IIFL Research & Impact Analysis

list Union Budget 2012-13: ‘Fiscal consolidation = Subdued growth ?’
Expectations were really never high from the budget after the recent electoral drubbing. The need of the hour was a clear roadmap for fiscal consolidation by cutting expenditure and subsidies. Instead, a slew of allocations were made to several schemes in an attempt to be populist.
list Union & Railway Budget 2011-12 Wrap Up: IIFL Research
Check how effective was the budget and its impact on different sectors
list Union Budget 2011-12 - ‘Fiscal consolidation poses major challenge’
With subsidies and expenditure appearing understated, meeting the fiscal deficit target of 4.6% for FY12 will be a major challenge.

Finance Ministers of India

Pranab Kumar Mukherjee
(1982-1985, Feb 2009-May 2009, May 2009-Continuing)

Pranab Kumar Mukherjee is a prominent leader of India National Congress. He has...
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Janta's Expectations

Posted By: Riyaz Mumbai   |  Feb 26, 2013 11:03 AM
There are hints of a passenger fare hike but freight fare is likely not to be touched.
Posted By: Riyaz Mumbai   |  Feb 26, 2013 10:44 AM
Posted By: deepa Dehradun   |  Feb 20, 2013 06:24 PM
Budget should have something for our area also.
Posted By: Nikhil Mathur Jaipur   |  Feb 20, 2013 03:57 PM
the process of price hikes from various sectors will be continue after the budget ?
Posted By: Kamini Agraval Kanpur   |  Feb 20, 2013 03:53 PM
In Budget, Mr.Chindambaram is the hero in this one act and the nation holds its collective breath as he speaks. Budget don't have to be spectacular or exciting to be significant.
Posted By: Lavanya Rastogi, President - OSS Cube Solutions Houston, Texas   |  Feb 11, 2013 01:45 PM
Be less of an Economist and more of an entrepreneur, Mr. Prime Minister Budget 2013 will come at a time, when the expectations of the aam admi as well as the business wallahs seem to be at the lowest it has been for a decade. Even the diehard optimist and “shining India” backers seem to have accepted the malaise of corruption, social chaos, circus of politics and economic policy paralysis as the New Normal for India. So much so that – any really bold or imaginary move by the bourgeoisie wisemen of GOI may actually catch everyone by surprise enough to send the ever slowing economy into an adrenaline induced shock! If there was one thing I could say our honorable Prime Minister – it would be to advice him to be less of an astute Economist and more of a visionary Entrepreneur. May be you could begin here with budget 2013: 1. Support SME competitiveness by simplifying and supporting expansion of access to credit specially in overseas markets 2. Incentive investment into R&D and Skill building in the knowledge based industries 3. Expand budgetary support for institution of higher learning with real productive partnership with the industry. 4. Make innovators feel welcome – by offering basic sops and a helping hand 5. Invest for the future – in building public institutions that will outlive your generation. As sound as economic analysis with hind sight of 20/20 may be – it unlikely that it will be nearly enough to usher in any change or stimulus with a pace of creative adaptability that the entrepreneurial India deserves so much! Mr. Prime Minister – before you finally hang up your shoes, it’s time NOW for you to choose your legacy. Do you really want it to be about many promises unfulfilled, reforms bungled and believers in you disillusioned ? Or Do you want it to be about Visionary Leadership …that ushered in the Economic equivalent of the Green Revolution? I know it seems so far back in time but there was a time no too long ago when you were credited with “architecting the economically vibrant India” …long before you even ascended to the PMO! After nearly 10 years at the helm, trust me, it wouldn’t really hurt you that much to step up to base and take a couple of courageous swings – if you connect and score a home run – that then will be your legacy, a last hurray! – one you can be proud of and one that you truly deserve. - Lavanya Rastogi, President , OSSCube
Posted By: Raju S A Dubai   |  Mar 18, 2012 02:00 PM
I do not know why we are still having the archaic system of tax rates, exemptions etc. We should just fix flat tax rates as per the income slabs. This will bring down the tax rates but might ensure better compliance.
Posted By: Manu M Surat   |  Mar 16, 2012 01:36 PM
obiously we are expecting to reach a limit of upto 5lacs Excemptions and further to go on 10%, 20% and 30%......
Posted By: M K BHAGAT BHOPAL   |  Mar 16, 2012 10:35 AM
Being a salaried person a expect to increase tax slab .The tax exemption should be 5 Lac and max tax rate shall be 20% above 10 Lacs.
Posted By: Partha Sarathi Paul Kanchrapara   |  Mar 16, 2012 08:36 AM
Being a salaried person, obviously want to get more income slab should be market prices is rising historically...

Janta's Reaction

Posted By: SHAISHAV PATEL AHMEDABAD   |  Mar 20, 2012 04:28 PM
Posted By: Kamal Chennai   |  Mar 17, 2012 11:58 AM
Change in Tax slab gives benefit for the ppl who are earning more than 8 lakh.
Posted By: Anjali Tawani Udaipur (raj.)   |  Mar 16, 2012 03:50 PM
govt. only know that how to hikes the prices in all sectors ,Ek aam aadmi nahi survive kar sakta,,,,,, janta jaagoooooo
Posted By: Singh is King Port Blair   |  Mar 16, 2012 01:16 PM
Bad budget. Tax limit increased only to 2 Lacs. Also service tax up by 2 percent. All prices will go up.
Posted By: M K Bhagat Bhopal   |  Mar 16, 2012 10:43 AM
It is easy to collect 100 rs from 100 person @ Rs. one each, instead of collecting Rs. 100 from one person @Rs. 100. The railway budget has increased the fare of AC and higer class where barely few people used to travel. per KM hike from 15 to 30 pc. rlw may get better revenue if general and sleeper clas also covered with hike only 5 pc per Km. sa the percentage of traveller is very high in economic class.
Posted By: himanshu joshi new delhi   |  Mar 15, 2012 08:55 AM
instead of charging excessive taxes on petrol, government should divert such taxes to those commodities which are generally used by upper middle class or upper class.
Posted By: Yash Indore   |  Mar 14, 2012 02:20 PM
Dont have too many expectations from the budget this year too..
Posted By: Guest Thane   |  Mar 13, 2012 05:48 PM
2011 budget was not upto mark for normal people
Posted By: shwetha raichur   |  Mar 07, 2011 01:25 PM
income tax exemption for womens
Posted By: rupesh jindal rania   |  Mar 01, 2011 02:25 PM
i think that this budget have not good impact on the life of normal people.there is no relief for people