HOPE

  • Kolkata slum children to get 'Santa' gifts this Durga Puja September 22, 2014

    Kolkata: In a unique initiative during the Durga Puja festivities, the 'Have Nots' will be showered with gifts by the privileged to make true the axiom "Joy shared Joy Doubled." Called 'Daan Utsav' (the festival of giving) the week will be Kolkata's contribution to the National Philanthropic Movement where 2,500...
  • Recapitalisation of PSU banks is on high priority: Arun Jaitley July 19, 2014

    New Delhi: Finance Minister Arun Jaitley on Saturday said recapitalisation to the tune of Rs 2.4 lakh crore in public sector banks to meet Basel III norms is a 'high priority' item for the government. "We suggested proposal for recapitalising of public sector banks over the next four years...the government is...
  • Budget modestly credit positive for India: Moody's July 14, 2014

    New Delhi: Rating agency Moody's on Monday said the budget 201415 has outlined steps to support faster economic growth, but absence of detailed implementation plan makes it modestly credit positive for India. "Unless the budget is followed by a more specific implementation plan, as well as additional measures to address macroeconomic...
  • S&P says budget has no impact on India's sovereign ratings July 14, 2014

    Mumbai: Standard & Poor's said that the budget would not have an impact on India's sovereign ratings until the agency could see how the measures will be implemented, especially regarding meeting the fiscal deficit target. Finance Minister Arun Jaitley said last week that India would stick to the fiscal deficit target...
  • Budget 2014: Economic growth targeted, says Adi Godrej July 11, 2014

    Reacting to the Narendra Modi government's first budget, Godrej group chairman Adi Godrej said, "I think the middle class has been catered to very strongly in this budget. Not that the other consumers in India have been totally left out but it is certainly the budget which has been particularly...
  • Budget 2014: Is the neo middle class the new aam aadmi? July 11, 2014

    Prime Minister Narendra Modi on Thursday said that the Budget will convert hopes and aspirations of the people into trust and will give a new ray of hope for the poor and downtrodden. Finance Minister Arun Jaitley tabled the Modi government's first Budget in Parliament. ...
  • Despite no Budget sops, gold zooms on buying; silver also up July 10, 2014

    Mumbai: Gold rose sharply and reclaimed the key Rs 28,000 per 10 grams mark at the bullion market on Thursday on emergence of frantic buying by stockists and speculators amid strong global sentiment. Silver too surged and closed above the Rs 46,000 per kg level on the back of heavy industrial...
  • Axe the Tax impact: Exemption limits hiked in Budget 2014 July 10, 2014

    While announcing the Narendra Modi government's first Budget, Finance Minister Arun Jaitley reacted to CNNIBN's Axe the Tax campaign and increased the exemption limit on income to Rs 2.50 lakh from the current Rs 2 lakh. ...
  • Rate the Budget 2014: How does it impact your wallet? July 10, 2014

    Finance Minister Arun Jaitley on Thursday presented his maiden budget. There was some good news for individual tax payers under the age of 60 years as Finance Minister increased the exemption limit on income to Rs 2.50 lakh from the current Rs 2 lakh. CNNIBN discusses panel of experts that...
  • Government, RBI to devise modern monetary policy framework July 10, 2014

    New Delhi/Chennai: 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. The tone for inflation targeting was set by Finance Minister Arun Jaitley in his budget speech when he stressed on a modern monetary...
  • At Rs 6,000crore, Modi government grants 50 pc jump in ISRO budget July 10, 2014

    New Delhi: In a major boost for India's space programme, the Narendra Modi government has earmarked Rs 6,000 crore for ISRO in its maiden budget, which is a whopping 50 per cent jump in the agency's funding over last year. In 201314, although the Department of Space was initially given Rs...
  • Andhra Pradesh CM praises Union Budget as growth and development oriented July 10, 2014

    Hyderabad: Andhra Pradesh Chief Minister N Chandrababu Naidu on Thursday termed the Union Budget as "growth and development oriented" and hailed the priority accorded to infrastructure building. "The Union Budget, presented by Finance Minister Arun Jaitley, denotes a positive trend. It is growth and development oriented. Top priority has been accorded...
  • Jewellery sector expresses disappointment with Union Budget July 10, 2014

    Mumbai: 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 on Thursday. "The entire industry was waiting for a positive turn of events but was let down by the government in...
  • Mutual Fund industry says Budget a mixed bag July 10, 2014

    Mumbai: The mutual fund industry on Thursday welcomed the Budget proposal to increase the tax exemption limit under section 80C of the Income Tax Act to Rs 1.5 lakh, but said other measures were a mixed bag. "The additional exemption under 80C will provide a limited window for tax exemption eligible...
  • Standard & Poor on Budget: Steps in right direction but short on details July 10, 2014

    Mumbai: Global rating agency Standard & Poor's Ratings Services lauded fiscal consolidation steps announced in Budget that will benefit the credit fundamentals, but pointed out that it will have no immediate impact on the sovereign credit rating, as the Budget is short on details. "The Budget has no immediate impact on...
  • Ministry of Minority Affairs gets higher outlay in budget July 10, 2014

    New Delhi: The budget of BJPled NDA government on Thursday announced a higher outlay of Rs 3,734.01 crore for the Ministry of Minority Affairs and announced schemes for skill upgradation of minorities and Rs 100crore for modernisation of madrasas. The outlay of the Ministry of Minority Affairs in the union budget...
  • Budget & You: Tax experts answer your queries July 10, 2014

    Finance Minister Arun Jaitley on Thursday presented his maiden national budget for the government. There is some good news for individual tax payers under the age of 60 years as Finance Minister increased the exemption limit on income to Rs 2.50 lakh from the current Rs 2 lakh. CNNIBN with...
  • Industry hails infrastructure reforms announcements in budget July 10, 2014

    New Delhi: Narendra Modi's maiden budget has paved way for infrastructure reforms and has created a sense of confidence among investors, who are awaiting removal of structural bottlenecks in projects, industry analysts and India Inc on Thursday said hailing announcements. "The government has laid special focus on development of critical infrastructure...
  • Government to continue Aadhaar, provides Rs 2,000 Cr for it in 201415 July 10, 2014

    New Delhi: Giving indications that the new government is likely to continue Aadhaar enrollments, a sum of Rs 2,039 crore has been provided in the budget for the Unique Identification Project in the current fiscal. "A sum of Rs 2,039.64 crore has been provided for 201415 to execute the task of...
  • It is a holistic budget, says Delhi BJP president Satish Upadhyay July 10, 2014

    New Delhi: Delhi BJP on Thursday termed as holistic the general budget presented by Finance Minister Arun Jaitely and said it was a foundation of good days ahead. "This Budget has taken care of the needs of both the urban and the rural areas. The middle class and the poor will...
  • Budget has addressed all concerns I raised with FM: Piyush Goyal July 10, 2014

    Arun Jaitley's Budget has addressed all the concerns that I had raised with him, Power Minister Piyush Goyal said in an interview to CNBCTV18. Sharing views on the proposals made in the Budget, Goyal said that Rs 10,000 crore fund for entrepreneurship is an innovative idea of Prime Minister. ...
  • Watch: Politicians, Opposition talk about Budget 2014 July 10, 2014

    Finance Minister Arun Jaitley on Thursday presented his maiden national budget for the government. He expressed concerns over economic slowdown while promising steps to ensure a course correction with bold measures. CNNIBN speaks to some politicians from different parties and takes their views over the Narendra Modi's maiden Budget. ...
  • UPA imprint all over, CongressMukt Budget not possible: ExFM July 10, 2014

    New Delhi: Former Minister P Chidambaram on Thursday said imprint of the UPA Government's policy can be seen in the Budget presented by Arun Jaitley, adding it is not possible to come out with a "Congress Mukt Budget". "Welcome to the real world...BJP sought a mandate for Congress Mukt Bharat. My...
  • Union budget hikes allocation for Delhi Police July 10, 2014

    New Delhi: Delhi Police will get Rs 4653.19 crore for the next fiscal under the union budget, an increase of nearly Rs 400 crore from the last budget, aimed at sprucing up training of its personnel and traffic infrastructure. The highlights include an increase of Rs seven crore for the installation...
  • Budget 2014: Main objective is to revive the economy, says Arun Jaitley July 10, 2014

    In his first post Budget interview to Lok Sabha TV, Finance Minister Arun Jaitley said, "Hope this budget leads to a revival of the economy without burdening the common man." ...
  • Shares of PSU banks fall on Budget announcements July 10, 2014

    Mumbai: Shares of public sector banks declined as much as two per cent after Finance Minister Arun Jaitley on Thursday said the lenders would require Rs 2.40 lakh crore capital by 2018 to meet global Basel III norms. SBI ended 1.31 per cent lower, Allahabad Bank dropped 1.81 per cent and...
  • Growth, investment dominate Jaitley's Budget speech July 10, 2014

    New Delhi: When it comes to usage of words in budget speech, terms like growth, investment, youth, infrastructure, jobs and skills topped the charts when Finance Minister Arun Jaitley presented his maiden Union Budget on Thursday. During his over twohourlong speech, Jaitley referred to the term 'growth' for at least 31...
  • Budget 2014: Directions set up and reiteration on the fiscal consolidation,says C Rangarajan July 10, 2014

    Former chairman of the Economic Advisory Council to the Prime Minister, C Rangarajan said that the directions set in the budget are appropriate and welcome. "I think the reiteration on the fiscal consolidation is particularly welcome but whether we will be able to get 4.1 per cent is not very...
  • Budget 2014 earmarks Rs 6,500 crore equity infusion for Air India July 10, 2014

    New Delhi: The government on Thursday allocated Rs 9,474 crore to the Civil Aviation Ministry, out of which an equity infusion of Rs 6,500 crore was earmarked for Air India. Overall, the government has allocated Rs 9,474 crore for the ministry including investments in public...
  • Budget 2014: Earlier infrastructure investment a bad word, says Deepak Parekh July 10, 2014

    According to the Modi government first Budget, the government has promised them concessions in CRR etc. HDFC Chairman Deepak Parekh said that the earlier infrastructure investment was a bad word, now the banks can lend money to infrastructure. ...