Indian Budget is presented in a tone of 'All is well'. Let’s hope that this attitude is with a view to face the problems staring at us with a positive mind set rather than an Ostrich like behaviour of not recognising them.
With Budget 2011-12 being announced, a number of impacts and implications are yet to be demystified. In CNBC-TV18’s special show Budget Tonight, Karan Thapar with Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia and Former Finance Minister, Yashwant Sinha analyse Pranab Mukherjee’s sixth budget presentation.
Kaushik Basu, Chief Economic Advisor, PV Bhide, Former Revenue Secretary, Dhruv Sawhney, CMD, Triveni Engineering and TV Mohandas Pai, Head-Administration & HR, Infosys, in an exclusive interview with CNBC-TV18’s Shereen Bhan, gave their expert views on how they viewed the budget.
In an interview with CNBC-TV18's Menaka Doshi, an illustrious panel of business leaders including Chanda Kochhar, MD and CEO, ICICI Bank, Harsh Mariwala, CMD, Marico, Baba Kalyani, CMD, Bharat Forge, GV Prasad, Dr Reddy's and YM Deosthalee, Whole-Time Director and CFO, L&T, assess the math of the budget.
Reserve Bank Deputy Governor Subir Gokarn welcomed the budget proposals to check fiscal deficit by keeping a tab on the subsidy bill, saying they are the right steps towards fiscal consolidation and offer the central bank more leg-room on monetary policy front.
Gems and jewellery industry today expressed disappointment over reintroduction of 1% excise duty on branded jewellery in the Union Budget and called for a rollback of the decision.
The Reserve Bank of India (RBI) does not see any challenge in managing the borrowing programme for fiscal year 2011/12, a deputy governor said, after the government unveiled a lower-than-expected borrowing figure in its federal budget.
In an interview with CNBC TV18, revenue secretary Sunil Mitra, secretary of economics affairs R Gopalan, S Dutt Majumder, Chairman, CBEC and Sudhir Chandra, Chairman, CBDT analysed the budget in detail.
Mobile handset prices will become more expensive as Finance Minister Pranab Mukherjee today announced one percent hike in the Central Excise duty for 130 items, including phones.
New Delhi, Feb 28 (PTI) Finance Minister Pranab Mukherjee today kept the income tax exemption limit unchanged for women at Rs 1.90 lakh while increasing it for men and senior citizens.
Seeking to usher in a Green Revolution in the Eastern region, including Finance Minister Pranab Mukherjee's home state West Bengal, the Union Budget today announced an additional Rs 400 crore for the purpose.
Budget 2011-12 has given a marginal benefit on the tax slab for individuals. However the benefits for very senior citizens are higher. However the expectations that there will be changes in the investment avenues and their slabs have not been met.
Battling high input costs, the country's oldest bicycle cluster in Ludhiana today received a jolt, with Union Budget proposing to bring the sector under central excise net.
The government today proposed to increase the service tax on life insurance policies to 1.5% from 1%, a move that would increase the premium cost for policyholders.
Commending Finance Minister Pranab Mukherjee on putting out a balanced budget, Planning Commission's deputy chairman Montek Singh Ahluwalia said FM has been able to meet our hopes for key ministries. "Individual ministries need to implement and spend money well," he said.
Suresh Swamy, Executive Director and Hemen Asher Senior Manager, PwC India said that the budget has certain proposals that affect the private equity world.
Mumbai, Feb 28 (PTI) Led by Bajaj Auto Chairman Rahul Bajaj, the automobile industry has praised Finance Minister Pranab Mukherjee's decision not to raise excise duty on vehicles in the Union Budget today.
Goa's mining industry is upset over the union budget hiking export duty on iron ore by 5% when the industry had pleaded to scale it down. Similarly, the state tourism industry is in a rude shock after service tax was made applicable to hotel accommodation above Rs 1,000 per day and AC restaurants serving liquor.
Welcoming the Union Budget 2011-12 today presented by Finance Minister Pranab Mukherjee, the Bombay Chambers said it is very positive with a emphasise on inclusive growth
Expressing serious concern over the generation and circulation of black money, Finance Minister Pranab Mukherjee today said the government has adopted a five-fold strategy to deal with the menace.
Leading NRI industrialist Lord Swraj Paul today hailed India's budget for the year 2011 as "growth-oriented" and said it would help raise the level of the "aam admi".
India's retail sector that has been anticipating some good news on allowing FDI in the multi -brand segment is left disappointed by Finance Minister Pranab Mukherjee, who made no mention of it in his Budget speech.
Pranabda definitely deserves a pat on the back, for having presented the budget in a high tension / high pressure arena and emerging a winner. The budget was on a ‘Play-safe’ mode, with very few surprises –
Energy and transport will get a massive chunk of the central Plan's outlay in the next fiscal even as Finance Minister Pranab Mukherjee today announced several key initiatives for giving a boost to the infrastructure sector.
Prime Minister Manmohan Singh today said the Union Budget was aimed at fiscal consolidation and moderation of taxes to match the challenges the economy faces and signalled that his government was reform-oriented.