Economy News

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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
pranab-mukherjee

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
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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
President Pranab Mukherjee

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
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Union Budget 2012-13: Aam Aadmi Wants More Saving

For the aam aadmi, the week leading up to the presentation of the Union Budget is the time to look back at the past year and check their savings. Common man wants to save more this year as rising prices of basic commodities has affected their savings. Mar 9, 2012
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