Budget 2014 News - Page 5

Budget 2014: Govt allocates Rs 2.29 lakh cr for Defence Ministry

As part of military modernisation drive, government today allocated Rs 2.29 lakh crore for the Defence Ministry in the Budget, marking an increase of around 12.5 percent from the last fiscal as it raised the FDI limit in the defence sector up to 49 per cent from 26 percent now.

Budget 2014: Jaitley proposes outlay of Rs 2,037 cr for conservation of Rivar Ganga

An integrated programme for the conservation of river Ganga with an outlay of Rs 2,037 crores has been proposed by Finance Minister Arun Jaitley in his maiden budget today.

Pragmatic budget positive signal for foreign investors: Swraj Paul

Welcoming the Indian budget as "pragmatic and sensible", NRI industrialist Lord Swraj Paul said that it would send a positive signal to foreign investors.

Union Budget 2014: Rs 1,000 crore allocated for solar power

Finance Minister Arun Jaitley on Thursday allocated Rs 1,000 crore for the solar power sector in the Union Budget 2014.

Budget 2014: New airports to be developed in smaller cities, towns

New airports will be developed in smaller cities and towns to encourage air travel in the country, Finance Minister Arun Jaitley said.

Budget 2014: 'Fiscally prudent' Jaitley okays Rs 200 cr Patel statue, war and police memorials

The Sardar Patel Statue of Unity will cost Rs 2,500 crore eventually, not to mention the initial allocations of Rs 100 crore and Rs 50 crore respectively for the war and police memorials.

With Rs 4000 cr set aside for low-cost housing, Jaitley is at his populist best

Jaitley has set aside Rs. 4000 crore for low-cost housing routed through the National Housing Bank, and has extended additional tax incentive on housing loans.

Budget 2014: Twitter delivers its initial verdict

As the Finance Minister Arun Jaitley presents his budget today, Twitter reactions are already pouring in to the Modi's sarkar's first budget.

Will the Modi-Jaitley duo deliver? Budget 2014 is the moment of truth

The air is rife with high expectations from the Union Budget 2014. But the biggest question is, will the Modi-Jaitley duo deliver on their moment of truth?

Banks will benefit the most this budget, says Bank Julius Baer & Co’s Mark Matthews

Catch CNBC-TV18’s Latha Venkatesh and Sonia Shenoy’s interview with Mark Matthews of Bank Julius Baer & Co, where he discusses his expectations from the Union Budget 2014

Union Budget: Delhi govt awaits funds to complete projects

The need of funds from the Centre has arisen due to poor revenue collection by Delhi government in the first quarter of this year.

Rahul's criticism is vapid, but this is not a triple A rail budget

Sadananda Gowda presented a stem-the-rot budget, so Rahul's criticism that it is not pro-poor can be ignored. But Gowda's real work begins now. The speech will be forgotten, but he has to implement the Modi vision flawlessly.

Farewell populism, hello aspiration: Why is the rail budget all about bullet trains and wifi

The NDA government's first rail budget has been hailed as one that is finally putting the brakes on populism and shows some much needed fiscal pragmatism

Gowda's Railway Budget is a holding operation, for dreams cost money

Gowda’s speech can broadly be divided into two parts – a holding operation to stop the drift of the last 10 years; and a big-vision part that will need policy changes to materialise.

Jaya welcomes Rail budget; against fuel price linked fares

Recognising the financial 'deep crisis' faced by Railways, the budget provides vision for the future, she said welcoming proposals like the Diamond Quadrilateral high speed rail network which she said will be a 'game changer' in terms of providing a transport infrastructure backbone for the country.

Railway Budget 2014 well thought out and non-populist, says KPMG

Hailing the Railway Budget as "well thought-out" and non-populist, global consultancy KPMG today said it provides the much needed strategic financial headroom.

Gowda to seek cabinet nod for easing FDI norms for railways

The Railways Ministry would seek approval of the Union Cabinet to relax foreign direct investment policy to overcome cash crunch in railways.

Rail budget 2014: New tourist trains to connect pilgrim centres

The Railways Minister today announced several tourist trains connecting pilgrim centres across the country in the Rail budget 2014.

Rail budget 2014: Reservation system, e-ticketing system will be revamped

Railways Minister D V Sadananda Gowda has announced a revamp of the current ticketing system.

Rail Budget 2014: Gowda to start ‘Office on Wheels’ for business travellers

Railway Minister Sadananda Gowda today announced an 'Office on Wheels', in order to add more value for business travelers, where in workstations will be provided in select trains on a payment basis.

Rail budget: Full list of new trains, extended train services

In the Rail budget 2014, the Minister of Railways Shri D V Sadananda Gowda announced 58 new trains.

Six reasons why Indian trains are appallingly slow

When it comes to speed and efficiency Indian Railways lags far behind in comparison to other developed nations, barring a few semi-high speed trains.

Battery operated cars for aged, women security a priority in Rail Budget

Railway Minister Sadananda Gowda prioritized women safety and security during his maiden Rail Budget speech today.

Rail Budget: Public-private partnership to boost revenue, says Gowda

Railway Minister DV Sadananda Gowda on Tuesday listed four new ways to mobilise resources to upgrade and expand projects in his maiden budget.

Cong protests show why Modi must not budge on LoP issue

The Congress party showed its teeth yesterday in parliament. This is a signal to the Modi government that it has to get back into battle mode - both to fight its political and economic battles. May 16 did not signal an end of strife

Hope my first rail budget will meet people's expectations, says Gowda

Railway Minister DV Sadananda Gowda on Tuesday said he hoped his maiden railway budget would meet people's expectations.

Prime Minister Modi faces uphill task to put railways on track

Departing Platform One at New Delhi station last week was India's fastest train: the test run of the Delhi-Agra express - dubbed "semi-high speed" by local media - topped a record-breaking 160 kilometres per hour on its way to the Taj Mahal.

Budget 2014: How Modi, Jaitley can 're-energise' India

From diesel to kerosene to cooking gas, the benefits of rationalizing energy subsidies are plenty. Prices will tick up in some items, but there will be a massive lessening of fiscal pressures, lowering generalized inflation.

Budget 2014: Six terms you should watch out for

In English the word budget simply means, where money comes from and where money goes. Loosely put the Union Budget is pretty much the same thing. But, for the sake of those who are new to this and want to understand what the FM speaks. Read on.