/budget12
Fiscal consolidation a must for the budget : Exclusive chat with CA Mohandas Pai
Summary - Union Budget 2012-13
Union Budget 2012-13 Highlights
Admin (CCI Team) (12880 Points)
16 March 2012
Summary - Union Budget 2012-13
Union Budget 2012-13 Highlights
Sonakshi
(executive)
(3068 Points)
Replied 16 March 2012
*diversification of export and import mkt
*Signs that economy is now turning around
sunil
(g m)
(2308 Points)
Replied 16 March 2012
FM: India has achieved to diversify export and import markets
Expect current account defict to decrease next year
Expect GDP to grow at 7.6% next year: Pranab
Nilesh
(Finance Executive)
(1309 Points)
Replied 16 March 2012
Expect India FY13 GDP at 7.6% plus minus 0.25%
Decided to fully provide for food subsidy in the budget
Subsidy for Food Security to be fully provided
vidyasagar
(--)
(5069 Points)
Replied 16 March 2012
GST will become operational by August 2012
To examine Parliamentary Panel report on DTC
Structure of GST network approved by state FMs
Niyati
(Student)
(7680 Points)
Replied 16 March 2012
GST could be operational by 2012
To examine Parliamentary Panel report on DTC
Target set for disinvestment 30000 cr
Nilesh
(Finance Executive)
(1309 Points)
Replied 16 March 2012
Effort on for consensus on FDI in multi-brand retai
Introduction of Advance Pricing Agreement Programme (APA) to reduce transfer pricing disputes
Advance Pricing Agreements in DTC to be in Finance Bill Advance Pricing Agreements in DTC to be in Finance Bill
black money and restrictive subsidies will be prime focus areas restriction *
GST will become operational by August 2012
Nilesh
(Finance Executive)
(1309 Points)
Replied 16 March 2012
*To allow QFIs in corporate bond market
*Signs of economy turning around in March quarter
*Rs 50000 tax exemption for retail investors
*Rs 15,880 cr for PSU banks positive for SBI, PNB among others
*Signs of economy turning around in March quarter
Sonakshi
(executive)
(3068 Points)
Replied 16 March 2012
*Changes in IPO norms to increase participation in small towns
*New equity scheme for small investors: Pranab
*Lack of infrastructure is a major constraint in economic growth, says FM.
*Tax exemption on individual share invst below Rs 10 lk
*To introduce new law for microfinance cos
*12th plan infra investment at Rs 50 lakh crore
*New equity scheme for small investors: Pranab
*Propose Central KYC depository
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 16 March 2012
Budget Highlights - Live updates on Union Budget 2012
11:25 AMRs 30,000 cr divestment target in FY 13
11:24 AMDirect transfer of subsidy for kerosene initiated
11:23 AMTo implement DTC at the earliest
11:23 AMGST to be operational by August 2012
11:23 AMTo bring down subsidy to 1.7 % of GDP in the next 3 years
11:21 AMTo roll out computerized scheme for fertilizer subsidy transfer
11:20 AMEconomy to grow at 7.6% in 2012/13
11:19 AMCentral subsidies to be under 2% of GDP
11:19 AMHighlights of Pranab Mukherjee's speech
11:19 AMDecided to fully provide for food subsidy in the budget
11:18 AMET COMMENT: FRBM amended
FM says amendment to fiscal responsibility and budget management Act will be introduced in the finance bill. He highlights the concept of effective revenue deficit and better targetting of expenditure...these are concepts that will attract plenty of interest in post-budget analysis.
11:18 AMFiscal balance has deteriorated
11:17 AMFRBM implementation back on track
11:17 AMFM: Fiscal deficit rose due to subsidy
11:16 AMHigh crude oil prices hit growth, averaged $115/bbl in 2011-12
11:15 AMFM: India has achieved to diversify export and import markets
11:14 AMExpect current account defict to decrease next year
11:13 AMCurrent account defict to be at 3.6%
11:13 AMET COMMENT: Early Signs.
FM has hit the right notes so far. Domestic demand drivers, private investment, combating corruption...he's said all the necessary things, he's also said that 'mere words are not enough, we need a roadmap'...should we raise our hopes, whatever the budget turns out to be, this is a good beginning. Pundits are saying fiscal consolidation is a the biggest test. But Shankar Sharma on ET Now said in the pre-budget programme, the deficit is not that big an issue. An interesting contrarian view, and one which will be even more interesting once we know the budget's fiscal performance
11:12 AM10 year benchmark yield at 8.43%
11:12 AMExpect headline inflation to moderate further and stabilise
11:12 AMSignificant slowdown in growth over the last two years
11:11 AMFM: To address black money, corruption in public life
11:11 AMFM: To enhance supply side; cut infra bottlenecks
11:11 AMFM: To focus on domestic demand, raise private investment
11:11 AMFM: Manufacturing sector appears to be on a revival path
11:11 AMFM: Needs to improve supply side management of economy
11:11 AMFM: Numerous economic indicators suggest economy is turning around
11:10 AMET COMMENT: Budget Starts With House Bedlam
11:10 AMFY 12 was a year of recovery interrupted, says FM
11:09 AMFM: Need to improve supply side in economy
11:07 AMFM: Tight monetary policy hit consumption and growth
11:07 AMAuto stocks down on profit-booking
11:07 AMFM: Global crisis hit Indian growth
11:07 AMFM: Middle East crisis, debt worries in EU have intensified
11:06 AMPerformance this year was disappointing but as compared to peers India was better
11:05 AMGDP expected to grow at 6.9%
11:04 AMFM: Eurozone debt crisis got worse this year
11:03 AMOpposition ruckus as Pranab begins Budget speech
11:03 AMFM: It was a year of recovery and challenges
11:01 AMPranab Mukherjee starts presenting Union Budget in Parliament
Sonakshi
(executive)
(3068 Points)
Replied 16 March 2012
*Tax-free bonds, Infra doubled positive for L&T,GMR, IRB among others
*Govt to fully provide for food subsidy and food security act in 2012-13. Food Security Act will be fully provided for and subsidy to be 2 per cent of GDP for next two years: FM.
*Tax free infra bonds doubled to Rs 60000cr
*Share of manufacturing in GDP will be increased
*FDI of 49% in aviation under active consideration
*Allow ECB for low cost affordable housing projects
CA Vanamala Phani Kumar
(Proprietor of M/s Vanamala and Co)
(972 Points)
Replied 16 March 2012
Target for agriculture credit increased to Rs. 5,75,000 crore
CA Vanamala Phani Kumar
(Proprietor of M/s Vanamala and Co)
(972 Points)
Replied 16 March 2012
Government to provide Rs. 10,000 crore to NABARD for refinancing regional rural banks
M Shah
(AVP)
(39 Points)
Replied 16 March 2012
Nilesh
(Finance Executive)
(1309 Points)
Replied 16 March 2012
-F.M propose to increase the allocations in agriculture sector
- During 12th five-year plan, investment in infrastructure to be rupees 50,00000 crore: Pranab
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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