Passengers travelling in all AC classes and first class will have to pay charges in addition to the recent hike in train fares with the General Budget today bringing journeys in them under the ambit of service tax.

Budget increases AC, first class train fares further

Press Trust of India

Reserve Bank Deputy Governor KC Chakrabarty today said private credit demand will not be crowded out as a result of higher market borrowing by the government even as the fiscal deficit target for next fiscal is pegged at 5.1%.

Higher govt borrowing may not eat up public credit: RBI

Infrastructure is a central theme of the Budget, which is otherwise, in the FM&rsquo;s own words, not headline-making.

Budget makes infra investing easier: PwC India

Business Standard

It is disappointing that there has been no consensus on the FDI in multi-brand retail as it would have enhanced the expansion of the sector.

'Budget ignored retail industry'

The government today proposed removing the sectoral restriction on venture capital funds, a move that will allow more startups beyond the current nine sectors to get access to growth-stage capital.

Rules eased for VCs to invest in more sectors

The express industry is very encouraged by the government allowing direct import of aviation turbine fuel (ATF) for Indian carriers which will bring down the cost of doing business. It is also encouraging to see that the government is actively seeking to reduce regulatory transaction costs by simplifying the Service Tax regime and seeking to harmonize Central Excise and Service Tax.

Permitting ATF imports a great move: DHL Express

While the revenue enhancing measures were a positive, the lack of expenditure reforms especially on the subsidy front was a bit of a let down.

A careful balance, a bit of a let down: ING Investment 

In order to increase retail participation in the capital market, Finance Minister Pranab Mukherjee today proposed a tax exemption scheme for new investors.

Govt announces tax-exemption scheme for new investors

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

Positive Budget for power sector: Tata Power

Pushing the financial reforms agenda, the government plans to introduce as many as seven Bills in the Budget session, including the one for development and regulation of micro finance institutions.

Govt to introduce 7 financial reforms Bills in Budget Session

In general, it is a lacklustre budget. The budget has anyway given some leeway for Dividend Distribution Tax at one level when the companies have many upstream companies/holdings and were taxable at every level.

Budget contradicts on ECB availability in Power sector: Ushdev International

Consumer durables makers such as Videocon, Samsung and LG today expressed disappointment&nbsp; over the lack of incentives in the Budget to counter sluggish demand in the industry.

Disappointed consumer durables cos to hike price post Budget

Corporates in key sectors looking for expansion will soon have easier access to capital from overseas markets as the government has proposed liberalising ECBs for power, aviation, low-cost housing and roads.

Govt liberalises overseas borrowing for infrastructure cos

Union Minister Jairam Ramesh today described as &quot;trendsetter&quot; the Union Budget which proposes an increase of Rs 8,000 crore in the total allocation for rural development including drinking water supply and sanitation.

Ramesh welcomes Budget as trendsetter

The World Gold Council acknowledges the announcement made today in the Union Budget by theIndian government, to further increase customs duty on imports of gold to 4% from 2%.

Customs hike won't stop the wedding march: WGC

Software body Nasscom today expressed its disappointment over the budget as it has no fresh proposals for the USD 100 billion Indian IT-BPO sector even as the industry's request to exempt SEZ income from Minimum Alternative Tax has been ignored.

Nothing much for IT-BPO industry in Budget

The Delhi Police today got a Rs 526.58 crore increase in the budget allocation for the next fiscal with Finance Minister Pranab Mukherjee allocating Rs 3,867.33 crore for its operation.

Govt allocates Rs 3,867 cr to Delhi Police

Investors booked profits in oil and gas majors&mdash; RIL, Cairn India and ONGC&mdash; after Finance Minister Pranab Mukherjee today announced cess on crude petroleum oil products.

RIL, Cairn India, ONGC down 6% on higher cess on crude

After the moon mission, Isro's plans for Mars exploration got a shot in the arm with the government allocating the ambitious programme Rs 125 crore in the Union Budget announced today.

Isro gets Rs 125 cr for Mars mission, eyes Nov 2013 launch

Delhi Metro today got a budgetary allocation of Rs 2,200 crore for construction of its ambitious Phase-III project that envisages extending the modern transport system further in the national capital.

Budget 2012: DMRC gets Rs 2,200 cr

Travel and hospitality sector in the country will be hit by the government's&nbsp; decision to increase service tax to 12% as it will result in spike in costs, according to tour operators.

Travel, hospitality to become more expensive

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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