Economy Budget 2015

Public debt not a problem yet for India: Raghuram Rajan

The RBI is still trying to understand the new system of computing GDP, but a 7.4 percent GDP expansion makes India one of the fastest growing large economies in the world, he said.

Budget 2015: Why Jaitley rolled out goodies for FIIs? This graphic offers clues

If the government has to succeed in meeting at least 60 percent of the target, it has to keep the FIIs in good stead

Stimulus and reforms don't go together: Jaitley should have kept his fiscal deficit promise

Stimulus and reforms don't go together. Let's see if Jaitley and the Modi government are able to prove that wrong. Only time will tell. But with 282 members in the Lok Sabha, Jaitley should have kept his promise to bring down the fiscal deficit on 28/2.

Budget 2015: States have to pitch in to realise PM's dreams of sanitation for all

Seven years after Independence, in 1954, the government of India first looked to addressing the issue of toilets in the country.

Budget 2015 has two game-changers that will make India a global financial hub

The two unexpected game-changers in Budget 2015-16 are in the financial sector: the move to legislate the Indian Financial Code will put the domestic consumer at the centre of finance; the other, GIFT, will make Gujarat an offshore financial centre.

Misplaced priorities? Budget 2015 doesn't allow govt to take on spread of diseases like swine flu

The budget fails to address the urgent requirements in the healthcare sector

Budget 2015: Will Chandrababu's TDP quit NDA over poor allocation to Andhra?

Supporters of Andhra Pradesh Chief Minister and TDP head N Chandrababu Naidu began attacking the BJP through social media with hard-hitting and derisive status updates soon after the Budget was out on Saturday.

GAAR to incorporate OECD initiative's norms on tax avoidance

Finance Minister Arun Jaitley in his Budget for 2015-16 yesterday had postponed by two years to 1 April 2017 the implementation of the controversial GAAR.

India to join top global league with proposed black money law

While the proposed law in India has been largely welcomed, industry body Assocham today said the government should avoid over-kill and rush job" in its efforts to check foreign assets' concealment.

Delayed fiscal consolidation? No problem, doesn't change India's rating, says Moody's

US-based think-tank Moody's today said India's sovereign rating will not be impacted by the delayed fiscal consolidation programme announced in the Budget 2015-16.