IndiaInfoline


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...
View All Finance Ministers >>
Also View:
- Prime Ministers Of India
- RBI Governors
IndiaInfoline arrow Budget arrow Industry Reactions

2012 budget is generally disappointing to renewable energy generation industry:Raj Prabhu

India Infoline News Service / 8:15 am , Mar 19, 2012

There is a lack of support for solar photovoltaic (PV) companies in this budget. Exemptions of countervailing duties were provided specifically for solar thermal projects but solar thermal projects are a small part of solar power generation in India. India is expected to have a cumulative solar capacity of almost 1,000 MW by the end of 2012 and barely five percent of those will be made up of solar thermal projects. These exemptions are targeted towards 470 MW of solar thermal projects that are due to be completed in 2013 as part of Batch 1 of Jawaharlal Nehru Solar Mission.

Solar thermal projects are more expensive to develop compared to PV projects even without considering the water issues. Over 2,000 MW of solar thermal projects were converted to PV projects in the U.S. last year as PV projects are less expensive and can be built quickly.Even in Gujarat, out of 160MW of solar thermal projects that applied, only 25MW remain solar thermal, while the rest converted to PV for the same reason.

 It is not wise forthe government to pick specificindustries to support while excluding others(like PV) – this will create market distortion. The future of the Indian solar market as Mercom has been saying since 2010 is in PV. It is time for the government to reconsider and remove import duties on all materials needed for solar cells and modules which will in turn help bring the cost of PV projects down and will create an even playing field for PV cell and module manufacturers.

Raj Prabhu, Managing Partner and Co-founder of Mercom Capital Group

Janta's Reaction

Posted By: SHAISHAV PATEL AHMEDABAD   |  Mar 20, 2012 04:28 PM
... WE WANT INFLATION RATE LESS,.... AGAR AISE HI RATE BADHTA RAHA TO HOW CAN A COMMON MAN CAN SURVIVE??? MEHGHAI KUM HONI CHAHIYE,,,, REGULAR USING ITEMS K RATE BHI KUM HONE CHAHIYE......... TOHI COUNTRY GROW KAREGA
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
Skip Navigation Links.