11633 stories by IPA Staff
Sensex dips 210 points on higher tax proposals
In highly volatile movements, the BSE benchmark Sensex on Friday plunged nearly 210 points as the government’s budgetary proposals to raise taxes dampened the market sentiment, even as global stock markets were firm. Sensex saw the day’s high of 17,871 but fell as Finance Minister Pranab Mukherjee unveiled the...
Sachin creates history with 100th ton
A long wait for the coveted landmark came to an end as Sachin Tendulkar scored his 100th century on Friday against Bangladesh at Dhaka. Iconic Indian batsman Sachin Tendulkar on Friday scripted history by becoming the first cricketer in the world to score 100 international centuries, a phenomenal feat...
Budget Fails To Cheer Industry; Neither Reformist Nor Populist
By Nantoo Banerjee The Rs. 14.90-trillion crore heavily debt-dependant annual budget for 2012-13 is a road to almost nowhere. From the country’s proverbial Aam Aadmi to the lofty air-conditioned stock exchange tower on Mumbai’sDalal Street, all are confused about the direction of the budget. Stockbrokers, who expected a big-ticket...
A Pragmatic Budget Amidst Political Crisis
By Nitya Chakraborty NEW DELHI: Finance Minister Pranab Mukherjee has done what he was expected to do. In his 2012-13 budget, Pranabbabu has acted as a crisis manager of the second United Progressive Alliance Government and has come out with a policy package which may not be bold or...
Central Budget a Mixed Bag for the Textile Industry: CITI
Friday, March 16, 2012, New Delhi: The Confederation of Indian Textile Industry (CITI) has welcomed some of the announcements included in the Central Budget presented by Shri Pranab Mukherjee, the Honourable Finance Minister of India today. In a statement here, Shri S.V. Arumugam, Chairman, CITI stated that abolition of...
Haryana Chief Minister hails the Union Budget 2012-13
Chandigarh, March 16- Haryana Chief Minister Mr Bhupinder Singh Hooda has hailed the Union Budget 2012-13 presented by Union Finance Minister, Mr Pranab Mukherjee in the Parliament today and described it as a pro-people and progressive budget which would boost economy and benefit all sections of the society, especially...
Haryana Education Minister Welcoms Union Budget
Chandigarh, March 16- Haryana Education and Social Justice and Empowerment Minister, Mrs Geeta Bhukkal has welcomed the Union Budget for the year 2012-13. In a statement issued here today, she appreciated the proposal to have an increase of 18 per cent to Rs.37,113 crore for Scheduled Castes Sub Plan...
Reports on threat of sanctions on India highly speculative:US
WASHINGTON: Amid reports claiming America has threatened India with sanctions if it does not reduce its Iranian oil imports by June end, US officials on Friday said Washington and New Delhi are having “productive conversations” on the issue and termed the reports as “highly speculative”. “Recent headlines on India...
Union Budget 2012-13: What goes up, down
NEW DELHI: Pranab Mukherjee, while presenting the Union Budget 2012-2013 proposed to increase duty on large cars and refined gold and remove any duty on import of silver. Here is a look at what goes up and what goes down. Almost all the manufactured items used in every day...
Defence budget hiked by more than 17 pc
With several defence deals including the one to procure 126 combat aircraft for the IAF expected to be clinched this year, the Defence Budget was today substantially hiked by more than 17% to Rs 1,93,407 crore from last year’s Rs 1,64,415 crore. Of the total outlay, over Rs 79,500...
