Friday, March 16, 2012

Union Budget 2012


Govt to borrow 29 paise for every rupee in its kitty Govt to borrow 29 paise for every rupee in its kitty
For every rupee in government kitty, 29 paise will come from market borrowing in 2012-13.

Govt to borrow 29 paise for every rupee in its kitty

Budget 2012 hikes infra investment upto Rs 50 lakh crore Budget 2012 hikes infra investment upto Rs 50 lakh crore
Finance Minister Pranab Mukherjee, while presenting the Union Budget 2012-13 in Lok Sabha on Friday, proposed allocation of Rs 50 lakh crore towards infrastructure investment during the Twelfth Plan period.

Budget 2012 hikes infra investment upto Rs 50 lakh crore

Budget speech: Full Text Budget speech: Full Text
Mukherjee presented the Union Budget 2012-13 amidst a huge challenge of reviving economic growth.

Budget speech: Full Text

Budget 2012: Excise Duty on 'demerit' goods hiked Budget 2012: Excise Duty on 'demerit' goods hiked
The Union Budget 2012-13 proposes to increase excise duty on ‘demerit’ goods such as certain cigarettes, hand-rolled bidis, pan masala, gutka, chewing tobacco, unmanufactured tobacco and zarda-scented tobacco.

Budget 2012: Excise Duty on 'demerit' goods hiked

Gold, platinum to cost more Gold, platinum to cost more
Gold and platinum will be costlier as the government has proposed doubling the import duty on these precious metals.

Gold, platinum to cost more

Budget 2012: Movie copyrights exempted from service tax Budget 2012: Movie copyrights exempted from service tax
In view of year 2012 being marked as the beginning of the centenary year of Indian cinema, the government, as part of the Budget proposals, announced that copyrights relating to recording of cinematographic films service tax have been exempted from service tax.

Budget 2012: Movie copyrights exempted from service tax

Advance Pricing Agreement introduced Advance Pricing Agreement introduced
With a view to bring down Tax litigation and provide Tax certainty to the foreign investors, the government on Friday introduced the Advance Pricing Agreement (APA) in the Finance Bill 2012.

Advance Pricing Agreement introduced

Budget 2012: Total expenditure estimated at Rs 14,90,925 crore Budget 2012: Total expenditure estimated at Rs 14,90,925 crore
The Gross Tax Receipts in the General Budget 2012-13 are estimated at Rs 10,77,612 crore, which is an increase of 19.5% over the revised estimates for 2011-12.

Budget 2012: Total expenditure estimated at Rs 14,90,925 crore

Budget 2012: Govt aims for fiscal deficit of 5.1% Budget 2012: Govt aims for fiscal deficit of 5.1%
The government on Friday said it aims to bring down the fiscal deficit to 5.1% of the gross domestic product (GDP), at Rs 5,13,590 crore in 2012-13. In 2011-12, the fiscal deficit stood at 5.9% of the GDP, at Rs 5,21,980 crore.

Budget 2012: Govt aims for fiscal deficit of 5.1%

Farmers to get ATM friendly smart cards Farmers to get ATM friendly smart cards
In order to make agricultural credit is easily available to farmers; the government announced on Friday that Kisan Credit Cards (KCCs) would be transformed into smart cards which could be used at ATMs also.

Farmers to get ATM friendly smart cards

Govt to borrow 29 paise for every rupee in its kitty Govt to borrow 29 paise for every rupee in its kitty
For every rupee in government kitty, 29 paise will come from market borrowing in 2012-13.

Govt to borrow 29 paise for every rupee in its kitty

Budget 2012 hikes infra investment upto Rs 50 lakh crore Budget 2012 hikes infra investment upto Rs 50 lakh crore
Finance Minister Pranab Mukherjee, while presenting the Union Budget 2012-13 in Lok Sabha on Friday, proposed allocation of Rs 50 lakh crore towards infrastructure investment during the Twelfth Plan period.

Budget 2012 hikes infra investment upto Rs 50 lakh crore

Budget speech: Full Text Budget speech: Full Text
Mukherjee presented the Union Budget 2012-13 amidst a huge challenge of reviving economic growth.

Budget speech: Full Text

Budget 2012: Excise Duty on 'demerit' goods hiked Budget 2012: Excise Duty on 'demerit' goods hiked
The Union Budget 2012-13 proposes to increase excise duty on ‘demerit’ goods such as certain cigarettes, hand-rolled bidis, pan masala, gutka, chewing tobacco, unmanufactured tobacco and zarda-scented tobacco.

Budget 2012: Excise Duty on 'demerit' goods hiked

Gold, platinum to cost more Gold, platinum to cost more
Gold and platinum will be costlier as the government has proposed doubling the import duty on these precious metals.

Gold, platinum to cost more

Budget 2012: Movie copyrights exempted from service tax Budget 2012: Movie copyrights exempted from service tax
In view of year 2012 being marked as the beginning of the centenary year of Indian cinema, the government, as part of the Budget proposals, announced that copyrights relating to recording of cinematographic films service tax have been exempted from service tax.

Budget 2012: Movie copyrights exempted from service tax

Advance Pricing Agreement introduced Advance Pricing Agreement introduced
With a view to bring down Tax litigation and provide Tax certainty to the foreign investors, the government on Friday introduced the Advance Pricing Agreement (APA) in the Finance Bill 2012.

Advance Pricing Agreement introduced

Budget 2012: Total expenditure estimated at Rs 14,90,925 crore Budget 2012: Total expenditure estimated at Rs 14,90,925 crore
The Gross Tax Receipts in the General Budget 2012-13 are estimated at Rs 10,77,612 crore, which is an increase of 19.5% over the revised estimates for 2011-12.

Budget 2012: Total expenditure estimated at Rs 14,90,925 crore

Budget 2012: Govt aims for fiscal deficit of 5.1% Budget 2012: Govt aims for fiscal deficit of 5.1%
The government on Friday said it aims to bring down the fiscal deficit to 5.1% of the gross domestic product (GDP), at Rs 5,13,590 crore in 2012-13. In 2011-12, the fiscal deficit stood at 5.9% of the GDP, at Rs 5,21,980 crore.

Budget 2012: Govt aims for fiscal deficit of 5.1%

Farmers to get ATM friendly smart cards Farmers to get ATM friendly smart cards
In order to make agricultural credit is easily available to farmers; the government announced on Friday that Kisan Credit Cards (KCCs) would be transformed into smart cards which could be used at ATMs also.

Farmers to get ATM friendly smart cards

Govt to borrow 29 paise for every rupee in its kitty Govt to borrow 29 paise for every rupee in its kitty
For every rupee in government kitty, 29 paise will come from market borrowing in 2012-13.

Govt to borrow 29 paise for every rupee in its kitty

Budget 2012 hikes infra investment upto Rs 50 lakh crore Budget 2012 hikes infra investment upto Rs 50 lakh crore
Finance Minister Pranab Mukherjee, while presenting the Union Budget 2012-13 in Lok Sabha on Friday, proposed allocation of Rs 50 lakh crore towards infrastructure investment during the Twelfth Plan period.

Budget 2012 hikes infra investment upto Rs 50 lakh crore

Budget speech: Full Text Budget speech: Full Text
Mukherjee presented the Union Budget 2012-13 amidst a huge challenge of reviving economic growth.

Budget speech: Full Text

Budget 2012: Excise Duty on 'demerit' goods hiked Budget 2012: Excise Duty on 'demerit' goods hiked
The Union Budget 2012-13 proposes to increase excise duty on ‘demerit’ goods such as certain cigarettes, hand-rolled bidis, pan masala, gutka, chewing tobacco, unmanufactured tobacco and zarda-scented tobacco.

Budget 2012: Excise Duty on 'demerit' goods hiked

Gold, platinum to cost more Gold, platinum to cost more
Gold and platinum will be costlier as the government has proposed doubling the import duty on these precious metals.

Gold, platinum to cost more

Budget 2012: Movie copyrights exempted from service tax Budget 2012: Movie copyrights exempted from service tax
In view of year 2012 being marked as the beginning of the centenary year of Indian cinema, the government, as part of the Budget proposals, announced that copyrights relating to recording of cinematographic films service tax have been exempted from service tax.

Budget 2012: Movie copyrights exempted from service tax

Advance Pricing Agreement introduced Advance Pricing Agreement introduced
With a view to bring down Tax litigation and provide Tax certainty to the foreign investors, the government on Friday introduced the Advance Pricing Agreement (APA) in the Finance Bill 2012.

Advance Pricing Agreement introduced

Budget 2012: Total expenditure estimated at Rs 14,90,925 crore Budget 2012: Total expenditure estimated at Rs 14,90,925 crore
The Gross Tax Receipts in the General Budget 2012-13 are estimated at Rs 10,77,612 crore, which is an increase of 19.5% over the revised estimates for 2011-12.

Budget 2012: Total expenditure estimated at Rs 14,90,925 crore

Budget 2012: Govt aims for fiscal deficit of 5.1% Budget 2012: Govt aims for fiscal deficit of 5.1%
The government on Friday said it aims to bring down the fiscal deficit to 5.1% of the gross domestic product (GDP), at Rs 5,13,590 crore in 2012-13. In 2011-12, the fiscal deficit stood at 5.9% of the GDP, at Rs 5,21,980 crore.

Budget 2012: Govt aims for fiscal deficit of 5.1%

Farmers to get ATM friendly smart cards Farmers to get ATM friendly smart cards
In order to make agricultural credit is easily available to farmers; the government announced on Friday that Kisan Credit Cards (KCCs) would be transformed into smart cards which could be used at ATMs also.



From Kautilya to Shakespeare: Budget gets modern on quotes From Kautilya to Shakespeare: Budget gets modern on quotes
When it comes to quoting from literary masterpieces in budget speeches, Finance Minister Pranab Mukherjee on Friday made a quantum leap to quote the great modern-era playwright Shakespeare, after invoking words of ancient Indian economist Kautilya at least thrice in the past.

From Kautilya to Shakespeare: Budget gets modern on quotes

Big cars become ‘dearer’ Big cars become ‘dearer’
Finance Minister Pranab Mukherjee on Friday announced a hike of 2 percent in excise duty imposed on large cars.

Big cars become ‘dearer’

Budget 2012: Govt sets up infrastructure debt fund Budget 2012: Govt sets up infrastructure debt fund
In a bid to prop up investment in infrastructure, the government on Friday announced that it has approved a harmonized master list of infrastructure.

Budget 2012: Govt sets up infrastructure debt fund

Budget 2012: Rajiv Gandhi Equity Savings Scheme launched Budget 2012: Rajiv Gandhi Equity Savings Scheme launched
The Union Budget 2012-13 proposes a new scheme named Rajiv Gandhi Equity Savings aimed at encouraging flow of saving in financial instruments and improving the depths of domestic capital market.

Budget 2012: Rajiv Gandhi Equity Savings Scheme launched

Plan outlay for agriculture & cooperation increased by 18% Plan outlay for agriculture & cooperation increased by 18%
The agriculture sector continues to get priority in the new budget also.

Plan outlay for agriculture & cooperation increased by 18%

Budget 2012 brings bigger baggage allowance Budget 2012 brings bigger baggage allowance
In a good news for air travellers, the government on Friday increased the duty-free baggage allowance for eligible passengers of Indian origin, as part of proposals made in Union Budget 2012-13.

Budget 2012 brings bigger baggage allowance

Budget will provide breather to <i>aam aadmi</i>: Pranab Budget will provide breather to <i>aam aadmi</i>: Pranab
Finance Minister Pranab Mukherjee, Friday, expressed confidence that the policy road map prescribed in the Union Budget 2012-13 will steer the course of the economy and will provide a breather to the aam aadmi by containing inflation.

Budget will provide breather to aam aadmi: Pranab

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

Budget boost for low-cost housing

Budget 2012: Banking and insurance law amendments Budget 2012: Banking and insurance law amendments
Union Finance Minister Pranab Mukherjee proposed amendments to three key banking and insurance laws.

Budget 2012: Banking and insurance law amendments

Budget 2012: Pranab focuses on Indirect Tax rationalisation Budget 2012: Pranab focuses on Indirect Tax rationalisation
Finance Minister Pranab Mukherjee has aimed for rationalisation of indirect taxes in Union Budget 2012-13, presented in Lok Sabha on Friday.

Budget 2012: Pranab focuses on Indirect Tax rationalisation


Farmers to get ATM friendly smart cards

From Kautilya to Shakespeare: Budget gets modern on quotes From Kautilya to Shakespeare: Budget gets modern on quotes
When it comes to quoting from literary masterpieces in budget speeches, Finance Minister Pranab Mukherjee on Friday made a quantum leap to quote the great modern-era playwright Shakespeare, after invoking words of ancient Indian economist Kautilya at least thrice in the past.

From Kautilya to Shakespeare: Budget gets modern on quotes

Big cars become ‘dearer’ Big cars become ‘dearer’
Finance Minister Pranab Mukherjee on Friday announced a hike of 2 percent in excise duty imposed on large cars.

Big cars become ‘dearer’

Budget 2012: Govt sets up infrastructure debt fund Budget 2012: Govt sets up infrastructure debt fund
In a bid to prop up investment in infrastructure, the government on Friday announced that it has approved a harmonized master list of infrastructure.

Budget 2012: Govt sets up infrastructure debt fund

Budget 2012: Rajiv Gandhi Equity Savings Scheme launched Budget 2012: Rajiv Gandhi Equity Savings Scheme launched
The Union Budget 2012-13 proposes a new scheme named Rajiv Gandhi Equity Savings aimed at encouraging flow of saving in financial instruments and improving the depths of domestic capital market.

Budget 2012: Rajiv Gandhi Equity Savings Scheme launched

Plan outlay for agriculture & cooperation increased by 18% Plan outlay for agriculture & cooperation increased by 18%
The agriculture sector continues to get priority in the new budget also.

Plan outlay for agriculture & cooperation increased by 18%

Budget 2012 brings bigger baggage allowance Budget 2012 brings bigger baggage allowance
In a good news for air travellers, the government on Friday increased the duty-free baggage allowance for eligible passengers of Indian origin, as part of proposals made in Union Budget 2012-13.

Budget 2012 brings bigger baggage allowance

Budget will provide breather to <i>aam aadmi</i>: Pranab Budget will provide breather to <i>aam aadmi</i>: Pranab
Finance Minister Pranab Mukherjee, Friday, expressed confidence that the policy road map prescribed in the Union Budget 2012-13 will steer the course of the economy and will provide a breather to the aam aadmi by containing inflation.

Budget will provide breather to aam aadmi: Pranab

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

Budget boost for low-cost housing

Budget 2012: Banking and insurance law amendments Budget 2012: Banking and insurance law amendments
Union Finance Minister Pranab Mukherjee proposed amendments to three key banking and insurance laws.

Budget 2012: Banking and insurance law amendments

Budget 2012: Pranab focuses on Indirect Tax rationalisation Budget 2012: Pranab focuses on Indirect Tax rationalisation
Finance Minister Pranab Mukherjee has aimed for rationalisation of indirect taxes in Union Budget 2012-13, presented in Lok Sabha on Friday.

Budget 2012: Pranab focuses on Indirect Tax rationalisation

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