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.
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.
Welcoming the Indian budget as "pragmatic and sensible", NRI industrialist Lord Swraj Paul said that it would send a positive signal to foreign investors.
Finance Minister Arun Jaitley on Thursday allocated Rs 1,000 crore for the solar power sector in the Union Budget 2014.
New airports will be developed in smaller cities and towns to encourage air travel in the country, Finance Minister Arun Jaitley said.
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.
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.
As the Finance Minister Arun Jaitley presents his budget today, Twitter reactions are already pouring in to the Modi's sarkar's first budget.
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?
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
The need of funds from the Centre has arisen due to poor revenue collection by Delhi government in the first quarter of this year.
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.
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 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.
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.
Hailing the Railway Budget as "well thought-out" and non-populist, global consultancy KPMG today said it provides the much needed strategic financial headroom.
The Railways Ministry would seek approval of the Union Cabinet to relax foreign direct investment policy to overcome cash crunch in railways.
The Railways Minister today announced several tourist trains connecting pilgrim centres across the country in the Rail budget 2014.
Railways Minister D V Sadananda Gowda has announced a revamp of the current ticketing system.
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.
In the Rail budget 2014, the Minister of Railways Shri D V Sadananda Gowda announced 58 new trains.
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.
Railway Minister Sadananda Gowda prioritized women safety and security during his maiden Rail Budget speech today.
Railway Minister DV Sadananda Gowda on Tuesday listed four new ways to mobilise resources to upgrade and expand projects in his maiden budget.
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
Railway Minister DV Sadananda Gowda on Tuesday said he hoped his maiden railway budget would meet people's expectations.
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.
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.
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.