Mkts give thumbs up to Pranab's Budget, Sensex soars 550 points
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.
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
Mukherjee begins presenting federal budget
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
Finance minister has done a good job: PM
Prime Minister Manmohan Singh on Monday said finance minister Pranab Mukherjee has "done a good job" by presenting a growth-oriented and inclusive Budget.
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.
Pranab Mukherjee starts presenting Budget 2011-12
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.
Tax exemption limit at Rs 1.8 lakh; air travel, hotel stay to hurt
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
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 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