Economy News

Manmohan Singh: 'Compulsions of Managing a Coalition'

In the midst of speculation whether Trinamool Congress Chief Mamata Banerjee is on the United Progressive Front's board after her recent protest about price rise in the Union budget 2012-2013, the Prime Minister Manmohan Singh has maintained "these are compulsions of managing a coalition."

Mar 17, 2012

India Inc Welcomes Union Budget 2012-2013

Leading business bodies and industrialists in the country welcomed the Union Budget 2012-2013 presented by the Union Finance Minister Pranab Mukherjee, Lok Sabha Friday.

Mar 16, 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

Union Budget: Government to Move Amendments for Banking, Insurance Laws

The official amendments to "The Pension Fund Regulatory and Development Authority Bill 2011", "The Banking Laws (Amendment) Bill, 2011" and "The Insurance Laws (Amendment) Bill 2008" will be moved in the current session of the Parliament.

Mar 16, 2012

Union Budget: Rs. 4,000 Crore Allocated to Rural Housing Fund

Presenting the General Budget 2012-13 in Lok Sabha Friday, Union Finance Minister Pranab Mukherjee announced various mashers for mitigating shortage of housing for low income groups.

Mar 16, 2012

Union Budget 2012-13: Summary

The Union Budget 2012-13 identifies five objectives to be addressed effectively in the ensuing fiscal year. Here is the summary of the general budget.

Mar 16, 2012

Union Budget 2012-2013: Rationalization Measures in Indirect Taxes

Presenting the General Budget for 2012-2013 in Lok Sabha, Friday, the Union Finance Minister Pranab Mukherjee has announced various rationalization measures, including excise duty rationalization for packaged cement.

Mar 16, 2012

Union Budget 2012-2013: Service Tax Rate to be Raised From 10% to 12%

Presenting the Union Budget for 2012-2013 in the Lok Sabha Friday, Finance Minister Pranab Mukherjee announced that service tax rate would be marginally raised from 10 percent to 12 percent.

Mar 16, 2012

Union Budget 2012-2013: Agri Customs Duty to be Reduced to 2.5 Percent

Carrying forward the initiatives taken for agriculture and agro-processing sectors, the government proposed to reduce basic customs duty from 7.5 percent to 2.5 percent on sugarcane planter, root or tuber crop harvesting machine and rotary tiller and weeder and parts for the manufacture of these.

Mar 16, 2012

Union Budget 2012-2013: Fiscal Deficit to Come Down to 5.1% of GDP

The fiscal deficit in the Union Budget 2012-13 has been pegged at Rs 5,13,590 crore which is 5.1% of the GDP.

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

indias-finance-minister-pranab-mukherjee

Union Budget 2012-13: Highlights

Finance Minister Pranab Mukherjee Friday presented the budget for 2012-13 in the Parliament. Here are the highlights of the budget.

Mar 16, 2012

Indian Economic Survey 2012-13: Summary

Indian economy is estimated to grow by 6.9% in 2011-12 mainly due to weakening industrial growth. This indicates a slowdown compared not just to the previous two years, when the economy grew by 8.4%, but also from 2003 to 2011, except 2008-9 economic downturn, when the growth rate was 6.7 percent.

Mar 15, 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