, and he made it plain that "the top priority must be move away from populist measures".

Shift from consumption to investment spends: Goyal

Dr Ashima Goyal of the Indira Gandhi Institute of Development Research in Mumbai told Firstpost's R Jagannathan that it is not the raw numbers that matter to fiscal consolidation, but the quality of the adjustment.

Who must the government tax this Budget 2012?

If Pranab Mukherjee must tax, where must he go looking for additional revenue?

It's going to be a one way street for inflation - upwards

No matter what the finance minister does in his budget, he will end up stoking some kind of inflation.

Budget 2012 must strike a balance between revenue and expenditure

Making ends meet is the biggest challenge facing the finance minister today.

The Frankenstein called subsidies

Whether it is food, or fuel or fertilisers - the 3Fs for the FM - the subsidy bill has, through benign political neglect, burgeoned into something frightening over the last eight years.

We need a tax signal more than a fiscal one

Ajit Ranade, chief economist of the Aditya Birla Group, he would prefer to avoid being seen as a fiscal hawk - where the first priority of the finance minister would be to balance his books.

Populist or reformist? What kind of Budget will FM announce?

Two expectations seem to be common among experts: an increase in excise duties by about 200 bps and expansion of service tax net.

Land acquisition, diesel deregulation must be tackled

Dharmakirti Joshi, chief economist, Crisil, believes, you have to start with cutting oil subsidies - with diesel deregulation taking the prime spot in reforms.

RBI growth stimulus not possible without fiscal consolidation

If fiscal consolidation is not No. 1 priority in this budget, the RBI will be unable to deliver the growth stimulus that is required.

Pranab must act to plug budget hole

Rupa Rege-Nisture, chief economist and general manager of the Bank of Baroda, speaks to Firstpost's Rajanya Bose in an exclusive video interview.

Budget 2012 needs a top-quality policy effort

Manika Premsingh spoke to Ajay Shah of the National Institute of Public Finance and Policy for Firstpost.

Govt must cut subsidy by merging NREGA and food security

Economists are keeping their fingers crossed on what lies ahead. But their prescriptions are clear: fiscal consolidation, energy pricing reforms, and rationalisation of subsidies.

Budget 2012: Key things to watch

Just a few hours left before Finance Minister Pranab Mukherjee presents his Union Budget proposals for the new financial year starting 1 April.

Budget 2012: All that you need to know about personal taxes

Real benefit is for those earning in the Rs 8-10 lakh bracket as it will give a straight and flat tax relief to the extent of Rs 20,000 .

Is budget 2012 good, bad, ugly? Here are 10 ways to rate it

Of the 10 points on which the budget can be evaluated, six are mildly positive. But the numbers could still go wrong.

Budget has taken the reality of India's situation: Swraj Paul

Reacting to the Budget, Caparo Group Chairman Swraj Paul said: "The budget has taken the reality of India's situation. There are too many problems that exist which need to be dealt with to make the economy .

Govt expenditure a worry but waiver of coal duty a positive: HSBC

Naina Lal Kidwai, country head of HSBC India, said the main worrying factor in this Budget is government expenditure as the money never reaches the right hands.

What! A ten on ten to Budget 2012?

While industry leaders have have described the Budget as pragmatic, timid and disappointing, there is someone who has given the budget a full ten on ten. Read on for more.

Budget a mixed bag of credit implications for corporates: Moody's

Dependence on corporate tax revenue and vulnerability to commodity prices and exchange rates weakens the government's credit profile and lack of specific policies in the Union Budget to address these weaknesses is "credit negative", Moody's said in a research note

Budget 2014: E-visas at nine airports to boost tourism

To give a major boost to tourism, e-visas will be issued at nine Indian airports, Finance Minister Arun Jaitley said on Thursday in his Budget 2014 speech.

Interim Budget 2014: What to expect from Chidambaram

Chidambaram may explain why economic growth slowed to a decade's low of 4.5 percent in 2012-13 and outline steps taken by the government to put India back on a high-growth trajectory.<br />

Budget 2014: Startups get 10,000 cr outlay to encourage entrepreneurship

Admitting that promotion of entrepreneurship and startup companies remains a challenge, Jaitley announces a Rs 10,000 cr fund to act as catalyst to provide equity, risk capitals for startups