Monday, February 16, 2009

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Top Business News- IBNLive.com

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Interim Budget pushes UPA agenda, no tax cuts
    THAT IS ALL: External Affairs Minister and acting FM Pranab Mukherjee with Budget papers outside the Finance Ministry.Pranab Mukherjee presented Interim Budget on Monday in Parliament.
Interim Budget: UPA to overshoot expenditure estimate
    GOING OVERBOARD: The gross budgetary support for the plan is 17.16 pc higher than that in 2008-09.The Government has revised the total expenditure estimate.
Infosys plans no lay offs; to go on with recruitment
    NOT YET HIT: Infosys sees the US stimulus packages, H1B visa restrictions as no hindrance yet.Infosys to continue to honour the job offers it had made in the past.
Finally, CBI to probe Satyam fraud case
    BOTTOMLESS PIT? The Satyam scam is so deep and messy that probing agencies can get foxed trying to solve it.. The scandal is currently being probed by the CB-CID of Andhra Pradesh police.
Fiscal deficit to rise to 5.5% on higher spending
    HIGHER SPENDING: Fiscal deficit, a measure that tells if the government is spending within its means.Fiscal deficit, a measure that tells if the government is spending within its means.
Interim Budget: New pension schemes for widows, disabled
    BETTER SCHEMES: The government has also proposed to give priority to young widows.The government has also proposed to give priority to young widows.

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