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HindustanTimes Fri,11 Jul 2014

Business

Spendonomics
Good news for salaried class: Budget will give you more money in your hands

An employee
The finance minister raised the exemption limit in personal income tax from Rs. 2 lakh to Rs. 2.5 lakh. He also raised the tax exemption limit for investments to Rs. 1.5 lakh from the current Rs. 1 lakh under Section 80C of the Income Tax Act. FM Arun Jaitley promises higher growth | Full text of speech | Poll: Rate the budget on a scale of 0 to 5

Rs 1,000 monthly pension a reality now

Pension
The minimum monthly pension of Rs. 1,000 under EPS-95 scheme run by retirement fund body EPFO has become a reality and will immediately benefit 28 lakh pensioners who get less than this amount at present.

Arun Jaitley's maiden budget aims for higher economic growth, provides tax breather

Arun Jaitley
FM Arun Jaitley’s maiden Budget on Thursday put more money in the hands of salaried employees, made aspirational goods cheaper for the poor and set up a fund to counter spikes in food prices. Poll: On a scale of 0 to 5, how would you rate Arun Jaitley's budget?

PSU banks stocks down after Budget announcement

Bombay Stock Exchange
Shares of public sector banks declined by as much as 4.3 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.

Tax holiday for power projects extended by another year

Worker3
The government has extended by another year the 10-year tax holiday for the power sector, Finance Minister Arun Jaitley announced on Thursday.

Will Jaitley's first budget bring 'achche din' for you?

Arun Jaitley
No flashy dismantling of woodwork but a gradual hard dribble to the net was how finance minister Arun Jaitley chose to get India’s slowing economy find its goal of higher growth and more jobs. Budget 2014 highlights: Jaitley gives tax relief | Full text budget speech | In pics: Arun Jaitley Modi-fies budget

Finance minister Arun Jaitley presents Modi govt's first budget

Arun Jaitley, Nirmala Sitharaman
Prime Minister Narendra Modi's government presents its first budget shortly amid apprehensions about a dose of 'bitter medicine', which could be administered to revive an ailing economy that has clocked sub-5% growth in two consecutive years. Poll: What do you want from FM Arun Jaitley's maiden budget?

Markets surge, but end in a low after budget fails to excite investors

Bombay Stock Exchange
The benchmark Sensex and Nifty swung wildly on Thursday, but ended lower for the third straight day. Investors took time to understand finance minister Arun Jaitley's maiden Union budget, which promised greener pastures, but held back on big-bang reforms.

Rupee ends largely steady a day ahead of budget

Currency

The rupee ended largely steady on Wednesday as strong dollar sales on hopes of a fiscally prudent budget were offset as shares retreated from record highs to fall for a second consecutive session.

Analysis: FM Jaitley pegs fiscal deficit target at 4.5%

Finance Minister Arun Jaitley said the country will stick to the fiscal deficit target of 4.1% of gross domestic product (GDP) set by the previous government for the year ending March 2015. Jaitley added the fiscal deficit would narrow to 3.6% of GDP by fiscal 2015/16 and to 3 % by 2016/17.

Gold futures rise over 2% after import duty unchanged

Gold
India's most-traded August gold contract extended its gains to as much as 2.2 percent on Thursday after the federal government kept gold import duty unchanged at a record 10% in the budget.

Tata Sons says heard from NTT DoCoMo about sale option in Tata Tele

NTT Docomo
Tata Sons has received formal communication from Japan's NTT DoCoMo Inc about exercising its sale option in Tata Teleservices Ltd, a company spokeswoman said.

Insurance scrips trade mixed after FDI cap hike announcement

Bombay Stock Exchange
Shares of insurance companies saw mixed trends at the BSE after Finance Minister Arun Jaitley on Thursday proposed raising the Foreign Direct Investment (FDI) cap from 26 per cent to 49 per cent.

Defence cos shares slide amid FDI hike

A400M First Delivery Ceremony
Shares of defence equipment makers fell sharply by as much as 10% on Thursday amid finance minister Arun Jaitley raising foreign direct investment in the sector to 49%.

Onion crisis after the best-ever harvest

Onion market
India has produced a record harvest, but many farmers in the onion bowl of Maharashtra have lost a large share of their crop damaged in storage, adding to inflation woes. A doubling in retail prices across major cities is especially troubling for staples such as onions.

Sensex, Nifty close at over 1-week lows ahead of general budget

Bombay Stock Exchange
A day ahead of general budget, the BSE Sensex on Wednesday closed lower by 137 points to over one-week low of 25,444.81 as investors turned cautious on fiscal numbers projected by the Economic Survey 2013-14.
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