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.
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
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.
We need a railway budget, not a budget speech. If Air India can do without a budget speech, so can Indian Railways. Political speeches create political expectations that have negative consequences
Most surveys since the mid-nineties have adopted a rather reformist tone, pitching for labour market reforms, fiscal consolidation. Most governments, have not implemented these suggestions. This time could be different
The budget 2014-15 presented by the Finance Minister Arun Jaitley is a huge let down on the personal taxation front.
The Modi government's first union budget did not signal a directional shift in economic management that the country sorely needs.
The cash-strapped railways increased across-the-board passenger fares by 14.2 percent and freight by 6.5 percent to garner Rs 8,000 crore a year. The new rates would come to effect from June 25.<br />
Shares of companies engaged in railways-related businesses today rallied on the back of a hike in passenger fares and freight rates
The plan for bullet trains may haven't gone anywhere after being proposed earlier, but Sadananda Gowda may give it a fresh lease of life in his first railway budget
With the growth in passenger earnings declining, railways is likely to spell out its strategy to earn additional revenue to reach the target in the current fiscal.<br />
But the velocity, though triple the 50 kilometres average clocked on trips across the country, is barely one-third of the top-speed of China's fastest train, showing the extent to which India's expansive but under-funded train network has failed to keep pace.<br />
High-speed trains, world-class stations, safe journeys and infusion of foreign investment are likely to be the top priorities as the Narendra Modi led government presents the railway budget for 2014 at 12 pm today.<br />
The stocks have been on a roll as investors hope the government's infra push will give a boost to these companies
Gowda's younger brother, DV Suresh Gowda, is a railway Station Master in Karnataka.
Presenting his maiden Railway Budget, rail minister Sadanand Gowda today said of the 99 projects taken up in 10 years costing Rs 60,000 crore, only one is complete, while adding that of every rupee earned, 94 paise is spent by Railways, leaving only six paise as surplus.<br />
In his maiden budget Railways minister Sadananda Gowda has promised a variety of passenger amenities that could exponentially improve the quality of rail travel across the country.<br />
In his maiden budget Railways minister Sadananda Gowda has promised a variety of passenger amenities that could exponentially improve the quality of rail travel across the country.<br />
Here's the full text of the railway budget
Criticising FDI in infrastructure projects in the railway budget, West Bengal Chief Minister Mamata Banerjee today alleged it was an attempt to sell out the country, while claiming that the exercise had 'neglected and humiliated' her state.
Bullet trains are set to become a reality in India with the first service between Mumbai and Ahmedabad as Prime Minister Narendra Modi's government sought to run Indian Railways - one of the world's largest - like a "commercial enterprise but serve like a welfare organization"
Markets appear to believe planned reforms aren't just promises but will be implemented.<br />
The first budget of the Modi government will be out on July 10. Firstbiz spoke to head honchos across industries to know their expectations from Union Finance Minister Arun Jaitley's first budget.<br />
Here are four key expectations from the forthcoming budget
Finance Minister Arun Jaitley today said the Centre would sort out compensation issues with states to ensure early roll-out of Goods and Service Tax, a new indirect tax regime that will subsume various levies.
The industry chamber batted for reduction in customs duty on import of equipment for port projects; exempting port projects from Minimum Alternate Tax (MAT) and granting infrastructure status to the port industry.<br />
He said he was hoping the Budget will bring amendments for the insurance sector.
The important issue is not about permitting FDI, the critical thing is to make it feel welcome.
Participating in the customary pre-budget meeting, captains of Indian industry wanted Jaitley to address the vexed issued of retrospective tax amendment carried out by the UPA saying that it has adversely impacted the investments.<br />