Economic Survey 2014

  • High tariff needed to make bullet trains viable: Economic survey July 9, 2014

    New Delhi: High tariff and large passenger volumes are required to justify investment in high-speed train projects as these are highly capital intensive in nature, the Economic Survey (ES) has said. Railways has in consultation with state governments selected seven corridors for carrying out pre-feasibility studies for the introduction of high-speed,...
  • Fiscal deficit for 2014-15 projected at 4.5 per cent of GDP: Arun Jaitley July 9, 2014

    New Delhi: Finance Minister Arun Jaitley on Wednesday presented the Economic Survey 2014-15 in the Lok Sabha and pointed towards the worsening Fiscal situation. He said that the fiscal deficit for 2014-15 year is projected at 4.5 per cent of Gross Domestic Product (GDP). He assured that the government will...
  • Bad taxes like cess, surcharge need to go: Economic Survey July 9, 2014

    New Delhi: The complex taxation system needs a revamp through new laws, GST and DTC, as "bad taxes" like surcharges, cess and dividend distribution levy need to "eventually go" so as to boost investments as well as GDP growth, Economic Survey said on Wednesday. Tabled in Parliament a day before the...
  • Interim Budget: Government plans to boost PSU banks, may provide Rs 11,200 crore February 18, 2014

    New Delhi: Finance Minister P Chidambaram on Monday proposed to infuse Rs 11,200 crore in public sector banks to enhance their capital in the next financial year. "In 2014-15, I propose to provide Rs 11,200 crore for capital infusion in public sector banks. They have opened 5,207 branches so far, against...
  • Budget 2014: Full text of P Chidambaram's speech on vote on account February 17, 2014

    Finance Minister P Chidambaram on Monday refuted the allegations of policy paralysis saying the UPA-II has brought schemes and has contained the fiscal deficit. In the UPA-II's last budget before the 2014 Lok Sabha elections, Chidambaram said the UPA-I and UPA-II have delivered above the trend. Even as he announced...
  • Government to loan Rs 4.57 lakh crore to bridge fiscal deficit in 2014-15 February 17, 2014

    New Delhi: The government on Monday pegged its net borrowing for 2014-15 at Rs 4.57 lakh crore, Rs 11,580 crore less than the revised estimates of the current fiscal. "The net market borrowing of the Central Government in 2014-15 is estimated to be Rs 4,57,321 crore," as per the interim Budget...
  • Budget 2014: FM cuts excise duty, woos youngsters, taxes unchanged February 17, 2014

    New Delhi: In an election year, Finance Minister P Chidambaram presented an Interim Budget shorn of rhetoric and stuck to highlighting the Congress-led UPA Government's achievements of the last 10 years. Faced with a massive economic slowdown and staring at prospects of a Congress rout in the Lok Sabha elections,...
  • Budget 2014: Watch P Chidambaram's full speech on vote on account February 17, 2014

    Finance Minister P Chidambaram on Monday refuted the allegations of policy paralysis saying the UPA-II has brought schemes and has contained the fiscal deficit. Chidambaram also announced excise cuts, leading to cars, mobile phones and two-wheelers getting cheaper even as not sops were announced. ...
  • No policy paralysis, Indian economy better placed today: Chidambaram February 17, 2014

    New Delhi: Rejecting arguments of "policy paralysis", Finance Minister P Chidambaram on Monday said the economy is more stable than what it was two years ago following several steps taken by the government and that the growth will be higher in the second half of the fiscal. "Thanks to the numerous...
  • Exchange rate has stabilised: Finance Minister February 17, 2014

    New Delhi: The government on Monday said the Indian currency has fared better than those of other emerging economies and the exchange rate has stabilised. Risks to capital flows were accentuated due to volatile global conditions and the US Federal Reserve's announcement last May of tapering its fiscal stimulus had...
  • Will Telangana protests disrupt Chidambaram's Budget speech? February 17, 2014

    Telangana protests have been rocking the Parliament ever since the second phase of Winter Session began. It needs to be seen if the Finance Minister's Budget speech would be disrupted over Telangana on Monday. ...
  • Budget 2014: As it happened February 17, 2014

    New Delhi: 12:07 pm: Towards the end of his speech, Chidambaram says, "140 million moved out of poverty during UPA-I and UPA-II regime and we are legitimately proud of it." 12:05 pm: Excise duty on mobile handset will be 6 pc on CENVAT credit to encourage domestic production. 12:02 pm: Excise...
  • 2014 Budget is Chidambaram's ninth, one short of Morarji Desai's record February 17, 2014

    New Delhi: This is one annual exercise where Finance Minister P. Chidambaram will be just one behind former prime minister Morarji Desai. One is referring to the national budget, which is called for under Article 112 of the constitution, as an annual financial statement of the government to be laid...