Feb 17, 2014 at 18:01 | Source: Moneycontrol.com
P Chidambaram made all the right noises in the Vote on Account held today, but many say the finance minister's projections for revenue and expenditure next year are unattainable.
Feb 17, 2014 at 15:00 | Source: Moneycontrol.com
The government today cut its disinvestment target by more than half to Rs 16,027 crore for the current financial year and pegged the proceeds at Rs 36,925 crore for 2014-15. In the Budget last year, Finance Minister P Chidambaram had estimated to mobilise Rs 40,000 crore by selling minority stakes in state-owned companies.
Feb 17, 2014 at 14:40 | Source: PTI
"The IT modernisation project of the Department of Posts with outlay of Rs 4,909 crore will be operational by 2015 in all 1.55 locations," the finance minister said. The IT modernisation project with this outlay was approved by Cabinet Committee of Economic Affairs in November 2012.
Feb 17, 2014 at 14:00 | Source: Moneycontrol.com
Tata Power is up 5 percent while Dr Reddy's Bank, HDFC twins and Hero Motocorp. Top losers in the Sensex are Coal India, Hindalco, Reliance, BHEL and Tata Steel.
Feb 17, 2014 at 13:00 | Source: Moneycontrol.com
Tata Power gained nearly 5 percent that may be after the finance minister P Chidambaram said four ultra mega power projects (UMPPs) will start in next financial year 2014-15.
Feb 17, 2014 at 12:00 | Source: Moneycontrol.com
The market is sitting idle with the Nifty stuck at 6050-level, as the Finance Minister P Chidmabaram presents UPA IIs Vite on Account in Parliament. The Nifty is up 9.45 points at 6057.80.
Feb 17, 2014 at 11:50 | Source: Moneycontrol.com
The CAD in the first half (April-September) of current fiscal narrowed to USD 26.9 billion (3.1 percent), from USD 37.9 billion (4.5 percent) in the first half of 2012-13.
Feb 17, 2014 at 11:00 | Source: Moneycontrol.com
Chidambaram is also likely to highlight the Congress party-led United Progressive Alliance government's achievements and outline the vision for the future. The main budget for the financial year 2014-15 will be presented by the new government that will come into power after the general elections due by May.
Feb 12, 2014 at 12:32 | Source: Moneycontrol.com
In a speech marred by angry protests by lawmakers over the Telangana issue, the Minister, as expected, refrained from any decision on revising passenger or freight fares. After announcing some new trains, the minister largely stuck to presenting the accounts of the previous year and made forecasts for the next financial year.
Feb 12, 2014 at 12:00 | Source: Moneycontrol.com
The market maintained its positive momentum in noon trade supported by oil & gas, banks and technology stocks.