Industry bodies hails General Budget as growth oriented

Industry bodies have hailed the General Budget as growth oriented and progressive as the Director General of CII Chandrajit Banerjee said the budget continues to focus on important measures initiated by the government and is focused on both consumption and investment demand. Mr. Banerjee also said t...

Stock markets gives rousing cheer to Union Budget

The stock markets gave a rousing cheer to the Union Budget and Sensex at the Bombay Stock Exchange shot up a huge 486 points, or 1(point)8 percent, to an over 3-month closing of 28,142.The Nifty at the National Stock Exchange surged 155 points, to 8,716.And at the forex market, the rupee posted its ...

Industry bodies hails General Budget as growth oriented, progressive

Industry bodies have hailed the General Budget as growth oriented and progressive. Director General of CII Chandrajit Banerjee said the budget continues to focus on important measures initiated by the government and is focused on both consumption and investment demand. Mr. Banerjee also said the fis...

Stock markets gives rousing cheer to Union Budget

The stock markets gave a rousing cheer to the Union Budget and Sensex at the Bombay Stock Exchange shot up a huge 486 points, or 1.8 percent, to an over 3-month closing of 28,142. The Nifty at the National Stock Exchange surged 155 points, to 8,716.And at the forex market, the rupee posted its bigge...

Fiscal deficit reaches 94% of the budget estimate

Fiscal deficit in the first nine months of 2016-17 touched 93(point)9 per cent of the Budget estimate. The fiscal deficit had stood at 87(point)9 per cent in the corresponding nine months a year ago. The fiscal deficit is the gap between expenditure and revenue. According to data released by the Con...

Economic Survey pegs India's growth at 6.75-7.5% next fiscal

India Economic Survey backs Universal Basic Income

The Economic Survey 2016-17 tabled in Parliament today has advocated for the concept of Universal Basic Income (UBI) as an alternative to the various social welfare schemes in an effort to reduce poverty. The survey suggests that a more efficient way to help the poor will be to provide them resource...

Economic Survey 2017 tabled in Parliament

The Economic Survey 2016-17 tabled in Parliament today has advocated the concept of Universal Basic Income (UBI) as an alternative to the various social welfare schemes in an effort to reduce poverty. The survey suggests that a more efficient way to help the poor will be to provide them resources di...

Fiscal deficit reaches 94% of the budget estimate

Fiscal deficit in the first nine months of 2016-17 touched 93.9 per cent of the Budget estimate. The fiscal deficit had stood at 87.9 per cent in the corresponding nine months a year ago. The fiscal deficit is the gap between expenditure and revenue. According to data released by the Controller Gene...

India's forex reserves soar by $ 932.4 million to $ 360.775 billion