Finance Minister announces Rs.10,000 crore farm debt relief fund Finance Minister P Chidambaram has announced that in order to raise funds for the ambitious Rs. 60,000 crore farm loan relief fund declared in the budget 2008-09, a fund of Rs. 10,000 crore has been assigned which had been mentioned earlier in the supplementary demands for grants 2007-08. 13 Mar 2008
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Banking sector will not be hit by $15 billion loan waiver: FinMin Union Finance Minister P. Chidambaram is trying to soothe the frayed nerves of the banking sector by assuring that the $15 billion loan waiver package for poor and marginal farmers, announced as a budgetary policy on Feb.29, would not hurt the banking system but rather strengthen it. 09 Mar 2008
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India Inc. lauds Union Budget 2008-09 but expected "more" Corporate India has lauded Union Budget 2008-09, calling it a "remarkable job" done by the Finance Minister P. Chidambaram, but added that the Budget had left them hoping for more. 02 Mar 2008
India Inc. lauds populist railway budget India Inc. has praised Indian Railways' passenger-centric budget that was unveiled Tuesday, calling it a mix of populism and pragmatism. 28 Feb 2008
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Lalu Prasad weaves magic with 5th annual railway budget Union Railway Minister Lalu Prasad Yadav struck the right chord with 1 billion-plus people of India, Tuesday, by unveiling the 5th annual Railway Budget that included cuts in passenger fares and freight rates and ambitious plans to modernize the rail infrastructure. 27 Feb 2008
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India's Railway Minister promises populist budget India's Railway Minister Lalu Prasad Yadav promised, Feb. 11, that he would present a "pro-people" budget this year, hinting that passenger fares will not be hiked and more facilities will be provided to the passengers traveling to make their journey more comfortable. 12 Feb 2008
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SpiceJet to break even by March 2008 Budget carrier SpiceJet Ltd hopes to break-even by March 2008, and is eyeing a fleet of 31 planes by 2011. 15 Nov 2007
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Thai rescuers retrieve bodies from plane wreck Thai rescue workers dragged the last bodies on Monday from the charred wreckage of a budget airliner that crashed while trying to land in a fierce monsoon storm on the resort island of Phuket, killing 89 people. 18 Sep 2007
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Frankfinn to fly high; plans IPO Leading air-hostess and hospitality training institute, Frankfinn Aviation Services Pvt. Ltd. has announced that it will launch a budget air carrier by 2009 and plans to tap the capital market for funding the new venture. 24 May 2007
