FINANCER

  • Union Budget: Government emphasises on job creation to create millions of jobs 11 hours 47 minutes ago

    New Delhi: With the government putting strong emphasis on job creation, experts on Saturday said measures proposed in the Union Budget can help in creating millions of employment opportunities in the coming years. Global management consultancy Hay Group India Managing Director Nitin Razdan said, "Jobs and hiring in India needs to...
  • Ministry of External Affairs gets 19 per-cent hike in allocation 11 hours 54 minutes ago

    New Delhi: The foreign ministry has seen a good hike of 19 per-cent in its fund allocations in the Union Budget 2015-16 as the main thrust remained towards various development assistance projects implemented by India in neighbouring countries including Bhutan and Afghanistan. While Rs 12,620 crore was given by Finance Minister...
  • Cochin business chamber unhappy as Budget fails to meet demands 12 hours 9 minutes ago

    Kochi: Cochin Chamber of Commerce and Industry has criticised Finance Minister Arun Jaitley for not giving funds for Kerala's crawling public sector industrial units in the Budget on Saturday. However, the body has hailed proposals like announcement on GST and reduction in corporate tax. "Our long-pending demands like AIIMS, Cancer Hospital,...
  • A good Budget with 3-4 forceful directions 12 hours 50 minutes ago

    By Dr Shankar Acharya, Former Chief Economic Adviser to Government of India It is a good Budget. I rate Arun Jaitley's Budget as good. Lot of things he mentioned sounded good. He has also given a forceful direction to 3-4 things. Fiscal consolidation has also been taken into account. I like...
  • Union Budget 2015: It is pro-poor, Opposition has lost it, say NDA ministers 13 hours 53 minutes ago

    New Delhi: Finance Minister Arun Jaitley's Cabinet colleagues have praised him for the Union Budget 2015 calling historical, pro-poor and visionary. Prime Minister Narendra Modi posted half-a-dozen tweets applauding the Budget. "Union Budget 2015 is a Budget with a clear vision. It is a Budget that is progressive, positive, practical, pragmatic...
  • A pro-corporate, anti-poor, disappointing Budget: Opposition 15 hours 3 minutes ago

    New Delhi: On expected lines, Opposition leaders have criticised the Union Budget 2015 presented by Finance Minister Arun Jaitley in Parliament on Saturday, with party president Sonia Gandhi terming it as a "pro-corporate" one. Congress Lok Sabha MP Kamal Nath said this has only been the Budget of commissions, committees and...
  • Finance Minister Arun Jaitley cuts corporate tax rate, keeps individual tax rates unchanged 16 hours 13 minutes ago

    New Delhi: There has been no change in individual tax rates or slabs while corporate tax rate will be cut from 30% to 25% over the next four years. While delivering his first full Budget speech in Parliament on Saturday, Finance Minister Arun Jaitley said individual tax payer will benefit...
  • Government raises farm credit target to Rs 8.5 lakh crore for 2015-16 16 hours 49 minutes ago

    New Delhi: In a bonanza for farmers, the government on Saturday raised agriculture credit target by Rs 50,000 crore to Rs 8.5 lakh crore for 2015-16 fiscal and also announced financial support to enhance irrigation and soil health to achieve higher agriculture productivity. "Farm credit underpins the efforts our hardworking farmers...
  • GDP in 2015-16 to be 8-8.5%; double-digit growth soon, says Arun Jaitley 17 hours 50 minutes ago

    New Delhi: Finance Minister Arun Jaitley on Saturday said growth in the next financial year will rise to 8-8.5 per cent and clock double-digit level in the subsequent years. "Growth in 2015-16 is expected to be between 8-8.5 per cent. Aiming for a double digit rate seems feasible very soon," he...
  • Economic Survey 2014-15: 'Scope for big bang reforms' as growth pegged at 8 per cent for next year Yesterday

    New Delhi: Economic Survey 2014-15, tabled by Finance Minister Arun Jaitley in Parliament on Friday, pegs a growth rate of over 8 per cent for the next financial year while inflation has declined by over 6 percentage points since late 2013. "There is scope for big bang reforms now," said Jaitley...
  • JP Nadda lauds PM, FM on accepting 14th Finance Commission recommendations 3 days ago

    New Delhi: Terming it as "historic", Health Minister JP Nadda on Wednesday lauded Prime Minister Narendra Modi and Finance Minister Arun Jaitley for accepting the recommendation of 14th Finance Commission and said long pending demands of states have been met through this decision. "The decision to accept recommendations of the...
  • Gujarat CM Anandiben Patel welcomes move to hike share in central taxes 3 days ago

    Ahmedabad: Gujarat Chief Minister Anandiben Patel on Wednesday welcomed Prime Minister Narendra Modi's decision to hike states' share in central taxes, by 10 per cent from 32 per cent to 42 per cent. "The decision with far-reaching consequences would make progressive states like Gujarat stronger in their march towards progress,"...
  • 14th Finance Commission recommendations: Nine states, including Bihar and UP lose 3 days ago

    New Delhi: While the Narendra Modi government may be gloating over the 14th Finance Commission's recommendation increasing the share of states in Central taxes to 42 per cent from the current 32 per cent, but the share of nine states has decreased. Andhra Pradesh (including Telangana), Assam, Bihar, Himachal Pradesh, Odisha,...
  • More tax share for states reflects cooperative federalism, says Nirmala Sitharaman 4 days ago

    Terming the decision of the central government to provide states a greater share in its tax revenues as being in the spirit of "cooperative federalism", commerce minister Nirmala Sitharaman said the move would allow states greater freedom to spend as per their needs. "Also the fact that we are putting...
  • Finance Commission for higher share to states in central taxes, Modi says will strengthen federalism 4 days ago

    New Delhi: The Finance Commission has suggested raising share of states in central taxes to 42 per cent from current 32 per cent. As per the increased devolution suggested in the report of the 14th Finance Commission, the states will get Rs 3.48 lakh crore in 2014-15 and Rs 5.26...
  • HSBC sees Budget focusing on public investment-led growth 6 days ago

    Mumbai: Finance Minister Arun Jaitley is likely to earmark higher funds for public investments in the Budget to be presented this weekend, taking advantage from the savings he could mop-up from the steep fall in oil import bill in the past few months, says a report. "We expect the main theme...
  • Arun Jaitley asks bank employee unions to withdraw strike call 1 week ago

    New Delhi: Finance Minister Arun Jaitley on Saturday appealed to bank employee unions to call off their proposed four-day nationwide strike from February 25 as talks are on for a revision of wages of employees. The Minister said banks are already in negotiations with their unions and associations for wage...
  • Lapse by Finance Ministry: Rs 10 notes printed using defective security threads February 20, 2015

    In a huge embarrassment for the previous UPA regime, an internal enquiry report has revealed that during the printing of Indian currency, security features were compromised. The lapses were kept under wraps by senior officials working under the Ministry of Finance. The incident happened in 2012. ...
  • Bullet News: Catch the day's top stories February 19, 2015

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Palki S Upadhyay February 19, 2015

    Catch the day's top stories with Palki S Upadhyay on India @ 9. ...
  • News 360: Bank note goof-up; currency printed using defective security thread February 19, 2015

    In a major security breach that could embarrass the previous Congress-United Progressive Alliance government, an internal enquiry report has revealed that certain security features were allegedly compromised during the printing of Indian currency, and the lapses were kept under wraps by senior officials working under Ministry of Finance. The incident...
  • Major lapses in currency printing kept under wraps, UPA government ignored national security February 19, 2015

    In a major security breach that could embarrass the previous Congress-United Progressive Alliance government, an internal enquiry report has revealed that certain security features were allegedly compromised during the printing of Indian currency, and the lapses were kept under wraps by senior officials working under Ministry of Finance. The incident...
  • Stainless steel makers seek higher custom duty from Finance Ministry February 19, 2015

    New Delhi: Ahead of the budget, stainless steel firms have asked the Finance Ministry to increase customs duty to 25 per cent from 10 per cent at present to safeguard the interest of domestic firms in view of growing imports. "There is an urgent need to control the growing imports and...
  • Delhi elections: To preempt Smriti Irani, BJP declared Kiran Bedi as CM candidate February 18, 2015

    New Delhi: In order to preempt Union HRD Minister Smriti Irani, former IPS officer Kiran Bedi was projected in a huff as the Bharatiya Janata Party's chief ministerial candidate for the February 7 Delhi Assembly elections. According to sources in the RSS, Prime Minister Narendra Modi was in favour of making...
  • Antidumping duty imposed on imports of graphite electrodes February 16, 2015

    New Delhi: The government has imposed an anti-dumping duty of up to USD 922.03 per tonne on imports of a product used in steel plants, a step to protect the domestic industry from below-cost shipments. The Finance Ministry imposed the import duty on a type of graphite electrodes based on...
  • West Bengal Assembly budget session to start from February 19 February 16, 2015

    Kolkata: The Budget Session of the West Bengal Legislative Assembly will begin on February 19 with Governor K N Tripahi addressing the House, while the state budget will be tabled on February 27. Announcing this in Kolkata on Monday, Speaker Biman Banerjee said the session would continue for at least 11...
  • No slowdown in reforms despite Delhi election defeat: Finance Minister Arun Jaitley February 12, 2015

    New Delhi: There will be no slowdown in reforms despite Delhi election defeat, said Finance Minister Arun Jaitley on Thursday. Speaking to mediapersons a couple of days after the severe drubbing the BJP got at the hands of the Aam Aadmi Party (AAP) in the Delhi Assembly elections, Jaitley said the...
  • PM Modi's first visit to NITI Aayog, emphasises need for cooperative federalism February 6, 2015

    New Delhi: In his first visit to the newly-established NITI Aayog on Friday, Prime Minister Narendra Modi emphasised the need for cooperative federalism and favoured healthy competition for development among states. Interacting with eminent economists at NITI Aayog, the Prime Minister PM favoured healthy competition for development among states. He noted...
  • Delhi elections: Nobody better than Kiran Bedi to lead BJP, says Arun Jaitley February 5, 2015

    New Delhi: Finance Minister Arun Jaitley said on Thursday that nobody was better than Kiran Bedi to lead the BJP in Delhi Assembly elections. He also said the main agenda in the campaign is governance versus anarchy. "Nobody was better than Kiran Bedi to lead BJP in Delhi elections....The primary issue...
  • What would Arvind Kejriwal, IRS have done? February 5, 2015

    Some disillusioned members of the AAP have taken up the case of the party's dubious funding. The AAP is a brilliant propagandist. It claims to wear the label of honesty on its sleeves. It disclosed the names of a large number of corporate entities from whom it received donation by...