TOP HEADLINES

Key Highlights of Economic Survey 2014-15

India Infoline News Service  | Mumbai February 27, 2015 13:20 IST

 

India must adhere to the medium-term fiscal deficit target of 3 percent of GDP. This will provide the fiscal space to insure against future shocks and ... Read more

Budget Trivia

“The people of India have decisively voted for a change. The verdict represents the exasperation o... Read more

The FM's speech

My Road map for fiscal consolidation is a fiscal deficit of 3.6% for 2015-16 and 3% for 2016-17. I am conscious of the fact that Iraq crisis is leaving an impact on oil prices and the situation in the middle-east continues to be volatile. In the first Budget of this NDA government that I am presenting before the august House, my aim is to lay down a broad policy indicator of the direction in which we wish to take this country... Read more
 

 

Budget Preview 2015-16

The Union Budget 2016 would be a growth enabler, as well as one that adheres to the path of fiscal consolidation. We believe the Finance Minister will be in a position to balance both objectives of spurring growth and fiscal consolidation, by budgeting for higher divestment of holdings in listed companies, telecom and coal auctions to increase revenue and partly curtailing non-Plan expenditure. ... Read more

 

 

Industry Reaction

Innovative approach, regional favoritism avoided in railway budget

The railway budget is committed towards a holistic, all round overhauling of the existing railway systems and processes.... Read more

Janta Expectation

  • Life for senior citizens is getting increasingly miserable. Our retirement funds lose all meaning given the high cost of living and the current tax rebates and exemptions.
  • Dear FM, please give housing related deductions a closer look. Please increase the limit for interest payments and provide exclusive deduction for principal amounts.
  • The government claims that inflation has come down but almost every purchase barring a few food items hurts our pockets. We want the budget to encourage savings for which it must make section 80 C broad and more accommodating.
  • The government should give a detailed account of the projects unveiled and funds deployed in the last year’s budget. Every year, we hear of a new Yojna but have no clue how far it has progressed in the real sense.
  • Tech start-ups deserve more incentives from the government. On one end, you expect them to fuel the India Growth story and on the other, you leave them crippled with harsh laws that don’t put a premium on innovation.

Janta Reaction

  • no new trains huge disappointment.
  • how will the fund come in for the railway budget ideas that needs to be executed
  • rail ministers have not revealed any detAILS REGARDING THE FUNDS
  • this budget focuses a lot on the passenger lot
  • to have coaches were the handicap people and making wheel chairs available to them is the best idea it will be a great help

Economic Survey 2014-15

A flagship annual document of the Ministry of Finance, Government of India, Economic Survey 2014–15 reviews the developments in the Indian economy over the previous 12 months, summarizes the performance on major development programmes, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. This document is presented to both houses of Parliament during the Budget Session..Read more

 

 

Budget Document

This document contains all the official paper released during Union budget 2015
 
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EXPERT VIEWS

 

Sectoral News

  • Automobile
  • Aviation
  • Banks
  • Oil & Gas
  • Capital Goods
  • FMCG
  • Mining & Mineral
  • Pharmaceuticals
  • Real Estate
  • IT - Software

Performer

Symbol CMP      Chg      Chg (%)
EICHERMOT 15806.4 601.05 3.95
SMLISUZU 1015.3 10.1 1
TVSMOTOR 282 11 4.06

News

Railways Gain, Airlines Lose: Implication of Prabhu's 120-day advance booking window

As a part of railway budget for the next fiscal, Union railway minister Suresh Prabhu announced to make advance booking ...Read more

Performer

Symbol CMP      Chg      Chg (%)
GLOBALVECT 47.75 1.05 2.25
JETAIRWAYS 441.15 2.6 0.59

News

Yes Bank Statement on Economic Survey

Amidst weak corporate balance sheets, the Economic Survey recognizes that the ability of the private sector to drive inv...Read more

Performer

Symbol CMP      Chg      Chg (%)
KOTAKBANK 1337.75 4.4 0.33
INGVYSYABK 950.95 4.8 0.51
HDFCBANK 1054 15.85 1.53

News

Cairn India: Operations of the Company remain unaffected

The Exchange had sought clarification from Cairn India Ltd on February 25, 2015 with respect to the recent media reports...Read more

Performer

Symbol CMP      Chg      Chg (%)
ONGC 324.75 5.4 1.69
SELAN 279.85 1.25 0.44
OIL 502.8 29 6.12

News

Government in talks to raise debt through private and public capital: Suresh Prabhu

This is the first time the ministry has tried to break away from the vicious cycle of introducing new trains while mane...Read more

Performer

Symbol CMP      Chg      Chg (%)
TRIL 190.25 2.5 1.3
ABB 1409.65 25.85 1.87
SIEMENS 1327.7 47.5 3.71

News

Godrej Consumer increases stake in Darling Group to 90%...stock ends flat

Godrej Consumer Products Ltd has announced that the Company has entered into an agreement with the Darling Group.Read more

Performer

Symbol CMP      Chg      Chg (%)
GILLETTE 4185.1 101.8 2.49
HATSUN 315 0 0
PGHH 7003.75 123.45 1.79

Performer

Symbol CMP      Chg      Chg (%)
ORISSAMINE 2921.85 42.9 1.49
IMFA 205.5 0.5 0.24
COALINDIA 395.25 10.9 2.84

Performer

Symbol CMP      Chg      Chg (%)
CELESTIAL 65.85 1.05 1.57
THEMISMED 155 4.4 2.92
GLAXO 3099.95 1.05 0.03

News

Realty stocks closed higher ahead of Budget

Unitech zoomed over 16% at Rs. 21.50. HDIL soared 6 per cent to Rs. 120, and Indiabulls Real Estate rallied 5.5 per cent...Read more

Performer

Symbol CMP      Chg      Chg (%)
SWANENERGY 55.2 0.1 0.18
UNITECH 21.65 3.15 17.03
IBREALEST 82.95 4.3 5.47

News

ManageEngine adds Traffic Shaping, PCI DSS 3.0 compliance

Simplifies controlling network traffic, firewall PCI DSS policies for large enterprise networks.Read more

Performer

Symbol CMP      Chg      Chg (%)
DYNATECH 3.2 0.15 4.92
CIGNITITEC 479.3 1.8 0.38
TAKE 144.4 1.7 1.19

Company Price % Gain
Bank of Baroda 181 5.63
Tata Power Co. 87.3 5.56
UltraTech Cem. 3125.8 4.98
Larsen & Toubro 1758.95 4.82
I D F C 172.2 4.78
 

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Sector Performance

Sector Mcap (Rs.Cr) Up / Down      Chg (%)
IT - Software 11,21,756.67 63.41 / 36.59
Banks 10,93,854.15 40.00 / 60.00
Pharmaceuticals 6,04,726.98 62.03 / 37.97
Refineries 5,22,890.19 75.00 / 25.00
Automobile 5,11,685.87 68.75 / 31.25
Finance 4,97,014.67 59.72 / 40.28
Crude Oil & Natural Gas 4,86,225.46 57.14 / 42.86
FMCG 4,28,665.87 75.86 / 24.14
Mining & Mineral products 3,97,321.39 47.06 / 52.94

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Budget Glossary

AD-VALOREM DUTIES These are the duties determined as a certain percentage of price of the product.

AD-VALOREM DUTIES It is a statement of receipts and expenditure of states for the financial year, presented to Parliament by the government. It is divided into three parts: Consolidated Fund, Contingency Fund and Public Account.