Budget 2011

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Budget: Telecom revenue at Rs 296.48 bn

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

'Budget will curb inflation, push growth'

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

Eleven per cent hike in govt's Defence Budget

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

Budget 2011: Air travel, eating out become expensive

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.

Housing loans in Pranab's budget

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

Five-fold strategy to deal with black money menace: FM

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

Markets yo-yo on Budget proposals; Sensex closes 122 pts up

Mumbai: The stock market zoomed past the 18,000-level on a slew of investor-friendly Budget proposals like higher FII investments in corporate bonds and a cut in tax surcharge, but frenetic profit-bo

Budget 2011: Highlights

Highlights of Budget for 2011-12:

* Service tax widened to cover hotel accommodation above Rs 1,000 per day, A/C restaurants serving liquor, some category of hospitals, diagnostic tests

Petrol, diesel prices may rise

New Delhi: Petrol and diesel prices look set to be hiked after Finance Minister Pranab Mukherjee ignored calls for its reduction in customs and excise duty to contain the impact of spurt in global cr

Pencils, soups, jewellery take a hit!

New Delhi: Stationery items widely used by school children, text books, branded ready-made garments and jewellery, treatment in private hospitals, air travel and lawyer fees will become costlier foll

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