Loading Ticker...

Tag Archive for 'budget 2012'

Budget 2012: GST boost for Indian e-Commerce entrepreneurs

The E-Commerce companies and their experts are expecting the prices of the online products to get lower with the implementation of the Goods and Services Tax. The Finance Minister Pranab Mukherjee announced GST to add in the list from August 2012 onwards. Raja Lahiri, Partner-Transaction Advisory Services, Grant Thornton, said that, “This is very positive […]

Continue Reading...

Public sector banks hop on capitalization thrust

Bank of India Logo

The shares of the public sector banks rallied sharply on the bourses, as the Finance Minister, Pranab Mukherjee, declared capital infusion for them in the Union Budget 2012-13. Mukherjee also added that, Rs. 15, 888 crore will be provided for the capitalization of public sector and regional rural banks and NABARD. In this situation, a […]

Continue Reading...

Budget 2012: General Anti-Avoidance Rules introduced, IT dept is more powerful now

Department of Income Tax

It was expected that General-Anti Avoidance Rules (GAAR) is introduced in the financial budget of 2012-13. This rule is giving more power to the income tax department. They can deny tax benefit if they are observing any kind of way to avoid the tax payments to the government. For example, if an entity is well […]

Continue Reading...

What Does Budget 2012 Mean To NRIs?

NRI - Non Resident Indian

After the whole financial budget of 2012-13, there are some points has been noted down for the Non-Residential Indians (NRIs). The government will now allow the qualified foreign investors access to the Indian corporate debt market. This proposal when implemented in the market, it came up as the positive sign for the country’s shallow bond […]

Continue Reading...

Budget 2012: TV, AC, Refrigerator Get Costlier By 2-4%

Samsung India Logo

Prices of LCD TV, LED TV, refrigerator, microwave ovens, air-conditioners, etc. are going to be costly in the upcoming fiscal year by 2-4%. Now the buyers are in tension because those who were planning to buy, they have to buy all these stuffs in higher rates. In this budget, the excise duty on electronic goods […]

Continue Reading...

Budget 2012: Cars To Cost 2% More; Mercedes Disappointed By Budget

Mercedes Benz India Logo

Pranab Mukherjee after presenting the financial budget 2012 gave a blow to the sentiments of the car buyers. The excise duty on cars getting higher by 2%. The increased excise duty is going to be levied on the cars from tonight. The excise duty on the large cars has become 24% from 22%. But there […]

Continue Reading...

“Govt. Has Delivered A Practical & Inclusive Budget” – Airtel CEO Sanjay Kapoor

Bharti Airtel Logo

With the Budget announced today by Finance Minister – Pranab Mukherjee, here is what Airtel’s CEO Sanjay Kapoor thinks about the budget. When Mr. Pranab Mukherjee quoted from Shakespeare’s ‘Hamlet’ to joke about the tough job FM has towards ensuring the interest of a range of stakeholders – one couldn’t help but think of the […]

Continue Reading...

Misc. Passenger Friendly Improvements Announced In Rail Budget 2012

Maharaja Express - When Will all Indian Trains look like this?

We have already told you about Six important passenger friendly improvements which have been introduced at this year’s Rail Budget. Highlights of these are modernisation of tracks, comfortable AC lounges at stations, more information about trains for passengers and others. Read more about them here. Maharaja Express – When Will all Indian Trains look like […]

Continue Reading...