Budget2012

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Budget2012 - Total results - 145
Full text: Budget speech 2012
Budget

Full text: Budget speech 2012

The full text of the speech made by Finance Minister Pranab Mukherjee in 2012.

Pranab's real message to taxpayers: we don't trust you
Economy

Pranab's real message to taxpayers: we don't trust you

The measures to track tax avoidance introduced by the recent budget essentially means the government is going to get nastier with taxpayers.

FM's deficit math is going wrong; rate cut hopes recede
Economy

FM's deficit math is going wrong; rate cut hopes recede

Oil prices and currency depreciation may spoil Pranab Mukherjee's fiscal deficit arithmetic.

Govt needs Rs 2,000 cr daily to fill up its begging bowl
Economy

Govt needs Rs 2,000 cr daily to fill up its begging bowl

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.

Mumbai realty registrations down 11%, price cut in the offing?
Business

Mumbai realty registrations down 11%, price cut in the offing?

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.

Second slap: SC junks govt's Vodafone review petition
Business

Second slap: SC junks govt's Vodafone review petition

The Supreme Court has thrown out the government's review petition in the Vodafone case. Will the government never learn?

Pranab's deficit target unattainable, says S&P
Economy

Pranab's deficit target unattainable, says S&P

Though the finance minister had announced various fiscal measures to tackle the deficit, there was no clear path on when the direct tax code or goods and service tax could come into effect.

Political situation forced me to be extra careful: Pranab
Economy

Political situation forced me to be extra careful: Pranab

He said that knowing the moods of the persons in Parliament, he could not do all that he wanted to in the Union Budget.

Nifty futures, Asian markets up, but Budget blues are a drag
Economy

Nifty futures, Asian markets up, but Budget blues are a drag

In terms of policy momentum, the budget drew a blank, which leaves the Indian market at the mercy of liquidity.

Despite tame Budget, investors should bet smart on Indian markets
Economy

Despite tame Budget, investors should bet smart on Indian markets

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.

Outside Parliament, Pranab talks tough on fuel prices
Economy

Outside Parliament, Pranab talks tough on fuel prices

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 taming of Mamata gives FM a chance to save his Budget
Politics

The taming of Mamata gives FM a chance to save his Budget

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.

Now, pay more for weekend getaways and dining out
Budget

Now, pay more for weekend getaways and dining out

A five star hotel stay will cost Rs 300 more on existing tariff of about Rs 15,000 per night

Budget 2012: Everything in your living room just got costlier
Business

Budget 2012: Everything in your living room just got costlier

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.

Something to cheer about: no service tax on taxis and metros
Economy

Something to cheer about: no service tax on taxis and metros

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.

Indian budget lacks 'game changing reforms': US industry
Economy

Indian budget lacks 'game changing reforms': US industry

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".

Budget 2012: South Indian cement companies to gain
Budget

Budget 2012: South Indian cement companies to gain

The impact will be positive for south Indian-companies like India Cements and Dalmia Cements as their proportion of coal imports is higher.

Budget flops, Pranab wins: Only FM between UPA and disaster
Politics

Budget flops, Pranab wins: Only FM between UPA and disaster

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.

Budget has taken the reality of India's situation: Swraj Paul
Business

Budget has taken the reality of India's situation: Swraj Paul

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 .

Budget inflationary, FMCG players warn of price hike
Business

Budget inflationary, FMCG players warn of price hike

Calling the budget a negative, FMCG players said the increase in the excise duty will push up cost.