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2015 Budget

Indian Railways

No Proposal to Hike Rail Fares at Present: MoS for Railways Manoj Sinha

Railway's Sinha said that there are no proposals currently being considered to hike rail fare. He insisted that details would be out only when the Railway Budget is presented in the Parliament. Feb 7, 2015
Indian Prime Minister Narendra Modi

Budget 2015: Modi Chairs Maiden NITI Aayog Meeting, Discusses Economic Policy Formulation with Noted Economists

The maiden NITI Aayog meeting saw discussions between the PM and economists on attracting investment, boosting domestic savings and the condition of agricultural sector and financing infrastructure. Feb 7, 2015
Defence Minister Manohar Parrikar

Defence Production Reforms Will be Ready Soon, Says Parrikar

He says 'proper' laws should be framed for defence projects Feb 6, 2015
Finance Minister Arun Jaitley

Global Bodies Lined up for Funding Infrastructure Development: Arun Jaitley

Arun Jaitley told industrialists that the expected infra boom would witness a combination of funding, which would see significant participation from international bodies. Feb 6, 2015
Raghuram Rajan

Budget 2015: RBI Governor Raghuram Rajan Favours Higher Tax Exemption Limit On Financial Investments

A rise in the limit will improve savings rate Feb 5, 2015
Kamov KA - 52

Russia will Add 200 New Aircraft to Defense Arsenal to Maintain Higher Operational Readiness

With the NATO encroachment reaching Russian borders, the world's largest country has decided to enhance its air superiority by inducting 200 new aircraft, including the Sukhoi Su-35 (Flanker) aircraft and a range of helicopters. Feb 5, 2015
Finance Minister Arun Jaitley

₹80,000 Cr of Unspent Funds at Jaitley's Disposal to Help Limit Fiscal Deficit to 4.1%

The finance minister is expected to use the amount unspent by government agencies to help cover the budget deficit. Feb 4, 2015
ONGC

Modi Gets Cracking on State-Owned Institutions to Spend $19bn Cash Hoard

The Modi government has gone after state-owned entities, sitting on piles of cash, to deploy the asset into capital expenditure and to increase overseas investments. Feb 3, 2015
Dr.Raghuram Rajan, RBI Director

RBI Holds Rate; Says Tracking Govt Fiscal Consolidation and Inflation

The RBI has decided to hold rates steady, at least until the Fiscal Budget to be presented on Feb 28. Instead, it decided to lop off 50 basis points on SLR, which frees us additional funds for banks to increase lending. Feb 3, 2015
Narendra Modi

Budget 2015: Prime Minister's Office Solicits Inputs from Economists

The Prime Minister's Principal Secretary has reached out to economists and help define and design the upcoming Budget Feb 3, 2015
Indian Worker

Budget 2015: Indian Economy to Record 5.5% Growth in 2015, Says Report

A research report sees the Indian economy expanding by 5.5% in 2015, owing to the fall in crude oil prices and interest rates. Jan 30, 2015
Coal being unloaded

Coal India OFS Scrapes Through, Oversubscribed By 1.04 Times Minutes Before Closure

Retain investor segment saw just 42.5% subscription, while non-retail portion was oversubscribed by 1.2 times. Jan 30, 2015
all-efforts-on-to-make-india-open-for-business-jayant-sinha

India Poised to Become $5 Trillion Economy by 2025: Jaitley Deputy

It's a great time to invest in India, according to him. Jan 30, 2015
Workers at a coal loading bay

Coal India: 10% Stake Sale on Friday to Raise ₹24,000 Crore; Shares Slide by 5%

The government has decided to divest almost 10% of its share holding in Coal India, to help mop-up almost ₹24,000 crore to help manage the fiscal deficit at 4.1% Jan 29, 2015
Finance Minister Arun Jaitley

'Everything is Going Well With India' Says Jaitley; Sensex Closes at Record High

The Finance Minister said the fiscal targets are likely to be met for the year and noted that the manufacturing sector is witnessing a turnaround. Jan 27, 2015
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