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The governments move towards fiscal consolidation was most pleasing part about the budget.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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".
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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.
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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 –
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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.
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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.
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The government will give Rs 140 to the banks for every 'no-frills' account opened by them as part of its initiative to expand the reach of banking services in the country, Finance Minister Pranab Mukherjee today proposed in Budget.
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Finance Minister Pranab Mukherjee has given a saving of Rs 2,060 per annum to male income tax payers by raising the exemption limit from Rs 1.60 lakh to Rs 1.80 lakh.
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Finance Minister Pranab Mukherjee today announced creation of an equity fund of Rs 100 crore for micro finance institutions (MFIs), which will help the cash-strapped sector to continue lending to small borrowers.
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With a view to encourage power generation and reduce transmission and distribution losses Finance Minister Pranab Mukherjee today extended the tax holiday for the power sector by one more year till March 31, 2012.
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Mobile subscribers will have to wait till March 21 to get relief from pesky calls and SMSes as telecom regulator Trai has extended the deadline for implementing new rules to curb this menace for the third time.
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Government today raised the defence budget by 11.6% to Rs 164,415 crore for 2011-12 from Rs 1,47,344 crore last year to modernise the armed forces.
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Terming the Budget 2011-2012 as "progressive" and "balanced", stock market experts said it had positive surprises like encouraging FII inflow, a roadmap for reforms and checking fiscal deficit, all of which have perked up investor mood.
