BUDGET 2011

  • Govt may remove excise duty on branded clothes March 30, 2011

    New Delhi: The government is considering to roll back 10 per cent excise duty on branded garments, due to large scale protest by industry bodies in many parts of the country, including West Bengal, which goes to polls next month. "The excise duty on readymade garments...
  • Axe healthcare tax: Indian medical fraternity March 9, 2011

    New Delhi: Ever since the govt announced a new service tax on healthcare services this union budget, pressure has been growing to announce a rollback. Noted cardiac surgeon Dr Devi Shetty launched a nationwide appeal calling this a misery tax. Dr Devi Shetty, Cardiologist and Chairman, Narayana Hrudaylaya said, "India...
  • Pranab may roll back service tax on healthcare March 7, 2011

    New Delhi: Service tax on healthcare, introduced in the Union Budget 201112, is likely to be rolled back. Finance Ministry sources have told Network18 that the five per cent tax is likely to go. The rollback could be announced by Union Finance Minister Pranab Mukherjee on March 22, during his reply...
  • CNNIBN top English News Channel on Budget Day March 7, 2011

    New Delhi: CNNIBN is the No.1 English News Channel on the Union Budget Day. As per the Mid Week data released by TAM for Wk 10, CNNIBN leads across Audience Groups, across All 6 Metros on the Union Budget Day. The audience groups include CS 4+, CS 15+, CS AB...
  • TWTW: Cyrus takes on the Budget 2011 March 6, 2011

    On 'The Week That Wasn't', Cyrus Broacha brings you the funny side of the top news of the week. ...
  • Overdrive: the Geneva motor show, the Budget 2011 March 6, 2011

    This week, 'Overdrive' takes you to the Geneva motor show and also discusses the automobile market post the Budget 2011. ...
  • CNNIBN top English news channel on Rail Budget day March 4, 2011

    New Delhi: On the Railway Budget Day, CNNIBN was the No. 1 English News Channel in All India Market with a Market Share of 33 per cent, followed by Times Now with 31 per cent, NDTV 24x7 with 28 per cent, Headlines Today with 8 per cent & News X...
  • FTN: Is media coverage of the Budget too elitist? March 1, 2011

    On Face The Nation, Sagarika Ghose asks a panel of experts if the media coverage of the Budget is too elitist. ...
  • Rate the Budget: reactions on Budget 2011 March 1, 2011

    CNNIBN's EdtorinChief Rajdeep Sardesai discusses the pros and cons of Budget 2011 with a panel of experts. ...
  • Crude price may add to inflation: Pranab March 1, 2011

    New Delhi: Grappling with a high rate of price rice, the government today expressed concern that increasing prices of crude and other commodities in global markets could add to inflationary pressure in the country. "The possibility of the global commodity inflation adding to domestic inflationary pressures cannot be ruled out," Finance...
  • Budget of Hope: is this a budget for the aam aadmi? February 28, 2011

    On Budget of Hope, Rajdeep Sardesai asks, if this is a budget for the aam aadmi. ...
  • Has the FM delivered on Budget 2011? February 28, 2011

    Rajdeep Sardesai asks a panel of experts if Finance Minister Pranab Mukherjee has delivered on Budget 2011. ...
  • Budget of Hope: is Budget 2011 a financial fudge? February 28, 2011

    On Budget of Hope, Rajdeep Sardesai asks experts, if the Budget 2011 is a financial fudge. ...
  • Face The Budget: Experts' take on Budget 2011 February 28, 2011

    Karan Thapar discusses Budget 2011, presented by Finance Minister Pranab Mukherjee, with Kapil Sibal, Arun Jaitley and Sitaram Yechury. ...
  • Budget: tax down; airfare, lab tests costly February 28, 2011

    New Delhi: A playsafe budget on Monday raised the income tax exemption limit from Rs 1.60 lakh to Rs 1.80 lakh, leaving at least an extra Rs 2,000 in the hands of tax paying men across the board and made air travel, hotel accommodation and drinking in AC restaurants costlier. Finance...
  • Mobile phones to cost more from April 1 February 28, 2011

    New Delhi: Mobile handset prices will become more expensive as Finance Minister Pranab Mukherjee on Monday announced one percent hike in the Central Excise duty for 130 items, including phones. Come April 1 and central excise duty on mobile phones will be raised from the current 4 per cent to 5...
  • Reformoriented agenda governs budget: PM February 28, 2011

    New Delhi: Prime Minister Manmohan Singh on Monday said the Union Budget was aimed at fiscal consolidation and moderation of taxes to match the challenges the economy faces and signalled that his government was reformoriented. "This budget meets all the challenges that our economy and our polity faces in the next...
  • Budget disappoints retail sector again February 28, 2011

    New Delhi: India's retail sector that has been anticipating some good news on allowing FDI in the multibrand segment is left disappointed by Finance Minister Pranab Mukherjee, who made no mention of it in his Budget speech. "The budget looks like a 'khatta' budget. Although it has a lot of announcements...
  • Union Budget 2011 spares the axe February 28, 2011

    By R Jagannathan, Editorinchief, Web 18 business portals The Union Budget for 201112 presented by Finance Minister Pranab Mukherjee to Parliament on Monday is widely seen as taxpayer and marketfriendly. While it provides tax relief to individual taxpayers and corporate assessees, it has also sought to avoid any acrosstheboard increases in...
  • Pranab admits Budget could have been better February 28, 2011

    Amidst hopes of fixings the 3 'D's fiscal deficit, current account deficit and government deficit, Finance Minister Pranab Mukherjee announced the Union Budget 201112 on Monday. In an exclusive interview with Network18 founderpromoter Raghav Bahl, Mukherjee admits that he "could have done better with the budget". A strong believer of 'even...
  • Budget 2011: A dampener for capital goods sec February 28, 2011

    Capital goods industry has witnessed a dramatic slowdown in recent times due to the inability of the local manufacturers to meet the growing demand, while the Chinese equipment is relatively inexpensive and readily available. The Chinese equipment makers, much like other exporters from China, also benefit from the low interest rates...
  • No step to check inflation, corruption: Left February 28, 2011

    New Delhi: The Left parties on Monday accused the Government of not taking any step to check high prices, poverty, unemployment or corruption, saying the budget was aimed at burdening the poor and subsidising the rich. The CPI(M) said Finance Minister Pranab Mukherjee promised to bring in or amend seven ...
  • People will enjoy this Budget: Jahangir Aziz February 28, 2011

    JP Morgan (India operations) Chief Economist Jahangir Aziz said he is happy to see old reforms back on the agenda. ...
  • Budget 2011 is devoid of reforms: Yashwant Sinha February 28, 2011

    The BJP slammed the Budget presented by Finance Minister Pranab Mukherjee, saying it does not provide any solution to inflation. ...
  • India Inc gives thumbsup to Budget 2011 February 28, 2011

    CII President says the Budget presented by Finance Minister Pranab Mukherjee is growthoriented. ...
  • Budget exceeds DStreet expectations: experts February 28, 2011

    New Delhi: Terming the Budget 20112012 as "progressive" and "balanced", stock market experts said it had positive surprises like encouraging FII inflow, a roadmap for reforms and checking fiscal deficit, all of which have perked up investor mood. The Bombay Stock Exchange benchmark Sensex, which had...
  • Nothing cheering for IT sector: Budget 2011 February 28, 2011

    New Delhi: The 201112 Budget has failed to bring cheer to the Indian IT sector as Finance Minister Pranab Mukherjee did not make any major announcements to boost the segment. IT companies were batting for reduced tax rates and continuation of sops under the STPI to help the industry, which is...
  • Parliamentarians react to Union Budget 201112 February 28, 2011

    CNNIBN speaks NK Singh, Rajeev Chandrashekhar and Sachit Pilot to find out their reactions to the Budget. ...
  • Salaried? You may not have to file IT returns February 28, 2011

    New Delhi: Soon a category of salaried taxpayers will not be required to file their income tax return as their tax liability has been discharged by their employer through deduction at source. This proposal was announced by Finance Minister Pranab Mukherjee during his Budget speech in Parliament on Monday. "The electronic...
  • Budget 2011: petrol, diesel prices may rise February 28, 2011

    New Delhi: Petrol and diesel prices look set to be hiked after Finance Minister Pranab Mukherjee ignored calls for its reduction in customs and excise duty to contain the impact of spurt in global crude oil prices that have touched a two year high of $110 per barrel. Mukherjee in his Budget...