Finance Minister Arun Jaitley present Union budget to make way for high economic growth and favorable environment for business investment. Key highlights are: Fiscal Deficit and Growth Related GDP growth seen at between 8% and 8.5% year on year Aiming double digit growth rate, achievable soon Fiscal deficit seen at 3.9% of GDP in 2015/16 […]
Union Railway Minister Suresh Prabhu has presented Railway budget today at the Parliament. This is the second Railway budget presented by the newly elected NDA government under the leadership of Narendra Modi. Key aims are better customer experience, higher safety, improved and modernized infrastructure, and make Indian Railways financially self-sustainable. Key Highlights of […]
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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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