First Blog for Indian Financial Market

Pranab skips two paras of Budget speech, apologises

admin — Mon, 06 Jul 2009 15:05:37 +0000

The BJP members tried protesting but the Speaker didn’t pay much heed.

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Udayan’s View: Budget 2009, a game of patience

admin — Mon, 06 Jul 2009 14:58:12 +0000

FM was guilty of presenting an insipid budget that was low on the detail.

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A study in comparison: Education budget up by Rs 7K cr

admin — Mon, 06 Jul 2009 14:33:15 +0000

India on Monday pegged its expenditure outlay at Rs 44,528 crore.

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Reform hopes dashed, market watchers feel let down

admin — Mon, 06 Jul 2009 14:25:47 +0000

Budget is more focused on rural development, social programmes.

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TAX BREAKS, WELFARE SCHEMES IN COMMON MAN’S BUDGET

admin — Mon, 06 Jul 2009 12:49:14 +0000

Common is the big picture in Union Budget 2009.

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No change in the ranks, defence budget unchanged

admin — Mon, 06 Jul 2009 09:29:57 +0000

Rs 141,703 crore allocated for the three wings of the armed forces.

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Farmers reap a harvest from Pranab’s Budget | Rs 39,000 cr for rural jobs

admin — Mon, 06 Jul 2009 08:14:25 +0000

Debt relief scheme extended to the end of the year.

Fiscal deficit to widen on spending; markets fall

admin — Mon, 06 Jul 2009 07:48:17 +0000

Fringe Benefit Tax rolled back | Commodity Transaction Tax scrapped

INCOME TAX LIMITS RAISED; FARMERS, EXPORTERS GET SOPS

admin — Mon, 06 Jul 2009 07:31:16 +0000

The Budget assures high growth for the $1.2 trillion economy once again.

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Customs duty on LCD TVs slashed to 5 pc

admin — Mon, 06 Jul 2009 07:24:23 +0000

A nominal 5 per cent customs duty has been imposed on set-top boxes.

Personal Tax gets some discounts again

admin — Mon, 06 Jul 2009 06:48:39 +0000

>Surcharge on personal tax scrapped.
>Fringe benifit tax scapped.
>Personal tax limit increased to 2.4 lakhs for senior citizens , 1.9 lakhs for women, 1.6 lakhs for others
>No change in Corporate tax.

Tax Slab after the budget would be
>For Men

0 to 160000 0
160001 to 300000 10%
300001 to 500000 20%
Above 500000 30%

Women taxpayers

0 to 190000 0
160001 to 300000 10%
300001 to 500000 20%
Above 500000 30%

Senior citizens

0 to 240000 0
160001 to 300000 10%
300001 to 500000 20%
Above 500000 30%

>Education cess is unchanged at 3 percent.
>They abolished 10 percent surcharge on income over Rs 10 lakh.

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Watch Live Budget from Parliament – Budget 2009-2010

admin — Mon, 06 Jul 2009 06:45:34 +0000

Budget 2009 – Live
See budget live here : http://budgetlive.nic.in/

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Pension for ex-soldiers up, but officers ignored

admin — Mon, 06 Jul 2009 07:12:31 +0000

One-rank-one-pension scheme partially met in Budget.

Pranab raises I-T exemption limit | FBT rolled back | Students get tax break

admin — Mon, 06 Jul 2009 06:48:47 +0000

Exemption limit now Rs 240,000 for senior citizens, Rs.190,000 for women.

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Sensex above 15000 as FM presents budget; infra up

admin — Mon, 06 Jul 2009 06:04:54 +0000

Benchmarks were near day’s highs as FM Pranab Mukherjee started his budget speech in the parliament.

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Nifty hovers near 4450; tier II outperform

admin — Mon, 06 Jul 2009 05:03:38 +0000

Infrastructure, power & capital goods were amongst the top performing sectors on expectations of govt thrust.

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Budget chats: At 5 with Harsh Roongta | At 6 with Vivian

admin — Mon, 06 Jul 2009 04:35:06 +0000

How will the Budget impact you? Ask Vivian.

Can Pranab pull off the great Indian ropetrick?

admin — Sun, 05 Jul 2009 23:23:40 +0000

"The Budget has been formulated against the background of strong recovery in national income and agriculture, and an equally impressive improvement in our balance of payments."

Will Dalal Street press the buy button?

admin — Sun, 05 Jul 2009 22:53:34 +0000

Will finance minister Pranab Mukherjee give Dalal Street enough reason to press the `buy' button in Monday's session.

Most FMs in recent years quoted leading lights. Will Pranabda too?

admin — Sun, 05 Jul 2009 22:43:54 +0000

History, goes the old adage, repeats itself. That, read in the context of the presentation of the Union Budget in recent times, has meant conjecture on whom the finance minister would quote.

Budget may pump up Plan outlay

admin — Sun, 05 Jul 2009 22:40:42 +0000

The Budget to be presented by finance minister is likely to propose substantially higher Plan spending of Rs 40,000 crore.

D-Street strollers look to Pranab for direction

admin — Sun, 05 Jul 2009 22:36:57 +0000

Stock market players are waiting for cues from the Union Budget on Monday, which will be seen as the government's blueprint for reviving growth in the backdrop of an ailing global economy.

Balancing growth & fiscal discipline will be tough

admin — Sun, 05 Jul 2009 20:01:47 +0000

Budget is indeed a tightrope walk for FM to find a sustainable means to stimulate growth while dealing with the challenge of fiscal prudence.

Saksoft net surges

admin — Sun, 05 Jul 2009 18:30:00 +0000

Chennai, July 5 Saksoft Ltd, the Chennai-based information technology service provider, aims to double its revenue to around Rs 250 crore in the next three years. It expects to an employee strength of around 1000 from the present, according to

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Zylog net drops 33%

admin — Sun, 05 Jul 2009 18:30:00 +0000

Chennai, July 5 Zylog Systems Ltd reported a 33-per cent drop in net profit to Rs 12 crore for the fourth quarter ended March 31, 2009 compared with Rs 18 crore for the corresponding period last year and Rs 21 crore for the preceding quarter.

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