| Welcome to the latest bulletin of key policy decisions and high-impact news from India, presented by the Embassy of India in Washington D.C. |
Government Targets Growth in its Maiden Union Budget FY 2014-2015
The new Indian Government placed its maiden Budget, for consideration and passing before Parliament of India on July 10, 2014. The Budget contains a number of proposals to improve business climate, encourage foreign investment, and bring a transparent and non-discriminatory regulatory regime for investors. Here are the key excerpts from Finance Minister Arun Jaitley's speech in the Indian Parliament on July 10.
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Economic Survey 2014: Fiscal 2015 GDP Growth Expected as High as 5.9%
The Indian economy is likely to grow from 5.4 to 5.9 percent in 2014-15, overcoming the sub-5 percent of the past two years. The Finance Ministry survey, released a day ahead of the new Government's maiden budget, expects that moderation in inflation will ease the monetary policy stance and revive the confidence of investors, as the Indian economy takes part in the global comeback.
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India Announced its Railway Budget for FY 2014-2015
"This Budget shows where we want to take the railways and at the same time where we want to take India through the railways."
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Facebook's Sandberg: India Very Important to Us
 Facebook COO Sheryl Sandberg has met with Prime Minister Modi, telling him that India is a very important country to Facebook, given the high number of active Facebook users in the market. Modi shared news of the meeting on his Facebook page, noting the social media's role in communication between governments and citizens. |
