Jaitley stresses fiscal prudence, aims at 7-8 per cent growth

All eyes on the fist big indicator of 'achchhe din'

GN Bureau | July 10, 2014


Budget 2014: Jaitley emphasises on creating a vibrant India
Budget 2014: Jaitley emphasises on creating a vibrant India

Finance minister Arun Jaitley this morning started presenting the NDA government’s first union budget. Here are the highlights from his budget speech:

* Emphasizes on fiscal prudence, need to generate more resources

* Assures to usher in policy regime that will lead to higher growth and low inflation

* Emphasizes on creating a vibrant India

* Says more anti-poverty programmes needed

* Stresses on reviving growth in manufacturing sector, infrastructure

* Says target of 4.1 per cent fiscal deficit is daunting but looks forward to it as a challenge

* FM blames the UPA government for slow decision-making, leading to loss of opportunity

* Says two years of below-5% growth has led to challenges to the economy

* Still, he has hope from the green shoots of recovery seen in global economy

* Looks forward to reining in inflation

* Aims to achieve 7-8 per cent economic growth rate in the next 3-4 years

Also read: the highlights of the budget 2014

 



 

Comments

 

Other News

Food security: Solution lies in traditional food

After spending almost a month among tribals of Mandla in Madhya Pradesh, I can confidently say that by restricting ourselves to Public Distribution System (PDS), we cannot solve the food security issues of the country.   The problem is graver. In a district like Mandla, where aboriginals like Bai

Wholesale price index inflation down

The annual rate of inflation, based on monthly Wholesale Price Index (WPI), stood at 2.60% (provisional) for the month of September, 2017 (over September,2016) as compared to 3.24% (provisional) for the previous month and 1.36% during the corresponding month of the previous year, authorities said.

Digital India to provide 20-30% increase in India’s GDP by 2025: Alphons

Digital India program has the potential to provide an incremental 20-30 percent increase in India’s GDP by 2025. Since its launch in July 2015, significant progress has been made in several initiatives under Digital India, said union minister KJ Alphons. Several of the flagship project

Senior railway officer Achal Khare on the bullet train roadmap

Achal Khare, MD, National High Speed Rail Corporation, is a man with big responsibility – of realising India’s dream of running a bullet train. In conversation with Vishwas Dass, Khare lists various challenges before the NHSRCL – the executing agency of the Ahmedabad-Mumbai high speed

Why bullet trains are unsuitable for India

Many will be surprised to know that 80 years ago, trains ran at a faster speed in North America and Western Europe than in India today. On the shorter distances (up to 500 km), daytime inter-city trains achieved average speed of 120 to 130 kmph, and on the longer routes (more than 1,000 km) speed was only

Biting the bullet train

If all goes well, India’s first high-speed train would zip by in  December 2023. In fact, railways minister Piyush Goyal is even confident that the 508-km Ahmedabad-Mumbai high-speed rail (HSR) project would be completed much before that, by August 2022 – on the country’s 75th indepe



Video

Finally Talwar’s out from Dasna  jail

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter