The Finance Minister has addressed the key issues of containing fiscal slippage and outlined a clear roadmap for the next three years. The net government borrowing program for 2010-11 is well under control and allays fears of crowding-out of bank credit for the private sector. Tax proposals related to corporate and capital markets are benign and in line with expectations.

Thrust on reforms, a positive surprise: Gaurav Dua

Business Standard

The Finance Minister, in his speech, has proposed that the Reserve Bank of India (RBI) is considering giving some additional banking licenses to private sector players. Non Banking Financial Companies (NBFCs) could also be considered, if they meet the RBI&rsquo;s eligibility criteria.

IFCI up 9% on hopes of getting banking license

The FM has done an admirable job in ensuring that fiscal deficit stays under control, without sacrificing the need for ensuring inclusive growth and catering to the social needs. A roadmap for reducing the fiscal deficit and simplifying the laws such as Direct Tax Code and GST will ensure that India is on a strong growth path.

FM has done an admirable job: Jyoti Jaipuria

The 2010-11 Union Budget today provided considerable relief to income taxpayers by raising the slabs at two levels but, hiked the central excise duty on non-petroleum products across the board from 8 to 10 per cent and the basic duty on crude and petroleum products, besides effecting a one-rupee increase per litre on petrol and diesel.

Budget brings relief to taxpayers; stimulus rollback starts

Press Trust of India

Terming it as &quot;exceedingly good&quot;, Prime Minister Manmohan Singh today said the Budget would help the economy to return to nine per cent growth, while allaying the fears that it would fuel &quot;inflationary&quot; expectation.

PM gives top rank to Mukherjee's Budget; says 'job well done'

Infosys CEO S Gopalakrishnan on Friday said the Budget is &quot;reasonably positive&quot; for the IT industry and gave it seven out of ten marks.

Seven out of ten, says Infy CEO S Gopalakrishnan

At a time when the Indian economy is firmly on the revival path, what was required from the Budget was a further push for consumption and investment. The Budget announcements have done just that. The continued thrust on agriculture, infrastructure and rural development will unlock much of the economic growth potential in the medium-term.

We would assign a rating of 8 on 10: Kaushal Sampat

As part of its effort to provide social security cover for unorganised sector workers, the Government has decided to set up a 'National Social Security Fund' with an initial allocation of Rs 1000 crore, besides extending the benefits of RSBY scheme to NREGA beneficiaries.

Social Security Fund for unorganised sector workers

Giving thumbs up to the Union Budget 2010-11, which has offered tax relief to common man, experts termed the proposals as balanced and good for the stock market.

Budget good for stock markets, say experts

Manufacturing companies will have to shell out an additional Rs 25,500 crore on 2 per cent increase excise duty for the financial year 2010-11. The rise in excise duty accounts for 21 per cent of profit before tax of manufacturing companies studied here. A study by the Business Standard Research Bureau shows that 1,670 manufacturing companies (excluding oil and gas) accounted for 7.84 per cent or Rs 100,018 crore of the gross revenue for the year 2008-09. So, a 2 per cent increase in the excise duty on gross sales of Rs 12, 75,748 crore will fetch Rs 21,500 crore more revenue for the government.

Web Exclusive: Tax proposals to hit India Inc in FY11

In the Budget for 2010-11, the sector will claim as much as 46 per cent of Rs 3.73 lakh crore of the total plan outlay.

Govt provides Rs 1.73 lk cr to boost infra sector in 2010-11

The Indian Rupee will this fiscal join the elite league of global currencies like US dollar, British pound and euro that have their unique symbols, Finance Minister Pranab Mukherjee said on Friday.

Indian rupee to get unique symbol in 2010-2011

The government today said it will borrow a whopping Rs 4.57 lakh crore from the markets next fiscal, while assuring private players that funds in the system will not dry up.

Govt to raise Rs 4.57 lakh cr from market this fiscal

Government on Friday proposed a 61 per cent increase at Rs 1,000 crore for the Ministry of New and Renewable Energy.

Govt proposes  61%  hike for renewable energy ministry

The government's tax revenues took a hit from stimulus measures and slow economic growth in early part of this fiscal with the exchequer falling short of the Budget estimates by around Rs 8,000 crore.

Tax kitty to be Rs 8,000 cr short of estimates in FY '10

The budgetary maths has been more or less in line with the short note that we circulated earlier. However, the budget did manage to surprise with some cuts in the personal taxation. Most of the revenue is being sought to be raised through increase in excise duties and duties on crude and petro products.

Surprised on some cuts in personal taxation: Prateek Agrawal

Avinash Gupta, Assistant Vice President Research Equity, Bonanza Portfolio Limited.

Infra is a major beneficiary: Avinash Gupta

Air travel on all classes in both domestic and international sectors is likely to become costlier with the government expanding the scope of air transport services to attract service tax.

Airfares set to rise on service tax levy

The proposed changes in duties related to petroleum products in the Budget stirred a hornet's nest today with the entire Opposition staging a walkout from the Lok Sabha and warning that they will not allow Parliament to run till a rollback is announced.

Oppn walks out over petro products' duty hike

Of the total allocation announced by Finance Minister Pranab Mukherjee, Rs 2,069 crore has been set aside for the Games.

Budget allocation for sports comes down

Petrol and diesel prices will go up by Rs 2.67 a litre and Rs 2.58 per litre, respectively, after Finance Minister Pranab Mukherjee on Friday raised customs and excise duties on the two, virtually putting the Kirit Parikh Committee report on fuel price in cold storage.

Fuel prices to rise by up to Rs 2.67 a litre

Budget 2026 News: Get latest news and headlines on India budget 2026. Explore more news on railway budget, healthcare budget, defense budget along with latest income tax slab rates on Business Standard.

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