Brazil, world’s seventh-largest economy, contracted sharply in 2015 (around 3.8%) as businesses slashed investment plans and laid off more than 1.5 million workers setting the stage for country’s worst recession on record. This was due partly to low commodity prices and sluggish global growth.
A day after Union Budget 2016-17 was announced, the 30-scrip Sensitive Index (Sensex), on Tuesday surged up 777.35 points and closed at 23,779.35. National Stock Exchange (NSE) also gained more than 3%.The rupee rallied, rising to 67.86 per dollar, while bond yields inched lower for third consecutive day.
Union Budget has been tabled by finance Minister Arun Jaitley in Loksabha. Main points in the budget are Krishi Kalyan cess to be imposed on all taxable services for agricultural sector. Service charge exemption for National Pension and EPFO. Income Tax surcharge for those who have an income over 1 crore. No change in Income Tax […]
Union Budget for the fiscal 2016 -17 is presenting today in parliament. Finance Minister Arun Jaitley faces a tough task of balancing the needs of farm sector as well as the industry when he presents his Budget. Rising rural distress because of droughts have put considerable pressure on the Finance Minister to spend more on […]
In his Budget speech, Railway Minister Suresh Prabhu on Thursday announced the Thiruvananthapuram – Chengannur suburban train service. Suburban Rail Project will be implemented with the cooperation of Kerala government and merely half of the project cost to be raised by the state government.
Rail Budget for the year 2016-17 has been tabled by Railway Minister Suresh Prabhu. Even though railway is facing financial crisis, hike in rail fares has been avoided in the budget. MoS Railways, Manoj Sinha said that the Rail Budget will transform Indian Railways.
The rail budget 2016 to be presented by Railway Minister Suresh Prabhu on Thursday, may include a slew of measures to ensure quality travel including expansion of e-catering to all important stations beyond the 42 already covered and in more trains. Budget is expected to focus on capacity creation in the rail sector with an […]
The first phase of Kerala’s dream SmartCity project, including 6.5 lakh sq ft IT tower overlooking a 300 meter waterfront area, was inaugurated by Chief Minister Oommen Chandy in the presence of top leaders of Kerala and UAE on Saturday. The launch of the 4.7 million sq ft Phase II was also performed simultaneously. It […]
India suffers from many social as well as economic challenges. Perhaps the most important of them is the youth unemployment. It is expected that Make in India may tackle unemployment puzzle. In 2014, youth unemployment rate was 18.1% and it reduced to 12.9% in 2013. Considering the population, 12.9% means around 13 crore youths are […]
Global share markets plunge amid economic worries and low crude oil price. Major share markets in US, Europe and Asia posted sharp declines amid continued worries about oil prices and over the strength of the global economy.