/budget12
Fiscal consolidation a must for the budget : Exclusive chat with CA Mohandas Pai
Summary - Union Budget 2012-13
Union Budget 2012-13 Highlights
95 Replies
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)
(7830 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
Structure of GST network approved by state FMs
Drafting of model Goods & Services Tax legislation is underway and is expected by August
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
11:50 AM
Plan outlay for agriculture raised by 18% to Rs 20208 crore in FY 13
11:50 AM
Rs 300 crore for intensified irrigation program
11:50 AM
ET COMMENT: The Kingfisher Budget Proposal
11:48 AM
Retail stocks rally as Budget commits to multi-brand FDI
11:47 AM
Irrigation, dams to be eligible for special funding
11:47 AM
Telecom towers made eligible for viability gap funding
11:46 AM
Fuel supply constraints have hit power supplies nationally
11:46 AM
Will allow external commercial borrowing for power, housing road construction companies
11:46 AM
To make 8,800 km of highways in FY13; outlay raised
11:45 AM
Plan outlay raised 18% to Rs 20,208 cr for agriculture
11:45 AM
Change in IPO guidleines to promote small town participation
11:44 AM
To allow ECB funding to finance working capital needs of airlines for 1 year
11:43 AM
FDI in aviation is under active consideration
11:42 AM
Rs 10000 crore of tax fee bonds for power sector
11:42 AM
To allow ECB funding to finance working capital needs of airlines
11:41 AM
To become self sufficient in urea production in next 5 years
11:40 AM
Share of manufacturing in GDP will be increased
11:39 AM
To allow ECB to fund part finance power rupee debt
11:39 AM
Oil and gas pipelines to be eligible for viable gap funding
11:39 AM
Double infra debt amount to Rs 60,000 crore
11:39 AM
DTC to be implemented at the earliest
11:37 AM
To allow qualified FII into domestic corporate bonds
11:37 AM
Rs 15890 crores for recapitalization of PSU banks
11:37 AM
Extend RRB capitalisation for 2 years
11:37 AM
Propose Central KYC depository
11:37 AM
12th plan infra investment at Rs 50 lakh crore
11:36 AM
Shares of BHEL trading 3.6% higher at Rs 293.85, top Sens*x gainer
11:36 AM
Top Sens*x losers: RIL (down 0.8%), Hero MotoCorp (down 0.6%) and Tata Motors (down 0.6%)
11:36 AM
BSE realty index gains 2%, BSE banking index up 2% and BSE power index rose 1.8%
11:35 AM
Sens*x trading 180 points higher led by gains in ICICI Bank, HDFC Bank and ITC
11:32 AM
ET COMMENT: GOOD FOR RETAIL INVESTORS?
11:32 AM
ET COMMENT: One Good Thing About Subsidy Reform
11:30 AM
Inflation & current account deficit to come down next year
11:30 AM
Focus on removing infrastructure bottlenecks
11:29 AM
Changes in IPO norms to increase participation in small towns
11:29 AM
To introduce new Rajiv Gandhi equity scheme
11:29 AM
Government to include advance pricing in Finance Bill 2012
11:28 AM
Find ways to expedite implementation of decision, prompt delivery and good governance with transparency, while curbing black money and corruption
11:28 AM
Remove bottlenecks in agriculture, energy, transport, coal, power and national highways
11:28 AM
Ensure rapid rise in private investment
11:28 AM
Frame policies that trigger domestic demand recovery
11:27 AM
To implement Direct Tax Code at the earliest
11:26 AM
Signs of economy turning around in March quarter
11:26 AM
Efforts continue to arrive at consensus for 51% in retail FDI
11:25 AM
ET COMMENT: Subsidy Reform?
11:25 AM
To continue to hold 51% stake in state owned companies
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
-Change in IPO guidleines to promote small town participation
- Additional 3% subvention to be available top prompt-payment
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