Stating that India has bounced back after the global financial crisis with broad-based growth, finance minister Pranab Mukherjee began presenting the federal budget for 2011-12 in the Lok Sabha on Monday.

New Delhi: Income tax exemption limit for individuals has been raised from Rs 1.6 lakh to Rs 1.8 lakh, giving a relief of Rs 2000 to every tax payer, in the Budget for 2011-12 which widened the Serv

New Delhi: The government expects to raise Rs.29,648.33 crore (Rs.296.48 billion) through recurring licence fees and other usage charges from the telecom sector, according to the general budget for 20

New Delhi: Finance Minister Pranab Mukherjee presented the federal budget for 2011-12 on Monday, promising not only to address the twin issue of curbing inflation and pushing growth but also tackling

India on Monday steeply hiked its defence Budget by 11 per cent, pegging the 2011-12 allocation at Rs164,415 crore (nearly $36 billion), to fuel the rapid modernisation of the Army, Navy and the Air F

Income tax exemption limit for individuals has been raised from Rs 1.6 lakh to Rs 1.8 lakh, giving a relief of Rs 2000 to every tax payer, in the Budget for 2011-12 which widened the service tax net to cover more services that will raise the cost of air travel, hotel accommodation and those who drink in AC restaurants.

New Delhi: The government today said low-cost housing loans of Rs 15 lakh will be eligible for one per cent interest subsidy, which will help in increasing the demand for such housing.

In his Budg

New Delhi: Expressing "serious concern" over the generation and circulation of black money, Finance Minister Pranab Mukherjee today said the government has adopted a five-fold strategy to deal with