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as it happened
Union Budget 2012, as it happened

Income tax exemption limit hiked to Rs 2 lakh -- this and some other sops for small industries apart, there wasn't much to cheer about in the Finance Minister's Union Budget for 2012-13. Read on for a blow-by-blow account of the Union Budget, as Pranab Mukherjee presented it.

Railway Budget 2012, as it happened

A balanced Railway Budget from (now-former) Rail Minister Dinesh Trivedi, that set in motion a chain of political events. The budget speech focused primarily on safety and modernization, with few sops doled out. However, the big announcement came at the end, when train fares were hiked for the first time in 9 years.

railway budget 2012RSS feed
Nothing will be given in writing: Trinamool to Dinesh Trivedi
Nothing will be given in writing: Trinamool to Dinesh Trivedi

Trinamool Congress which has asked Railway minister Dinesh Trivedi to quit his post on Saturday rejected his demand that party supremo Mamata Banerjee should say so in writing to him.

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Help yourselves understand the budget better!

Its financial year end and the Budget bandwagon is rolling full steam. Every newspaper and magazine keeps publishing reports and reports and reports and reports! Some great, some not so great, but, one thing is common; most of the terminology is not common for the common man. So let’s try to understand some of the [...]

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Features & AnalysisRSS feed
  • Nationalised banks to speed up processing of corporate loansNationalised banks to speed up processing of corporate loans

    Mumbai: Indian companies can hope for a faster turnaround when they submit loan proposals to nationalised banks.

  • The hidden worm in inflationThe hidden worm in inflation

    Wastage and rotting foodgrains push up prices, but this is not reflected in official inflation estimates. So, when policymakers attribute inflation to a poor monsoon, they tell us half the story.

  • A budget for whom?A budget for whom?

    Another Budget has come and gone. Television channels went berserk, the cameras moving swiftly from Parliament to the markets and to experts at television studios. Outside, it was life as usual. The disinterested fruit-seller waiting for afternoon to subside into evening, a person taking an afternoon nap below a banyan or peepal tree, a 20-year-old listening to FM radio on his mobile phone, passengers in buses, either half-asleep or lying to their bosses that “they were just 15 minutes away” — no one could have had “the Budget” on their mind.

  • Moving slowly towards GSTMoving slowly towards GST

    Amidst the global economic scenario and the pressures of populism from within the ruling alliance, the Finance Minister had the unenviable task of pushing for long-awaited tax reforms. In the short term, his proposals to increase rates of both Service Tax and Central Excise to 12 per cent and extend the levy of service tax on all services seem cruel and inflationary.

  • Going after goldGoing after gold

    The Budget proposals aren't as damaging as bullion dealers and jewellers are making them out to be.

  • Infy hopes reforms in Budget Genpact unsureInfy hopes reforms in Budget Genpact unsure

    Bangalore: Infosys chief Kris Gopalakrishnan on Wednesday expressed hope that DTC and GST will be pushed through in the forthcoming budget, while Genpact vice chairman Pramod Bhasin feared economic reforms will be tough going forward.

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Budget Decoded
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Cracking the Budget code
Cracking the Budget code

Struggling with an unfamiliar term but afraid to ask? We decipher and simplify the budget jargon for you. Take a read.

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Retirement Savings Goal Calculator

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