Economy and Policy

  • A man looks at a screen across the road displaying the election results on the facade of the BSE building in Mumbai

    The BSE Sensex and Nifty rode a roller-coaster on Saturday, when the budget for the coming fiscal year was present, and they ended the day higher, on hopes the plan will boost growth and corporate taxes will be cut. At one point while Finance Minister Arun Jaitley was speaking, the index was up 1.1 percent, and later it …

  • MGNREGS given boost in budget IANS - 26 minutes ago

    New Delhi, Feb 28 (IANS) Putting to rest doubts about the continuation of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS), Finance Minister Arun Jaitley Saturday announced an initial allocation of Rs.34,699 crore for the programme. "Our government is committed to supporting employment through MGNREGA …

  • Hopeful the Budget will boost e-commerce sector India Today Group - 27 minutes ago

    Implementation of the Goods and Service Tax will definitely help e-commerce but the implementation dates are more than a year away.

  • Moody's sign on 7 World Trade Center tower in New York

    Moody's Investors Service said India's 2015/16 budget unveiled on Saturday was "credit neutral," adding the agency would monitor whether the government can fulfill its pledge to meet its fiscal deficit by boosting economic growth. The government on Saturday pushed back the deadline to cut the fiscal deficit to 3 percent …

  • "This Budget will take the country forward on the path of development," Minister of State for Minority Affairs Mukhtar Abbas Naqvi added.

  • Budget 2015: What is in it for women Simplus Information Services - 30 minutes ago

    Budgets often allocate resources to the welfare of women. Finance minister Arun Jaitley has provided close to Rs 80,000 crore in 2015-16.

  • A cashier counts currency notes as customers wait inside a bank in Hyderabad

    MUMBAI/NEW DELHI (Reuters) - India will inject 79.4 billion rupees ($1.3 billion) into state-owned banks in the next fiscal year to bolster their capital reserves, a smaller-than-expected sum which means the sector's heavyweights may have to turn to the market or curb lending. Successive governments have poured billions …

  • "Budget 2015 has a distinct focus on farmers, youth, poor, neo-middle class and the Aam Nagrik. It delivers on growth, equity and job creation," PM Modi tweeted.

  • "Tax free bonds for infra sector is also well thought out, while headroom to be given from the fiscal space to fund growth is a significant measure," Assocham President said.

  • The budget will accelerate growth. It is a very innovative one and it takes care of the vulnerable sections, said Home Minister Rajnath Singh.

  • FM Arun Jaitley announced a host of measures including the slashing of corporate tax to 25 per cent from 30 per cent over the next four years.

  • "This is not a practical budget, not as per the aspirations of poor and common man of the nation," Mayawati told reporters in the national capital.

  • "For middle class people and low income groups, there has been no relief. This budget is nothing more than a jugglery of words," Congress leader Ashwani Kumar said.

  • One significant demand from corporate India is relaxation in MAT rates and provisions, which over the years have saddled the industry with increased tax payouts.

  • Ficci President Jyotsna Suri speaks to BT's Chitra Narayanan on the industry's expectations from the upcoming Budget. Excerpts-

More »