Posts in category

Budget


The country’s economic growth in the fourth quarter ended March 2019 is expected to moderate to 6.1-5.9 per cent, which could pull down growth rate for the entire fiscal 2018-19 to below 7 per cent, according to a report by SBI. The slip in GDP growth may force the Reserve Bank of India to move with a deeper 0.50 …

After the BJP won 282 Lok Sabha seats in 2014 – the first time in three decades that a single party was able to gain an absolute majority – it was popularly believed that the unexpectedly strong performance was a one-off affair. The outgoing government had been ridden with colossal corruption cases, the economy had come to …

Telugu Desam Party chief and Andhra Pradesh chief minister Chandrababu Naidu said on Friday that he would welcome any party to be part of an alliance against the Bharatiya Janata Party, once the election results are declared, including the Telangana Rashtra Samithi (TRS), which is in power in neighboring Telangana. Naidu met Communist Party of …

National transporter Indian Railways account for nearly three-fifths of 344 central sector projects that are facing huge cost overrun due to delay in implementation for various reasons. Total cost overrun of 205 delayed railway projects is whopping Rs 2.21 lakh crore, the latest flash report of the Statistics and Programme Implementation Ministry (MOSPI) for December 2018 showed. The MOSPI monitors central sector projects …

The stage is set for NDA’S “Sankalp” rally at the Gandhi Maidan on March 3, which will examine Prime Minister Narendra Modi and Bihar chief minister Nitish Kumar share the dais at a political rally for the first time since 2009. This will be PM Modi’s second stay to the state within a fortnight, the first …

The Interim Budget proposal to hike tax deducted at source (TDS) limit on interest earned is likely to make bank deposits attractive, which can even take some sheen off equities and mutual funds, states analysts. Real estate investment may also pick up following the Budget sops, they alleged Among many popular announcements created in the …

This is the mother of all election budgets. A politician might give it nine marks out of 10, but an economist will give it no more than five out of 10. The Sensex initially skyrocketed in populist euphoria but ended with a healthy but not spectacular gain of 212 points. The budget showers Rs 6,000 …

Finance Minister Piyush Goyal has proposed Rs 5,831.48 crore budgetary distribution for the textile ministry for 2019-20, which is 16.01 percent lower than the current fiscal. According to the budget document tabled in Parliament on Friday, the revised expenditure (RE) for the textile ministry has been pegged at Rs 6,943.26 crore during 2018-19. The original …

Tractors and two-wheelers could witness demand traction thanks to enhanced sentiment following rural and farmer oriented measures announced in the interim budget, according to industry experts. The outlook for the two segments is positive considering the improved allocation towards various farmer welfare and rural development schemes, they said. As per ICRA Vice President & Sector …

A day after Andhra Pradesh Chief Minister N Chandrababu Naidu thrown out at a BJP legislator in the assembly, the saffron party on Saturday called him an “assembly rowdy” and alleged that he was in “deep frustration”. “A frustrated, defeatist Chandrababu Naidu has threatened BJP MLAs Vishnu Kumar Raju &Manikyala Rao in Andhra assembly y’day …

The Interim Budget for 2019-20 fiscal was laid down in the Rajya Sabha on Friday, following which the Upper House was adjourned till Monday. After showing the Budget 2019 in the Lok Sabha, Finance Minister Piyush Goyal laid down in the Upper House the ‘medium-term fiscal policy cum fiscal policy strategy statement’ and ‘macro-economic framework statement’ …

The Congress on Friday stated that the government presented a full-fledged budget instead of an interim one, and said it was not a vote on account, but an “account for votes”. Senior Congress leader P Chidambaram, addressing a press conference after the government presented the interim budget, alleged Finance Minister Piyush Goyal tested patience by …