Hike in excise duty and service tax will push up a lot of prices, and inflation
The Prime Minister says the country should work harder to return to a high growth path.
Budget 2012 elicited a few rare positive responses from industry players. SupportBiz found out where exactly the cheer comes from.
The die has been cast. But India Inc feels that more needs to be done to stimulate the economy in tough times like these.
Mukul Roy to head railways ministry.
Very few are impressed with Pranabda's Budget. Some industry leaders are calling it 'a quiet budget'. Others think of it as a missed opportunity.
Pranab Mukherjee emphasized the need for accelerating “the pace of reforms." While 2011-12's performance had been disappointing, India still remains among the front-runners in economic growth, he said.
FM Speak: Standard excise duty rate up from 10 percent to 12 percent
FM Speak: To introduce a new law for micro finance institutions (MFIs).
FM Speak: Withholding tax lowered to five percent