Friday, July 11, 2014

Narendra Modi feels heat from credit agencies, markets on budget - IBNLive

Narendra Modi feels heat from credit agencies, markets on budget - IBNLive


Reactions to the budget and its highlights are lead stories across papers today. "Back on track, but miles to go", writes the Hindustan Times: "Grow India, Grow"!" headlines the Pioneer while the Indian Express, writing "Jaitley journey-I", quotes the Finance Minister as saying ''these are only the first steps and are directional".

Reporting on Industry reactions to the budget, the Economic Times writes, "No Big Bang, but very positive".

The Times of India opines that with liberal FDI norms, tax sop and focus on housing, "Realty checks into ''Achchhe Din"! while the Hindu, writes "Its an endless wait for "Achchhe din" and quotes a low income wage earner, hit by rising prices as saying "What will I do with a cheaper LCD TV or a mobile phone"?

The Times of India writes that the Ministry of Home affairs has cleared the air about Retd. Justice Ashok Kumar Ganguly, saying there is no case against him, referring to the Delhi police feedback that there isn't adequate evidence to lodge an FIR against Justice Ganguly. The former SC Judge was indicted by a 3 member apex court committee for "Unwelcome conduct of sexual nature" towards a woman intern.

The Times of India writes that insurgents in Iraq have seized nuclear materials from a research facility at a university and Baghdad has sought UN help to thwart the threat of its use.

And finally, "One million strike in Britain over pay and cuts", writes the Asian Age, reporting that more than one million public sector workers went on strike over pay and spending cuts imposed by the British government as part of its austerity programme.

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