Union Budget 2012

Pawar sees 'tight Budget' next month, no farm freebies

Amid tight fiscal situation, Agriculture Minister Sharad Pawar today said hedoes not expect big freebies like cheap crop loans in the forthcoming Budget for 2013-14 which is likely to be 'a tight Budget'.

India's $35 tablet dream finds takers in the U.S

Even as several enthusiasts in the country continue to queue up in a bid to realize India's maiden dream of low-cost ...

Eicher Motors sees subdued Apr-June quarter for CV sales

Siddharth Lal, CEO, Eicher Motors Ltd says the hike in excise duty to 12% announced in Budget 2012, along with inflationary pressures and cost of raw materials is likely to lead to a subdued quarter for commercial vehicles.

How Budget 2012 will impact your investments

As the Union Budget 2012 did not propose too many tax changes, financial planner Gaurav Mashruwala said he was disappointed as expectations were not met.

Invest in markets on correction: Dilip Bang

Apart from the important announcements by the India’s Central Bank and the government, the assembly elections in Uttar Pradesh dominated the news for a large part of the previous fortnight, says Dilip Bang, Nirmal Bang.

Your Investment Strategy after Union Budget 2012

With the conclusion of the Union Budget 2012 and after reading the fine prints, the investors realised what actually the finance minister left for them in their kitty.

Government allots Rs.765 crore for Aakash 2 in Budget 2012

The nation's most ambitious mission to deliver quality education to the have-nots in the country, reportedly ...

Budget Reactions: Mkt to shrug off Budget & track liquidity, says Samir Arora

According to Samir Arora, fund manager at Helios Capital, the stock market will shrug off the Budget and will not refocus on liquidity flows.

Budget Reactions: Budget may stimulate growth for agri, banks

Sunil Dutt, Managing Director, Research In Motion India says, "It can be said that the Budget was well balanced and focuses more on long-term growth aspects instead of short-term populous measures, can be termed as positive and growth oriented."

Union Budget 2012: Highlights/2 of Pranab Mukherjee's speech

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.

Budget Reactions: Life insurance gets costlier for older age, says Bharti AXA

Increasing the Sum Assured to Premium Ratio to 10 times will promote long term contracts. It will also encourage customers to go in for higher protection.

Budget Reactions: Proprietorships, firms to pay 18.5% Alternate Minimum Tax

In order to widen the tax base, the government is proposing to impose 18.5% Alternate Minimum Tax (AMT), a variant of Minimum Alternate Tax (MAT), on sole proprietorships and partnership firms.

Budget Reactions: Service tax hike will hurt tourism cos, says Thomas Cook

By Mr. Madhavan Menon – Managing Director, Thomas Cook (India) Ltd

Budget Reactions: Mavcomm Group sees no major impact of service tax hike

Siddhartha Upadhyay, director, Mavcomm Group says the increase in service tax to 12% will not have any major impact on services industry that he welcomes the steps taken by the Finance Minister.

Finance Minister: Positive steps taken on cheap housing, says Parsvnath Dev

By Mr. Pradeep Jain, Chairman, CREDAI and Chairman, Parsvnath Developers

Budget 2012: Infra bonds may no longer be tax-deductible

If you were celebrating about some small tax saving gains due to the Union Budget, then you actually need to stop and see whether you will actually end up with some benefits at the end of the day.

Budget 2012-13: Expenditure the worrying factor, says Naina Lal Kidwai

Naina Lal Kidwai, country head of HSBC India, tells CNBC-TV18 that the main worrying factor in this Budget is government expenditure.

Budget Reactions: Rajiv Gandhi Savings scheme good for mkt, says ICICI Pru

By Nimesh Shah, MD & CEO, ICICI Prudential AMC

Budget Reactions: FM delivered a mixed bag for IT industry, says E&Y

E&Y India says Budget 2012 was a mixed bag for the IT industry.

Budget 2012-13: No big bang announcement for media & entertainment

The only important announcement for the M&E sector was that service tax would now not be applicable on copyrights relating to the recording of cinematograph films.

Pranab Mukherjee: Retired, senior citizens exempt from tax payments

Senior citizens and retired individuals have reason to celebrate after finance minister Pranab Mukherjee announced that they are exempt from tax payments.