HindustanTimes Sun,23 Nov 2014

Build-up to budget

No poetry, no humour and a few anxious moments

Perhaps you need monsoon rains in abundance to get a finance minister to lapse into poetry. Arun Jaitley's maiden Budget on Thursday was long on substance and detail, and short on the frills and style that usually lend lighter moments to the annual financial exercise.

Jaitley feels uncomfortable, budget speech halted briefly

Perhaps for the first time, the presentation of Union Budget in the Lok Sabha was halted briefly on Thursday as finance minister Arun Jaitley felt uncomfortable while reading out his speech and wanted to take a break.

100 crore club: Jaitley bats out centuries this budget

As Arun Jaitley began reading out the budget for financial year 2014-2015, we couldn't help but notice a certain template in the fund allocation. In short, we present you the 100 crore club.

Despite youth edge, India loses out to S-E Asia rivals

India will quickly squander its enviable “demographic dividend” — or its sizable working-age population — if it doesn’t create enough jobs, the economic survey said.

Outdated workplace laws for women crippling growth

India needs to vehemently go for labour reforms if it wants growth and large-scale employment generation, the economic survey tabled by finance minister Arun Jaitely in the Parliament on Wednesday said.

GST to be big milestone for tax reform, govt revenue

Implementation of the long-pending GST will be a a key milestone for the economic reform process as it would improve tax administration and increase the resource raising potentials of the state governments.

Jaitley's big test: How to make jobs grow, keep prices low

Finance minister Arun Jaitley, set to present his maiden budget, has the difficult job of juggling long-term economic reforms, which might involve some bitter fiscal pills, with PM Modi’s electoral promise of good days to a country that added only 15 million jobs during 2005-12. Poll: What do you want from FM Arun Jaitley's maiden budget?

Govt maange more from job, health schemes

Highlighting the social sector’s tainted past of high expenditure and poor outcome, the economic survey has sought revamp of Centre’s flagship programmes for providing jobs, health and educational security to ensure better delivery and effective utilisation of funds.

Before budget, FM calls on Manmohan Singh

While finance ministry sources called the meeting at Singh’s 3, Motilal Nehru Place residence a 'mere courtesy call with no discussion on either the Indian economy or the budget', this is the second recent occasion when Jaitley spent time with the ex-PM.

Govt mulls ‘use it or lose it’ land policy, digital speed

In keeping with the new government’s thrust on information technology, the Economic Survey has advocated the use of a combination of Internet and self-certification for fast-tracking decision making, as a short-term measure to improve India’s business environment.

Push for defence FDI, sops to boost industrial zones

The Economic Survey stressed the need to revive private investments by opening up sectors such as defence to foreign direct investment, removing infrastructural bottlenecks by permitting commercial coal mining and making land acquisition simpler and ushering in structural changes to to help industry move up the value chain.

Fast-track reforms, quick policy decisions key for services growth

The report pointed out that the country’s services sector that include IT-ITeS, shipping, ports, railways, tourism, hotels and restaurants among others had been growing at a steady rate of over 10% since 2005-06, but has shown 'subdued performance' in the last three years.

Poverty declines, but human development indicators are a drag

The number of poor may have declined but human development indices remain a key issue that India needs to address urgently, the Economic Survey said.

Policy design flaws, clearance delays stymie infrastructure investments

Calling for an immediate intervention, the Economic Survey for 2013-14 has noted that the core sector investment in India has been hit due to design flaws in policies and delays in 110 central infrastructure projects, which has caused cost overruns in excess of rs 1.57 lakh crore.

Top 10 budgets over the years and the finance ministers behind them

As India closes in on Union Budget 2014 and all eyes focus on Arun Jaitley, we take a quick look at the top ten budgets that made history, and the finance ministers who propelled them.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10

Copyright © 2014 HT Media Limited. All Rights Reserved