Union Budget news

Budget boost for low-cost housing

Mukherjee announced extension of the scheme of interest subvention of 1 percent on housing loan up to Rs. 15 lakh.

Mar 20, 2012, 14:43 PM IST

Govt aims to garner Rs 1.5 lakh cr via asset sale

This would be much higher than the amount garnered by levying even an increased service tax of 12 per cent during the year.

Mar 18, 2012, 16:05 PM IST

`Budget to create demand for senior professionals'

A consumer-friendly budget will drive demand for senior professionals across organisations in the next 2-4 years.

Mar 18, 2012, 13:27 PM IST

A survivor’s Budget, at best!

As Pranab Mukherjee read out his Budget speech the politician in him was right up front.

Mar 16, 2012, 18:19 PM IST

Budget is pragmatic and credible: Chanda Kochar

ICICI Bank Managing Director and CEO Chanda Kochhar has welcomed the Union Budget 2012-13.

Mar 16, 2012, 18:04 PM IST

Budget speech: Full Text

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

Mar 16, 2012, 16:02 PM IST

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.

Mar 16, 2012, 15:54 PM IST

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.

Mar 16, 2012, 15:43 PM IST

Big cars become ‘dearer’

Finance Minister Pranab Mukherjee on Friday announced a hike of 2 percent in excise duty imposed on large cars.

Mar 16, 2012, 15:25 PM IST

Plan outlay for agriculture & cooperation increased by 18%

The agriculture sector continues to get priority in the new budget also.

Mar 16, 2012, 15:16 PM IST

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.

Mar 16, 2012, 15:06 PM IST

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.

Mar 16, 2012, 15:00 PM IST

Delhi-Mumbai corridor gets USD 4.5 bn from Japan

As part of his Budget speech, Finance Minister Pranab Mukherjee informed that the Japanese Prime Minister has announced USD 4.5 billion assistance for the Delhi-Mumbai Industrial Corridor (DMIC).

Mar 16, 2012, 14:55 PM IST

Budget 2012: Customs duty relief for manufacturing sector

The government on Friday announced customs duty cuts for the manufacturing sectors, as part of the measures proposed in the Union Budget for 2012-13.

Mar 16, 2012, 14:46 PM IST

India Opportunities Venture Fund announced

With the aim to enhance availability of equity to the micro, small and medium enterprises, the government has announced to set up an Rs 5000 crore India Opportunities Venture Fund with SIDBI.

Mar 16, 2012, 14:32 PM IST

Now, common return for central excise, service tax

As a measure of synchronization between Central Excise and Service Tax, the Government has made a number of alignments.

Mar 16, 2012, 14:27 PM IST

Budget 2012-13: Major boost for health & nutrition

The basic customs duty and excise duty reduced on iodine from 6 percent to 2.5 percent. On probiotics, the basic customs duty is now 5 percent reduced from 10 percent.

Mar 16, 2012, 14:25 PM IST

Seeking consensus on 51% FDI in multi-brand retail

The decision to permit 51% FDI in multi-brand retail trade has been kept in abeyance.

Mar 16, 2012, 14:18 PM IST

Budget aims at faster, equitable growth: PM

Prime Minister Manmohan Singh on Friday said the Union Budget for 2012-13 was aimed at faster, equitable, sustainable and more inclusive growth.

Mar 16, 2012, 14:07 PM IST

Budget 2012: Securities Transaction Tax slashed

The measure would see STT coming down from 0.125 percent to 0.1 percent.

Mar 16, 2012, 14:02 PM IST

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