Union Budget 2009

  • Annual budget on February 26: Pranab Mukherjee January 9, 2010

    New Delhi: The government will present its annual budget on February 26 and was aiming at enacting legislation in the second half of this year for introducing a new Goods and Services Tax (GST), said the Finance Minister on Saturday. Pranab Mukherjee said the growth rate of the economy could touch...
  • Pranab positive, says economy back on track July 28, 2009

    New Delhi: The Government will extend tax breaks for industrial park schemes and developers of real estate and road projects to stimulate the economy and lift growth to 8-9 percent by the end of 2010, the Finance Minister said on Monday. Pranab Mukherjee also told the Lok Sabha the government would...
  • Exporters demand speedier service tax refunds July 22, 2009

    New Delhi: Keeping the current global scenario in mind, the Finance Minister’s Budget proposals on indirect taxes focused primarily on providing a stable framework to the industry at large, with a specific emphasis on the export sector which has been greatly impacted in recent times due to the decrease...
  • CNN-IBN No 1 on Budget Day: TAM July 16, 2009

    New Delhi: CNN-IBN continues to be the country’s No.1 English News Channel especially during events of national importance. On the Budget Day, during the FM Speech and all through the Budget Week, CNN-IBN leads in the English News genre across India, across Metros and across key Target Groups. CNN-IBN was...
  • Disinvestment programme to be out in a month July 16, 2009

    New Delhi: 'Beauty lies in the eyes of the beholder' is how the Finance Secretary, Ashok Chawla defined Union Budget 2009 - a Budget that disappointed many with its lack of clarity on the Government's disinvestment programme. Finance Minister Pranab Mukherjee had then said that the Government will hold 51...
  • Pranab says disinvestment on government agenda July 14, 2009

    New Delhi: Finance Minister Pranab Mukherjee on Tuesday said the United Progressive Alliance (UPA) Government remained committed to divesting stakes in the state-run companies, but without diluting their public sector character. Replying to the debate on the national Budget in the Lok Sabha, the lower house of Parliament, the Finance Minister...
  • The Week That Wasn't: Cyrus takes on Union Budget July 13, 2009

    Cyrus Broacha takes a dig at Finance Minister Pranab Mukherjee's Union Budget 2009. He then gives his take on religious leaders opposing Section 377 being repealed. And Cyrus exclusively interviews Railways Minister Mamata Banerjee. ...
  • Devil's Advocate: Montek Singh defends Pranab July 14, 2009

    How does the Government respond to the comments and the criticisms of the Budget? That was the key issue that Karan Thapar explored on the post-Budget episode of Devil's Advocate with the Deputy Chairman of the Planning Commission, Dr Montek Singh Ahluwalia. Karan Thapar: Dr Ahluwalia, here's a comment on the...
  • Yashwant Sinha slams govt over NREGA July 11, 2009

    Kolkata: Bharatiya Janata Party (BJP) leader and former finance minister Yashwant Sinha on Saturday described the National Rural Employment Guarantee Act (NREGA) as a "bottomless pit" for looting money. "It is neither creating assets, nor generating jobs. Money is being looted. Everyone is making money through the scheme," Sinha said...
  • Mamata dismisses corporate structure for railways July 9, 2009

    New Delhi: Railways Minister Mamata Banerjee on Thursday ruled out corporatisation of the Country's rail road network but said the private sector's participation can be considered for commercial use of railway land for areas like healthcare and education institutions. "I'm always in favour of our employees. I'll be the last person...
  • Budget 2009: A mix bag of hits and misses July 9, 2009

    Taking the HRD Minister, Kapil Sibal’s vision forward of revolutionising the education system (primarily school level), in India, Finance Minister, Pranab Mukherjee has laid emphasis on the cause of higher education. FM has announced an increase of Rs 2000 crore in plan expenditure to Rs 9,596 crore besides other sops...
  • IBNLiving: How does the health budget impact you? July 9, 2009

    The Union Budget looks to pump in more money in rural health care and even cuts the custom duty on several life saving drugs - so how does that impact your life? ...
  • Kerala MP's wife walked into LS on Budget day July 9, 2009

    New Delhi: Muslim League MP from Ponnani in Kerala ET Muhammed Basheer's wife reportedly entered the Lok Sabha on Monday. Basheer's wife was inside the Lok Sabha when Finance Minister Pranab Mukherjee was delivering his Budget speech. Reports say that Rubaihya Bashir accompanied her husband along with Union Minister E Ahmed to...
  • FTN: Stock markets no barometer of Budget rating July 9, 2009

    The IMF has said that the global economy is recovering from recession and that India along with China will lead the global growth. But is the Indian stock market convinced? The stock market plunged to its lowest ever leap downwards on any Budget presentation day in India's history since Independence....
  • Watch: Ferreira talks about sports and Union Budget July 9, 2009

    The former World Billiards champion says Govt should look beyond Games 2010. ...
  • Army sop omits officer cadre, sends firm signal July 8, 2009

    New Delhi: UPA didn't give the Armed Forces all they had asked for. India's 2 million retired soldiers got a One-rank, One pension deal in the Budget. The loud, public agitation by yesteryear's soldiers did force a concession - a Rs 2,100 crore pension hike for those who retired before...
  • BJP Budget Blues: Party economists go missing July 8, 2009

    New Delhi: The BJP is grappling with unique problem these days. The party is finding it hard to articulate its views on economic issues in the Budget Session for former finance ministers Jaswant Singh and Yashwant Sinha and the formulator of the party's economic agenda, Arun Shourie, are not showing...
  • Mamata making railways East India Company: BJP July 7, 2009

    New Delhi: The Bharatiya Janata Party (BJP) on Tuesday asked Railways Minister Mamata Banerjee "not to make Indian Railways an East India Company" and alleged that the United Progressive Alliance (UPA) government has favoured West Bengal at the cost of many other states in the rail budget. "India is not (West)...
  • Watch: Indian families welcome Budget '09 July 7, 2009

    Markets reacted with shock on Monday but Budget 2009 has brought some relief to the aam admi, with no more Fringe benifit taxes and the income tax exemption limit raised. ...
  • Fiscal deficit a cause for worry: Parag Saxena July 7, 2009

    New Silk Route Partner's Fund CEO Parag Saxena was confident of the markets improving post Budget, but added that the fiscal deficit, and the divestment situation are still worrisome. ...
  • Hike in I-T exemption limit of not much help July 7, 2009

    New Delhi: Finance Minister Pranab Mukherjee announced hordes of tax benefits but the taxpayers are still not celebrating. The Fringe Benefit Tax (FBT) may have been scrapped but that is good news only for the employers and not the employees. Many items that were taxable as FBT will now be subjected to...
  • Budget verdict: Hope for best, prepare for worst July 7, 2009

    Finance Minister Pranab Mukherjee presented the first Union Budget of the newly elected UPA government on Monday. Against the backdrop of UPA's election victory, it was being seen as a budget of hope. But close to 24 hours later, the verdict is mixed. Some see it as a missed opportunity,...
  • Budget on Campus: B-school students rate Budget '09 July 7, 2009

    Catch the students of Amity University, Indian Institute of Foreign Trade and Delhi Business School analyse the Union Budget. ...
  • Budget crumbs leave power players sore July 7, 2009

    Mumbai: The country's 2009/10 Union Budget disappointed players in the power and allied sectors who found it falling short of expectations, except for a hike in the Government-run schemes, industry officials and analysts said. "Somehow income tax, excise, customs benefits and other incentives which are critical for the investments in the...
  • Axe The Tax: FM responds to senior citizens' tax pleas July 7, 2009

    New Delhi: CNN IBN's award winning Axe the Tax campaign has consistently pushed for the financial assitance for senior citizens and the removal of FBT. The good news is that while preparing the Budget for fiscal year 2009-10, the FM has paid heed. CNN-IBN took viewers' personal tax wish...
  • Budget pleases common man but is it enough? July 7, 2009

    It was a thanksgiving Budget. The Government is doing its best to reach out to the aam aadmi but with global recession and economic slowdown, is this enough? ...
  • Transfer pricing: Tax proposals in the right direction July 7, 2009

    Finance Bill, 2009 has introduced certain amendments in the transfer pricing provisions. The primary amendments are the introduction of the concept of ‘Safe Harbour Rules’ and ‘Alternate Dispute Resolution’(‘ADR’) mechanism. The Finance Bill 2009 proposes to introduce ‘Safe Harbour’ rules by empowering Central Board of Direct Taxes, an apex tax...
  • The verdict: CNN-IBN panelists rate Pranab's Budget July 7, 2009

    Is the Budget 2009 good, bad or just plain average? CNN-IBN's dream panelists rate Pranab Mukherjee's Budget. While some of our panelists were impressed with the Finance Minister's job, others were clearly disappointed. ...
  • I took calculated risks for higher growth: Pranab July 9, 2009

    Finance Minister Pranab Mukherjee presented the first budget of the second United Progressive Alliance (UPA) Government on Monday July 6, 2009. The FM promised to continue to push the UPA's agenda of "inclusive growth and equitable development" while meeting the "rising expectations of a young India". Here, in an exclusive...
  • Face The Budget: Political response to Budget 09-10 July 7, 2009

    On Monday Finance Minister Pranab Mukherjee presented the much-awaited first Budget of the second UPA Government. CNN-IBN's special series on Budget Face The Budget tried to access the political response to the Union Budget 2009-10. The panel of experts included - HRD Minister Kapil Sibal; Leader of the Opposition in...