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Budget reactions from Jyothi Prasad, Head- Investment Banking, Asit C Mehta Investment Interrmediates.
The Finance Minister Pranab Mukherjee presented the Union Budget 2011 today.
The Centre today allocated Rs 100 crore for Ladakh region for implementation various of projects identified by a taskforce.
Finance Minister announced on Monday a food security bill for 2011/12, a budget measure that would provide cheap grains for millions of poor but which has sparked worries over its huge cost.
The exemption limit for the general category of individual tax payers has been enhanced to Rs. 1,80,000 from Rs. 1,60,000 in the General Budget 2011-12, presented by the Union Finance Minister, Shri Pranab Mukherjee in the Lok Sabha today.
Budget 2011-2012 Speech of Pranab Mukherjee Minister of Finance February 28, 2011
The Union Budget has something good for small businessmen. The FM Pranab Mukherjee has given the following for small businessmen.
The Union Budget has something good for small investors. The FM Pranab Mukherjee has given the following for small investors.
Government has hiked deduction for science research. At 13:25 hrs Aurobindo Pharma was quoting at Rs 172.10, up Rs 6.50, or 3.93%.
Finance Minister Pranab Mukherjee presented Union Budget 2011-12 amid rising inflation, tight liquidity, high interest rate, industrial slowdown, delayed reforms and negative market sentiment.
Allcargo Global Logistics has given their reaction on budget 2011.
There is a no change in excise duty, which is positive for auto and cement companies.
Indian equity benchmarks gained further in afternoon trade - the Nifty has touched the 5400 level, reacting positively to Union Budget 2011-12, wherein Finance Minister Pranab Mukherjee has announced measures to improve economic growth and targets lower fiscal deficit than current year.
Concerned over the misuse of subsidies provided under various schemes, Finance Minister Pranab Mukherjee today said the government will provide a direct cash subsidy on kerosene and fertilisers to the poor from March next year.
The government today said low- cost housing loans of Rs 15 lakh will be eligible for 1% interest subsidy, which will help in increasing the demand for such housing.
India's economy will revert to the pre-crisis growth level of 9% in the next financial year.
The government today said low- cost housing loans of Rs 15 lakh will be eligible for 1% interest subsidy, which will help in increasing the demand for such housing.
FMCG companies have witnessed growth in volumes across product categories.
There will be no additional taxes on cigarettes. At 13:15 hrs ITC was quoting at Rs 168.90, up Rs 12.75, or 8.17%.
Finance Minister Pranab Mukherjee today introduced a high new tax slab for senior citizens of 80 years and above. Unveiling the Budget proposals for 2011-12 in the Lok Sabha, he also proposed to reduce the age limit for consideration as senior citizens from 65 years to 60 years.
Corporate tax surcharge reduced from 7.5% to 5%. Minimum alternate tax rate up from 18% to 18.5%. IT exemption for taxpayers raised from Rs 1.6 lakh to Rs 1.8 lakh. Tax relief is about Rs 2,000 across-the-board
Air India's Chief Operating Officer Capt Gustav Baldauf resigned today, days after being served a show cause notice over his reported remarks about political interference in the airline's day-to-day affairs.
V Vaidyanathan, MD and VC of Future Capital says finance minister Pranab Mukherjee has shown a lot of discipline in making budget 2011.
Japan's Nikkei average ended higher on Monday, reversing early losses with help from futures-led buying by commodity trading advisers and month-end window dressing by foreign investors who picked up blue-chip cyclical shares.
Auto industry has reported strong growth post crisis on the back of strong demand in the domestic markets & recovery in exports. The budget last year had partially rolled back the stimulus provided to the auto players by increasing the excise duty to 10%.
