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Mukherjee budget bows to politics

Source: Asia Times Online

New Delhi : India | 5 months ago

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The plunge in Indian stock prices that greeted Finance Minister Pranab Mukherjee's budget on Monday says as much about the inability of market participants to recognize reality before it is thrust in their faces as it does about the dismal content of Mukherjee's budget statement....

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News Stories

The Hindu, India: Minister’s assurance on railway station

News Source: Androscoggin News | 5 months ago

Kozhikode: Railway Minister Mamta Banerjee has agreed to consider the demand to include the Kozhikode railway station in the list of stations to be upgraded to international standards, M.K. Raghavan, MP, told The Hindu over telephone from New Delhi...
The Hindu, India: ‘Rail budget a boon’

News Source: Androscoggin News | 5 months ago

Veerappa Moily has hailed the Railway Budget 2009-10 as a boon to Karnataka as eight new trains and nine new railway lines have been announced and Rs...In a statement, he thanked Railway Minister Mamata Banerjee and Ministers of State for Railways K.
Budget's revenue numbers: Cautious & optimistic

News Source: India Abroad | 5 months ago

For starters, the assumption of nominal (ie real plus inflation) GDP growth of 10.1 per cent for 2009-10 seems on the low side if it is assumed, as Mr Mukherjee said, that the worst of the financial crisis is over. Against this backdrop, the...
Budget failed to show any fiscal prudence: Experts

News Source: Rediff | 5 months ago

They were speaking at a post Budget analysis session organised by the Confederation of Indian Industry in Ahmedabad [ Images ]. Ravindra Dholakia, professor in economics, Indian Institute of Management, Ahmedabad, said, "After a long time, we have a...
Govt will not crowd out corporate borrowing

News Source: Sify News | 5 months ago

RBI has tools to manage govt borrowing "We will plan our borrowing in such a way that the private sector does not suffer from that (huge increase in Government borrowing). The intention is not to crowd out the private sector from the market,"...
Budget 2009: Why markets don't like Pranab babu

News Source: The Economic Times | 5 months ago

This is largely because expectations had run very high that UPA’s first budget would outline a big vision for economic reforms of the kind the markets and foreign investors love. A big PSU divestment road map, further liberalisation of the foreign...