The government has tabled Economic Survey 2014-15 in the Lok Sabha. The survey says the economy is overcoming inflation, high deficit.
The government plans to raise its sanitation and drinking water budget by 60 per cent to $2.15 billion, while the child welfare budget will rise by a quarter to $2.68 billion.
With Budget 2015-16 round the corner, CEOs give their wishlist on the most anticipated financial event.
"I intend to begin this process this year by setting up a PDMA which will bring both India's external borrowings and domestic debt under one roof," the minister said.
"The scheme will allow depositors of gold to earn interest in their metal accounts and jewellers to obtain loans in their metal accounts. Banks and other dealers will also be able to monetise gold," FM had said.
Finance Minister Arun Jaitley announced an increase of Rs 70,000 crore in the government's spending on infrastructure, but where will all this money go?
"Without any clarity on the compliance rules and procedures, it will be challenging for them (government) to design the compliance framework for GST," writes Satya Poddar.
With the continuing downslide of inflation, the central and state governments may be looking at falling buoyancy of their tax revenues even in 2015/16, writes DK Srivastava.
Business Today speaks with Minister of State for Finance Jayant Sinha about various aspects of the Union Budget 2015-16.
A vaunted lawyer like Finance Minister Arun Jaitley did not do a stellar job of selling the Budget, even though he did put in much in it.
Former Finance Minister P. Chidambaram ripped apart the Union Budget while speaking on Headlines Today with Rajdeep Sardesai and on Aaj Tak.
Citing the deal with state-owned Life Insurance Corp, Railways Minister Suresh Prabhu said plans were afoot to partner with other units to boost railway infrastructure.
Surjit Bhalla, MD, Oxus Research shares his opinion on Union Budget 2015-16. He says that Budget should be seen in the context of both the economy and other set of policy instruments.
Sumant Sinha, founder-chairman & CEO, RenewPower Ventures says that the Budget should be seen in the long term perspective. He feels the Budget is growth-oriented.
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DK Srivastava, Chief Policy Advisor, EY India, has a mixed reaction to the Budget 2015-16. He says that the ambition of the government is laudable but the direct support that is coming from Central Budget is limited.
Laveesh Bhandari, director and chief economist, Indicus Analytics shares his views on the Union budget 2015-16. He says, that he personally liked the Budget on growth projections, revenue projections and that the figures were based on reality. He also adds that the Budget was successful in creating balance.
The reduction in corporate tax rate from 30 per cent to 25 per cent will boost investor confidence and encourage companies to continue the process of job creation and overall growth.
Acknowledging that there was a rise in the limit last year, RBI governor Raghuram Rajan said benefits of this instrument have been lost as the limit was anchored at Rs 1 lakh for a long time.
Business Today held a Twitter chat with Member of Parliament Rajeev Chandrasekhar where he cleared queries related to Finance Minister Arun Jaitley's maiden full-year Budget.
The plan on regulatory reform for infrastructure and single-window clearances will enable more overseas investment into the sector.





