Budget News - Page 22

Vote-on-Account 2014-15: 80 percent of borrowings go only to pay interest

The government hopes to achieve a lower fiscal deficit target through revenues coming in higher than expenditures.

Budget 2014: FM sets ambitious asset-sale target to raise $12 bn as stocks enjoy Modi boom

The government will seek to raise up to a record $11.7 billion in asset sales in its maiden budget this week, a senior government source said, bolstering state finances and buying time for structural reforms to revive a weak economy.<br />

Chase to begin soon: New intelligence units, 800 personnel to check service tax evasion

The Finance Ministry has cleared creation of new intelligence units across the country and appointment of over 800 personnel to check any leakage in its earnings from the indirect tax.

Budget 2014-15: The speech Arun Jaitley ought to make on 10 July

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

FM wary of high tax exemptions: No perks for salaried class this Budget?

Prime Minister Narendra Modi-led NDA government's maiden Budget is unlikely to offer perks for the salaried class as finance minister Arun Jaitley has limited room for big bold moves this year. According to CNBC-TV18, Jaitley may not announce any major tax exemptions for professionals due to lack of fiscal space.<br />

SME Survey: Businesses want protection of low-skilled labourers in Budget 2014

SMEs are the unsung backbone of the Indian economy, which is why the finance minister should address various issues affecting MSME performance in the current recessionary economic climate.

Eco Survey's ghost writers highlight UPA failures, set tough reforms agenda for Modi

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

Eco Survey shows fiscal consolidation and inflation are two big challenges for FM

India's economy is expected to grow by up to 5.9 percent in the current fiscal year, the new government of Prime Minister Narendra Modi said in a report on Wednesday that called for fiscal consolidation to bring down inflation.<br />

Will Modi govt's first budget deliver on promises? Here's what international media thinks

Most of the news articles focus on Modi's poll promises and then ponder about how he would be able to deliver them in his government's first budget.

10 reasons why Budget 2014 will be different from the ones presented by UPA

Though there has been one NDA government before led by Atal Behari Vajpayee, this is the first one to be presented by a government with a clear majority of its own since 1989. It has been called a right-wing government - one that is expected to be business-friendly even without abandoning the poor.<br />

Here's how to make your own scoresheet to rate Jaitley's Budget speech

Make your own budget scorecard.These are the things to look for in the budget, beyond you tax breaks. Score 1 for bad, and 5 for very good.

Budget 2014: Committed to GST, high level committee to clarify retrospective tax, says FM

The Finance Minister said that all cases rising out of retrospective tax law that have already been passed will be analysed by a high level committee of CBDT before any further action is taken. <br />

Budget 2014: FM Jaitley pleases boss Modi, allots Rs 200 cr for Sardar Patel statue

In his maiden budget, Finance Minister Arun Jaitley has allotted funds to several of PM Modi's pet projects including Rs 200 cr for the Sardar Patel statue of unity.

Budget 2014: Is it the beginning of de-Nehru-fication of government?

Arun Jaitley's budget looks set to start the process of the de-Nehru-fication of government schemes. Thus new schemes will be named after BJP and non-Congress icons - Sardar Patel, Madan Mohan Malaviya.

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

Budget 2014: Modi Sarkar has big technology boost plans, but not many details

Firstbiz highlights a list of announcements focussed on tax reforms, corporate tax policy, India's IT industry, and more

Budget 2014: Rs 10,000 crore bonanza for MSMEs

The government has decided to set up a committee, including representatives from the Finance Ministry, Ministry of MSMEs, and RBI to give concrete suggestions on the financial architecture of the MSME sector in three months.

Budget 2014: Jaitley allocates Rs 1,000 cr to 'high priority' renewable energy sector

The government aims to construct Ultra Mega Solar Power Projects or high capacity plants in the radiation rich states of Rajasthan, Gujarat, Tamil Nadu, and Ladakh.

Budget 2014: Jaitley taxes unhealthy cigarettes, aerated drinks to improve fiscal health

Emulating the US system of taxing aerated drinks, the Finance Minister also chose to target aerated drinks but only those that contain sugar, sparing fruit juices and other aerated drinks like soda.<br />

Budget 2014: Defence sector allocated Rs 2.29 lakh cr, FDI cap hiked to 49%

The Ministry was allocated Rs 2,03,672 crore in 2013-14 and was provided Rs 2,24,000 crore in the interim budget presented by the UPA government in February this year.<br />

Budget 2014: Rs 2,037 cr more for Ganga; will this too flow down the river?

Jaitley announced an integrated Ganga development project called the 'Namami Gange' and allocated a fund of Rs 2,037 crore to it.

Budget 2014: Jaitley loosens the purse strings to boost education

The Finance Minister said primary education is a major priority for the Modi government and that steps would be taken to provide minimal school infrastructure facilities.<br />

Important numbers from Budget 2014 in a single infographic

Expectations had been high that the government would utilise India's strongest election mandate in 30 years to take radical steps comparable to the 1991 market reforms that unleashed an era of high economic growth.<br />

What we learned from Budget 2014: 100 crore is Jaitley's favourite number

The importance of Rs 100 crores in the Modi government's maiden Union Budget that was presented by Finance Minister Arun Jaitley today.

'Modi's first budget will have positive impact on IT industry': IDC

The emphasis on the infrastructure and manufacturing sectors is particularly welcome as these are foundational for a nation at India's stage of economic growth.

Full text: Budget 2014 speech presented by Finance Minister Arun Jaitley

Here's the full text of the union budget speech presented by Finance Minister Arun Jaitley in the Lok Sabha today.

Budget 2014: Jaitley doubles road sector funds, now for procedural reforms Mr Gadkari

By almost doubling the allocation for roads and highway development in this Budget and expanding the target for highway construction, the Finance Minister has shown positive intent.<br />