Union Finance Minister Arun Jaitley has presented first budget for the newly elected NDA government today. The key highlights are: Fiscal/Economy Related Fiscal deficit target retained at 4.1% of GDP for current fiscal year and 3.6% for 2015-16 and 3% for 2016-17 Revenue Deficit seen at 2.9% for Financial year 2014-15 Aim to achieve 7-8% economic […]
Union Railway Minister Sadanand Gowda has presented Railway budget today. This is the first Railway budget presented by the newly elected NDA government under the leadership of Narendra Modi. Key Highlights of the Railway budget 2014-15 Indian railways to become the largest freight carrier in the world. Social obligation of Railways in 2013-14 was Rs […]
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Finance minister P Chidambaram has presented his interim budget for 2014 today which is also known as Vote on Account. This budget will be applicable only till the upcoming General Election. He did not announce for any populist measures and given suitable Fiscal Deficit related targets which the credit rating agencies will be closely looking […]
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Railway Minister Mallikarjun Kharge has presented interim railway budget today. Mallikarjun Kharge is the second Railway Minister from Congress Party in the 10-year UPA regime to be presenting a Railway Budget, although interim after Lalu Prasad from RJD had presented vote-on-account (interim budget) in 2009 under UPA -I. The highlights of the budget details are: […]
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Finance Minister P. Chidambaram has presented Union Budget for the year 2013-14 at the parliament today. Please find below the highlights for the same. Financial Highlights In 2013-14, the budget estimate is Rs 16,65,297 crore. The revised expenditure target is Rs 14,30,825 crore Plan expenditure Rs 5,55, 322 crore Rs 14,000 crore capital infusion into public sector banks in 2013—14 […]
Finance Minister P. Chidambaram has presented the Economic Survey 2012-13 in the Lok Sabha of the Parliament today. India’s Economic Survey for 2012-13 projects India’s economic growth rate at 6.1-6.7% and inflation at 6.2-6.6% for the next fiscal year 2013-14. The key focus is to reduce subsidy to improve macro-economic condition. Following are the highlights of the Economic […]
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Railway Minister Pawan Kumar Bansal has presented the Railway budget 2013-14 today at parliament. Below are the key summary of the budget proposal. Thrust Safety; Consolidation; Passenger Amenities; Fiscal Discipline Some Achievements/Initiatives IR enters the one billion tonne Select Club joining Chinese, Russian and US Railways; IR also joins Select Club running freight trains of […]
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India’s Finance Minister Pranab Mukherjee has presented the annual budget today for the next financial year 2012-13. The budget aims to create a path for strong economic growth in the future though no big reforms was announced this time. Excise duty on some products and Service tax have been hiked to check the fiscal deficit […]
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India’s railway minister Dinesh Trivedi has published his first railway budget today with more emphasis on security and safety. The key highlights of the rail budget are Key Services/Highlights More stress on safety and security Passenger fares have been increased after 9 long years. Independent tariff authority will be formed to administer the same. Attempt […]
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Greek Parliament has passed 2012 Austerity budget under the new Prime Minister in order to reduce its mounting debt and fiscal deficit. The new budget has proposed further increase in taxes and spending cut. The Austerity budget aims to cut the fiscal deficit to 5.4% of GDP in 2012 from projected 9% this year and […]
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