NEW DELHI (Reuters) - India's government promised higher spending for ailing farms and funds for rural revival in its budget on Friday, but it stuck to fiscal goals and pledged to keep inflation under control ahead of elections due in 2009.
MUMBAI (Reuters) - The Indian cement industry has welcomed the overall thrust on the rural economy in this year's budget but was disappointed as most of their industry-specific demands were not met.
MUMBAI (Reuters) - Indian shares fell 1.4 percent on Friday to their lowest close this week, after the national budget budget failed to cheer investors already shaken by turbulent global markets.
Contrary to volatile stock market reactions, bankers have welcomed the government's farm loan waiver since it will help them to wipe off farm sector non-performing assets (NPAs) they have been saddled with for the past several years. Source: IndiaeNews.com: Business News | 29 Feb 2008 | 11:30 am
Working women and housewives in Ahmedabad welcomed the union budget Finance Minister P. Chidambaram presented Friday, but said it lacked any measures to control the price rise. Source: IndiaeNews.com: Business News | 29 Feb 2008 | 11:30 am
The textile industry has expressed disappointment at the union budget presented Friday, as it was expecting reduction of customs and excise duties on fibres and capital goods, the Confederation of Indian Textile Industry (CITI) said here. Source: IndiaeNews.com: Business News | 29 Feb 2008 | 11:30 am
MUMBAI (Reuters) - International ratings agency Standard & Poor's said on Friday that India's 2008/09 budget was largely in line with expectations and more work needed to be done for upgrading ratings.
Cars and two-wheelers could become cheaper with Finance Minister P. Chidambaram Friday giving excise concessions to the Indian automotive industry in his budget for 2008-09. Source: IndiaeNews.com: Business News | 29 Feb 2008 | 11:00 am
NEW DELHI (Reuters) - India on Friday proposed changing its excise duty structure for sales of petrol and diesel in a budget that failed to cheer the oil sector, which had hoped for wider tax changes and steps to encourage investment.
MUMBAI (Reuters) - India's demand for gold was slack on Friday as the metal powered to new highs on the back of a weak dollar and firm crude oil overseas, giving profit takers a chance to offload holdings, dealers said.
MUMBAI (Reuters) - India needs to do more for fiscal improvement to catch up with its peer group, a senior official at Fitch Ratings said on Friday, after India unveiled its annual budget for the fiscal year that starts in April.
NEW DELHI (Reuters) - India's finance minister, Palaniappan Chidambaram, said on Friday a fiscal deficit target of 2.5 percent of gross domestic product for the year 2008/09 left the government headroom if it needs to borrow extra funds.
MUMBAI (Reuters) - India's 2008/09 budget is balanced in terms of growth and stability, and the borrowing plan for the coming year was in line with central bank estimates, the Reserve Bank of India said on Friday.
The sponsor of Wills Lifestyle India Fashion Week (WIFW), the ITC group, has joined hands with two new fashion institutes to hone budding talents and offer them jobs. Source: IndiaeNews.com: Business News | 29 Feb 2008 | 9:30 am
The national budget for 2008-09 presented by Finance Minister P. Chidambaram Friday has evoked mixed responses in Orissa. Source: IndiaeNews.com: Business News | 29 Feb 2008 | 9:30 am
Finance Minister P. Chidambaram Friday quoted Tamil saint poet Tiruvalluvar in the Lok Sabha to emphasise the need for compassion and righteous rule. Source: IndiaeNews.com: Business News | 29 Feb 2008 | 9:30 am
Hyundai, GM to cut price of small cars Hindu - 3 hours ago New Delhi (PTI): Much to the delight of prospective small car buyers, leading manufacturers Hyundai Motor India and General Motors today said they would slash prices by up to Rs 16000 to pass on benefits from the excise duty cut announced in the Budget ... Car making with HyundaiSify all 10 news articles
The government Friday said that the export target of $160 billion in 2007-08 might not be achieved due to the rising rupee against the dollar in the past year. Source: IndiaeNews.com: Business News | 29 Feb 2008 | 9:02 am
Finance Minister P. Chidambaram got full support from his wife and son, who hailed the national budget for 2008-09 as 'a complete budget' that took care of all sections of society. Source: IndiaeNews.com: Business News | 29 Feb 2008 | 9:02 am
Conservationists and officials have welcomed Finance Minister P. Chidambaram's announcement Friday to allocate Rs.500 million to help the critically endangered tiger. Source: IndiaeNews.com: Business News | 29 Feb 2008 | 9:02 am
A national programme for the elderly with a plan outlay of Rs 400 crore will be started in 2008-09, Finance Minister P Chidambaram announced in Lok Sabha on Friday. Source: Daily News & Analysis: Money News | 29 Feb 2008 | 8:30 am
Bringing cheer to the salaried class, the slabs for personal income tax have been revised with the exemption limit being raised from Rs 1.10 lakh to Rs 1.50 lakh. Source: Daily News & Analysis: Money News | 29 Feb 2008 | 8:23 am
Preity Zinta had met Finance Minister P. Chidambaram a few days before he presented the 2008-09 budget, and had urged him to keep the budget woman-friendly. Source: Daily News & Analysis: Money News | 29 Feb 2008 | 8:20 am
In an election budget that gives largesse to different sections, Finance Minister P Chidambaram on Friday announced a waiver of agricultural loans to the tune of Rs 60,000 crore. Source: Daily News & Analysis: Money News | 29 Feb 2008 | 8:17 am
Finance Minister P Chidambaram said on Friday that the Union Budget for 2008-09 would stimulate investment and consequently growth. Source: Daily News & Analysis: Money News | 29 Feb 2008 | 8:16 am
The Indian industry and investment bankers on Friday gave a thumbs up to the Union Budget, saying Finance Minister P Chidambaram has done a 'fantastic' job. Source: Daily News & Analysis: Money News | 29 Feb 2008 | 8:08 am
Prime objective of the budget is to ensure growth and reasonable price stability, says the Prime Minister. Source: Daily News & Analysis: Money News | 29 Feb 2008 | 8:04 am
The government Friday said it will provide relief to exporters adversely hit by appreciation of the rupee against the dollar, Finance Minister P Chidambaram said. Source: Daily News & Analysis: Money News | 29 Feb 2008 | 7:51 am
Urging maturity on the part of MPs, Chaterjee said, "This cannot be allowed. This is not responsible behaviour." Source: Daily News & Analysis: Money News | 29 Feb 2008 | 7:49 am
Finance Minister P. Chidambaram said while presenting the annual budget in the Lok Sabha Friday that "checking inflation was a priority of the government". Source: Daily News & Analysis: Money News | 29 Feb 2008 | 7:47 am
NEW DELHI (Reuters) - India's wholesale price index rose 4.89 percent in the 12 months to Feb. 16, higher than the previous week's rise of 4.35 percent, government data showed on Friday.
In a clear pointer that the 2008-09 Union Budget would be growth-oriented, the Finance Minister, Mr P. Chidambaram, on Thursday asserted that the Government would continue to provide a conducive investment climate and manage the macro-economy ... Source: Business Line - Home Page | 29 Feb 2008 | 12:00 am
Selloff back on agenda Calcutta Telegraph - 13 hours ago New Delhi, Feb. 28: The economic survey has called for divestment of government stakes in profit-making non-navratnas, auction of loss-making PSUs that cannot be revived, regulated entry of private players in coal mining and sale of old oilfields by ... Winds of change that usher in new hopesFinancial Express all 2 news articles
First, it was Congress President Sonia Gandhi publicly indicating to Finance Minister P Chidambaram the direction she wanted the budget to take ? more for farmers and women. ?? Source: Business Standard | Front Page Headlines | 28 Feb 2008 | 6:47 pm
China`s consumer inflation will hit 6.9 percent in the first quarter of this year, up from 6.6 percent in the fourth quarter of 2007, state media said Thursday, citing a key state think tank. Source: Zee News : Business | 28 Feb 2008 | 1:20 pm
Google, already the world`s most popular spot for finding websites, is aiming to become the go-to place for creating websites too. Source: Zee News : Business | 28 Feb 2008 | 1:20 pm
Brokerage firm Indiabulls Securities Ltd, which was spun-off from flagship Indiabulls Financial Services Ltd last year, is expected to list next month, a senior company official said on Thursday. Source: Zee News : Business | 28 Feb 2008 | 1:20 pm
India is doing excellent work when it comes to policies for creating the right climate for doing business, according to a senior economist of the World Bank. Source: Zee News : Business | 28 Feb 2008 | 1:20 pm
Microsoft Corp.`s big bet on Facebook`s online social network isn`t stopping Chairman Bill Gates from promoting other popular Internet hangouts.
Gates is helping out LinkedIn Corp.`s online professional network by setting up a profile on the service and posing a question to help draw more attention to a makeover of the Web site`s front page. Source: Zee News : Business | 28 Feb 2008 | 1:20 pm
Honda Motor is staying out of the race to develop ultra-cheap cars, hoping motorists in markets like India will pay more for safer, greener vehicles, its president said on Wednesday. Source: Zee News : Business | 28 Feb 2008 | 1:20 pm
