Feb 28, 2015 at 19:11 | Source: Moneycontrol.com
Thomas John Muthoot, Chairman and Managing Director, Muthoot Fincorp is of the view that all three gold related announcements made by FM in today's budget are towards bringing out the locker gold into the formal system and facilitate transparency in the recycling sector and also reduce the dependency on imports.
Feb 28, 2015 at 19:00 | Source: Moneycontrol.com
Just as the RBI has been 'bullet proofing' the external balance sheet we were hoping that the FM would take steps to do that for the governments balance sheet. In that context the budget was disappointing because it assumes a questionable growth rate, says Arvind Sethi, MD & CEO, TATA Asset Management.
Feb 28, 2015 at 16:50 | Source: Moneycontrol.com
On extending the timeline for the 3 percent fiscal deficit target by one year, Jaitley said sticking to the earlier deadline would have meant having to cut down on public spending to achieve the target.
Feb 28, 2015 at 15:09 | Source: Firstpost.com
While the big ticket investments needed to revive growth have been limited by the need to keep the fiscal deficit roadmap on course, there are major changes in taxation and other areas that are truly reformist.
Feb 28, 2015 at 14:35 | Source: Moneycontrol.com
The FM said that the government wants to raise savings rate to 36 percent of GDP. He said that revenue projections for FY16 is set at 16 percent.
Feb 28, 2015 at 13:56 | Source: Moneycontrol.com
Here is the Budget speech Finance Minister Arun Jaitley delivered in Parliament on February 28, 2015.
Feb 28, 2015 at 13:31 | Source: Moneycontrol.com
Has Jaitley`s second budget lived up to expectations? The answer should be a cautious yes. While the big ticket investments needed to revive growth have been limited by the need to keep the fiscal deficit roadmap on course, there are major changes in taxation and other areas that are truly reformist.
Feb 28, 2015 at 13:20 | Source: Moneycontrol.com
Axis Bank is up 5 percent, follwoed by HUL, Dr Reddy's Labs, GAIL and Tata Motors. Among the losers are ITC, BHEL, NTPC, Tata Power and HDFC.
Feb 28, 2015 at 12:53 | Source: Moneycontrol.com
ITC is down 8 percent as government has increased excise duty by 15 percent. FMCG index is down 4 percent from previous close. NTPC, BHEL, L&T and Hindalco are major losers.
Feb 28, 2015 at 12:44 | Source: Moneycontrol.com
Presenting the Budget for 2015, Arun Jaitley has promised to abolish wealth tax and 2 percent additional surcharge. He also promised to rationalise and remove exemptions for corporates. He has also said that basic rate of corporate tax to be 25 percent for next four years