Expenditure secretary Sushma Nath took charge as the new finance secretary on Tuesday, becoming the first woman to occupy the post that drives bureaucratic coordination of the country’s financial policies, barely four weeks ahead of the presentation of the budget for 2011-12. HT reports.
The government plans to earmark Rs. 3,500 crore every year for the next five years to set up seven industrial cities on the proposed Delhi-Mumbai industrial corridor. Gaurav Choudhury reports.
As wary banks tighten norms for the scam-scarred realty sector, the government is planning to set up a fund for lenders that would act as a guarantee corpus to goad banks to lend for housing projects.
The government is likely to offer increased tax breaks for health insurance premia aimed at achieving the twin objectives of improving penetration of organised financial cover for health and channelising idle household savings towards productive purposes. Budget poll
Finance minister Pranab Mukherjee may signal the government's intent to open up foreign direct investment (FDI) in multi-brand retail as one of its measures to contain commodity prices. HT
reports. Getting to the people
As he gets set to present the budget for 2011-12, finance minister Pranab Mukherjee is looking to improve his scorecard by boosting growth, reviving industry and building infrastructure while keeping inflation and fiscal deficit in check. As the budget day dawns...
With five states heading for assembly elections in two months, finance minister Pranab Mukherjee's budget on Monday is sure to keep the aam admi on top of the government's agenda.
The finance minister, Pranab Mukherjee presented his fifth budget (third in a series) in an upbeat mood on account of the swift and broad-based growth that the Indian economy has achieved in 2010-11. M Lakshminarayanan writes.
Finance Minister Pranab Mukherjee left the salaried class looking for more. HT reports.
Giving special treatment to senior citizens, Pranab Mukherjee announced the creation of a new category of ‘Very Senior Citizens’— 80 years and above — and has offered an exemption limit of upto Rs. 5 lakh on their net taxable income beginning fiscal 2012. HT reports.
The two ITs — income tax, and information technology — are set to come together in an even greater partnership, going by the finance minister’s budget announcements. HT reports.
Salary earners having an income of less than Rs. 5 lakh a year will not need to file tax returns from this year, a finance ministry official said. HT reports.
The budget presented by our finance minister in the Parliament on Monday is technocratic and modern. Sailesh Haribhakti writes.
Loans for affordable homes are set to get cheaper with finance minister Pranab Mukherjee on Monday extending the limit of priority home loans in his budget speech. HT reports.
From a personal savings and investments perspective, the budget has been a low-impact event, and that’s not necessarily a bad thing. Dhirendra Kumar writes.