Economic Survey

Treasury Considers Phase Out of Accelerated Depreciation for Some Industries to Attain Budget Surplus

The Treasury is studying the phase out of accelerated depreciation and research and development tax breaks for some industries for the Gillard government to deliver its promise of a budget surplus by 2012-13.

Mar 30, 2012

India Budget 2012-13: Luxuries Become Dearer

It might have appealed to the common man when Finance Minister Pranab Mukherjee, while presenting the Union Budget 2012-13 in the parliament Friday, announced the decision to raise tax exemption limit to Rs. 2 lakh. But, virtually, people are going to lose more money since service tax, excise tax and customs duty are going to be raised. The budget is the most discomforting to people who seek luxuries of life.

Mar 17, 2012

BSE Sensex Falls After India's Modest Budget

The BSE Sensex fell for second consecutive days following the presentation of India's annual budget for the fiscal year.

Mar 16, 2012

Opposition Parties Call Union Budget Anti-Poor

Finance Minister Pranab Mukherjee, who presented Union Budget 2012-13 in the Parliament Friday, said his aim was to bring economy back on track. Prime Minister Manmohan Singh described it as a budget that aims at a faster and sustainable economy.

Mar 16, 2012

Budget 2012-2013: FRBM Act to be Amended

While presenting the Union Budget 2012-13 in the Parliament Friday, Union Finance Minister Pranab Mukherjee announced the introduction of amendments to the Fiscal Responsibility and Budget Management Act, 2003.

Mar 16, 2012

Indian Budget 2012-13: What the Industry Expects from FM

The Government of India is scheduled to present the Union Budget for FY2013 on March 16, which is crucial for the economy and markets.

Mar 15, 2012

Economic Survey 2011-12 Projects 5 Percent Industrial Growth in Current Financial Year

The Economic Survey 2011-12, tabled in the Lok Sabha Thursday by Finance Minister Pranab Mukherjee, has projected the industrial-sector growth during the current financial year to be between 4 to 5%.

Mar 15, 2012

Indian Economy Will Soon Be Back to 8-9 Percent Growth Trajectory: President

Stating that the current year has been a difficult one for the world economy, Indian President Pratibha Patil said that the country would back to the high economic growth trajectory of 8 to 9 percent.

Mar 12, 2012

Budget 2012: Budget Session Begins Today, Tough Time Awaits Congress Govt

With the Parliament Budget session starting today (Monday), the Congress-led UPA government is likely to have a hard time. Pressure will be more following the poor shoe of the party at recent assembly elections.

Mar 12, 2012

India Budget Liveblog

Welcome to India Budget Liveblog from the International Business Times India edition.

Mar 9, 2012