News

India Budget 2012-13: Luxuries Become Dearer

It might have appealed to the common man when Finance Minister Pranab Mukherjee, while presenting the Union Budget 2012-13 in the parliament Friday, announced the decision to raise tax exemption limit to Rs. 2 lakh. But, virtually, people are going to lose more money since service tax, excise tax and customs duty are going to be raised. The budget is the most discomforting to people who seek luxuries of life.

Mar 17, 2012

Manmohan Singh: 'Compulsions of Managing a Coalition'

In the midst of speculation whether Trinamool Congress Chief Mamata Banerjee is on the United Progressive Front's board after her recent protest about price rise in the Union budget 2012-2013, the Prime Minister Manmohan Singh has maintained "these are compulsions of managing a coalition."

Mar 17, 2012

India Inc Welcomes Union Budget 2012-2013

Leading business bodies and industrialists in the country welcomed the Union Budget 2012-2013 presented by the Union Finance Minister Pranab Mukherjee, Lok Sabha Friday.

Mar 16, 2012

Opposition Parties Call Union Budget Anti-Poor

Finance Minister Pranab Mukherjee, who presented Union Budget 2012-13 in the Parliament Friday, said his aim was to bring economy back on track. Prime Minister Manmohan Singh described it as a budget that aims at a faster and sustainable economy.

Mar 16, 2012

Union Budget: Government to Move Amendments for Banking, Insurance Laws

The official amendments to "The Pension Fund Regulatory and Development Authority Bill 2011", "The Banking Laws (Amendment) Bill, 2011" and "The Insurance Laws (Amendment) Bill 2008" will be moved in the current session of the Parliament.

Mar 16, 2012

Union Budget: Rs. 4,000 Crore Allocated to Rural Housing Fund

Presenting the General Budget 2012-13 in Lok Sabha Friday, Union Finance Minister Pranab Mukherjee announced various mashers for mitigating shortage of housing for low income groups.

Mar 16, 2012

Union Budget 2012-13: Summary

The Union Budget 2012-13 identifies five objectives to be addressed effectively in the ensuing fiscal year. Here is the summary of the general budget.

Mar 16, 2012

Union Budget 2012-2013: Rationalization Measures in Indirect Taxes

Presenting the General Budget for 2012-2013 in Lok Sabha, Friday, the Union Finance Minister Pranab Mukherjee has announced various rationalization measures, including excise duty rationalization for packaged cement.

Mar 16, 2012

Time for Congress to Break Ties with Mamata's Trinamool?

They are still holding on to each other but the crack is obvious. Mamata Banerjee's Trinamool Congress has become sort of a pain in the neck for the Congress-led UPA government with the former openly going against some bold steps taken by the Congress.

Mar 16, 2012

indias-finance-minister-pranab-mukherjee

Union Budget 2012-13: Highlights

Finance Minister Pranab Mukherjee Friday presented the budget for 2012-13 in the Parliament. Here are the highlights of the budget.

Mar 16, 2012

Battered Baby Falak Dies of Heart Attack

Battered baby Falak, who shocked the whole country with the brutality she received, died at AIIMS Hospital, Delhi, on Thursday evening after battling for life for two months. She died of heart attack.

Mar 16, 2012

Indian Economic Survey 2012-13: Summary

Indian economy is estimated to grow by 6.9% in 2011-12 mainly due to weakening industrial growth. This indicates a slowdown compared not just to the previous two years, when the economy grew by 8.4%, but also from 2003 to 2011, except 2008-9 economic downturn, when the growth rate was 6.7 percent.

Mar 15, 2012