BUDGET DOCUMENTS
Key to Budget Documents
Budget Highlights (Key Features)
Budget Speech
Budget at a Glance
Annual Financial Statement
Finance Bill
Memorandum
Receipt Budget
Expenditure Budget
Customs & Central Excise
The Macro Economic Framework Statement
The Medium Term Fiscal Policy Statement
The Fiscal Policy Strategy Statement
Statement of Revenue Foregone
Implementation of Budget Announcements
 
 DETAILED BUDGET HIGHLIGHTS
Budget Highlights 2012-13
Finance Minister Pranab Mukherjee begins Union Budget speech
 
 SECTORS
Mutual fund industry welcome reduction in STT
PSUs in divestment mode allowed buy-backs, stock exchange listings
Union Budget 2012-13: hard days ahead for car makers
Rs3,884-crore package for waiver of handloom loans
Major boost for health and nutrition
ECB for working capital for aviation; 49 % foreign equity under consideration
ECBS to part finance power project debt
ECB allowed for low cost housing
Government to undertakes financial sector legislative reforms
Manufacturing to get relief in customs duty
 
 
 REACTIONS
Nothing much for the housing sector, Pranab Datta, vice chairman and managing director, Knight Frank India
Life insurance to turn costlier, V Srinivasan, chief financial officer, Bharti AXA Life Insurance
Budget presents new opportunities for general, health insurers, KG Krishnamoorthy Rao, MD & CEO, Future Generali India Insurance Co Ltd
Impact on markets to be neutral, Hemant Kanawala, head of equties, Kotak Mahindra Old Mutual Life Insurance
Budget to help telecom development in rural areas
Does not address apparel sector's concerns, Dr. A Sakthivel, chairman AEPC
Budget a positive to the power sector, Rajiv Agarwal, MD, Essar Ports Limited
Realistic and balanced, Gautam Singhania, chairman and MD, Raymond Ltd
A boost for affordable housing, Rohit Inamdar, Sr V P, corp securities ratings, ICRA Ltd
Budget a blessing to the power sector, Hemal Zobalia, partner, KPMG India
Budget 2012-13 does not address critical issues of the telecom industry: COAI
No major negatives, Rajat Jain, CIO, Principal Mutual Fund
Sanjay Sachdev - president and CEO, Tata Asset Management
Murthy Nagarajan, head – fixed income, Tata Asset Management Ltd
Disappointing budget, Lalit Kumar Jain, president CREDAI
 
 COMMENT
Quite a balanced Budget
High deficit to continue in FY 13 due to uncertainty over policy implementation despite reforms: S&P
Diesel car makers spared, for now
A practical and inclusive budget for the next fiscal
Ambiguity on taxability of cross-border M&A transaction being laid to rest
Subsidy cap plan positive, tax reform lags: Fitch
Exceeds expectations for real estate sector
 
 SPECIAL REPORTS
Will deferring GAAR bring back FIIs?
GAAR deferred; excise duty on gold jewellery withdrawn
Govt seeking deal with Vodafone over tax claim: report
Tax proposals clarificatory not substantive Mukherjee to Geithner
Another global body inveighs against retrospective tax move
Jewellers end stir as government agrees to roll back duty impost
Change in Indian tax laws will hit FDI, warns global industry
First part of budget approved
Government to review excise duty on jewellery, import duty on gold to stay
No service tax on taxi, metro and second-class rail travel
Bullion traders down shutters to protest duty hike
Natgrid gets Budget boost, but not a word on NCTC
Government committed to FDI in multi-brand retail trade: Mukherjee
New equity savings scheme has investors agog
FMCG industry disappointed with excise duty hike
Budget boost for railway finances; double whammy for a/c travellers
Divestment target lowered to Rs30,000 cr for 2012-13
Pranab hopes to raise Rs40,000 cr via spectrum resale
Bent on taxing Vodafone, govt to change laws
Airlines can now borrow up to $1 bn from abroad
Gold spurts in India after Pranab doubles import duty
Carmakers to pass on excise duty burden to customers
Mukherjee's investor-friendly measures fail to cheer markets
Corporates allowed to tap lower-cost funds
Service tax net widened; indirect taxes up
Rs5,000 crore India Opportunities Venture Fund for MSMEs
Weighted deduction for expenditure in R&D and agri-extension services proposed
Gross tax revenue seen rising to Rs10, 77,612 crore in FY’13
Peak rate of customs duty of 10 per cent to stay
Budget 2012-13: Pushing infrastructure to pull industry
Disinvestment target at Rs30,000 crore
Rs15,888 crore provided for recapitalistion of public banks in Budget 2012-13
Companies can access cheaper foreign funds
Measures proposed to curb black money
Dip in tax revenue, increased subsidies hit fiscal balance
Aadhar roll out in six months; ineffective subsidies to be revisited
Budget 2012-13 aims to ease subsidy burden
Budget 2012-13: Nano relief for the salaried with Rs2 lakh I-T exemption limit
 
 PRE-BUDGET REPORTS
Car sales rev up in February as Budget looms
PM sanguine as budget session begins
Assocham seeks extended tax holiday for oil and gas exploration industry
Budget 2012: Impact on reforms post poll results
Budget: "Rope in private sector to bring back growth’
Customs duty levy on power equipment may figure in budget proposals
Engineering exporters seek budget backing for technology upgradation
Budget outlay on public health to go up to 2.5 per cent of GDP
Budget 2012: government mulls hiking excise rate to 12%
Budget will see more service taxes; states’ domain to be spared
India Inc asks finance ministry to retain tax rates at current levels
 
 
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