Union Budget 2012

For every rupee in government kitty, 29 paise will come from market borrowing in 2012-13. Govt to borrow 29 paise for every rupee in its kitty Finance Minister Pranab Mukherjee, while presenting the Union Budget 2012-13 in Lok Sabha on Friday, proposed allocation of Rs 50 lakh crore towards infrastructure investment during the Twelfth Plan period. Budget 2012 hikes infra investment upto Rs 50 lakh crore Mukherjee presented the Union Budget 2012-13 amidst a huge challenge of reviving economic growth. Budget speech: Full Text The Union Budget 2012-13 proposes to increase excise duty on ‘demerit’ goods such as certain cigarettes, hand-rolled bidis, pan masala, gutka, chewing tobacco, unmanufactured tobacco and zarda-scented tobacco. Budget 2012: Excise Duty on 'demerit' goods hiked Gold and platinum will be costlier as the government has proposed doubling the import duty on these precious metals. Gold, platinum to cost more In view of year 2012 being marked as the beginning of the centenary year of Indian cinema, the government, as part of the Budget proposals, announced that copyrights relating to recording of cinematographic films service tax have been exempted from service tax. Budget 2012: Movie copyrights exempted from service tax With a view to bring down Tax litigation and provide Tax certainty to the foreign investors, the government on Friday introduced the Advance Pricing Agreement (APA) in the Finance Bill 2012. Advance Pricing Agreement introduced The Gross Tax Receipts in the General Budget 2012-13 are estimated at Rs 10,77,612 crore, which is an increase of 19.5% over the revised estimates for 2011-12. Budget 2012: Total expenditure estimated at Rs 14,90,925 crore The government on Friday said it aims to bring down the fiscal deficit to 5.1% of the gross domestic product (GDP), at Rs 5,13,590 crore in 2012-13. In 2011-12, the fiscal deficit stood at 5.9% of the GDP, at Rs 5,21,980 crore. Budget 2012: Govt aims for fiscal deficit of 5.1% In order to make agricultural credit is easily available to farmers; the government announced on Friday that Kisan Credit Cards (KCCs) would be transformed into smart cards which could be used at ATMs also. Farmers to get ATM friendly smart cards

For every rupee in government kitty, 29 paise will come from market borrowing in 2012-13. Govt to borrow 29 paise for every rupee in its kitty Finance Minister Pranab Mukherjee, while presenting the Union Budget 2012-13 in Lok Sabha on Friday, proposed allocation of Rs 50 lakh crore towards infrastructure investment during the Twelfth Plan period. Budget 2012 hikes infra investment upto Rs 50 lakh crore Mukherjee presented the Union Budget 2012-13 amidst a huge challenge of reviving economic growth. Budget speech: Full Text The Union Budget 2012-13 proposes to increase excise duty on ‘demerit’ goods such as certain cigarettes, hand-rolled bidis, pan masala, gutka, chewing tobacco, unmanufactured tobacco and zarda-scented tobacco. Budget 2012: Excise Duty on 'demerit' goods hiked Gold and platinum will be costlier as the government has proposed doubling the import duty on these precious metals. Gold, platinum to cost more In view of year 2012 being marked as the beginning of the centenary year of Indian cinema, the government, as part of the Budget proposals, announced that copyrights relating to recording of cinematographic films service tax have been exempted from service tax. Budget 2012: Movie copyrights exempted from service tax With a view to bring down Tax litigation and provide Tax certainty to the foreign investors, the government on Friday introduced the Advance Pricing Agreement (APA) in the Finance Bill 2012. Advance Pricing Agreement introduced The Gross Tax Receipts in the General Budget 2012-13 are estimated at Rs 10,77,612 crore, which is an increase of 19.5% over the revised estimates for 2011-12. Budget 2012: Total expenditure estimated at Rs 14,90,925 crore The government on Friday said it aims to bring down the fiscal deficit to 5.1% of the gross domestic product (GDP), at Rs 5,13,590 crore in 2012-13. In 2011-12, the fiscal deficit stood at 5.9% of the GDP, at Rs 5,21,980 crore. Budget 2012: Govt aims for fiscal deficit of 5.1% In order to make agricultural credit is easily available to farmers; the government announced on Friday that Kisan Credit Cards (KCCs) would be transformed into smart cards which could be used at ATMs also. Farmers to get ATM friendly smart cards

For every rupee in government kitty, 29 paise will come from market borrowing in 2012-13. Govt to borrow 29 paise for every rupee in its kitty Finance Minister Pranab Mukherjee, while presenting the Union Budget 2012-13 in Lok Sabha on Friday, proposed allocation of Rs 50 lakh crore towards infrastructure investment during the Twelfth Plan period. Budget 2012 hikes infra investment upto Rs 50 lakh crore Mukherjee presented the Union Budget 2012-13 amidst a huge challenge of reviving economic growth. Budget speech: Full Text The Union Budget 2012-13 proposes to increase excise duty on ‘demerit’ goods such as certain cigarettes, hand-rolled bidis, pan masala, gutka, chewing tobacco, unmanufactured tobacco and zarda-scented tobacco. Budget 2012: Excise Duty on 'demerit' goods hiked Gold and platinum will be costlier as the government has proposed doubling the import duty on these precious metals. Gold, platinum to cost more In view of year 2012 being marked as the beginning of the centenary year of Indian cinema, the government, as part of the Budget proposals, announced that copyrights relating to recording of cinematographic films service tax have been exempted from service tax. Budget 2012: Movie copyrights exempted from service tax With a view to bring down Tax litigation and provide Tax certainty to the foreign investors, the government on Friday introduced the Advance Pricing Agreement (APA) in the Finance Bill 2012. Advance Pricing Agreement introduced The Gross Tax Receipts in the General Budget 2012-13 are estimated at Rs 10,77,612 crore, which is an increase of 19.5% over the revised estimates for 2011-12. Budget 2012: Total expenditure estimated at Rs 14,90,925 crore The government on Friday said it aims to bring down the fiscal deficit to 5.1% of the gross domestic product (GDP), at Rs 5,13,590 crore in 2012-13. In 2011-12, the fiscal deficit stood at 5.9% of the GDP, at Rs 5,21,980 crore. Budget 2012: Govt aims for fiscal deficit of 5.1% In order to make agricultural credit is easily available to farmers; the government announced on Friday that Kisan Credit Cards (KCCs) would be transformed into smart cards which could be used at ATMs also. When it comes to quoting from literary masterpieces in budget speeches, Finance Minister Pranab Mukherjee on Friday made a quantum leap to quote the great modern-era playwright Shakespeare, after invoking words of ancient Indian economist Kautilya at least thrice in the past. From Kautilya to Shakespeare: Budget gets modern on quotes Finance Minister Pranab Mukherjee on Friday announced a hike of 2 percent in excise duty imposed on large cars. Big cars become ‘dearer’ In a bid to prop up investment in infrastructure, the government on Friday announced that it has approved a harmonized master list of infrastructure. Budget 2012: Govt sets up infrastructure debt fund The Union Budget 2012-13 proposes a new scheme named Rajiv Gandhi Equity Savings aimed at encouraging flow of saving in financial instruments and improving the depths of domestic capital market. Budget 2012: Rajiv Gandhi Equity Savings Scheme launched The agriculture sector continues to get priority in the new budget also. Plan outlay for agriculture & cooperation increased by 18% In a good news for air travellers, the government on Friday increased the duty-free baggage allowance for eligible passengers of Indian origin, as part of proposals made in Union Budget 2012-13. Budget 2012 brings bigger baggage allowance Finance Minister Pranab Mukherjee, Friday, expressed confidence that the policy road map prescribed in the Union Budget 2012-13 will steer the course of the economy and will provide a breather to the aam aadmi by containing inflation. Budget will provide breather to aam aadmi: Pranab Presenting the Union Budget 2012-13 in Lok Sabha on Friday, Finance Minister Pranab Mukherjee announced various majors for mitigating shortage of housing for low income groups. Budget boost for low-cost housing Union Finance Minister Pranab Mukherjee proposed amendments to three key banking and insurance laws. Budget 2012: Banking and insurance law amendments Finance Minister Pranab Mukherjee has aimed for rationalisation of indirect taxes in Union Budget 2012-13, presented in Lok Sabha on Friday. Budget 2012: Pranab focuses on Indirect Tax rationalisation Farmers to get ATM friendly smart cards When it comes to quoting from literary masterpieces in budget speeches, Finance Minister Pranab Mukherjee on Friday made a quantum leap to quote the great modern-era playwright Shakespeare, after invoking words of ancient Indian economist Kautilya at least thrice in the past. From Kautilya to Shakespeare: Budget gets modern on quotes Finance Minister Pranab Mukherjee on Friday announced a hike of 2 percent in excise duty imposed on large cars. Big cars become ‘dearer’ In a bid to prop up investment in infrastructure, the government on Friday announced that it has approved a harmonized master list of infrastructure. Budget 2012: Govt sets up infrastructure debt fund The Union Budget 2012-13 proposes a new scheme named Rajiv Gandhi Equity Savings aimed at encouraging flow of saving in financial instruments and improving the depths of domestic capital market. Budget 2012: Rajiv Gandhi Equity Savings Scheme launched The agriculture sector continues to get priority in the new budget also. Plan outlay for agriculture & cooperation increased by 18% In a good news for air travellers, the government on Friday increased the duty-free baggage allowance for eligible passengers of Indian origin, as part of proposals made in Union Budget 2012-13. Budget 2012 brings bigger baggage allowance Finance Minister Pranab Mukherjee, Friday, expressed confidence that the policy road map prescribed in the Union Budget 2012-13 will steer the course of the economy and will provide a breather to the aam aadmi by containing inflation. Budget will provide breather to aam aadmi: Pranab Presenting the Union Budget 2012-13 in Lok Sabha on Friday, Finance Minister Pranab Mukherjee announced various majors for mitigating shortage of housing for low income groups. Budget boost for low-cost housing Union Finance Minister Pranab Mukherjee proposed amendments to three key banking and insurance laws. Budget 2012: Banking and insurance law amendments Finance Minister Pranab Mukherjee has aimed for rationalisation of indirect taxes in Union Budget 2012-13, presented in Lok Sabha on Friday. Budget 2012: Pranab focuses on Indirect Tax rationalisation