The oilseeds sector has expressed disappointment with the Union Budget, which has not increased the Customs duty on the commodity. This, it claims, will discourage farmers from bringing more area under oilseeds.

Import duty on edible oil should have been hiked: SEA

Business Standard

The Union budget of 2009-10 has ignored the interests of poor states like Orissa and the state would lose Rs 353.56 crore by way of assistance from the Centre in this fiscal, said Naveen Patnaik, the state chief minister.

Orissa interest ignored, says Naveen

A top body of glass manufacturers has expressed disappointment over the Budget 2009-10, saying it did not have any direct benefit for the packaging industry in general and the container glass industry in particular.

Glass manufacturers unhappy with the budget

Press Trust of India

Alleging that 'gross injustice' was done with Bihar in the Union Budget, Chief Minister Nitish Kumar today alleged that the cause of Bihar has been deliberately ignored in it.

Gross injustice done to Bihar in Budget: Nitish

Ernst &amp; Young on how Budget 2009 will impact businesses and individuals.

Breaking the Budget down

India&rsquo;s premier educational institutions &mdash; the IITs and IIMs &mdash; have welcomed the government move to increase the Budget Plan outlay for higher education by Rs 2,000 crore &mdash;from Rs 7,593.50 crore in the Interim Budget (presented this February) to Rs 9,600 crore. The move is aimed at increasing the gross enrollment ratio (GER) in higher education from the current rate of 12.4 per cent.

IITs, IIMs, welcome increase in fund allocation

The decisive political mandate provided an opportunity to the finance minister to push hard on the reform pedal. The swiftness with which government adjusted petroleum prices just a few days before the Budget further bolstered the optimism on prospects of fresh reform measures. So some concrete announcements on relaxing FDI limits, disinvestment and pension reforms were expected. The Budget clearly did not live up to those expectations.

Lull after the storm?

Ernst &amp; Young analyses the impact of Budget proposals on NSE 50 firms.

Nifty for them?

The finance ministry has told public sector banks to bring down interest rates by an equal magnitude if the Reserve Bank of India (RBI) cuts key policy rates in its mid-quarter review, scheduled tomorrow.

FinMin wants banks to cut rates in sync with RBI's policy action

With its cash flow under stress, engineering and construction firm HCC today said its board has approved corporate debt restructuring proposal.

HCC gets board nod for debt restructuring

Finance Minister Pranab Mukherjee was set to present the union budget to parliament on Friday morning, under pressure to trim the country's fiscal deficit amid cooling economic growth and a crisis of stability for the coalition government.

Govt to unveil budget amid slowing growth, political crisis

Reuters 

Mukherjee said that Rs 15,888 crore will be be provided for capitalisation of public sector and regional rural banks and NABARD.

PSU banks rally on capitalisation push in Budget

Shares of three listed airlines, Kingfisher Airlines, Jet Airways and SpiceJet, reversed their early morning gains, after a final decision remained elusive in the Union Budget for allowing foreign carriers invest in domestic players.

Airline stocks lose momentum

The Indian Depositary Receipts (IDR) of Standard Chartered zoomed 20% on announcement of two-way fungibility in the Budget.

StanChart IDR hits 20% circuit on fungibility announcement

Finance Minister Pranab Mukherjee today announced Rs 1,00,000 crore increase in the agriculture credit target to Rs 5,75,000 for the next fiscal and raised the outlay for farm sector by about Rs 3,000 crore.

Agri credit target increased by Rs 1 lakh cr for 2012-13

Giving some relief to taxpayers, Finance Minister Pranab Mukherjee today proposed raising the income tax exemption limit for individuals to Rs 2 lakh per annum from Rs 1.80 lakh.

Budget 2012: No income tax up to Rs 2 lakh

With several defence deals including the one to procure 126 combat aircraft for the IAF expected to be clinched this year, the Defence Budget was today substantially hiked by more than 17% to Rs 1,93,407 crore from last year's Rs 1,64,415 crore.

Defence Budget hiked by over 17%

In a mix of sops and imposts, the General Budget today proposed a marginal raise in income tax exemption limit of Rs 20,000 but hiked service tax and standard excise duty by 2% across the board to net an additional Rs 41,440 crore a year.

Sops and imposts in Budget, net revenue gain of Rs 41,440 cr

&quot;We are going to raise the prices of all our products and will pass on the entire additional excise duty. Currently we are working on the exact amount of the hike,&quot; Maruti Suzuki India Managing Executive Officer (Marketing and Sales) Mayank Pareek told PTI.

Budget impact: Carmakers to hike prices

The government today said consultations are on with states to arrive at a broad-based consensus on allowing 51% foreign direct investment in the politically-sensitive multi-brand retail trade.

Govt trying to reach consensus on FDI in multi-brand retail

BJP today slammed the Union Budget as &quot;anti-people&quot; and said it would lead to further price rise hitting the common man.

Budget is anti-people, will lead to price rise: BJP

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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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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