Union Budget

Yes Bank to raise over Rs 16,000 cr through equity, bonds 

Jun 08, 2015 at 11:09 | Source:PTI

The bank's shareholders, at its Annual General Meeting (AGM) yesterday, also approved an increase in its borrowing limit to Rs 50,000 crore, as also hiking the combined investment limit for FPIs and FIIs to 74 percent.

Yes Bank to raise over Rs 16,000 cr through equity, bonds 

Jun 08, 2015 at 07:50 | Source:PTI

Private sector lender YES Bank today said it will raise USD 1 billion (about Rs 6,400 crore) by fresh equity and Rs 10,000 crore through Non Convertible Debentures (NCDs) and bonds.

Replacing fossil fuel vehicles can save Rs 14K crore: Geete 

Jun 05, 2015 at 17:35 | Source:PTI

Phased replacement of fossil fuel-based vehicles with those based on latest technologies will lead to a net saving of Rs 14,000 crore, Union Minister for Heavy Industries and Public Enterprises Anant Geete said.

FM Arun Jaitley announces setting up of NIIF 

May 27, 2015 at 17:28 | Source:CNBC-TV18

Finance minister Arun Jaitley had announced the setting up of National Investment and Infrastructure Fund (NIIF) in the Union Budget. The North Block has now issued a draft Cabinet note on its formation.

FY16 fiscal situation comfortable: Govt sources 

May 22, 2015 at 12:01 | Source:CNBC-TV18

Furthermore, there are now hopes that the government will lower corporate income tax by 1 percent in the next Union Budget.

ITC Q4 net seen up 10%, cigarette volumes may fall 9-10% 

May 21, 2015 at 17:23 | Source:Moneycontrol.com

Analysts polled by CNBC-TV18 expect volume growth to continue to remain muted in Q4 impacted by four consecutive years of excise duty hikes and corresponding price hikes of 15 percent taken post Union Budget. Cigarette volumes are expected to decline by 9-10 percent, similar to what was seen in last quarter.

Cabinet clears Namami Gange; allocates Rs 20,000 cr budget 

May 13, 2015 at 20:32 | Source:PTI

The program, to clean river Ganga, has a budget outlay of Rs 20,000 crore for the next 5 years which was a significant four-fold increase over the expenditure in the past 30 years.

Six financial steps you must take this May 

May 12, 2015 at 12:01 | Source:Moneycontrol.com

This is the time of the year when annual review is over and most employed individuals do get their annual hike. Other important events such as Union budget too are over. This opportune time to plan your money matters.

Cabinet meets to discuss agrarian crisis due to hailstorm 

Apr 29, 2015 at 10:40 | Source:IBNLive.com

The government is unlikely to take up the Land Acquisition Amendment Bill in the Budget session as it has five more months to pass the ordinance. The Bill is likely to be tabled in Monsoon session.

World Bank pegs India's GDP growth at 7.5% in 2015-16 

Apr 28, 2015 at 16:40 | Source:PTI

The government in the Union Budget 2015-16 had projected the GDP growth to be at 8.5 percent this fiscal.

Growth & economy: Mint's post budget analysis conference 

Apr 22, 2015 at 08:24 | Source:CNBC-TV18

At the Mint's post budget analysis conference esteemed panelists spoke about growth and Indian economy.

Congress to fight against Land Bill in Parliament session 

Apr 20, 2015 at 08:08 | Source:IBNLive.com

Parliament will reconvene on Monday after a month and the government faces the mammoth task of getting the re-promulgated land ordinance converted into legislation, the task they couldn't achieve in the first part of the Budget session due to stiff opposition in the Rajya Sabha where it struggles with numbers.

80% of acquired land will be used for irrigation: Gadkari 

Apr 13, 2015 at 22:05 | Source:CNBC-TV18

Union transport and shipping minister Nitin Gadkari defended the land ordinance saying the Centre will not budge on changes to the bill.

Govt must ease proposed PAN card law for gold deals: Titan 

Apr 09, 2015 at 15:37 | Source:CNBC-TV18

Bhaskar Bhat, managing director of Titan, is afraid that such a rule will affect people who are not genuinely buying gold with unaccounted money.

President Mukherjee gives nod to land acquisition ordinance 

Apr 04, 2015 at 13:39 | Source:PTI

President Pranab Mukherjee has signed the ordinance as recommended by the union cabinet on March 31, official sources said.

Committed to cut corp tax to 25% in 4 yrs: Jayant Sinha 

Mar 27, 2015 at 16:23 | Source:CNBC-TV18

The government is hoping to roll out the GST from April 1, 2016 and the ideal rate for it will be the one which is revenue neutral, Sinha added.

Bank reforms positive but implementation a risk: Fitch 

Mar 26, 2015 at 22:03 | Source:PTI

Union Finance Minister Arun Jaitley had announced plans to set up the bureau during his budget, which follows other moves like separating the post of chairman from managing director as well as inviting applications from professionals working in the private sector to apply for top posts.

Will meet 4.1% FY15 fisc despite low telecom receipts: Govt 

Mar 23, 2015 at 15:08 | Source:CNBC-TV18

The government is on course to meet its fiscal year 2014-15 deficit target of 4.1 percent it outlined in the Union Budget in February, expenditure secretary R Wattal told CNBC-TV18.

RS passes Coal Bill; FM terms Budget session fruitful 

Mar 20, 2015 at 17:39 | Source:CNBC-TV18

Calling the day historic, Jaitley said the current Parliament session was a satisfactory one with the passage of three major pieces of legislation in the Budget session, including one on insurance.

Sebi, RBI to issue IFSC guidelines this month: Sinha 

Mar 20, 2015 at 14:48 | Source:PTI

Under the new regime, rules and regulations differ from those applicable outside these IFSCs. "GIFT in Gujarat was envisaged as IFC (International Finance Centre) that would actually become as good an IFC as Singapore or Dubai, which, incidentally, are largely manned by Indians. "The proposal has languished for years.

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