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'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.

No official estimate on black money, says Jaitley

No official estimate on black money, says Jaitley

Last Updated: Friday, July 11, 2014, 19:26

Finance Minister Arun Jaitley on Friday said there is no official estimate on black money and a study commissioned by the government to ascertain the amount are yet to be completed.

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.

Top NRI entrepreneurs hail Budget as "progressive, pragmatic"

Last Updated: Friday, July 11, 2014, 15:13

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.

Curbs on gold import can go after situation improves: Jaitley

Curbs on gold import can go after situation improves: Jaitley

Last Updated: Friday, July 11, 2014, 14:41

The government will consider relaxing curbs on gold import once the fiscal situation becomes more comfortable, Finance Minister Arun Jaitley said.

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

Last Updated: Friday, July 11, 2014, 14:39

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.

Budget 2014: Govt allocates Rs 8.93 crore for SIT on black money

Last Updated: Friday, July 11, 2014, 14:33

Government has sanctioned a budget of Rs 8.93 crore for the infrastructure and logistical requirements of the Special Investigation Team (SIT) set up to combat the menace of black money in the country.

Budget: Govt sanctions Rs 13.11 cr for overseas tax offices

Last Updated: Friday, July 11, 2014, 14:20

Government has sanctioned an amount of Rs 13.11 crore for the expenditure of ten Income Tax Overseas Units (ITOUs), created to curb offshore tax evasion and promote foreign investment, in countries like Germany, USA and France.

Ban-hit Goa mining industry sees ray of hope in Budget

Last Updated: Friday, July 11, 2014, 14:04

Goa's beleaguered mining industry on Thursday said certain proposals in the Union Budget are expected to help the resumption of iron ore extraction, which had been stalled in the State since the last two years.

Budget Impact: Free drugs, diagnosis to ensure 'Health for All' priority

Last Updated: Friday, July 11, 2014, 14:03

Aiming to ensure "Health for All," government on Thursday promised to take up on priority initiatives like providing free drugs and diagnostic services besides earmarking Rs 500 crore to set up four more AIIMS-like institutes and earmarked Rs 39,237.82 crore for the sector.

Black money a curse of economy, says Jaitley

Last Updated: Friday, July 11, 2014, 14:00

The Finance Ministry has already constituted a Special Investigation Team (SIT) under the chairmanship of former Supreme Court judge Justice M B Shah.

PF trusts without regular exemption may come under tax net

Last Updated: Friday, July 11, 2014, 13:59

There are 3,621 private PF trusts which are regulated by EPFO.