Union budget a gross disappointment, says SP
March 17th, 2012 - 1:25 am ICT by IANS
Lucknow, March 16 (IANS) Amidst fresh attempts by the Congress to keep the Samajwadi Party (SP) in good humour, the latter launched a scathing attack on the UPA II ... Read more...
Posted in Uncategorized |
IT industry terms budget pragmatic, growth-oriented
March 16th, 2012 - 9:11 pm ICT by IANS
Bangalore, March 16 (IANS) The buoyant Indian IT industry Friday termed the union budget 2012-13 as pragmatic and growth-oriented but expressed disappointment over it not exempting Special Economic Zone ... Read more...
Posted in Business |
Excise, customs duties on large, foreign-made vehicles hiked (Lead)
March 16th, 2012 - 8:18 pm ICT by IANS
New Delhi, March 16 (IANS) Sedan and foreign-made luxury cars will cost more from April 1, 2012 as Finance Minister Pranab Mukherjee Friday proposed to raise excise and customs ... Read more...
Posted in Business |
Realty sector sore with union budget
March 16th, 2012 - 8:18 pm ICT by IANS
Mumbai, March 16 (IANS) Predicting an escalation in property prices, top players in Maharashtra's crucial realty sector Friday said they had been ignored by Finance Minister Pranab Mukherjee in ... Read more...
Posted in Business |
Gold to cost more as budget proposes to increase customs duty
March 16th, 2012 - 8:16 pm ICT by IANS
New Delhi, March 16 (IANS) Gold is set to cost more from April 1, 2012 with Finance Minister Pranab Mukherjee Friday proposing to raise import duty on standard gold ... Read more...
Posted in Business |
Budget trendsetting for rural sector: Ramesh
March 16th, 2012 - 8:10 pm ICT by IANS
New Delhi, March 16 (IANS) The budget was "trendsetting from the rural sector point of view" with allocations for rural development increased by Rs.8,000 crore, Rural Development Minister Jairam ... Read more...
Posted in Politics |
Budget gives fillip to scientific research
March 16th, 2012 - 7:43 pm ICT by IANS
New Delhi, March 16 (IANS) Research and development (R&D;) programmes in science and technology were in focus in the union budget presented Monday, with special emphasis on high computing performance ... Read more...
Posted in Sci-Tech |
Delhi-Mumbai Industrial Corridor making progress: Mukherjee
March 16th, 2012 - 7:35 pm ICT by IANS
New Delhi, March 16 (IANS) Finance Minister Pranab Mukherjee Friday informed the Lok Sabha that the Delhi-Mumbai Industrial Corridor (DMIC) is making significant progress."The DMIC is being developed on ... Read more...
Posted in Business |
8,800 km of highway targeted in 2012-13
March 16th, 2012 - 7:28 pm ICT by IANS
New Delhi, March 16 (IANS) Finance Minister Pranab Mukherjee Friday proposed building 8,800 km of highway under the national highways development project (NHDP) for the 2012-13 fiscal."I propose to ... Read more...
Posted in Business |
Union budget reflects policy paralysis, is anti people: Jayalaltihaa
March 16th, 2012 - 7:14 pm ICT by IANS
Chennai, March 16 (IANS) Tamil Nadu Chief Minister J. Jayalalithaa Friday criticised the union budget 2012-13 as anti-people and demonstrating "the continued policy paralysis gripping the central government".Reacting to ... Read more...
Posted in Politics |
Budget 2012-13 misses big picture: Yashwant Sinha
March 16th, 2012 - 6:59 pm ICT by IANS
New Delhi, March 16 (IANS) The ninth budget of the Congress-led United Progressive Alliance (UPA) misses the big picture and fails to address challenges like inflation and high economic ... Read more...
Posted in Uncategorized |
Budget: A manuscript of good intentions? (News Analysis)
March 16th, 2012 - 6:56 pm ICT by IANS
New Delhi, March 16 (IANS) It has made all the right noises about the need to reform and prune subsidies, and even extends incentives to tax payers. But without ... Read more...
Posted in Business |
Goa industry unhappy with budget
March 16th, 2012 - 6:40 pm ICT by IANS
Panaji, March 16 (IANS) Industry captains in Goa have reacted unhappily with the union budget presented Friday by Finance Minister Pranab Mukherji.While the state's apex business guild, the Goa Chamber ... Read more...
Posted in Business |
Government to raise Rs.30,000 crore from disinvestment
March 16th, 2012 - 6:35 pm ICT by IANS
New Delhi, March 16 (IANS) After being unable to mop up even half the targeted amount in the current fiscal, Finance Minister Pranab Mukherjee Friday proposed to raise Rs.30,000 ... Read more...
Posted in Business |
Budget disappointing, inflationary: Chouhan
March 16th, 2012 - 6:31 pm ICT by IANS
Bhopal, March 16 (IANS) Madhya Pradesh Chief Minister Shivraj Singh Chouhan Friday said the union budget was disappointing and would lead to further inflation.He said the excise duty ... Read more...
Posted in Politics |
Excise, customs duties on large, foreign-made vehicles hiked
March 16th, 2012 - 6:29 pm ICT by IANS
New Delhi, March 16 (IANS) Sedan and foreign-made luxury cars will cost more from April 1, 2012 as Finance Minister Pranab Mukherjee Friday proposed to raise excise and customs ... Read more...
Posted in Business |
Budget disappointing, will enhance inflation: BJP (Lead)
March 16th, 2012 - 5:54 pm ICT by IANS
New Delhi, March 16 (IANS) Calling the union budget presented Friday "burdensome", the opposition Bharatiya Janata Party (BJP) said it was disappointing and would only enhance inflation in the ... Read more...
Posted in Uncategorized |
‘Telecom bills to rise following service tax hike’ (Lead, Superseding earlier story)
March 16th, 2012 - 5:49 pm ICT by IANS
New Delhi, March 16 (IANS) Bills for mobile phones are expected to rise following a two percent hike in service tax proposed in the union budget, service provider Bharti ... Read more...
Posted in Business |
Jammu and Kashmir unhappy, with no sops in budget
March 16th, 2012 - 5:32 pm ICT by IANS
Jammu, March 16 (IANS) Finance Minister Pranab Mukherjee's seventh union budget, presented in the Lok Sabha Friday, found few takers in Jammu and Kashmir with no special schemes aimed ... Read more...
Posted in National |
Budget has failed to benefit common man: BSP
March 16th, 2012 - 5:01 pm ICT by IANS
New Delhi, March 16 (IANS) The Bahujan Samaj Party (BSP) Friday criticised the union budget for 2012-13, saying it was "below mediocre" and failed to benefit the common man."The ... Read more...
Posted in Politics |
Burdensome budget will enhance inflation: BJP
March 16th, 2012 - 4:27 pm ICT by IANS
New Delhi, March 16 (IANS) Calling the union budget presented Friday "burdensome", the opposition Bharatiya Janata Party (BJP) said it would only enhance inflation in the country."This budget will ... Read more...
Posted in Politics |
Budget is ineffective and clerical, says CPI (Lead)
March 16th, 2012 - 4:25 pm ICT by IANS
New Delhi, March 16 (IANS) The Communist Party of India (CPI) Friday slammed the union budget for 2012-13 as "clerical" and "ineffective"."It is an absolute clerical and ineffective budget. ... Read more...
Posted in Politics |
Budget proposes allows airlines to access foreign funds
March 16th, 2012 - 4:12 pm ICT by IANS
New Delhi, March 16 (IANS) In a bid to address concerns of the cash-strapped Indian civil aviation sector, Finance Minister Pranab Mukherjee Friday proposed to allow domestic airlines to ... Read more...
Posted in Business |
Income tax exemption limit raised to Rs.2 lakh
March 16th, 2012 - 4:12 pm ICT by IANS
New Delhi, March 16 (IANS) The tax exemption limit for individuals has been hiked to Rs.2 lakh from the current Rs.1.8 lakh, while the tax slabs have been re-jigged ... Read more...
Posted in Business |
Service tax raised from 10 percent to 12 percent
March 16th, 2012 - 4:12 pm ICT by IANS
New Delhi, March 16 (IANS) Most services will become costlier as Finance Minister Pranab Mukherjee Friday proposed to raise the service tax to 12 percent from the existing 10 ... Read more...
Posted in Business |
Service tax raised from 10 to 12 percent (Lead)
March 16th, 2012 - 4:11 pm ICT by IANS
New Delhi, March 16 (IANS) Most services will become costlier as Finance Minister Pranab Mukherjee Friday proposed to raise the service tax to 12 percent from the existing 10 ... Read more...
Posted in Business |
Trinamool Congress says budget is ‘tolerable’
March 16th, 2012 - 4:09 pm ICT by IANS
New Delhi, March 16 (IANS) The Trinamool Congress Friday said the union budget for 2012-13 was "tolerable"."Tolerable", Trinamool MP Derek O' Brien said in a terse one word response ... Read more...
Posted in Politics |
Budget aims at faster, inclusive growth: PM
March 16th, 2012 - 3:05 pm ICT by IANS
New Delhi, March 16 (IANS) Prime Minister Manmohan Singh Friday said the union budget for 2012-13 was aimed at faster, equitable, sustainable and more inclusive growth."Finance minister has been ... Read more...
Posted in Politics |
Union budget: Growth, fiscal consolidation top challenges
March 15th, 2012 - 9:36 pm ICT by IANS
New Delhi, March 15 (IANS) Finance Minister Pranab Mukherjee will present the budget for 2012-13 Friday against the backdrop of a sharp slowdown in growth, deteriorating fiscal conditions, continuing ... Read more...
Posted in Business |
Budget could give more for sanitation: Ramesh
March 8th, 2012 - 1:47 pm ICT by IANS
New Delhi, March 8 (IANS) Sanitation in rural India would get a boost with a likely 40 percent increase in the budget this year for construction of toilets in ... Read more...
Posted in Health |
IT industry worried over poll-results’ impact on budget
March 7th, 2012 - 8:22 pm ICT by IANS
Bangalore, March 7 (IANS) The Indian IT industry is keeping its fingers crossed on the likely impact of the election results from the five states on the ensuing Union ... Read more...
Posted in Sci-Tech |
Bengal hopeful of central funds for tourism development
March 2nd, 2012 - 12:41 am ICT by IANS
Kolkata, March 1 (IANS) West Bengal is hopeful of getting funds from the central government in the upcoming budget allocation for development of tourism, state Tourism Minister Rachhpal Singh said ... Read more...
Posted in Business |
Infosys’ Murthy wants budget to turbo-charge economy
February 27th, 2012 - 5:03 pm ICT by IANS
Bangalore, Feb 27 (IANS) The union budget for fiscal 2012-13 should "turbo-charge" the economy by making things easier for businesses to grow, create more jobs and attract more foreign ... Read more...
Posted in Business |
Finance minister says losing sleep over rising subsidy bills
February 8th, 2012 - 6:23 pm ICT by IANS
New Delhi, Feb 8 (IANS) A worried Finance Minister Pranab Mukherjee Wednesday said he is losing sleep over the rising subsidy bills, notably on food, fertiliser and petroleum products."As ... Read more...
Posted in Business |
Growth may be revised upward from 6.9 percent: Pranab
February 7th, 2012 - 6:16 pm ICT by IANS
New Delhi, Feb 7 (IANS) The economic growth for the current financial year which was projected Tuesday at 6.9 percent, is likely to be revised upwards on the back ... Read more...
Posted in Business |