The Union Budget for 2013-14 aims at ‘higher growth leading to inclusive and sustainable development.’ With this asmool mantra, the Finance Minister Shri P Chidambaram has sought to increase allocation to key areas and provide incentives for investments and savings while containing the fiscal deficit to 4.8% of GDP.Presenting the Union Budget in Parliament today, the Finance Minister expressed the hope that the India would achieve high economic growth despite slowdown in the global economic growth.The Minister said that his government has been...
Thursday, 28 February 2013
Wednesday, 27 February 2013
Indian economy is likely to grow between 6.1% to 6.7% in 2013-14 as the downturn is more or less over and the economy is looking up. Following the slowdown induced by the global financial crisis in 2008-09, the Indian economy responded strongly to fiscal and monetary stimulus and achieved a growth rate of 8.6 per cent and 9.3 per cent respectively in 2009-10 and 2010-11, but due to a combination of both external and domestic factors, the economy decelerated growing at 6.2% and an estimated 5% in 2011-12 and 2012-13 respectively....
Railway Minister Pawan Kumar Bansal has announced the Union Railway Budget for 2013-14 in Parliament. Here are the highlights : ● No increase in passenger fares ● Railways will absorb Rs. 850 crore on account of no hike in passenger fare ● Marginal increase in reservation charges, cancellation charges ● Supplementary charges for superfast trains and tatkal booking ● 26 new passenger trains to be launched ● 67 express trains to be launched ● 9 Electric Multiple Unit (EMU) trains to be introduced ●...
Tuesday, 26 February 2013
Ben Affleck's Iranian hostage drama 'Argo' won the Best Picture Oscar while Ang Lee pulled off a big surprise by taking home the Best Director trophy for 'Life of Pi' at the 85th Academy Awards.British actor Daniel Day-Lewis, 55, scored a historic third Best Actor Oscar for his turn as the 16th US President Abraham Lincoln in Steven Spielberg's civil-war set drama 'Lincoln'.He has become the first actor to win the most number of Best Actor...
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