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Union Budget 2012 News

Jewellers withdraw strike on rollback hopes
Jewellers and bullion traders withdrew a 21 day strike after they received an assurance on a roll back of excise duty on unbranded jewellery by Finance Minister Pranab Mukherjee. "We have notified all our members to call off the agitation with ...
Jewellers Withdraw Strike On Rollback Hopes

FM agrees to meet jewellers' association on Friday
Finance Minister, Pranab Mukherjee has agreed to meet protesting jewellers on Friday regarding the increases in taxes. Jewellers across the country have been on a strike since March 17 to protest a hike in import duty on gold and imposition of ...
Playing good politics with fuel is bad economics
In a recent interview on a television channel, R K Singh, Chairman of BPCL was in a precarious position answering questions on why fuel prices were not raised, despite huge losses on petrol everyday for oil marketing companies. The Chairman was ...
Playing Good Politics With Oil Is Bad Economics
CBEC Clarifies on Levy of Excise Duty on Jewellery
Press reports after the presentation of the budget on 16.03.2012 indicate that the full import of the provisions contained in the legislation related to the levy of excise duty of 1% on precious metal jewellery are not clear to the trade. In ...
Cbec Clarifies On Levy Excise Duty On Jewellery
Gold jewellers shut shop on custom duty and excise hike
Gold Jewellers across India downed shutters even today, making it three days in a row, since the Budget day, which imposed a hike in customs and excise duty across gold and jewellery. A meeting is to be held later today, ...
Gold Jewellers Shut Shop On Custom Duty Excise Hike
LIC continues to see ONGC portfolio value fall
LIC which picked up 37.71 crore shares of ONGC in the recent auction has seen the value of its portfolio fall dramatically, following a sharp drop in the share price of ONGC. The Union Budget 2012 raised the cess on domestic ...
Markets open the week lower as Budget effect continues
Markets continued to trend lower as the lackluster Union Budget 2012, resulted in selling pressure from operators and institutions. The BSE Sensex was seen trading at 17,369 points, down 96 points over its previous close, while the nifty was trading 35 ...
Markets Open Lower Budget Effect Continues
Budget blues over: Markets to remain range bound
With the Union Budget and Monetary Policy Review now behind, markets are expected to remain range bound and track global cues. The Sensex and the Nifty lost ground this week on account of disappointments both on the Monetary Policy Review and ...
Markets Remain Range Bound Next Week
Union Budget 2012: Bonanza for the aviation industry
The Union Budget 2012 has provided a much needed relief for the aviation sector. External Commercial Borrowings have been permitted for working capital requirements to the tune of $1 billion. The industry has also received custom duty exemption for imports of ...
Union Budget 2012: Positive takeaways for the equity markets
The Union Budget 2012 has some small takeaways for the equity markets. There has been a cut of 20% in the Security Transaction Tax for delivery based transactions. The 20% cut has come in way below market expectations as analysts were ...
Union Budget 2012 Positive Equity Markets
Union Budget 2012 and impact on the common man
The Union Budget 2012-13 will leave individuals, especially the middle class poorer. Though the Finance Minister has raised the tax exemption limit to an income of Rs 2 lakhs, the manner in which he has raised excise and service tax nullifies ...
Markets close lower as budget blues set in
Markets ended the day sharply lower as the Union Budget presented by Finance Minister disappointed the markets. The BSE Sensex closed the day lower by 209 points at 17464 points, while the Nifty closed the day lower at 5317 points, 62.90 ...
Markets Close Lower As Budget Blues Set In
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