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Saturday, February 28, 2015

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Budget announces bank to fund small entrepreneurs
India will set up a bank to facilitate funding for the small entrepreneurs that make up the backbone of the country's economy, Finance Minister Arun Jaitley said in his budget speech on Saturday.
The MUDRA Bank will refinance microfinance institutions under a Prime Ministerial scheme, he said, allocating Rs200 billion ($3.24 billion) to the plan.

India to cut corporate tax to 25% over 4 years
India will reduce tax on businesses to 25% over 4 years from a current 30%, with a view to boosting spending and job creation, Finance Minister Arun Jaitley said on Saturday, when presenting the government's full-year budget.

FM: India to meet fiscal deficit target this year
India will meet a 'challenging' fiscal deficit target of 4.1% of its gross domestic product ( GDP) in the year to March 31, Finance Minister Arun Jaitley said on Saturday, when presenting the government's full-year budget.

India to spend $40 billion on defence in 2015-16
India plans to spend Rs2.46 trillion ($40 billion) on the defence sector in 2015-16, Finance Minister Arun Jaitley said on Saturday, when presenting the government's full-year budget.          

Budget announces bank to fund small entrepreneurs
India will set up a bank to facilitate funding for the small entrepreneurs that make up the backbone of the country's economy, Finance Minister Arun Jaitley said in his budget speech on Saturday.
The MUDRA Bank will refinance microfinance institutions under a Prime Ministerial scheme, he said, allocating Rs200 billion ($3.24 billion) to the plan.

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