The governments move towards fiscal consolidation was most pleasing part about the budget.
Through the budget that was announced today, Finance Minister Pranab Mukherje wanted to convey a strong signal towards reforms, addressing those issues where governance and delivery can improve.
Capital goods industry has witnessed a dramatic slowdown in recent times due to the inability of the local manufacturers to meet the growing demand, while the Chinese equipment is relatively inexpensive and readily available.
Finance Minister Pranab Mukherjee reiterated in his budget speech today that infrastructure is critical for India's development. He has planned an alocation of Rs 2.14 lakh crore towards developing the country's infrastructure.
Union Budget 2010-11 may have come as a negative/positive surprise for tobacco companies.
No changes in taxes have been proposed by the finance minister this budget, which will be a negative for bleeding oil marketing companies.
India’s telecom sector is one of the world’s fastest growing sectors and is on the verge of becoming the world’s second largest telecom sector. The number of mobile subscribers stands at 752.19 mn in December 2010
Infosys founder NR Narayana Murthy said there is no need for any tax exemptions for the big IT companies.
Finance Minister Pranab Mukherjee will present challenging Union Budget 2011-2012 on today. The budget speech will start at 11 AM and if everything goes smoothly in Parliament it should be over by 12.30 PM.
The embattled government faces the daunting task of appeasing voters weary of high inflation while trying to tame its fiscal deficit when it presents its budget for the next fiscal year today at 11 AM.
CNBC-TV18's special pre-budget show "Priceline" puts the spotlight on the country's top-of-the-line economists and policymakers on to find out their perspective of what the economy wants from the Budget 2011. The show is called Priceline because the economy today wants a halt to the relentless rise in prices.
On CNBC-TV18's special pre-budget series, What the World Wants, some of the big global market analysts and thinkers talk about the level of expectations going into the budget exercise.