Free Press Journal
  • Budget strives to balance growth and spending

    The finance minister came back to this job in August 2012, after a gap of almost four years. Ever since he rejoined, he has put his stamp on the job. The macro context is quite uncomfortable, as has been lucidly explained by the Economic Survey. The Survey, tabled in Parliament on Wednesday, was upbeat about the medium to long-term prospects of the Indian economy.

  • Is the extent of fiscal adjustment enough?

    With the growth rate in 2012-13 at a low of around 5 per cent, the balance of payments Current Account Deficit (CAD) hovering around 5 per cent of the GDP and the consumer price inflation in double digits, the central question which needs to be addressed is whether the fiscal adjustment set out in the budget for 2013-14 is enough? On an instant analysis, India Inc. would breathe easy, though the predictable

  • FM strikes a delicate balance

    Bombay Chamber of Commerce & Industry welcomes the Finance Minister’s speech and felt it was a good exposition of the issues facing the economy and it drew a delicate balance given the economic and political realities that we, as a country, are facing.

  • Translation into action is the key

    Given the overall economic scenario and the fact that elections are around the corner Finance Minister Mr P. Chidambaram has done an admirable job. Despite the economic constraints he has promised that fiscal deficit will be kept in check.

  • Tourism misses out

    In an otherwise positive Budget, the FM has taken a couple of retrograde steps.Tourism is the biggest job generator, biggest foreign exchange earner in the world. One out of 12 persons are employed in tourism industry.

  • Good, given the constraints

    Under the constraints faced by the economy the Finance Minister Mr P. Chidambaram has offered a good Budget. There are basically three aspects that Mr Chidambaram has addressed – one is to control the fiscal deficit. This year fiscal deficit is going to be 5.2% of the gross domestic product and next year’s target has been set at 4.3%. Second aspect is to keep the growth momentum going.

  • Budget pitching for inclusive development

    Against a backdrop of challenging macroeconomic slowdown in the domestic economy, the Union Budget for 2013-14 has judiciously addressed the concerns of reviving growth along with fiscal prudence.

  • It’s pragmatic amid challenging times

    The Union Budget recognises tough global and domestic challenges, especially on the twin deficits front and has tried to balance the responses to these. The budget has outlined government’s commitment for fiscal prudence and at the same time providing enough thrust to the Social and Infrastructure sectors.

  • A masterly exercise

    The Union Budget 2013-14 is a masterly exercise in confidence-building to regain a growth rate of 8% at the earliest. It has laid out a roadmap for inclusive development without sacrificing fiscal prudence.

  • A balanced budget in tough conditions: Cong

    New Delhi: Lauding the Union Budget as a “pragmatic balance” between fiscal prudence and public welfare, Congress today dismissed criticism from Opposition and some allies that it was “anti-farmer and anti-poor”.

  • Being too trusting may be key to happy relationship

    Washington: Trust may be key to a happy relationship as it fools you into remembering that your partner was more considerate and less hurtful than he or she actually was, according to a new study.

  • Under stress? A test of your breath could tell

    London: Deep breathing is recommended for stress busting. Now, scientists say that what you breathe out could also be used to understand whether or not you are under stress.

  • Gangrape: JJB frames gangrape, murder charges against juvenile

    New Delhi: Gangrape and murder charges were today ordered to be framed by a juvenile justice board against the minor accused of brutally raping along with five adults a 23-year-old girl in a moving bus here on December 16.

  • Budget is clever attempt to mislead public in election yr: AAP

    New Delhi: Aam Aadmi Party today alleged that the Budget presented by Finance Minister P Chidambaram was a “clever attempt to mislead” public ahead of elections as it offered little remedy for the key problems facing the Indian economy.

  • Hyd blast case: NIA gets custody of two alleged IM operatives

    New Delhi: Two alleged operatives of banned terror outfit Indian Mujahideen (IM) were today remanded by a Delhi court in five-day NIA custody for their interrogation in connection with the February 21 twin blasts in Hyderabad which claimed 16 lives.

  • Budget shows no early elections on cards

    New Delhi: With the Budget not resorting to populism, BJP and Samajwadi Party today said there was little possibility of early Lok Sabha elections.