News Column

Sensex falls over 250 points as Jaitley presents budget

July 10, 2014


Mumbai, July 10 (ANI): The BSE Sensex fell over 250 points after Finance Minister Arun Jaitley began presenting his maiden General Budget for the year 2014-15 on Thursday.

Market expectations were high from the budget ahead of Jaitley's speech, and the benchmark Sensex was raised by nearly 75 points.

However, market predictions failed, as investors did not see any big announcements in Jaitley's speech.

Jaitley began presenting the budget proposals for fiscal 2014-15 with the permission of Lok Sabha Speaker Sumitra Mahajan at 11 a.m.

He began the presentation by saying that he was doing so with the full knowledge that the people of India are passing through some tough economic times, and that the government is duty-bound to address those concerns brought on by a high fiscal deficit and a high level of subsidies.

He said that it would be the government's endeavour to take some bold intiatives and steps to alleviate some of the economic problems faced by the nation at this point of time. (ANI)

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Source: Asian News International

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