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India Budget 2008
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Sensex falls 1.4pct as budget fails to cheer
Enlarge Photo The Bombay Stock Exchange (BSE) building is seen in this file photo. REUTERS/Punit Paranjpe Fri, Feb 29 05:14 PMIndian shares fell 1.4 percent on Friday to their lowest close this week, after the national budget budget failed to cheer investors already shaken by turbulent global markets.The government promised higher spending for ailing farms and pledged funds for rur...
Cement players see demand boost from rural spends
Enlarge Photo A child is seen standing inside cement rings in Hyderabad in this May 30, 2007... Fri, Feb 29 05:24 PMThe Indian cement industry has welcomed the overall thrust on the rural economy in this year's budget but was disappointed as most of their industry-specific demands were not met.Finance Minister Palaniappan Chidambaram, in his annual budget for 2008/09, proposed exte...
Comments from RBI after 08/09 budget
Enlarge Photo Reserve Bank of India's Deputy Governor Rakesh Mohan speaks during a banking conference in Mumbai... Fri, Feb 29 06:41 PMFollowing are excerpts from a news briefing by Reserve Bank of India Deputy Governor Rakesh Mohan on Friday after the 2008/09 federal budget announcement.---------------------------------------------------------------ON BUDGET:"I think it is a very ...
