Ahead of what is expected to be a very stormy Budget session, Lok Sabha Speaker Meira Kumar, convenes an all-party meet. She will appeal to the parties to peacefully enable the proceedings of the House and not involve in petty gimmicks to garner attention. The...
Jewellers' agree to call off their nation-wide strike against the 1% excise duty, proposed in the budget, on unbranded jewellery, after Finance Minister Pranab Mukherjee assures a rollback in duty hike.
Jewellers' agree to call off their nation-wide strike against the 1% excise duty, proposed in the budget, on unbranded jewellery, after Finance Minister Pranab Mukherjee assures a rollback in duty hike.
After being summoned by Pranab Mukherjee for saying that the Government's tax moves are 'blood sucking', Coal Minister Sriprakash Jaiswal retracts his statement.
The newly sworn-in Railway Minister, Mukul Roy, has been seen tagging along with Mamata Banerjee at public functions and is nowhere to be seen in Rail Bhavan.
Railway Minister Dinesh Trivedi says that he will not run away from responsibility and that he wants to see his Railway Budget being passed by the Parliament.
Finance Minister Pranab Mukherjee defends his budget by saying that 'reform' is not a mere mantra to be chanted, but instead should be implemented in adequate measure.
Budget 2012 draws strong reactions against subsidies and entitlements with several parties accusing the budget of not being friendly to the 'common man'.
The Union Budget 2012-13 is not tough enough on subsidies and it will be diificult to bring the fiscal deficit down to 5.1 per cent, says ET's Swaminathan Aiyer.
While food subsidies and funds for the Food Security Act will be fully provided for, other subsidies could be cut down if they compromise the macro-economic fundamentals.
With the Economic Survey stating that 'democratic politics' have slowed down growth in the country, there is pressure on the government to push for reforms in the budget.