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March 16, 2012 4:37 PM
Erasing early gains, the Sensex at the Bombay Stock Exchange closed with a loss of 210 points, or 1.2 percent, at 17,466, on Friday, after the announcement of the Union budget. The Nifty at the National Stock Exchange fell 63 points, or 1.2 percent, to 5,318.
March 16, 2012 2:35 PM
The Federation of Indian Chamber of Commerce and Industry, FICCI, has said that the Union Budget presented today is not going to stimulate growth in the economy. Speaking to media in New Delhi today just after the presentation of Budget in the Lok Sabha, FICCI President Mr. R V Kanoria said that the...
March 16, 2012 2:32 PM
The BSE benchmark Sensex sheds 192 points in the afternoon trade. It was trading at 17,483 points a shortwhile ago. It rose by over 82 points in early trade today. Similarly the wide-based National Stock Exchange Nifty index was down with 55 points at 5,324 points .
March 16, 2012 2:00 PM
The BSE benchmark Sensex was trading points 54 or 0.31 per cent up at 17,730 points a shortwhile ago. It rose by over 82 points in early trade today. The 30-share barometer, fell by 243 points in the previous session. The wide-based National Stock Exchange Nifty index was also trading 27 points, or ...
March 16, 2012 1:29 PM
To bring out unaccounted money, the Finance Minister proposed several measures including 30 percent taxation of unexplained money, credits, investments and expenditures. Compulsory reporting of assets held abroad, assessment upto 16 years, tax on purchase of jewellery exceeding two lakh rupees, dedu...
March 16, 2012 1:29 PM
Finance Minister Pranab Mukherjee announced further relief to individual taxpayers by increasing the exemption limit to two lakh rupees giving tax relief upto 2,000 rupees to every taxpayers. Amidst thumping of desks by members he also proposed to increase the 20 percent tax slab to 10 lakh rupees. ...
March 16, 2012 1:28 PM
Budget proposes to raise the service tax from 10 percent to 12 to all services except those to be included in the negative list. The list comprises 17 heads including the services provided by the government or local authorities except a few specified services where they compete with the private sect...
March 16, 2012 1:28 PM
Turning to indirect taxes, the budget proposes to raise the service tax from 10 percent to 12 to all services except those to be included in the negative list. The list comprises 17 heads including the services provided by the government or local authorities except a few specified services where the...
March 16, 2012 1:28 PM
Hike in Income Tax exemption limit to two lakh rupees, 20 percent slab increased to 10 lakhs rupees, 10 thousand rupees deduction on savings bank interest.Concessions to infrastructure, manufacturing sectors, textiles and small scale and medium industries.Tax relief to Airlines.Service tax and excis...
March 16, 2012 12:42 PM
Erasing early gains of about 195 points, the BSE benchmark Sensex was trading 70 points or 0.40 per cent down at 17,607 points a shortwhile ago. It rose by over 82 points in early trade today. The 30-share barometer, fell by 243 points in the previous session. The wide-based National Stock Exchange ...
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Last Updated: 10th Jun 2026
