New Delhi: India should see a moderate uptick in economic growth in 2012-13 and 2013-14 as global conditions stabilise.
- Plug loopholes to boost tax revenue: Pranab
- Budget benefits NRIs and quashes tax fears
- Business worth Rs 20,000 cr hit due to strike, say jewellers
- FIIs take tax concerns to Finance Ministry
- Is the government under-estimating subsidies?
- Service tax hike to hit household budgets
- I-T Act amendment: Not all cases will be reopened, says Pranab
- Pranab defends I-T Act amendments
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.
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.
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.
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 ...
Nationalised banks to speed up processing of corporate loansMumbai: Indian companies can hope for a faster turnaround when they submit loan proposals to nationalised banks.
The 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?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 GSTAmidst 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 goldThe Budget proposals aren't as damaging as bullion dealers and jewellers are making them out to be.
Infy hopes reforms in Budget Genpact unsureBangalore: 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.
- SEB reforms must for power tariff revision
The government may accede to the demands of private power developers for a tariff hike. But any increase should be accompanied by a plan to restructure the state electricity boards.
- Days before Budget, Railways scurry for funds
Lower-than-expected earnings are bleeding the public carrier in at least 10 out of 16 zones.
- Sops, not modernisation, is Railways priority
Social compulsions may force the Railways to ignore modernisation dreams.
- Fiscal discipline is need of the hour
"Discipline brings the house in order," is a universal truth, and for an emerging economy like India it is not only undeniable but also the need of the hour.
- RTE, education infra are Budget challenges
Education sector expects another big push this year.
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Company Mkt Cap Price (Rs.) Change(%) Reliance Communications Ltd. 25,532.01 123.70 11.14 Alok Industries Ltd. 610.61 7.39 -1.73 Apollo Tyres Ltd. 3,155.20 62.60 -2.11 Unitech Ltd. 5,742.78 21.95 -0.23 Dhanus Technologies Ltd. 5.71 0.10 0.00
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Top Gainers Mkt Cap Price(Rs.) Change(%) Reliance Communications Ltd. 25,532.01 123.70 11.14 Harig Crankshafts Ltd. 31.55 0.80 -2.44 Bellary Steels & Alloys Ltd. 139.71 1.91 -4.98 Nagarjuna Fertilisers & Chemicals Ltd. 1,010.51 23.60 -10.94 Balaji Distilleries Ltd. 726.53 50.80 -2.03 Top Losers Mkt Cap Price (Rs.) Change(%) Dhanus Technologies Ltd. 5.71 0.10 0.00 Birla Power Solutions Ltd. 36.30 0.17 -5.56 Avance Technologies Ltd. 5.76 0.09 12.50 Ranbaxy Laboratories Ltd. 14,906.76 352.40 -3.56 K S Oils Ltd. 66.58 1.45 -3.33
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- India's 2012-13 fiscal deficit may be less than 5.2% of GDP: Chidambaram http://t.co/LJB1TRSRFy
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- StarsSoft India's 2012-13 fiscal deficit may be less than 5.2% of GDP: Chidambaram - NDTV: The HinduIndia's 20... http://t.co/WJGFNfXJfK
- India's 2012-13 fiscal deficit may be less than 5.2% of GDP: Chidambaram http://t.co/Jk9BapE1nO
- India's 2012-13 fiscal deficit may be less than 5.2% of GDP: Chidambaram http://t.co/Rti6UImlrB
- India's 2012-13 fiscal deficit may be less than 5.2% of GDP: Chidambaram http://t.co/LyRotJmdKX
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- Search Results union budget - Business Standard
- Investment climate to be restored within two-three months: Moily - twocircles.net
- Devangshu Datta: Coping with the unknowns - Business Standard
- A policy rate catch-22 - Asian Age
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