Mukherjee's budget promises tax relief, subsidy cut, reforms
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
Prominent highlights of 2012-13 budget
Prominent highlights of the budget for 2012-13 presented by Finance Minister Pranab Mukherjee in the Lok Sabha on Friday:
* Income tax exemption limit raised to Rs.2 lakh to provide relief of relief
Budget is 'anti-people', will lead to further price rise: BJP
BJP on Friday slammed the Union Budget as 'anti-people' and said it would lead to further price rise hitting the common man.
Budget to be inflationary, says industry
As Finance Minister Pranab Mukherjee resorted to mopping up more taxes, a disappointed India Inc on Friday said his Budget is a 'missed opportunity' and would have cascading impact on inflation and
Union Budget: Growth, fiscal consolidation top challenges
Finance minister Pranab Mukherjee will present the budget for 2012-13 on Friday against the backdrop of a sharp slowdown in growth, deteriorating fiscal conditions, continuing inflationary pressure an
India's businesses fear more taxes in Budget 2012
India's businesses, already facing high interest rates and a global economic slowdown, worry that the finance ministry will ask them to shoulder a bigger tax burden in the budget set for release on Fr
Government cuts Securities Transaction Tax to 0.1 pc
The government on Friday lowered the Securities Transaction Tax (STT) to 0.1 per cent, a move that will bring down costs of equity transactions.
"In order to reduce transaction costs in the capital
Pranab Mukherjee presents his 7th Union Budget
Finance Minister Pranab Mukherjee started presenting what was his seventh federal budget in the Lok Sabha on Friday, with a reference to the state of the global economy and its impact on India.
Ahead
Service tax rate hiked to 12 per cent; to fetch Rs 18,660 crore more
Telephone use, eat-outs and other activities will cost more as Finance Minister Pranab Mukherjee on Friday proposed increasing the service tax rate to 12 per cent from 10 per cent and introducing a
India's growth disappointing, but recovering: Mukherjee
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