Expectations

Updated : Apr 19, 2012

Budget 2012: Should FM go with power equipment makers or developers?

Ahead of the Budget, Finance Minister Pranab Mukherjee is caught between two opposing yet powerful arguments from the power sector.

Updated : Mar 15, 2012

Budget 2012: Auto sector hopes for tax sops

While the industry is facing a tough time currently, the finance minister can play the role of a catalyst by giving the much needed sops in the upcoming Budget to sustain the growth of the auto sector.

Indian Finance Minister Pranab Mukherjee talks to journalists about Economic Survey report for 2011-2012 a day ahead of presenting the annual Indian budget in New Delhi, on Thursday, March 15, 2012.

Updated : Mar 15, 2012

Budget 2012: The message from Mint Street to Pranab

If the finance minister settles for a higher fiscal deficit - beyond 5 per cent - interest rates are not going to come down drastically in the current year.

Updated : Mar 15, 2012

'Budget 2012 should give tax relief for common man'

Expenses have sky-rocketed and the economy has not been doing well. The only hope is to appeal to the government to give some tax relief.

Updated : Mar 15, 2012

Budgets are all about making realistic projections

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Updated : Mar 14, 2012

Budget 2012: Corporate America urges govt to focus on reforms

Corporate America has urged India's Finance Minister to issue a bold Union Budget that would unleash the next generation of economic reforms and help the country realise its full growth potential.

Updated : Mar 13, 2012

Budget 2012: Pranab's non-taxing option

Finance Minister Pranab Mukherjee may look to non-tax revenues to hold the budget deficit at a respectable level.

Updated : Mar 12, 2012

Budget 2012: Will Pranab implement DTC?

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Updated : Mar 7, 2012

Budget 2012: IT industry concerned over policy impact of poll results

The Indian IT industry is keeping its fingers crossed on the likely impact of the election results from the five states on the ensuing Union budget for next fiscal (2012-13), especially the government's reforms agenda.

Updated : Mar 2, 2012

Budget 2012: Media & entertainment sector seeks tax reforms

While the media and entertainment sector has tremendous growth potential, prudent fiscal legislation would help it perform at its potential.

Updated : Mar 2, 2012

Budget 2012: FMCGs want Budget to give more cash to consumers

While last year's Budget brought some cheer in the form of an upward revision in the tax exemption limit, members of the FMCG sector, this year too, expect more disposable income in the hands of consumers with a restructuring of I-T slabs in line with Direct Taxes Code.

Updated : Mar 2, 2012

Chinese dumping: ABB seeks level-playing field in India

ABB India has urged the Government of India to create a level playing field for the manufacturers of power equipment in India, on the grounds that Chinese and Korean rivals often undercut the market with imports.

Updated : Feb 24, 2012

A look at our electricity distribution mess

The losses of electricity distribution companies have ballooned though the transmission and distribution losses have come down. The centre should fix the distribution sector before it is too late.

Updated : Feb 23, 2012

Power tariff revision needs SEB reforms

The government may accede to the demands of private power developers for a tariff hike. But any increase should be accompanied by a plan to restructure the state electricity boards.

Updated : Feb 16, 2012

Budget 2012: Hike in excise duty will impact industry, says CII

In its pre-Budget memorandum to the Finance Ministry, the industry chamber has recommended continuation of 10 per cent standard rate of excise duty in the next financial year.

Centre has proposed to levy 10% additional duty on passenger diesel cars in the Budget.

Updated : Feb 13, 2012

10 per cent extra duty to be imposed on diesel cars in new Budget

Taking a cue from the Parliamentary Standing Committee on Petroleum and Natural Gas, the Centre has proposed to levy 10 per cent additional duty on passenger diesel cars in the Budget.

Updated : Feb 13, 2012

Tax relief limit may be raised to Rs 3 lakh

A House panel, according to sources, wants the government to raise the income tax exemption limit in view of the near double-digit inflation which has eroded purchasing power of rupee.

Updated : Jan 23, 2012

Budget 2012-13: Oil ministry seeks tax sops for natural gas

The Jaipal Reddy-led ministry has asked the finance ministry to waive the customs duty and slash sales tax levies on natural gas as it is a green fuel being sold to priority sectors.

Updated : Jan 18, 2012

Trade Union leaders for worker-oriented Budget

The representatives of trade unions suggested the government should come out with more social security initiatives and take steps to strengthen public sector undertakings.

The Rs 6,000 fund will be used for providing infrastructure support and also setting up research and development centres for electric and hybrid vehicles.

Updated : Jan 12, 2012

Budget 2012-2013: Green cars may get booster dose

The ministry of heavy industry is seeking a Rs 6,000 crore incentive package in the forthcoming Union Budget to boost the manufacturing of electric and hybrid cars and two-wheelers in the country.