Page 102 - Manufacturing Industry

Budget is growth oriented as government focuses on infrastructure: Giles Everitt

However, there is no clear direction on excise duties and taxation which would have interested the manufacturing sector

There is no immediate relief for stainless steel sector from budget: Rajiv Rajvanshi

With large scale dumping taking place, industry expected an increase in duty on finished stainless steel products and scraping of duty on input materials such as SS scrap and nickel

Budget emphasises on the bottom of the pyramid: Ravichandran Purushothaman

The renewed PPP Model where the Government will absorb majority risk will encourage private investors in the cold chain sector

A balanced budget with multiple focus areas: Hemant Kanoria

Overall, budget is a very progressive budget which has focused on infrastructure, agriculture, ease of doing business, skill development and job creation

Budget has positive announcements for infrastructure and power sectors: Anil Chaudhry

Investments in infrastructure being increased to Rs 70,000 crores should spur renewed interest in many projects across the country

MSME sector took centre stage in the Budget: R Narayan

The allocation of Rs 1,000 crore for technology startups showcases government's trust in young technology businesses

Budget aims to boost domestic manufacturing with duty cuts in raw materials

Industries such as electronics, medical devices, metals, fertilisers, etc likely to gain with a series of cuts in customs and excise duties on raw material inputs

Budget proposes to reduce corporate tax by 5%

The government plans to reduce corporate tax rate from the current 30% to 25% over the next 4 years

Budget aims to skill India for 'Make in India' initiative

The government plans to launch a National Skills Mission, which will consolidate skill development initiatives spread across several ministries

Government aims for 'green' development

While budget proposes to provide concessions for e-vehicle & exempt common effluent plants from service tax, it increases cess on coal & excise duty on polyethylene bags

FM proposes to set up 5 new ultra-mega power projects

Investments of about Rs 1 lakh crore are estimated for these projects

BEL-Rolta consortium to drive Rs 50,000-cr battlefield management system project

The Ministry of Defence has selected the consortium as a development agency for the Battlefield Management System (BMS) project worth over Rs 50,000 crore

Economic Survey recommends Railway reforms & higher public investment

While the survey urges for greater public investment in railways to boost growth, it has recommended reform of railway's structure, commercial practices, overhaul of technology, etc

Focus on skill development to achieve 'Make in India' goals: Economic Survey

While 'Make in India' occupies prominence as an important goal, the future trajectory of Indian development depends on both 'Make in India' and 'Skilling India', says the survey

UNO Minda forms JV with Japan's Kosei Group for alloy wheels

JV will invest about Rs 200 crores to set up a plant at Bawal (Haryana) to manufacture about 60,000 units of alloy wheels for passenger vehicles

Economy Survey suggests a shift from carbon subsidy to carbon tax regime

The survey emphasises on the move to impose significantly high tax on petroleum products and thereby reenergising the renewable energy sector

Foodgrains production expected to reach 257 mt 2014-15: Economic Survey

Economic Survey 2014-15 emphasises on the need to improve productivity in the agricultural sector to ensure food security

Suresh Prabhu has set an ambitious reform agenda: Arvind Mahajan

The focus of Rail Budget on augmenting and leveraging existing track infrastructure is a step in the right direction to make Indian Railways more viable

Rail Budget is a 'Caring Budget': Chandrajit Banerjee

The budget cares for the customer, environment and the stakeholders, including the Railway PSUs and the Rail employees and, of course, about the economy

Rail budget touches every vital aspect of Indian Railways to make it future-ready: Hemant Kanoria

While the Centre would be providing 41% of the planned investments, the success of this Budget would be determined by how the Rail Minister mobilises the rest of the amount