Cheering Budget proposals enhancing FII limits and slashing the surcharge on corporate tax, the Bombay Stock Exchange benchmark Sensex was trading over 550 points higher at mid-session on Monday.

Investors cheered the Budget 2011-12 on Monday pushing up the Sensex nearly 600 points before profit-booking erased gains as the BSE benchmark index closed at over 17,823, up about 122 points.

Prime Minister Manmohan Singh's embattled government will likely boost spending on social programmes in a populist Budget on Monday, even as India is threatened with a potentially ballooning subsidy bill for food and fuel.

Prime Minister Manmohan Singh on Monday said finance minister Pranab Mukherjee has "done a good job" by presenting a growth-oriented and inclusive Budget.

Following is the list of items, the prices of which, Pranab Mukherjee has decided to change.

Items to be cheaper:

* Mobile phones
* Refrigerators
* Home loans
* Cement

New Delhi: 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 S

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

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.

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