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

Press Trust of India

As Finance Minister Pranab Mukherjee resorted to mopping up more taxes, a disappointed India Inc today said his Budget is a &quot;missed opportunity&quot; and would have cascading impact on inflation and consumer demand.

Budget to be inflationary: Industry

Car makers heaved a sigh of relief and saw their shares soar after the federal budget did not hike taxes on diesel cars, in a boost for diesel-focused manufacturers such as Mahindra and Mahindra and Tata Motors.

Carmakers race ahead on friendly Budget

Reuters 

Atul Jain (30), Businessman: We were expecting the tax slabs to go up to 3 lakhs - it's not up to expectations.

FM's Budget disappoints aam aadmi

Telephone use, eat-outs and other activities will cost more as Finance Minister Pranab Mukherjee today proposed increasing the service tax rate to 12% from 10% and introducing a negative list aimed at bringing more services under the tax net.

Service tax rate hiked to 12%, to fetch Rs 18,660 cr more

The government will roll out a mobile-based system to track fertiliser movement and shift gradually to direct transfer of subsidies to farmers to plug leakages, Finance Minister Pranab Mukherjee said today.

Govt to track fertiliser movement via mobiles to plug leakages

The Indian airline industry today got a major relief with the government allowing it to raise capital through external borrowings worth $1&nbsp; billion for a year, as it planned to allocate Rs 4,000 crore to ailing Air India.

Budget gives boost to aviation sector

Left parties today attacked the Union Budget, saying it will increase the financial burden on common people and lead to rise in prices.

Left parties slam Budget, say common man will be burdened

The government today proposed reducing basic customs duty on machinery and instruments for surveying and prospecting of mines to 2.5%.

Customs duty on mine prospecting machinery cut to 2.5%

Reiterating the need to contain subsidies through better targeting, Finance Minister Pranab Mukherjee said the government will revisit subsidies which are incompatible with macroeconomic fundamentals and do not reach the intended beneficiaries.

Govt needs to contain prices to cut subsidies

Business Standard

&quot;For the year 2011-12, tax-free bonds for Rs 30,000 crore were announced for financing infrastructure projects. I propose to double it to raise Rs 60,000 crore in 2012-13,&quot; Finance Minister Pranab Mukherjee said, while presenting the Union Budget 2012-13 in Parliament.

Infra sector lenders can raise Rs 60,000 cr via tax-free bonds

Government today cut the budget of the Central Vigilance Commission by about Rs 1.5 crore to nearly Rs 19 crore for meeting its establishment-related expenditure and those of the proposed anti-corruption body, Lok Pal.

Rs 19 cr allocated for Lok Pal, CVC

The budgetary allocation for the Central Bureau of Investigation (CBI) has been increased by about 15% to Rs 395.77 crore as compared to the last fiscal.

Budget: CBI allocation up by 15%

The heavy subsidy burden India carries for petroleum products will have to be addressed, Finance Minister Pranab Mukherjee said on Friday.

FM lays stress on addressing oil subsidy issue

To check the menace of black money, the government today proposed a slew of measures, including I-T return assessment up to 16 years with regard to assets held abroad and tax deduction at source (TDS) on transfer of immovable property and gold purchase.

Govt for TDS on property sale, gold buy

Gold imports to India, the world's top importer, are likely to fall significantly in 2012 as the government's decision to double import duty to 4% is seen squeezing local demand, especially for jewellery, industry officials said.

Higher import duty to cut gold imports: industry

The government will provide for the entire food subsidy, including that which is proposed in the National Food Security Bill, from next fiscal.

Govt to make full provision of food subsidy from 2012-13

The government will take action to reduce subsidies on diesel during FY13 that begins on April 1, the Prime Minister's chief economic adviser C Rangarajan told a television channel on Friday.

Rangarajan sees action on diesel subsidy in FY13

The government today announced launching of a Rs 2,242 crore project with World Bank assistance to improve productivity in the dairy sector.

Govt to launch Rs 2,242 cr dairy project with WB aid

The government today proposed a slew of steps including customs duty exemption on imported fuel and lower levy on overseas funds for projects to provide relief to crisis-hit power sector.

Govt exempts levy on imported fuel for power plants

When it comes to quoting from literary masterpieces in Budget speeches, Finance Minister Pranab Mukherjee today made a quantum leap to quote the great modern-era playwright Shakespeare, after invoking words of ancient Indian economist Kautilya at least thrice in the past.

From Kautilya to Shakespeare: Budget gets modern on quotes

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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