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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: Govt sanctions Rs 13.11 cr for overseas tax offices

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.

Jewellery sector expresses disappointment with Union Budget

The gems and jewellery industry which had sought reduction in the gold import duty as well as abolition of the stringent "80:20 norms", expressed its disappointment with Union Budget.

Union Budget 2014-15: Bankers welcome Budget, say it ushers in growth environment

Bankers on Thursday hailed Finance Minister Arun Jaitley's maiden budget, saying it would create an enabling environment for future growth.

Union Budget 2014-15: Govt allows manufacturers to retail on e-commerce platforms

Finance Secretary Arvind Mayaram said the move is not about allowing foreign retailers to sell items online, but to encourage domestic manufacturing.

Union Budget 2014-15: Govt will not rely on retro tax amendment, says Jaitley

"Will this government rely on retrospective tax legislation. My answer is no."

Union Budget 2014-15: Industry hails infra reforms announcements in Budget

Earnest & Young's Tax Partner-Infrastructure Practice, Samir Kanabar said Budget 2014 has showered much awaited reforms in infrastructure sector.

Union Budget 2014-15: Govt, RBI to devise modern monetary policy framework

With prices staying at stubbornly high level, the government and the RBI on Thursday agreed to devise a modern monetary policy framework with clear inflation targeting.

Union Budget 2014-15: Agri industry gives mixed reaction to Budget

The Budget's proposals to boost irrigation, agri-research and food processing have been received well by the industry.

Union Budget 2014-15: Industry captains hail Modi govt's first Budget

Industry players said it sets the tone for attaining higher growth trajectory, job creation and attracting investments for an economy grappling with multiple challenges.

Union Budget 2014-15: Proposals in infra, manufacturing to boost auto sector

Given the condition of the economy, the direction given in the budget is a positive one and the call for fiscal prudence is a welcome move.

Budget 2014-15 boost for MSME sector

Finance Minister Arun Jaitley Thursday announced measures for the development of micro, small and medium enterprises (MSMEs), while allocating a sum of Rs.10,000 crore for start-up companies in his maiden budget presented to parliament.

Energy sector gains much needed focus in Budget 2014-15

Unveiling the Union Budget 2014-15, Finance Minister Arun Jaitley on Thursday announced several initiatives for the energy sector.

Union Budget 2014-15: Govt focus on modernization of police forces

The Modi government on Thursday announced to increase the allocation for modernisation of state police forces from the current Rs 1,847 crore to Rs 3,000 crore.

Budget 2014-15: Skill India programme bonanza for youth

In order to prepare the youth for employment opportunities, the government on Thursday announced the launch of a national multi-skill programme called Skill India.

Union Budget 2014-15: Sanitation in all households by 2019

Finance Minister Arun Jaitley on Thursday told Parliament that his government aims to provide sanitation in all houses by 2019 - the 150th year of the birth anniversary of Mahatma Gandhi.

Modi govt brings back Kisan Vikas Patra

Finance Minister Arun Jaitley on Thursday announced in the Union Budget 2014-15 that his government will reintroduce the highly-popular Kisan Vikas Patra (KVP).

Govt emphasis on job creation to create 5-8 mn jobs in 3-4 yrs

With the government putting strong emphasis on job creation, experts Thursday said measures proposed in the union budget can help create 5-8 million jobs in next 3-4 years across various sectors.

'Strict mechanism being put in place to control coal quality'

Adequate coal will be provided to power plants as extensive measures to augment domestic output and a strict mechanism to control the fuel quality are being put in place to end the impasse in the sector, the government said Thursday.

Budget 'anti-poor' and a 'disappointment': Cong leads opp fire

Opposition parties on Thursday termed Narendra Modi government's maiden budget a "disappointment" and an "anti-poor" exercise which can "benefit only the rich".