Union Budget 2011

• Insurance, pension amendment bills to be introduced

  The government will move The Insurance Laws (Amendment) Bill, 2008 and The Pension Fund Regulatory and Development Authority (PFRDA) Bill, 2011 during the budget session, Finance Minister Pranab Mukherjee said.

• Greece Crisis: Deficit to exceed target in 2011

  Debt-crippled Greece's budget deficit is expected to hit 9.6 per cent of economic output in 2011

• Auto stocks up after excise rate unchanged in Budget

  Auto stocks rose by over 4 per cent in early trade on the BSE on Tuesday, bolstered by the government's move to keep the central excise duty rate unchanged. Shares of Bajaj Auto went up by 4.62 per cent to an early high of Rs 1,327 on the Bombay Stock Exchange (BSE), becoming the top gainer among the BSE 30-Sensex stocks. Market observers t...

• Union Budget 2011 disappoints microfinance sector

  The Budget is a disappointing one for the micro-finance (MFI) sector and the Finance Minister could have done more than the few announcements which were made, the head of an umbrella body of MFIs-MFIN said. "Overall it is a very disappointing budget from the MFI perspective...there are a couple of announcements but those are either old issu...

• Nothing cheering for IT sector in Budget

  The 2011-12 Budget has failed to bring cheer to the Indian IT sector as Finance Minister Pranab Mukherjee did not make any major announcements to boost the segment. IT companies were batting for reduced tax rates and continuation of sops under the STPI to help the industry, which is seeing a recovery in demand after almost two years of slowd...

• Where the Budget rupee comes from, where does it go?

  In a good sign, the government will depend less on borrowing to finance budgetary proposals in 2011-12 than in the ongoing 2010-11 financial year. Borrowings will comprise 27 paise out every rupee that the government plans to spend in 2011-12, compared to 29 paise in the current financial year, as per the proposals presented by Finance Minis...

• Rahul Bajaj hails Union Budget 2011

  Led by Bajaj Auto Chairman Rahul Bajaj, the automobile industry has praised Finance Minister Pranab Mukherjee's decision not to raise excise duty on vehicles in the Union Budget on Monday. "It is a good budget... I congratulate Pranab Mukherjee for not raising excise duties on vehicles," Bajaj said in Mumbai. "We are very happy the gov...

• Union Budget 2011: Pranab's reform push

  Union Budget 2011-12, presented by Finance Minister Pranab Mukherjee in Parliament on Monday, announced a divestment target of Rs 40,000 crore for 2011-12, speeding up of various pending financial sector bills and new bank licenses to be issued to private players. Here are some major announcements made by Mukherjee in his Budget speech: &bul...

• Union Budget 2011: Pranab Mukherjee’s full speech

  Here's the full speech of Finance Minister Pranab Mukherjee: Madam Speaker, I rise to present the Union Budget for 2011-12.             We are reaching the end of a remarkable fiscal year. In a globalised world with its share of uncertainties and rapid changes, this year brought ...

• Union Budget 2011: Tax Proposals at a glance

  Higher tax exemption limit for individuals, significant benefits for senior citizens, retention of service tax at 10 per cent and withdrawal of some duty exemptions were some of the major tax-related highlights of the Budget 2011-12 presented by Finance Minister Pranab Mukherjee today. Here are some major announcements: Tax exemptio...

• Union Budget 2011: New income tax slabs

  Following is the table of new income tax slabs proposed by Finance Minister Pranab Mukherjee in Budget 2011-12: General Tax Payers Up to Rs 1,80,000                      :         &nbs...

• Union Budget 2011: What's cheaper, costlier?

  TO BE CHEAPER: Mobile Phones Refrigerators Home Loans Cement Printers Paper Diapers & Sanitary Napkins Homeopathic Medicines Soap Steel Yarn/Raw Silk LED Lights Battery Driven Vehicles Agriculture Machinery TO COST MORE: Healthcare in top-end p...

• Union Budget 2011: Highlights

  OPPORTUNITIES Swift and broad based growth in 2010-11 has put the economy back to its pre-crisis growth trajectory. Fiscal consolidation has been impressive. Significant progress in critical institutional reforms that would set the pace for double-digit growth in the near future. Dynamism in the rural economy due to scaled up...

• Budget to meet challenges of economic growth: PM

  Prime Minister Manmohan Singh on Monday said the Budget was aimed at consolidation of fiscal deficit and moderation of taxes and will meet challenges of the economic growth of the country. On the controversial black money issue and lack of any amnesty scheme in the Budget to bring it back, Singh said there have been such schemes in past that...

• Economy to grow at 9% in 2011: Pranab

  The finance minister today said that the GDP for 2010-11 grew at an impressive 8.6 per cent. The agriculture sector has grown at 5.6 per cent, industries grew at 8.1 per cent and the services sector has grown at 9.6 per cent. The economy is likely to grow at 9 per cent in FY 12, the FM added. The current account deficit is a concern and we e...