The Finance Ministry has asked various agencies, including RBI, which are looking into the largest banking security breach involving over 32 lakh debit cards, to submit their report in 10 days.
The four major macro concerns that have been weighing on the confidence of investors and rating agencies for the last several months are India's high fiscal and current account deficits and the dwindling savings and investment rates. And in my opinion, the Budget has effectively addressed all these issues.
The Finance Minister has proposed many measures to promote inclusive growth and spur investments. The Finance Minister in his speech has reiterated that clarity in the tax laws and non-adversarial tax administration is of paramount importance.
Finance Minister Pranab Mukherjee today presented Union Budget 2012, the 81st Budget in India’s history. Individually, this is Mukherjee's seventh annual Budget, second-highest by any Finance Minister.
Sourav Majumdar, editor-in-chief, Entrepreneur and R Jagannathan, editor-in-chief, First Post
Kaushik Chatterjee tells CNBC-TV18 that political over hang is very visible in the Budget. He says, the Budget has been more of a balancing of book rather than making any future statement.
The Back-UPS Pro comes with a software which monitors power management, diagnostics and carbon footprint.
SME Internet and Telecom services market has witnessed near 12% and 8% growth respectively, says AMI study.
The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on Tuesday launched their respective SME (small and medium enterprise) exchange platform. With this, SMEs--one of the key drivers of India’s economic growth--will hopefully have better access to funds to support their long term growth plans.
BRIC countries are keen on reducing their trade dependence on China, reports CNBC-TV18's Ronojoy Banerjee.
In the foreseeable future one can expect petrol and diesel price revision before the budget. In the budget excise duties may go up on automobiles and other products including consumer durables leading to the burden being passed onto the consumer.