Budget News - Page 25

Is Budget 2012 about to legalise petty bribe income?

A small provision in the budget says people with unexplained incomes or credits will be taxed at the top rate, and not their bracket.

Fun with numbers: The holes in Pranab-da's budget

Yet again, Pranab Mukherjee's assumptions that underlie his projection of fiscal deficit targets for next year are being called into question.

Aam admi's woes: Service tax will eat up household budget

Finance Minister Pranab Mukherjee announced on Friday that personal tax exemption will be raised to Rs 200,000 but he has raised indirect taxes too. How does this impact the common man? <br /><br />

Service tax: Your bills will jump. So will inflation

Ooverall, high service charges, climbing inflation and lower chances of an interest rate cut is not such a great way to start the new financial year.<br /><br /> <br /><br />

Tinkerer Pranab has missed the bus - so what's new?

Pranab Mukherjee's seventh budget has missed an opportunity to fix things. He is getting more revenue, but his expenditure side holes remain

Budget 2012: Trim subsidy burden and speed up reforms, says FM

Finance Minister Pranab Mukherjee proposed trimming the government's subsidy burden and called for speeding the pace of economic reforms, which have been stalled by political gridlock, in his budget speech on Friday.

An inflationary budget pulls Sensex down 209 pts, bond yields zoom

The BSE Sensex opened 58 points higher at 17,734 while Nifty is up 20 points at 5,400.

Pranabda should shun news TV today

Pranab Mukherjee, whatever the composition of the budget, will be the cynosure of all eyes - and all news TV cameras - from the moment he steps out of his house. And, he should refuse to appear on any of the channels.

Mukherjee knows his onions but will he deliver?

This budget is being seen as a "test" of the government's political resolve to be less prodigal, spendthrift and implement reforms to rescue India's economy which slowed to 6.1 percent in the third quarter of the financial year 2011-12.

Budget 2012: Pranab may be forced to act on subsidies today

A curious alignment of planets that govern the course of politics and the economy could force Pranab Mukherjee to opt for a reformist budget - by compulsion, even if not by conviction.

The Eco Survey is fine, but will Mr Mukherjee buy its ideas?

Contrary to the stance being taken by everyone around, the Economic Survey paints a relatively more cheerful picture for the economy.

It's called GST and it's coming for sure

Union Budget 2012-13 may or may not herald the arrival of the Goods and Services Tax, but one can be sure services taxation will expand like crazy this time.

Budget 2012: What Pranab could borrow from Manmohan's 1991 speech

The Union budget has to do the same rescue act for the economy as Manmohan Singh's 1991 budget. So why not borrow words from the original?

Survey calls for fixed diesel subsidy; car makers unimpressed

The Economic Survey says diesel subsidies could be fixed at a specific level and the pricing freed. But car makers still fear a tax.

Eco Survey sees growth, inflation with rose-tinted glasses

The Economic Survey sees growth reviving and inflation under control even before we know what kind of fiscal consolidation is going to happen next year.

My duty to get budget passed, will not run away: Trivedi

The minister said that nobody has asked for his resignation, but if Mamata Banerjee or the Prime Minister does, he will quit.

Rail Budget: Now, book a meal for your train journey too

Apart from other amenities, railways will now launch a book-a-meal scheme to provide multiple meal choices through text or email will also be launched.

Railway Budget 2012: No money? set up committees

The Railway Budget 2012-13 announced a slew of regulatory bodies to look after the various functions of Indian Railways.

Why does the Rail Budget never keep its promises

As Trivedi gets ready to present his maiden budget, most of the measures announced by his party boss, Mamata Banerjee, in last year's budget remain unfulfilled and just on paper.

Railway Budget 2012: Five things to watch out for

Cash-strapped Indian Railways has not raised passenger fares for the past eight years. Will it do so this year?

Chances of good budget = zero; but don't fret about markets

It is best not to expect a reformist budget from a party that believes in patronising the poor. However, the markets will get over their shock, thanks to liquidity.

Mining sector's down in the dumps. Can Budget 2012 change its fortune?

Political compulsions are likely to rein in the government's appetite to push through any major sector-related Bills.

What power producers want from Budget 2012

Issues grappling the power sector are many. So, what is the wishlist of the power sector for Budget 2012. More importantly, can they be fulfilled?

Deregulating oil sector can be a game-changer; Will FM oblige?

It is very unlikely that this demand will be met as oil companies will then be allowed to hike prices of fuel at their own will.

Budget may levy service tax on everything - coaching classes to gyms

The coming budget is expected to extend services taxes to every service barring a small negative list. Your costs are sure to rise this year.

Why you should only expect baby steps in Budget 2012

The ruling party, battered in recent state polls and hamstrung by slowing economic growth and high global oil prices, is in no position to advance bold economic reforms

How to curb the problem of black money this Budget Session

Is a blanket amnesty scheme the fastest way to bring those billions of dollars stashed overseas back into the country and under the tax net? <br /><br />

If No 3 is lucky for Pranab, he should sack his numerologist

In his last budget, the FM made provisions of Rs 300 crore for many schemes since three was his lucky number. But will his luck run out this year?

GST & FDI in retail a must for Budget 2012: FMCG sector

Taxation is important for the sector as higher taxes mean higher prices which always has a negative impact on the demand for a specific good.

What India Inc expects from Budget 2012: Sense not sensation

Service tax on all services barring a negative list; changes in laws to bring Vodafone-like deals under net seen<br /><br /> <br /><br />