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

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Wed,22 May 2013

NEWS

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

Reforms on rewind

Walled in on four sides - by politics, slowing economic growth, high and unrelenting inflation, and inability to balance government spending with revenues - finance minister Pranab Mukherjee had little room for manoeuvre. As a result, Budget 2012 has failed to serve the growing aspirations of India 2012. Gautam Chikermane reports. Budget highlights | Poll: How do you rate Pranab's Budget?

Pranab treads softly as coalition gets choppy

Only the naïve would be overly surprised that Pranab Mukherjee's fifth budget as finance minister in the UPA government lacked a raft of measures that could usher in a wave of new economic reforms.

Reformist trapeze is a tough act

Coalition politics comes with compulsions that may hinder the UPA.

Will finance minister bite the reforms bullet?

All eyes will be on Pranab Mukherjee as he presents Budget 2012-13 buffeted by compulsions of coalition politics, a shaky domestic economy and the persisting global economic crisis. HT reports. Battle line not yet drawn

Govt underlines need for retail, aviation FDI

India's economic growth will gather speed over the next two years but radical policy changes including foreign investment in multi-brand retail and availability of agricultural land for industry are needed, the Economic Survey said. HT reports.

Budget wish: Rs. 200 cr more for CCTV cover

For Delhi Police, the budget can be a tool to provide Delhi the much-needed CCTV cover. Citing recent terror attacks, the force has asked finance ministry for an extra R200 crore to install CCTVs at six district courts, Supreme Court, high court and 28 markets.

Trinamool says it has not demanded Trivedi's resignation

The Trinamool Congress today said in Parliament that it had not asked its party leader Dinesh Trivedi to resign as railway minister, apparently changing its stance on what it had said a few hours ago. Kolaveri didi at it again | Mamata, Trivedi collide, head on

Trivedi's fate uncertain, PM says will replace him if needed

A day after Trinamool Congress chief Mamata Banerjee demanded sacking of the railway minister, Prime Minister Manmohan Singh today said the government will "consider" replacing Dinesh Trivedi if such a situation develops. HT reports. No word with Mamata, haven't resigned yet: Dinesh Trivedi

What happens to rly budget now?

The sacking of railway minister Dinesh Trivedi by her party chief Mamata Banerjee has raised questions about what happens to the budget he presented in Parliament on Wednesday.

Sensex fizzles after rosy start

A lack of incentives for attracting private sector capital investment and a fiscal deficit closer to 6% saw the benchmark 30-share Bombay Stock Exchange (BSE) Sensex erase early gains and end down 209 points, or 1.2%, at 17,466 points. Markets

Gold import news sends rupee up, but appreciation seen as temporary

The doubling of customs duties on both gold and platinum, as also on imported jewellery and an expectation of a lower current account deficit helped prop up the rupee on Friday versus the dollar, though analysts said it was a temporary effect that would soon wear off. The rupee closed the day at 50.18 to a dollar, up 20 paise from Thursday's close.