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.
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