The measures to track tax avoidance introduced by the recent budget essentially means the government is going to get nastier with taxpayers.
Oil prices and currency depreciation may spoil Pranab Mukherjee's fiscal deficit arithmetic.
In a situation where liquidity is crunched, the government's borrowing plan will not only suck liquidity out of the economy, but will also not give any incentive to the RBI to ease interest rates.
Many expect that the developers will have to cut prices across the board now to attract more people to buy properties. But this year's budget may not let that happen.
The Supreme Court has thrown out the government's review petition in the Vodafone case. Will the government never learn?
He said that knowing the moods of the persons in Parliament, he could not do all that he wanted to in the Union Budget.
In terms of policy momentum, the budget drew a blank, which leaves the Indian market at the mercy of liquidity.
The economy and the markets can do well despite the government - so long long as the government does not act irresponsibly by resorting to populist measures.
Two days after he announced capping of subsides, Mukherjee indicated to industry captains today that the economy cannot bear high fuel subsidies and tough decisions will have to be taken.
The Bengal Tigress has momentarily lost her roar. This provides Pranab Mukherjee a window of opportunity to save his budget by being bold in a way that he wasn't in the budget.
Finance Minister Pranab Mukherjee proposed a hike in excise duty to 12 percent from 10 percent. It will prompt an increase in product prices from manufacturers, already hit by high input costs.
While the cost of your second-class train travel may not rise this year, a service tax will be charged on your first-class pass.
The US India Business Council (USIBC), in an unusual short reaction, called Union Finance Minister Pranab Mukherjee's Union Budget "measured but without game-changing reforms".
The impact will be positive for south Indian-companies like India Cements and Dalmia Cements as their proportion of coal imports is higher.
The budget he presented may not satisfy too many people, but it establishes Pranab Mukherjee as UPA's fire-fighter-in-chief, its only saviour.
Reacting to the Budget, Caparo Group Chairman Swraj Paul said: "The budget has taken the reality of India's situation. There are too many problems that exist which need to be dealt with to make the economy .
Calling the budget a negative, FMCG players said the increase in the excise duty will push up cost.