Finance Minister Pranab Mukherjee presented the federal budget for 2011-12 Monday, promising not only to address the twin issue of curbing inflation and pushing growth but also tackling corruption and lack of transparency in governance. Stating that India had bounced back after the global financial crisis with broad-based growth, he said inflation was a matter [...] Continue reading Mukherjee says budget will curb inflation, push growth
Tag Archive: budget
More highlights from union budget for 2011-12: * Current account deficit at 2009-10 levels. * Corruption a problem we have to fight collectively. * Development needs to be more inclusive. * Stronger fiscal consolidation needed. * Setting tone for newer, vibrant economy. * Economy has shown remarkable resilience to external and internal shocks. * Economy [...] Continue reading Budget highlights – 2
Ahead of the annual union budget Monday, a benchmark index for the Indian equities markets Monday was ruling higher in the morning session with traders and India Inc hoping for some incentives from Finance Minister Pranab Mukherjee. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,811.08 points, was ruling [...] Continue reading Sensex rises ahead of budget
Finance Minister Pranab Mukherjee is set to present his sixth national budget Monday, with people hoping for measures that will help them brave high prices and industry expecting steps that would spur demand and reduce tax burden. The jury is still divided whether the budget would veer towards an anti-inflation approach or be pro-growth. But [...] Continue reading Finance Minister set to present budget Feb 28
With highest ever allocation of Rs.57,630 crore ($13 billion), Railway Minister Mamata Banerjee Friday presented the rail budget for 2011-12, promising to move fast to build a stronger railroad infrastructure while addressing the needs of the average person. From more money for better safety and several industrial parks under the public-private partnership model to new [...] Continue reading Mamata’s rail budget promises growth with human face