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Indian Union Budget 2012-13


The Indian Union Budget 2012-13 was presented in the Lok Sabha by finance minister Pranab Mukherjee on March 16, 2012. This is his seventh budget presentation.

Budget Highlights

The Railway budget for financial year 2012-13 was presented by Railway Minister Dinesh Trivedi on March 14, 2012. The dates for presentation of budget was finalized in a cabinet meeting on February 7, 2012.

Union Finance Minister Pranab Mukherjee leaves for Parliament House to present the General Budget 2012-13

The Union Finance Minister, Shri Pranab Mukherjee leaves North Block for Parliament House to present the General Budget 2012-13, in New Delhi on March 16, 2012. The Minister of State for Finance, Shri Namo Narain Meena, the Finance Secretary, Shri R.S. Gujral and other officials of the Ministry are also seen.

Indian Union Budget 2012-13 in News

Indian Defense Offset Policy Norms Eased: A Measure to Attract Foreign Players and Incentivize Domestic Private Firms and MSMEs, notes Frost & Sullivan’s Market Insight
In view of the increasing Indian defense expenditure and offsets that are expected to be generated over the next decade; the Indian defense ministry has revised its defense offset norms to increase the interest of foreign companies in India through Joint Ventures (JVs) and formation of an interest base for developing indigenous programs

Medha Patkar terms DMIC project 'unconstitutional'
Finance Minister Pranab Mukherjee might have informed the Lok Sabha on Friday that the 90 billion dollar Delhi-Mumbai Industrial Corridor (DMIC) is making significant progress, but veteran social activist Medha Patkar termed the project as 'unconstitutional', as she felt it would affect the future of inhabitants of areas in six states through which the project will pass.

Subramaniam Swamy included in NDA
Bharatiya Janata Party (BJP) Leaders and its allies in the National Democratic Allaince (NDA) met at BJP leader L K Advani's residence on Sunday to strategize for the Budget session, agreed to include Subramaniam Swamy's party, the Janata Party into the NDA alliance.

Parliament Budget session to begin from Monday
President Pratibha Devisingh Patil will address the joint sitting of the Parliament as the Budget session of Parliament commences on Monday.

Delayed GST -Major Cause of Worry for MSMEs, says IndiaMART CEO Dinesh Agarwal

Opposition all set to corner UPA Govt. during Budget Session of Parliament
The opposition parties, led by the Bharatiya Janata Party (BJP), is all set to corner the Congress-led UPA Government on a host of issues during the Parliament's Budget Session, which includes the NCTC, internal security, federalism, black money and violations of model code of conduct by ministers in the just concluded assembly polls.

Budget session to start from March 12: Bansal
Parliamentary Affairs Minister Pawan Kumar Bansal today announced the schedule of the budget session saying it will be commence from March 12. He said the General Budget for 2012-13 would be presented on March 16.

Government will examine Vodafone notice: Mukherjee
Finance Minister Pranab Mukherjee has said the Central Government will examine and study Vodafone's legal notice before proceeding with appropriate action over ongoing taxation row.

Vodafone issues notice to India over tax proposal
Telecom group Vodafone has issued a notice to the Indian Government under Bilateral Investment Protection Treaty over retrospective tax proposal announced by Finance Minister Pranab Mukherjee in the Union Budget 2012-13.

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