Full Coverage - 2012-13 Union Budget

2012-13 Union Budget

Rail Budget 2013: Will P K Bansal bite the bullet on fare hike?

Cash-strapped Railways had effected passenger fare hike across the board by 21% on Jan 22.


The focus of the Rail Budget this year is on providing more amenities to passengers. (Reuters)
Rail Budget 2013-14: Railways to launch 100 trains

Thursday , 21 February '13

The focus of the Rail Budget this year is on providing more amenities to passengers.
Pranab defence: Retrospective changes should not be done but...

Monday , 19 March '12

...makes a strong case for his Budget proposal to amend the Income Tax Act.
Purchase or construction of a house would now cost more due to rise in prices of cement and steel and a hike i...
Budget: Buying of houses to cost more

Saturday , 17 March '12

Key raw materials cement and steel to cost more; service tax hiked by 2 per cent.
Finance Minister Pranab Mukherjee leaves his residence
Union Budget 2012-13: Lost chance

Saturday , 17 March '12

Budget achieve fiscal consolidation without expenditure control but via the taxman’s knock.
Leaks galore, but politics stops FM from plugging them all

Saturday , 17 March '12

After Assembly rout, Finance Minister seeks to reach out to the middle class
Ballooning subsidies throw targets amiss

Saturday , 17 March '12

Fiscal deficit touches 5.9% of GDP in 2011-12 on the back of increasing subsidies, oil price volatility and lower than expected revenue
When borrowing drives out capital

Saturday , 17 March '12

Government needs to manage debt well, if investments have to expand
Deficit goalpost pushed to FY’15

Saturday , 17 March '12

FRBM amendments propose flexibility in creating cushion for unforeseen contingencies
Pensions, NREGS funds via Aadhar

Saturday , 17 March '12

The step will benefit 12 crore farmer families, while reducing expenditure on subsidies by curtailing misuse of fertilisers.
Pvt investment key to growth

Saturday , 17 March '12

Inflation to moderate and stabilise; help growth rebound
Agri schemes streamlined into missions

Saturday , 17 March '12

Proposals aim to woo private investment in agriculture sector
Hard look at subsidies; diesel, fertiliser price decontrol likely

Saturday , 17 March '12

Fiscal consolidation calls for efforts both to raise the tax-GDP ratio and to lower the expenditure.
No free drugs, but 50% hike in allocation for ICDS

Saturday , 17 March '12

Six life-saving drugs get full exemption from excise duty, big chunk for NHRM
19% increase for education sector

Saturday , 17 March '12

The education sector has attracted a near 19 per cent hike in its budgetary allocation, and it is schools and flagship projects that continue to retain top focus
Ailing airlines get $1 bn ECB breather

Saturday , 17 March '12

Proposal to allow foreign carriers to invest up to 49% in domestic carriers under Cabinet consideration
Excise sop for garments, customs waiver for looms

Saturday , 17 March '12

The Budget also announced two more handloom clusters in Andhra Pradesh and Jharkhand, along with a powerloom mega cluster in Maharashtra with an allocation of Rs 70 crore.
Advantage high-income group

Saturday , 17 March '12

There is more to cheer for those who earn more. Individuals with an annual income of Rs 10 lakh or more will end up saving a neat Rs 22,660. Those who earn up to Rs 8 lakh will save just Rs 2,060. No additional sops for senior citizens and women this time around
Small hike for small cars, big for bigger

Saturday , 17 March '12

12% excise duty on small cars, 22-24% on vehicles with bigger engine & length
STT slashed, but market says it’s too little

Saturday , 17 March '12

Securities transaction tax reduced by 20 per cent, from 0.125 per cent to 0.1 per cent, on cash delivery transactions