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New Delhi, Feb 27  
Amitabh buys 1.5 lakh shares in Fineotex Chemicals; raises stake to 5.58%
Bollywood actor Amitabh Bachchan has raised his stake in chemicals firm Fineotex Chemicals to 5.58 per cent.Bachchan acquired 1.5 lakh shares equivalent to 0.67 per cent of the company’s to... »
Kochi, Feb 27  
Sreesanth was attacked in Tihar jail: Family
In a sensational claim, noted Malayalam singer Madhu Balakrishnan today said his brother-in-law and cricketer S Sreesanth survived a murder attempt in Tihar jail where he was lodged in connection... »
New Delhi, Feb 25  
I will not contest any more elections: Deve Gowda
Former Prime Minister H D Deve Gowda on Wednesday said in Lok Sabha that he will not contest any election in future.“...I am not going to contest any more elections,” the 82-year old leader... »

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Economic Survey 2014-15 highlights

  • Following are the highlights of Economic Survey 2014-15 presented by Finance Minister Arun Jaitley in Parliament today
  • GDP growth seen at 8.1–8.5 per cent in 2015-16
  • Double digit growth trajectory; 8–10 per cent GDP in coming years
  • Inflation shows declining trend during April-December
  • Current Account Deficit (CAD) to decline to about 1 per cent in 2015-16
  • To adhere to fiscal deficit target of 4.1 per cent of GDP; to aim for 3 per cent
  • Committed to fiscal consolidation; to enhance revenue generation
  • More reforms on anvil; Goods and Services Tax, expanding direct benefit transfers to be game-changers
  • Foodgrains production for 2014-15 estimated at 257.07 million tonnes; will exceed last 5-year average by 8.5 million tonnes
  • NITI Aayog, 14th Finance Commission to enhance fiscal federalism
  • External Sector returning to strength, resilience
  • Need balance between ‘Make in India’ and ‘Skilling India’
  • Services sector negotiations at WTO crucial for India in removing many market access barriers
  • Revitalise PPP model to revive investment
  • Manufacturing and services equally important for growth
  • Consumer inflation in 2015-16 to be between 5-5.5%
  • Lower inflation opens up space for more monetary easing
  • There is scope for big bang reforms
  • Labour, capital, land, market reform and skills to be engines of growth
  • JAM Trinity — Jan Dhan Yojana, Aadhaar, Mobile — to help transfer of funds to poor without leakage
  • Shield domestic industry to promote ‘Make In India’
  • Borrowings to fund investment, not for meeting expenses
  • Food subsidy bill in April-Jan up 20% to Rs 1.08 lakh cr
  • Reform Railway’s structure, commercial practices, overhaul of technology
  • Public investment key growth engine in short-run for Railways, but not a substitute for private investment
  • More disinvestments on the anvil in current fiscal
  • Under-recoveries on petroleum products to come down to Rs 74,664 crore in 2014-15, from Rs 1.39 lakh crore in FY14
  • 4Ds — Deregulation, Differentiation, Diversification, Disinter (better bankruptcy laws) — to push financial sector growth
  • Implementation of GST to boost GDP, exports
  • Suggests medium to long term fiscal policy to target deficit, expenditure
  • Global commodity prices to remain weak in 2015
  • Ecommerce sector to witness 50% growth in 5 years
  • Advertising agencies are not reinventing themselves rapidly enough to stay relevant to changing advertiser needs. Or are they? This was a point of contention that was actively debated at an Interna... »


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