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
Petrol and diesel may become cheaper after the Budget as Finance minister Pranab Mukherjee is expected to slash excise and customs duties on these two fuels in his Budget for 2011-12. Gaurav Choudhury and Anupama Airy report.
Prime Minister Manmohan Singh's embattled government will likely boost spending on social programmes in a populist budget on Monday, even as India is threatened with a potentially ballooning subsidy bill for food and fuel.
Finance minister Pranab Mukherjee is likely to accept exporters demand, like extension of concessional credit scheme, when he presents the General Budget in Parliament on Monday.
Provision for the much-needed equity infusion into ailing Air India and a proposal to liberalise fund-raising capability of the Airports Authority of India may figure in the 2011-12 budget to be presented in Parliament on Monday.
In order to fight inflation by raising farm productivity, finance minister Pranab Mukherjee is expected to increase substantially farm loan disbursal target to over Rs. 4 lakh crore in the upcoming Budget.
When finance minister Pranab Mukherjee presents his Budget today, it will finally come down to managing three big problems — keeping inflation low, keeping growth high and keeping corruption in check.
Shares of state-run Coal India Ltd (CIL) soared by over 11% in early trade on the BSE on Monday as investors cheered its move to hike prices of its produce by about 15% on average.
Shares of fertiliser companies rose between 3 and 5% after federal finance minister Pranab Mukherjee in his budget speech said that a new fertiliser policy for urea was being actively considered.
The Govt says inflation a concern, but exudes confidence that it will moderate soon.
Finance minister Pranab Mukherjee, in his budget speech on Monday, announced a hike in wages for the Anganwadi workers and helpers, meeting their long due demand.
Finance Minister Pranab Mukherjee on Monday announced a slew of measures to boost investment in the infrastructure sector with a view to propel the economy on an over 9% growth trajectory in the coming years.
National carrier Air India, reeling under a financial crisis, will now get an additional equity of Rs.1,200 crore ($250 million).
India’s bid to be seen as an environment friendly country got a stamp from finance minister Pranab Mukerjee, who announced a slew of tax rebates to promote green technologies and a National Mission on hybrid and electric vehicles.
The government will infuse equity of Rs. 1200 crore into the ailing national carrier Air India (AI) in the fiscal 2011-12.