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Union Budget `directionless`, `unfeasible`: Congress

Last Updated: Friday, July 11, 2014, 22:34

Trashing the NDA government`s budget as "directionless" and "unfeasible", Congress today slammed Finance Minister Arun Jaitley for going "overboard on mindless populism".

IIP signals economy on revival path, Budget to help: India Inc

IIP signals economy on revival path, Budget to help: India Inc

Last Updated: Friday, July 11, 2014, 22:16

India Inc Friday said the sharp rise in industrial output in May is a sign the economy is on the road to recovery and expects the rebound to sustain on the back of policy measures unveiled in the maiden budget of the Narendra Modi-led government.

CPI-M youth, student wings to hit streets against budget

Last Updated: Friday, July 11, 2014, 22:03

Accusing the Narendra Modi central government of neglecting West Bengal and trying to please only the corporate world in the general budget, the CPI-M`s student and youth wings announced they would hit the streets in protest.

Nifty tanks below 7,500 as Budget optimism fades

Nifty tanks below 7,500 as Budget optimism fades

Last Updated: Friday, July 11, 2014, 22:03

Massive unwinding in front-line stocks dragged down the benchmark Nifty below the important 7,500 mark Friday, a day after Narendra Modi government unveiled its first budget.

China def spending way ahead of India; 12.5% budget hike at best modest!

China def spending way ahead of India; 12.5% budget hike at best modest!

Last Updated: Friday, July 11, 2014, 21:09

In his maiden budget, Arun Jaitley raised defence allocation by 12.5 percent over the last full budget (2013-14) presented by P Chidambaram in the UPA government. However, this rise in defence expenditure is nowhere close to bridge the gap with China.

Post-Budget day: Sensex fails to hold the uptrend this year

Post-Budget day: Sensex fails to hold the uptrend this year

Last Updated: Friday, July 11, 2014, 20:56

The stock market has closed on a positive note a day after the Budget announcement nine times in the past 13 years. However, on July 11, 2014, a day after when Arun Jaitley has presented his first budget, Sensex hasn’t responded favourably to his pragmatic budget.

'SBI, PNB likely to tap capital market this year'

'SBI, PNB likely to tap capital market this year'

Last Updated: Friday, July 11, 2014, 19:30

Public sector SBI and PNB could be among the first banks to tap capital market this financial year to raise funds to meet global risk norms Basel III, a top finance ministry official said here Friday.

Rail budget an `ill-prepared` document, says Congress in LS

Last Updated: Friday, July 11, 2014, 19:13

Government came under attack in the Lok Sabha over proposals in its maiden Railway budget, with Congress describing it as an "ill-prepared" document containing "wild dreams".

Rail Budget `leak`: RS chairman wants matter to be looked into

Last Updated: Friday, July 11, 2014, 18:50

After Congress members cried foul over "leakage" of Railway Budget to media, Rajya Sabha chairman Hamid Ansari said the matter needs to be looked into to ascertain if norms of official secrecy were infringed upon but rejected Breach of Privilege notices.

Govt faces embarrassment in Lok Sabha in absence of ministers

Last Updated: Friday, July 11, 2014, 18:28

Government faced embarrassment in Lok Sabha due to absence of Railway Minister DV Sadananda Gowda or his deputy when the railway budget was taken up for discussion.

Foreign brokerages hail Budget as growth, reforms-oriented

Last Updated: Friday, July 11, 2014, 17:16

Analysts at foreign brokerages have lauded Finance Minster Arun Jaitley's maiden Budget saying the measures announced will boost growth as it has ushered in the much-needed reforms and has created a conducive investment climate.

Rating agencies say Jaitley's fiscal targets hard to achieve

Rating agencies say Jaitley's fiscal targets hard to achieve

Last Updated: Friday, July 11, 2014, 17:03

Rating agencies on Friday said Finance Minister Arun Jaitley's assumption of containing fiscal deficit at 4.1 percent of GDP is difficult to achieve given the poor outlook on the revenue front and absence of reduction in subsidies.