Weekahead: Muted investor reaction expected for budget
Published on Sunday, March 1, 2015 9:24 PM
** Indian bonds and rupee seen range-bound after 2015/16 budget largely seen as delivering mixed bag. ...
** India's budget seeks an additional year to meet its medium fiscal deficit target in order to allow it to focus on economic growth by ramping up investments.
** Benchmark 10-year bond yield seen in a 7.
Modi passes budget test despite lack of reform dazzle
Published on Sunday, March 1, 2015 3:49 PM
By Frank Jack Daniel and Swati Bhat ...
NEW DELHI/MUMBAI - India's reform-minded prime minister, Narendra Modi, appears to have passed a major test with a budget that pleased economists and investors with pledges to spend more on modernising India's ageing roads and railways while keeping borrowing in che
India Inc cheers corporate tax cut, simpler rules
Published on Sunday, March 1, 2015 9:04 PM
By Sumeet Chatterjee ...
MUMBAI - Indian businesses, recovering from years of sluggish growth, welcomed budget plans on Saturday that will cut the corporate tax rate and introduce a single national goods and services tax (GST) to replace a complex array of local duties.
Executives said measures a
Budget sees $7 billion revenue from telecoms sector in 2016
Published on Sunday, March 1, 2015 8:58 PM
MUMBAI - The government expects revenue of 428.66 billion rupees ($6.95 billion) from the telecoms sector, including from auctions of its airwaves, during the next fiscal year to March 2016, the annual budget showed on Saturday. ...
The government has yet to give details on the spectrum auctions to be held during
Factbox - Corporate winners and losers from India's budget
Published on Sunday, March 1, 2015 8:55 PM
Finance Minister Arun Jaitley on Saturday unveiled a budget that aims to ramp up growth, aided by a slowed pace of fiscal deficit cuts and a raft of tax measures to put ...
Budget "credit neutral" from a ratings perspective - Moody's
Published on Saturday, February 28, 2015 12:17 PM
MUMBAI - Moody's Investors Service said India's 2015/16 budget unveiled on Saturday was "credit neutral," adding the agency would monitor whether the government can fulfill its pledge to meet its fiscal deficit by boosting economic growth. ...
The government on Saturday pushed back the deadline
India vows tough punishments to bring home 'black money'
Published on Saturday, February 28, 2015 4:29 PM
NEW DELHI - India said it plans tougher punishments including jail terms of up to 10 years for those who hide undeclared cash outside the country and for the banks and advisers who help them, as it tries to bring back illicit billions stashed abroad. ...
In his budget address on Saturday, Finance Minister A
Arun Jaitley allocates 331.5 bln rupees for health sector
Published on Saturday, February 28, 2015 4:11 PM
NEW DELHI - India will allocate 331.5 billion Indian rupees ($5.38 billion) to the country's health sector, Finance Minister Arun Jaitley said on Saturday, when presenting the government's full-year budget.
($1 = 61.6489 rupees)
(Reporting by New Delhi bureau)
No big bang, but budget goes for growth, investment
Published on Saturday, February 28, 2015 12:10 PM
By Rajesh Kumar Singh and Malini Menon ...
NEW DELHI - Finance Minister Arun Jaitley on Saturday announced a budget that put boosting growth before painful reforms, slowing the pace of fiscal deficit cuts and seeking to put domestic and foreign capital to work.
In his first full-year budget since