Finance Minister Arun Jaitley presented the Union Budget for the 2014/15 financial year. Outlining the roadmap for fiscal consolidation, Jaitley said the government will retain the fiscal deficit target for 2014-15 at 4.1 per cent of GDP and reduce it further to 3 per cent by 2016-17. Presenting his maiden Budget, the Minister said the prevailing economic situation presents a great challenge and there was a need to introduce fiscal prudence that will lead to fiscal consolidation and discipline.
Gowda said the bullet trains and similar projects would be funded through FDI without putting any burden on the common man.
DTC will introduce an automated fare collection system through electronic ticketing machines and card-readers.
The budget attempts to balance a broad stimulus and capability building agenda.
Sanjay Tandon: Sabka sath, sabka vikas, the budget has taken the country a step forward.
The Authority would be the cornerstone to drive India’s growth in manufacturing and urbanisation sectors: Jaitley.
The Agri-biotech cluster will help aspiring bio-technologists from the city to get employed: Jaitley
Scheme to sensitise people about gender equality in the country received mixed reactions.
The BJP government must remember that people of Bengal will not starve.
The explanatory memorandum in the Budget document explains that often NGOs ask for such relaxation.
The stock markets were undecided through the Budget, but finally closed 72 points down.
Health experts welcomed the hike in taxes.
Contention of foreign investors, is that an increase to 49 per cent is a very limited step and would not encourage foreign investments.
The emphasis on infrastructure will spur the economy.
The party also “reminded” Finance Minister of his promise of a slew of measures to check price rise and inflation.
The channel will air content on how food goes through the processing and supply chain.
With food volatility a big concern, Centre sets up price stabilisation and agri-infrastructure funds.