Live Budget News

RBI may need to review margin funding of shares by NBFCs  

04 Mar 2013, 3.28 pm  |  Source: Moneycontrol.com

The recent wave of selling in midcap shares could have partly to do with promoters and brokers exploiting a regulatory loophole in rules for margin fi...

Budget Reactions: Budget 'realistic', positive for ratings - Moody's  

04 Mar 2013, 3.28 pm  |  Source: Reuters

India's 2013/14 Budget unveiled last week offers a "realistic" plan to meet the country's fiscal deficit target, and should be a credit positive for i...

India Inc gives thumbs up; says Budget progressive   

04 Mar 2013, 11.41 am  |  Source: CNBC-TV18

Lata Venkatesh of CNBC TV18 in discussion with an eminent panel comprising of finest minds in the corporate world, focuses on their verdict on the Bud...

Budget 2013: FM has done his job; RBI needs to follow through: Edelweiss   

04 Mar 2013, 11.41 am  |  Source: CNBC-TV18

Nischal Maheshwari of Edelweiss Financial Services, talking to CNBC TV18, says they are not disappointed that the Budget 2013 hasn’t provided a thru...

Budget Analysis: Bond mrkts may face liquidity crunch in March, says Nomura  

04 Mar 2013, 11.41 am  |  Source: CNBC-TV18

Neeraj Gambhir of Nomura India, says that the market was expecting a gross borrowing figure of Rs 5.75-6 lakh crore but the figure of Rs 6.3 lakh cror...

See inflation tapering in H1CY13; GDP at 4.5-5%: JPMorgan   

04 Mar 2013, 11.41 am  |  Source: CNBC-TV18

Aziz feels the massive cuts in the government’s planned expenditure in FY13 is likely to continue in FY14 as well. According to him, the government ...

Budget 2013 could not cheer realty: Sources   

04 Mar 2013, 10.52 am  |  Source: CNBC-TV18

With the Budget 2013 over, it is time now to find out how different sectors are reacting and if their respective Budget wishlists have been addressed....

Budget 2013: Moderately pleased but more needs to be done, says JSPL   

04 Mar 2013, 10.52 am  |  Source: CNBC-TV18

Ravi Uppal, MD, JSPL told CNBC-TV18 that the power projects have been facing several issues over the past two quarters. He expected the FM to speak mo...

State owned banks to see higher tax outflow post Budget   

04 Mar 2013, 9.23 am  |  Source: CNBC-TV18

Some public sector banks are likely to see higher tax outflow. It was after the government clarified in the Budget that banks cannot claim double tax ...

Lower gold demand, appeals FM: Are you listening?  

04 Mar 2013, 9.23 am  |  Source: Moneycontrol.com

The FM’s appeal comes at a time when India is battling with twin deficits- fiscal deficit and current account deficit (CAD) that are slowing the pac...

Diesel rate hike for bulk consumers; non-subsidised LPG cut  

04 Mar 2013, 8.58 am  |  Source: PTI

Diesel price for bulk consumers like Railways has been hiked by almost a rupee per litre, while the price of cooking gas (LPG) is cut by Rs 37.50 a cy...

Chidambaram warns tax dodgers, rules out amnesty  

04 Mar 2013, 8.18 am  |  Source: PTI

In a warning to tax-dodgers, finance minister P Chidambaram on Sunday warned said that a huge amount of data was being mined to go after offenders and...

Union Budget 2013 - 14: How is FM likely to achieve Rs 40,847 cr spectrum target?  

04 Mar 2013, 8.18 am  |  Source: Moneycontrol.com

In Union Budget 2013, Finance Minister P Chidambaram expressed that the present uncertainty in the telecom sector will be resolved and spectrum will b...

Budget Reactions: Budget winner for attention to priorities: Indiabulls  

03 Mar 2013, 7.40 pm  |  Source: Moneycontrol.com

One has to compliment the Finance Minister Mr P Chidambaram for addressing the nation’s priorities in his budget for 2013-14 said Mr Gagan Banga, CE...

Tata Motors need to tweak passenger car strategy: Slym  

03 Mar 2013, 7.05 pm  |  Source: PTI

In the vibrant passenger car-segment in India, leading automobile manufacturer Tata Motors on Sunday said that there was a need to change the company'...

Budget Reactions: Hail increase in defence allocation says Zicom Electronic  

02 Mar 2013, 6.44 pm  |  Source: Moneycontrol.com

It is not a flamboyant or even a populist Budget, as many would have expected, for the simple reason that early next year the country goes for the Gen...

Budget Reactions: Budget eyes growth, deficit-cut amidst economic slump: IDBI  

02 Mar 2013, 5.14 pm  |  Source: Moneycontrol.com

The Union Budget for 2013-14 has been framed in a situation of considerable economic difficulty. ...

Budget Reactions: Spotlight on social sector ignores pharma: Arvind Remedies  

02 Mar 2013, 5.12 pm  |  Source: Moneycontrol.com

The Union Budget 2012-13 was more of a social budget. With majority of the reforms being targeted at three key sections of the society viz., Women, Yo...

Budget Reactions: Budget proposals mixed bag for skill sector: SkillSonics  

02 Mar 2013, 5.11 pm  |  Source: Moneycontrol.com

The Budget proposal is a mixed bag for the Skill Development sector. To meet the enormous challenge of skilling the Indian youth towards jobs, it is i...

Budget Reactions: Measures for expanding financial markets welcome: Kochchar  

02 Mar 2013, 5.09 pm  |  Source: Moneycontrol.com

Measures for further expanding and deepening financial markets and facilitating foreign participation have also been announced. The budget is one part...

Budget Reactions: Focus on social sector welcome: Jubilant Life Sciences  

02 Mar 2013, 5.08 pm  |  Source: Moneycontrol.com

Overall, I think it’s a good Budget which aims to bring focus back on Growth & also presents an honest effort to address the fiscal deficit manageme...

Budget Reactions: No new taxes despite fiscal deficit challenge: PwC India  

02 Mar 2013, 5.06 pm  |  Source: Moneycontrol.com

Overall an expected balanced approach. No new material taxes despite challenge of fiscal deficit. ...

Budget to put economy on high growth: SIDBI  

02 Mar 2013, 5.05 pm  |  Source: Moneycontrol.com

The Union Budget 2013-14 embodies strong features of promoting investment and putting the economy on the high growth path leading to inclusive and sus...

Budget Reactions: Cut in STT likely to boost sentiments: Bharti Axa Life  

02 Mar 2013, 5.01 pm  |  Source: Moneycontrol.com

This year’s budget is a workman-like balancing act and the government has done a decent job given the challenges in the economy. On the positive sid...

Budget lacks grand plan to put economy back on track: HDFC  

02 Mar 2013, 4.51 pm  |  Source: Moneycontrol.com

FM's effort to fit everything somewhat scrappily into an omnibus policy has resulted in the lack of a cohesive grand plan to put the economy back on t...

Overdrive: Understanding Budget's effect on auto sector   

02 Mar 2013, 4.51 pm  |  Source: CNBC-TV18

Finance minister P Chidambaram introduced Union Budget 2013-14 in Parliament on February 28. He introduced various taxes in this Budget which affected...

Budget 2012: I was extra careful while making Budget, says Pranab   

02 Mar 2013, 4.51 pm  |  Source: PTI

Finance minister Pranab Mukherjee on Sunday said he was "extra careful" while formulating his budget proposals in view of the political situation on t...

Fiscal Deficit: Ridham Desai says Mar events will trigger earnings revision   

02 Mar 2013, 4.51 pm  |  Source: CNBC-TV18

In an interview to CNBC-TV18, Ridham Desai, managing director, Morgan Stanley says expectations will go up now, especially for earnings results....

Budget 2012: CLSA says FY13 fiscal deficit to be higher than 5.1% of GDP   

02 Mar 2013, 4.51 pm  |  Source: CNBC-TV18

Most experts have raised a red flag on government target of easing fiscal deficit to 5.1% of GDP in FY13. Considering the absence of a clear fiscal ro...

Budget 2012: Rs 30Kcr a realistic target for FY13, says Divestment Secy   

02 Mar 2013, 4.51 pm  |  Source: CNBC-TV18

In an interview to CNBC-TV18, Divestment Secretary Mohammad Haleem Khan says, FY13 divestment target of Rs 30,000 crore is realistic. “We refrained fr...