A day after presenting the federal budget for next fiscal, which mostly got negative reviews from analysts and commoners, Finance Minister Pranab Mukherjee said the government was committed to passage

Finance Minister Pranab Mukherjee on Friday said the growth of the Indian economy estimated at 6.9 percent during this fiscal year was 'disappointing' as he started presenting what was his seventh fed

* From 2012-13, full subsidies for providing food security; in other sectors to the extent the economy can bear this.

* Hope to raise Rs.30,000 crore from disinvestments.

* New equity savings scheme

Injecting a note of levity in his sombre budget presentation, a smiling Finance Minister Pranab Mukherjee told the Lok Sabha on Friday that he had no problem in a ‘rollback of the speech’.

Mukherjee,

* Infusion of Rs.15,888 crore in public sector banks, regional rural banks and NABARD in 2012-13.

* Infrastructure will require Rs.50 lakh crore in 12th Plan, half of this from the private sector.

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* Allocation of Rs.200 crore for research on climate change.

* Irrigation and water resource company to be operationalised.

* National mission on food processing to be started in cooperation with st

Implementation of the Direct Tax Code (DTC), the proposed reforms in the direct tax system, will miss the deadline of April 1, 2012, Finance Minister Pranab Mukherjee said on Friday.

Presenting the u

* Income tax exemption limit raised to Rs.2 lakh to provide relief of relief of Rs.2,000 for assessees in this catergory; 20 percent tax on income over Rs.10 lakh, up from Rs.8 lakh.

* Deduction of u

With several defence deals including the one to procure 126 combat aircraft for the IAF expected to be clinched this year, the Defence Budget was on Friday substantially hiked by more than 17 per c

Tax relief to individuals, promise to curb black money, major push on infrastructure, capital market reforms and huge subsidy cut were among proposals listed by Finance Minister Pranab Mukherjee in th