Union Budget 2015 16

"Collections under the Sovereign Gold Bond scheme reached a new high. The amount realised through the fourth tranche, at around Rs 919 crore, is the highest achieved as yet," the Finance Ministry said in a release.

After kerosene, it is now time for food and fert subsidy reforms

India's food subsidy for 2015-16 was estimated at around Rs 1.24 trillion. The government believes food subsidy savings through DBT will be much higher than that for LPG. To put things into perspective, the government hopes to save Rs 15000 crore in LPG subsidy leakages every year

GST will transform India's fiscal architecture: Sinha

India opened up its economy to the private sector in 1991. The 14th Finance Commission has recommended higher share to the states in central taxes. It suggested to increase shares of states to 42 percent from current 32 percent.

Nifty may open in red on slower core sector growth

The Budget reiterated a gross domestic product (GDP) growth target of 8 percent plus but the economy continues to struggle.

Mahindra & Mahindra sales fall 10% in February

However, exports were up 10 percent at 3,115 units from 2,828 units in the same period a year earlier. Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito stood at 18,103 units compared with 19,308 units in February 2014, down 6 percent.

Excise duty cut boon for footwear industry: Liberty Shoes

Around 33 percent of sales for Liberty Shoes comes from leather footwear above Rs 1000.

Budget 2015 impact: Here's why Phillipcapital is recommending selling ITC now

In an interview to CNBC-TV18, Naveen Kulkarni of Phillipcapital shares his views on ITC after the stock took beating led by excise duty hike on cigarettes in the Union Budget Saturday.

Hike in coke import duty to impact margins: Kalyani Steels

The company may look to import iron ore if global prices correct.

Union Budget 2015: Service tax may now cover coal, spectrum auctions

Sources further tell CNBC-TV18 that the amendments will come into effect after passage of the Finance Bill with government yet to notify the date. The government has also pruned exemptions under the negative list for service tax in an attempt to broaden tax base.

Expect more foreign participation; like pvt banks: Alchemy

Companies related to railways, renewables and infrastructure are also likely to benefit going ahead, said Hiren Ved.

Railways can contribute up to 2% to GDP, says Suresh Prabhu

Prabhu also said that the ministry needs to completely revamp the public-private partnership (PPP) model to make it successful.

Budget 2015-16: To accelerate growth, investments in economy, says Devendra

India Ratings & Research (Ind-Ra) believes that the government through the present budget has mainly been looking at accelerating growth and investments in the economy.

Budget 2015-16: Getting public sector to revive investments, says CRISIL

The budget lays focus on public investments, which will have large spillovers on growth if implemented effectively. Despite pressure on fiscal consolidation, enough room has been created for infrastructure spending through the government‘s own resources and by nudging PSUs to invest more.

Budget pushes government's pro-growth agenda: Angel Broking

The Union Budget for 2015-16 has set the ground for a brighter medium term outlook. The government has taken a conscious decision to revive the investment cycle by mobilising resources towards infrastructure and thereby facilitate growth across sectors.

Union Budget 2015: FM's vision for long-term India growth story, says Microsec

The broader objective of the Budget 2015-16, in a nutshell, is that the Finance Minister has laid down the vision for a long term India growth story by being a facilitator with minimum government and maximum governance.

Union Budget 2015: FM sets ambitious reform agenda, says Aditya Birla Money

the deferment of GAAR by two years, the budget would be received favorably in most quarters of the global investor community. Budget is not very expansionary which will assuage the concerns of the RBI, leading to a likely reducation in the interest rates.

Budget seems to address structural concerns, says Dolat

The introduction of Gold monetising schemes, though good in intent, will be subject to return filters by the investors. We await further clarity on the scheme and if there are any limits to the same.

Budget missed giving investment boost to eco: Nirmal Bang

Capital expenditure of public sector units to be increased by Rs 80,844 crore to Rs 317,889 crore.

Budget seems to be forward looking & progressive: KRChoksey

Overall, the budget seems to be forward looking & progressive with a very clear direction. The government seems to be clear on its intentions to focus on higher investment in infrastructure growth and generating skill based employment.

Swachh Budget...Swachh India: SBICap

The proposed introduction of a gold deposit scheme is a big positive and conservative estimates show that the monetary value of gold deposits mobilized may be at least Rs 1 lakh crore.

Budget lays out platform for quantum moonshot leap: Ventura

In our opinion this budget lays out the platform for a quantum moonshot leap as envisioned by our PM Narendra Modi to take India to a USD 20 trillion economy from the current USD 2 trillion

Budget 2015-16: Balanced between growth & fiscal prudence, says ICICIdirect

NDA‘s first full-fledged Budget was balanced between growth & fiscal prudence and saw a paradigm shift in its thinking to bring ideas of social security for the weaker section.

Budget lays out reasonable roadmap: India Ratings

Ind-Ra believes looking beyond banks to encourage credit delivery is the right move by the government. The new „Mudra Bank‟ for refinancing microfinance institutions and including large NBFCs under the Sarfaesi Act are structural changes that will improve the viability of these growing intermediaries.

Budget focussed on agri, infra, fiscal discipline: CARE

The budget has rightly focussed on 4 key areas – agriculture, infrastructure, manufacture and fiscal discipline, to realise it vision and trajectory for the country‘s economy.

Budget lays out roadmap for accelerating growth: PLilladher

The Budget did not make any big bang announcements, while stressing the need for increasing growth and laying out a roadmap for accelerating growth, enhancing investment and passing the benefit of the growth benefits to the common man.