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Profit not bad word, resources needed to service poor: FM

Referring to budget proposals, Finance Minister Arun Jaitley said the government has made efforts to help the middle class save and spend.

Finance Bill expected to be passed by parliament on July 28

The Finance bill, whose passage signals the end of the budgetary exercise, is coming up for discussion in the Lok Sabha on July 24 and 25, Minister of State for Parliamentary Affairs Prakash Javadekar told reporters.

Budget has limited short term impact on power sector: Fitch

The Budget proposals for the power sector are directionally correct but lack specifics to support a meaningful improvement in the short-term, rating agency Fitch said on Wednesday.

Parliament to pass Union Budget before July 31

Racing against time, the budgetary exercise this time will be fast-tracked so as to ensure that the Finance Bill 2014-15 is passed before July 31.

Bihar to keep up eco growth despite centre`s neglect: Nitish Humar

Accusing NDA government of neglecting Bihar in both general budget and Rail budget, senior JD(U) leader Nitish Kumar on Tuesday said the state`s resolve to develop has not been dampened by the Centre`s `indifference`.

Mutual funds seek SEBI intervention on Budget tax proposals

Concerned that some budget proposals may hit the mutual funds hard, industry body AMFI is taking up this matter with SEBI, requesting intervention of the capital markets regulator in this issue.

Budget modestly credit positive for India: Moody's

Rating agency Moody's Monday said the budget 2014-15 has outlined steps to support faster economic growth, but absence of detailed implementation plan makes it modestly credit positive for India.

Budget has no impact on India's sovereign ratings: S&P

S&P is the only of the three major credit agencies to have a "negative" outlook on India.

Budget only beginning, I did whatever I could do: Arun Jaitley

Mr Jaitley, who presented his maiden Budget on July 10, is being criticised, especially by rating agencies, for not repealing the retrospective tax amendment and not providing enough sops for the industry.

Budget has brought clarity in tax policies: FinMin

Government on Saturday said the Budget 2014-15 has brought about clarity in tax policies and it will walk the difficult path to bring growth impulses back into the economy amidst fiscal constraints.

Sensex, Nifty crash post budget announcements

The NSE 50-share Nifty also climbed to an all-time high of 7,808.85 before finishing the week at 7,459.60, showing a dip of 292.00 points or 3.77 percent.

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

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.

Nifty tanks below 7,500 as Budget optimism fades

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

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

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'

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.

Foreign brokerages hail Budget as growth, reforms-oriented

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.

City of London Corporation welcomes Indian Budget

The City of London Corporation has welcomed the maiden budget of the new Indian government, saying that it sends a positive message for international stakeholders for investment in India.

Top NRI entrepreneurs hail Budget as "progressive, pragmatic"

Leading NRI entrepreneurs have hailed India's budget as "progressive, pragmatic and sensible" while suggesting that overseas Indians be treated on equal terms with resident Indians for investments.

Not a 'big bang' Budget but overall tone positive: HSBC

There was no 'big bang' in the Budget but the overall positive tone should keep the country's feel-good factor going, global financial services major HSBC said in a report.