Live Budget News

H1FY14 borrowing likely to be at around Rs 3.30 lakh cr   

08 Mar 2013, 12.42 pm  |  Source: CNBC-TV18

Even as the government has estimated a 4.8% fiscal deficit target, it is likely to front load borrowing in FY14, reports CNBC-TV Aakansha Sethi....

India stories look weak, watch for currency risks: Kotak  

08 Mar 2013, 11.52 am  |  Source: Moneycontrol.com

Brokerage house Kotak Securities expects weakness in consumption and investment demand to continue beyond May 2014, and sees current account deficit w...

Expect Sensex at 22,000 by 2013-end: Standard Chartered   

08 Mar 2013, 11.52 am  |  Source: CNBC-TV18

The Indian market was weak ahead of the Budget, but has been quite volatile after that, with earnings growth now being the main cause of uncertainty, ...

Finance Ministry likely to breathe new life into SEZs   

08 Mar 2013, 11.52 am  |  Source: CNBC-TV18

There could be some relief in the offing for special economic zone (SEZ) developers. ...

One size doesn't fit all: IKEA goes local for India, China  

07 Mar 2013, 7.30 pm  |  Source: Reuters

Without a willingness to lug cheap flat-pack wardrobes home and wrestle with self-assembly, there would be no IKEA, but in Asia, where the locals have...

Key political risks to watch in India  

07 Mar 2013, 7.30 pm  |  Source: Reuters

India's slowest economic growth in a decade could be even worse than anticipated, as preliminary data released in February showed the economy appears ...

Gross Budgetary Support more than doubled for 12th Plan  

07 Mar 2013, 7.30 pm  |  Source: PTI

The government today said it has proposed an increase of over 124 percent in Gross Budgetary Support for Central Plan in the 12th Plan period (2012-17...

Why Budget 2013 could not fulfill realty wishlist?   

07 Mar 2013, 4.21 pm  |  Source: CNBC-TV18

The Union Budget doesn't have any significant policy initiatives or tax incentives for the real estate sector. The Budget does propose a 1 percent Tax...

Budget Expectations: Need a credible plan to bring deficit under control  

07 Mar 2013, 3.57 pm  |  Source: Moneycontrol.com

Markets will be keenly watching for reduction in fiscal deficit. A credible plan (like FRBM) to bring deficit under control over a period of time will...

No takers for midcaps; RBI, Re key triggers: Morgan Stanley   

07 Mar 2013, 3.38 pm  |  Source: CNBC-TV18

In the near term the market is likely to trade in the broad range of 5,750-6,000. Over the longer term, rupee’s movement, inflation data and steps t...

Don't bottomfish, get on to compounding: Nirmal Bang   

07 Mar 2013, 2.06 pm  |  Source: CNBC-TV18

Mehraboon Irani of Nirmal Bang Securities believes any sharp declines seen in the market should be used as opportunity to buy. He advices investors to...

Centre and states break GST deadlock; agree on 80% issues  

07 Mar 2013, 11.59 am  |  Source: CNBC-TV18

The states and the Centre are in agreement over 80% issues regarding the Goods and Services Tax (GST). That's the word coming in from the GST panel he...

Farm debt waiver: RBI seeks info on action taken by banks  

07 Mar 2013, 11.59 am  |  Source: PTI

In view of serious observations made by official auditor CAG, the Reserve Bank today asked banks to submit information about the irregularities in the...

Budget Analysis: FM's royalty tax hike may hurt investor sentiment   

07 Mar 2013, 11.59 am  |  Source: CNBC-TV18

Foreign firms operating in India under the royalty model maybe in for some taxing times. In the Union Budget 2013-14, the Finance Minister has hiked t...

Cost of grain inventory more than FY14 divestment target  

07 Mar 2013, 10.30 am  |  Source: Moneycontrol.com

After the current harvest season, Indian granaries will stock about 100 million tons of wheat and rice. At FCI's estimated Rs 6.12 per kg, the storing...

Reliance Group to apply for banking license before July 1   

07 Mar 2013, 10.30 am  |  Source: CNBC-TV18

In what can be a game changer for Anil Ambani's Reliance Group, sources say the group has begun ground work for applying for a banking license and is ...

Budget 2013: Navigating growth amidst challenges: PwC  

07 Mar 2013, 10.11 am  |  Source: Moneycontrol.com

While presenting the tax proposals in the Budget 2013-14, the Finance Minister set the context by stating that the underlying theme of his proposals i...

Investors need not worry, fundamentals of co intact: NHPC   

07 Mar 2013, 10.11 am  |  Source: CNBC-TV18

ABL Srivastava, director – finance at NHPC told CNBC-TV18 that the company has spoken to BSE, NSE and Sebi regarding the suddent correction and expe...

Budget 2013 limp on CAD; mkt thirsts for reform: Ambit   

07 Mar 2013, 10.11 am  |  Source: CNBC-TV18

Andrew Holland of Ambit Capital Pvt Ltd says, on CNBC-TV18, that the Budget failed to address concerns on growth and CAD. "I do not expect revival in ...

Budget Analysis: Ratings agencies will track CAD, says Deutsche Bank   

07 Mar 2013, 10.11 am  |  Source: CNBC-TV18

Taimur Baig, chief economist, Deutsche Bank, says that the country’s current account deficit is a much larger problem than the fiscal deficit itself...

DIIs to blame for midcap carnage: IIFL's Nirmal Jain   

07 Mar 2013, 10.11 am  |  Source: CNBC-TV18

Lack of retail participation and continuous selling by domestic institutional investors (DIIs) remains the key concern for Indian market, believes Nir...

Farm loan row rocks House, PM promises stringent action   

07 Mar 2013, 9.45 am  |  Source: PTI

Parliament today resonated with demands for arraignment of swindlers in the farm loan waiver scheme in the wake of CAG report, prompting Prime Ministe...

Possibility of another farm loan waiver scheme unlikely    

06 Mar 2013, 10.52 pm  |  Source: CNBC-TV18

The UPA's flagship scheme that returned them to power in 2009 is under the scanner. The CAG report on the farm loan waiver scheme has found major disc...

Budget assumptions realistic; see FY13 CAD at 5%: Moody's   

06 Mar 2013, 7.47 pm  |  Source: CNBC-TV18

The assumptions made by Finance Minister P Chidambaram in his Union Budget 2013 speech look optimistic and realistic, Atsi Sheth of Moody's Investors ...

Budget Analysis: MF units relieved on STT; shocked over debt funds DTT hike   

06 Mar 2013, 7.47 pm  |  Source: CNBC-TV18

The mutual fund sector has mixed feelings about Budget 2013. While some of them are happy with the liberalisation to the Rajiv Gandhi Equity Savings S...

Budget 2013: Finance Minister to lash whip at service tax defaulters   

06 Mar 2013, 7.47 pm  |  Source: CNBC-TV18

Budget 2013 offers amnesty to people who have defaulted on indirect tax payments over the last five years....

Budget 2013: India to see double-digit returns in 2013, says UBS   

06 Mar 2013, 7.47 pm  |  Source: CNBC-TV18

Union Budget 2013 has largely met its key objective of fiscal consolidation, but it was an over hyped event so it punctured some expectations of forei...

To focus on Europe, won't stop yearly rev guidance: Infosys   

06 Mar 2013, 7.47 pm  |  Source: CNBC-TV18

Infosys will continue to invest more in continental Europe market, as it sees great potential for growth in this market, says S D Shibulal, chief exec...

Union Budget: A Beginner`s Perspective   

06 Mar 2013, 2.40 pm  |  Source: Moneycontrol.com

A budget by definition is a list of all planned incomes and expenses of an entity. The Union Budget refers to the budget of government of India. ...

Budget Analysis: Diesel subsidy may have to be frozen says Rajan  

06 Mar 2013, 12.43 pm  |  Source: PTI

The government may have to freeze the diesel subsidy at the current level to protect the budget numbers at some point in time, said Chief Economic Adv...