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Reformist trapeze is a tough act

Coalition politics comes with compulsions that may hinder the UPA.

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?

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

This budget should be bold and realistic: new FICCI chief

Achieving political consensus for impending policy reforms tops the agenda of R V Kanoria, the newly-elected president of the Federation of Indian Chambers of Commerce and Industry (FICCI).

Losing sleep over rising subsidy bill: Pranab

Worried over the impact of rising expenditure on the fiscal deficit, finance minister Pranab Mukherjee today said he is "losing sleep" over skyrocketing subsidy bill which could exceed budget estimates by over Rs. 1 lakh crore in 2011-12.

I-T redefining wealth, taxing times ahead

If you bought a watch worth more than Rs. 50,000, an expensive painting or inherited jewellery but didn't mention it in your I-T returns, think again. Finance minister Pranab Mukherjee is likely to announce a wealth tax on these items in Budget 2012. Gaurav Choudhury reports. Taxman's watching

Policy making in times of slowdown

Falling growth, low business sentiment and corruption scandals. Finance minister Pranab Mukherjee and his team have their plates-full ahead of the most important annual financial exercise.

Share transfers set to be taxed

The government is likely to announce measures in budget 2012-13 that will empower authorities to tax companies for acquiring assets in India even if the deal is concluded overseas, Gaurav Choudhury reports. Plugging the loophole

House panel for abolition of STT, no change in 30% corporate tax

A parliamentary panel on Friday recommended a host of measures, including abolishing the Securities Transaction Tax on trade of equities, but suggested that corporate income tax rate should be retained at the current level of 30%. HT reports. Tax leaks through loopholes

Black money issue to figure in budget session

The issue of bringing back Indian black money stashed abroad is likely to figure prominently in the budget session of Parliament beginning Monday with BJP leader L K Advani today saying that the opposition was eager to know how the government had tackled the matter.

Budget Session from tomorrow, portends tough time for govt

The Budget session of Parliament beginning tomorrow portends a tough time for the government against the backdrop of reverses the Congress suffered at the Assembly elections and the possibility of issues like federalism bringing unlikely forces together.

Big-ticket reforms on hold for a ‘safe’ budget session

With regional parties, including ally Trinamool Congress, gearing up for a ‘federal front’ and the Opposition aiming to corner the Congress after the assembly polls, the UPA govt is bracing for a stormy budget session of Parliament starting Monday. Saubhadra Chatterji reports. Poll shadow on economic agenda | NDA not to boycott PC | Budget, harbinger of hope

'Confident' PM says UPA has the numbers to tackle issues

Expressing confidence that the budget session of Parliament would run smoothly, Prime Minister Manmohan Singh today said the government was willing to discuss and debate all issues on the floor of the House. Big-ticket reforms on hold for a ‘safe’ budget session

Economy will grow at 9% soon: President

President Pratibha Devisingh Patil expressed confidence of economy reverting back to 8 to 9% growth amid strong domestic fundamentals and announced a slew of pro-people measures before the budget on March 16. HT reports. No compromise on nuclear safety: Govt | Prez favours setting up of NCTC | Highlights of President's speech

'Government working to get information on black money'

The government had taken steps to open channels for wider information on black money from foreign countries, President Pratibha Patil said on Monday and stressed that automated delivery of public services with minimum human intervention was a key step towards reducing corruption.
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What do you expect from Budget 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.