Budget 2012: News, Views, Analysis on Union and Railway Budget of India presented by Hindustan Times

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Thu,23 May 2013

What do you expect from Budget 2012?

New Delhi, March 11, 2012

The Budget 2012-13 will be presented on March 16 by the Union finance minister Pranab Mukherjee. Share with us your views and expectations from the finance minister on this year's budget.

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Will reply to rail budget debate in Parliament: Dinesh Trivedi

Continuing his defiance, Railway minister Dinesh Trivedi today rejected Trinamool Congress directive to him to resign from the post unless given in writing as Mamata Banerjee insisted that PM Manmohan Singh should remove him. TMC asks Trivedi to resign, he seeks Mamata's written order

Budget has taken the reality of India's situation: Swraj Paul

Reacting to the budget, leading NRI industrialist Lord Swraj Paul has said there are too many problems that exist which need to be dealt with to make the economy better. Budget highlights | Poll: How do you rate Pranab's Budget?

Reforms on rewind

SECTORS

No import duty on power gear for now

Much against expectations that the budget will impose a 19% duty on imported power equipment to check on low-quality gear imports from China, finance minister Pranab Mukherjee chose against introducing any such new duties.

Airlines allowed to access foreign funds, Air India gets Rs. 4,000-cr budgetary aid

In good news for India’s debt-laden aviation sector, the government has permitted external commercial borrowing (ECB) of up to $1 billion to help the country’s bleeding airlines that are likely to post a combined loss of $2.5 billion (Rs 12,575 crore) this fiscal year, raise cash.

No action, long wait for retailers continue

Contrary to expectations, finance minister Pranab Mukherjee did not make any major announcement to boost the sector. Experts pointed out that Mukherjee focussed only on growth and stability, while steering clear of any instant actionable points for the retail sector.

Industry gives a thumbs down

Finance minister Pranab Mukherjee did not give the domestic industry much to cheer about despite strong signs of a crippling industrial slowdown.

Reforms on rewind

Boost for markets: Tax exempt scheme for retail investors

In order to increase retail participation in the capital market, finance minister Pranab Mukherjee has proposed a tax exemption scheme for new investors in the budget. HT reports.

Railway Budget 2012

Congress puts Trivedi sacking, and Mamata, on hold

For the first time in its tortuous relationship with the mercurial boss of the Trinamool Congress, Mamata Banerjee, the Congress has decided to put up resistance - by making her wait for Dinesh Trivedi's removal. HT reports.

Unions back Trivedi, threaten strike if fare hike is rolled back

Railway minister Dinesh Trivedi, who is facing opposition from within his own party for proposing a hike in passenger fare in the Rail Budget, today got support from the Railway Unions which lauded his initiative and refused to accept a rollback.

Congress puts Trivedi sacking, and Mamata, on hold

Other side of budget

21 Feb

COMMENT

Numbers 'ridiculous', budget unless rectified will doom economy: Swamy

Terming the Union Budget as "ridiculous", Janata Party president Subramanian Swamy today said that the fiscal proposals unless rectified will "doom the economy". The other side of budget | Highlights | Reforms on rewind

Budget shows pragmatic path to growth

The Union Budget came at a time of slowing manufacturing growth, and a widening fiscal deficit, caused mostly by high oil prices. Private sector investment spending has almost halted. Even the Economic Survey says that it is imperative to quickly revive investment sentiment, and give a big impetus to industrial production.

MARKETS

BUDGET FOR YOU

Budget 2012: No service tax on Metro, taxi, 2nd-class rail travel

Metered taxis, entry to amusement facilities, second-class rail travel, and betting, gambling and lottery will not attract the 12% service tax, as per the budget proposal. The other side of budget | Highlights | Reforms

A little more cash for common man

For an economy still slowing down and unlikely to see brisk hiring or steep payhikes, finance minister Pranab Mukherjee has given salaried bread-winners a reason to cheer. HT reports. Graphics | Personal taxes

Pranab plays safe, no bold reforms in budget

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