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New Delhi: The Finance Minister, Shri Arun Jaitley has said that adequate provision has been made for the schemes for the poor and disadvantaged in the Budget of 2015-16. Delivering his Budget Speech in the Parliament today, the Finance Minister said that an amount of Rs. 68,968 crore has been …
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India to make development process as green as possible
New Delhi: The Union Finance Minister Shri Arun Jaitley has said that the Government is committed to make development process as green as possible. While presenting the General Budget 2015-16 in Parliament today, the Finance Minister Shri Jaitley stated that our de-facto ‘Carbon Tax’ on most petroleum products compares favourably …
Read More »Corporate Tax to be Reduced and GST to be Implemented
New Delhi: The Finance Minister Shri Arun Jaitley has said that the Corporate Tax Rate is proposed to be reduced from the current 30% to 25% over the next 4 years. In his Budget Speech in the Lok Sabha here today, Shri Jaitley said this is expected to lead to …
Read More »Self Employment and Talent Utilisation (SETU) to be Established
New Delhi: Government has announced the setting up of a Self- Employment and Talent Utilisation (SETU) mechanism. Presenting the General Budget 2015-16 in the Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley stated that SETU will be a Techno-Financial, Incubation and Facilitation Programme to support all aspects …
Read More »Inflation shows a declining trend during the year 2014-15 in India
New Delhi: The year 2014-15 (April-December) witnessed a substantial decline in inflation. According to the Economic Survey 2014-15, the Average Wholesale Price Index (WPI) (base year 2004-05 = 100) inflation declined to 3.4% in 2014-15 (April-December) as compared to an average of 6% during 2013-14. The WPI inflation even breached …
Read More »Services Sector Negotiations at WTO Crucial
New Delhi: India’s dynamic Services Sector clocked double digit growth rate of 10.6 per cent as per the Advance Estimate during the current financial year, as compared to 9.1 per cent in the last fiscal (FY 2013-14). Contributing almost 72.4 per cent of the growth in the GDP, in the …
Read More »Wiping Every Tear from Every Eye: The Jan Dhan Yojana
New Delhi: Both the Central and State Government subsidize the price of wide range of products with the expressed intention of making them affordable for the poor. Rice, wheat, pulses, sugar kerosene, LPG, naptha, water, electricity, diesel, fertilizer, iron ore, railways- these are just a few of the commodities and …
Read More »Delhi-Mumbai Industrial Corridor
New Delhi: The Delhi-Mumbai Industrial Corridor (DMIC) Project is developing seven nodes in the phase-1:- Manesar-Bawal Investment Region, Haryana (402 sq. km.); Dadri-Noida-Ghaziabad Investment Region, Uttar Pradesh (210 sq. km.); Khushkhera-Bhiwadi-Neemrana Investment Region, Rajasthan (165 sq. km.); Pithampur-Dhar-Mhow Investment Region, Madhya Pradesh (372 sq. km.); Ahmedabad-Dholera Investment Region, Gujarat (920 …
Read More »Hyper-Growth in Tech start ups in India
New Delhi: Information Technology (IT) and IT -enabled Services (ITeS) makes up the single largest contributor to India’s Services exports. The Economic Survey 2014-15 says the IT and ITeS sector including Business Process Management (BPM), continues to be one of the largest employers in the country, directly employing nearly 35 …
Read More »Skill Development and Employment are major Challenges: Economic Survey
New Delhi: There is a dual challenge of developing skills and utilizing them in a proper way. The Economic Survey 2014-15 has stated that as per the Labour Bureau Report 2014, the present skilled workforce in India is only 2 percent, which is much lower when compared to the developing …
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