Live Budget News

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...

Budget Impact: Infra focus to push cement, says Anand Rathi   

06 Mar 2013, 10.31 am  |  Source: CNBC-TV18

Jaspreet Singh Arora of Anand Rathi says, on CNBC-TV18, that February cement sales disappointed with a 5-percent fall in growth due to unseasonal weat...

Budget Analysis: Mixed sentiment for insurance companies   

05 Mar 2013, 10.33 pm  |  Source: CNBC-TV18

The insurance sector seems to have mixed feelings for Budget 2013. While the opening up of the bank insurance route has been hailed as a key reform. T...

Global macros best we've seen in years: Goldman Sachs    

05 Mar 2013, 4.01 pm  |  Source: CNBC-TV18

Prashant Khemka of Goldman Sachs says the market seems to have lost its moment post Budget. Much was expected of finance minister P Chidambaram’s Un...

Services PMI falls sharply in February: Poll  

05 Mar 2013, 3.41 pm  |  Source: Reuters

Indian services growth eased off the accelerator last month as new orders failed to keep up with January's blistering pace, a business survey showed o...

Current account deficit biggest concern: Rajan  

05 Mar 2013, 3.39 pm  |  Source: Reuters

India's record high current account deficit is the country's biggest concern, Finance Ministry's Chief Economic Adviser Raghuram Rajan said on Tuesday...

Budget Analysis: Volumes will shift to other channels post CTT, warns MCX   

05 Mar 2013, 3.39 pm  |  Source: CNBC-TV18

Talking to CNBC-TV 18 about the introduction of commodity transaction tax (CTT) in the Budget last week, Shreekant Javalgekar, MD & CEO, MCX, said the...

Budget-making not one-stop exercise: FM to India Inc   

05 Mar 2013, 3.39 pm  |  Source: Moneycontrol.com

Finance Minister P Chidambaram on Monday had a post Budget meeting with representatives of industry associations....

'Optimistic about Indian exports touching $300bn in FY13'  

05 Mar 2013, 3.39 pm  |  Source: PTI

Commerce and Industry Minister Anand Sharma today said he is optimistic about India touching the USD 300 billion-mark in exports this fiscal although ...

EU to stay weak; India to grow in FY14: Deutsche Equities   

05 Mar 2013, 1.43 pm  |  Source: CNBC-TV18

Abhay Laijawala, head-research, Deutsche Equities India says that the 2013 outlook for Europe has not improved and expects RBI to cut rates by 75 bps ...

Aashish Tater picks EID Parry, Gujarat Gas as multibaggers   

05 Mar 2013, 1.34 pm  |  Source: CNBC-TV18

In an interview to CNBC-TV18, Aashish Tater, head of Research, Fortunewizard.com picks EID Parry and Gujarat Gas as his multibaggers. Tater expects su...

Over Rs 20,000 cr locked up in litigations: FICCI   

05 Mar 2013, 12.29 pm  |  Source: CNBC-TV18

In a move that bats for small investors, FICCI is demanding the Finance Minister, P Chidambaram to lower the eligibility demand for investment allowan...

4.8%-deficit tough; OMOs, rate-cut to buoy bonds: StanChart   

05 Mar 2013, 12.29 pm  |  Source: CNBC-TV18

Ananth Narayan of Standard Chartered Bank says that the fiscal-deficit target of 4.8 percent for FY14 is tough to achieve and expect yields to stabili...

Budget Reactions: Duty hikes to up cost by 3-4 paise/unit, says JSW Energy   

05 Mar 2013, 12.06 pm  |  Source: CNBC-TV18

With the hike in basic custom and countervailing duty (CVD) on steam coal NK Jain, vice chairman, JSW Energy tells CNBC-TV18 that the cost of power ge...

Investors feel India still weak, says Mark Konyn   

05 Mar 2013, 9.57 am  |  Source: CNBC-TV18

Mark Konyn, CCAM told CNBC-TV18 that post the Budget also investors feel that there is still fundamental and structural weakness in India. He believe...

No option but to import coal: Scindia   

05 Mar 2013, 9.55 am  |  Source: CNBC-TV18

"There is no option, but to import coal," says Power Minister, Jyotiraditya Scindia who is determined to make coal price pooling, a reality soon....

FM assures support despite tough stance on MAT, tax hikes   

04 Mar 2013, 10.57 pm  |  Source: CNBC-TV18

After presenting the last Budget of the UPA 2, it was Finance Minister, P Chidambaram's turn today to explain the proposals to India Inc. ...

Fiscal deficit in 2012-13 may be less than 5.2%: FM  

04 Mar 2013, 10.40 pm  |  Source: Reuters

India's fiscal deficit may be less than the provisional figure of 5.2 percent of gross domestic product for the 2012/13 fiscal year that ends on March...

Budget Analysis: See high revenue for larger broadcasters, says ENIL   

04 Mar 2013, 10.40 pm  |  Source: CNBC-TV18

The Union Budget last week permitted the expansion of the private FM radio space to 294 more cities. Prashant Panday, exec director & CEO, Entertainme...

Budget Analysis: Do not see pick up in sentiment towards investment: Thermax   

04 Mar 2013, 10.40 pm  |  Source: CNBC-TV18

The biggest positive from the Budget that appears to come for all capital expansion plans or those who have such plans has been that 15 percent invest...

Net borrowings for 2013-14 will be up by Rs 50 b: FM  

04 Mar 2013, 9.44 pm  |  Source: Reuters

The government's net borrowings in 2013-14 will be up by only 50 billion rupees to 4.84 trillion rupees, the slowest rise in recent years...

Optimistic India Budget jars with revenue reality  

04 Mar 2013, 9.37 pm  |  Source: Reuters

Staking his credibility on meeting a deficit-cutting target, Finance Minister P Chidambaram is likely to be forced to scale back spending in the upcom...

IT, pharma may do well; see bargains in midcaps: Dimensions   

04 Mar 2013, 9.37 pm  |  Source: CNBC-TV18

Ajay Srivastava, CEO, Dimensions Consulting is doubtful of India being able to achieve the projected 6.1 percent GDP growth in 2013-14. “Post Budget...

Budget 2013 India: KPMG India on what Budget 2013-14 did to your taxes  

04 Mar 2013, 9.36 pm  |  Source: Moneycontrol.com

No change in personal and corporate tax rates. Tax rebate of up to INR 2,000 per annum introduced for resident individuals, with total income up to IN...

Budget Reactions: Not a 'Populist' Budget says Fitch Ratings  

04 Mar 2013, 7.38 pm  |  Source: Moneycontrol.com

Fitch Ratings has come out with its report on post Union Budget 2013. ...

FM to 'hangout' on Google post Budget   

04 Mar 2013, 7.10 pm  |  Source: CNBC-TV18

Have any questions about Budget 2013, ask the Finance Minister himself. Yes that is right Chidambaram will be joining the league of other personalitie...

Budget 2013: Chidambaram to 'hangout' with netizens on Budget on Monday  

04 Mar 2013, 5.58 pm  |  Source: PTI

For the first time the finance minister will use Google Hangout to answer netizens' queries on the Budget presented on February 28....

Autos hit by poor demand; Maruti, Tata top buys: Centrum   

04 Mar 2013, 5.19 pm  |  Source: CNBC-TV18

Ajay Shethiya of Centrum Broking estimates, on CNBC-TV18, that growth in auto volumes will moderate on continued weakness across the sector. ...

Expect rupee around 53-52.50/$ by year-end: Deutsche Bank   

04 Mar 2013, 5.19 pm  |  Source: CNBC-TV18

The rupee fell to a near two-month low in early trade on Monday tracking losses in most other Asian currencies. Ravneet Gill, CEO, Deutsche Bank India...