Leading bankers welcomed the Union Budget 2010-11, in particular the measures on farm loan repayment, capital infusion into PSBs and interest rate subventions to needy sections, saying that these would make the system healthier.

Bankers give thumbs up to FM; say measures to help industry

Press Trust of India

Describing the Union Budget as &quot;vision-lacking one&quot; to help make India emerge as the global economic superpower, Gujarat Chief Minister Narendra Modi termed it as &quot;anti-poor and anti-common man&quot;.

Budget lacks vision, it's against common man: Modi

Mobile handsets could be marginally cheaper with the Finance Minister announcing tax exemptions for chargers, batteries and accessories.

Mobile phones may become cheaper as duty on chargers cut

The West Bengal Government appealed to the Centre to reconsider the hike in excise duty on petrol and diesel in the Union Budget.

WB govt for reversal of hike in fuel excise

Finance Minister Pranab Mukherjee today conceded that there may be some cascading effect on prices due to the hike in petrol and diesel prices but ruled out a rollback in duties.

FM rules out rollback of duties on petro products

The economic growth slipped drastically to 6 per cent in the third quarter of the fiscal, around the same level witnessed during global financial meltdown, even as the government partially rolled back stimulus on the premise that the economy is on a rebound.

Q3 GDP growth slows down to 6%

An increase of 700 per cent from last the financial year was announced in the Budget allocation for Housing and Urban Poverty Alleviation Ministry's 'Rajiv Awas Yojana', which aims at making India slum free in the next few years.

700% increase in Budget for Rajiv Awas Yojana

Apollo Hospitals Chairman Prathap Reddy said on Friday the Union Budget presented by Finance Minister Pranab Mukherjee had made a good effort at ensuring inclusive growth.

Budget good effort at ensuring inclusive growth: Prathap Reddy

The Budget this year would have a broad appeal in India, with a significant focus on inclusive growth and development at all strata according to Naresh Wadhwa, President &amp; Country Manager, Cisco India and SAARC.

Budget to have broad appeal: Naresh Wadhwa

Two-wheeler makers like Hero Honda and TVS Motors also followed suit by announcing rise in prices of their models.

Auto majors hike prices across the board

Prime Minister's economic advisor C Rangarajan on Friday described the government's decision to hike excise duty as &quot;reasonable&quot; and said it would help in containing fiscal deficit.

Excise duty hike reasonable, says Rangarajan

Describing the Union Budget as &quot;disappointing and directionless&quot;, Uttar Pradesh Chief Minister Mayawati said it will lead to further price rise and adversely affect the common man.

Budget disappointing, against poor: Mayawati

Commerce and Industry Minister Anand Sharma said on Friday the Budget 2010-11 has addressed all the concerns of the SEZ units regarding continuation of sops.

All concerns of SEZs addressed in Budget: Commerce Min

The government plans to come out with the first-ever roadmap within six months for reducing public debt, which has been rising after the exchequer got a hit due to stimulus packages.

Roadmap in 6 months to cut public debt: Pranab

The government announced on Friday a concessional customs duty of 5 per cent, under Project Import, for the cable TV operators for importing head-end equipment.

Cable ind to get 5% concessional customs duty for equipment

Consumers may have to pay 2 per cent more for automotive tyres as the domestic industry, which is already reeling under high input costs, particularly that of natural rubber, will try to pass on the effect of the excise duty hike to customers.

Automotive tyres may cost 2% more

Business Standard

First, the government hiked the excise duty and minimum alternate tax (MAT), and then, to add salt to the injury of consumer-focused companies, it included brand promotions and sports sponsorships under the service tax net.

Brand promotions, sponsorships in tax net

With the government exempting service tax on all other charges, except the fund management fee (FMC), on unit-linked insurance plans (Ulips), the cost of this product is likely to come down.

Ulips to cost less on service tax exemption

Cricket lovers who want to enjoy the atmosphere of an Indian Premier League (IPL) match in the stadiums this season might have to shell out more while buying a ticket, or even team merchandise for that matter. That is because the finance minister has tightened the screws on sporting activities by imposing some stiff clauses.

New Tax queers pitch for IPL

Stung by new service tax proposals on property transactions, real estate bodies such as CREDAI (Confederation of Real Estate Developers Associations of India) and Maharashtra Chamber of Housing and Industry (MCHI) are planning to approach the finance ministry to seek a rollback of some of the proposals.

Withdraw move on service tax, say developers

Two crucial constituents of the ruling UPA government &ndash; Trinamool Congress and DMK &ndash; today sought to build pressure on the government to roll back the hike in the price of petroleum products, saying it would hurt the common man already reeling under food inflation. NCP, headed by Agriculture Minister Sharad Pawar and which has nine MPs, is also said to be opposed to budget proposals on petroleum products.

Cong allies urge PM to roll back fuel price hike

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.

Budget News: Latest Union Budget 2026-27 News, Budget Headlines Updates | Business Standard

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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