Delhi Auto Expo 2012
Winners and losers of Budget 2012
MUMBAI - Finance Minister Pranab Mukherjee played it safe in unveiling the federal budget on Friday, pledging reforms but setting only modest targets for trimming a ballooning fiscal deficit, disappointing investors.
Troubled UPA government delivers cautious budget
NEW DELHI - The beleaguered UPA government avoided bold reforms in its annual budget on Friday, opting for cautious steps to shore up growth and modest targets to rein in a bloated deficit after a series of political setbacks exposed its fragility.
Gold duty hike to have short-term impact
MUMBAI - India's gold imports could fall in the immediate aftermath of the government's doubling of import duty but the world's biggest buyer of bullion is unlikely to be deterred for long by the four percent levy, industry and analysts said.
Coal imports unlikely to spike despite tax cut
NEW DELHI - India scrapped taxes on coal imported by power companies on Friday and although the move makes overseas thermal coal more attractive it won't be enough to boost purchases much beyond the 70-80 million tonnes already forecast by analysts for 2012/13.
Expert Views: Govt sets modest deficit reduction target in budget
MUMBAI - The government played it safe in unveiling its federal budget on Friday, pledging reforms but setting only modest targets for trimming a ballooning fiscal deficit, disappointing investors and sending bond yields surging.
Budget 2012: Reactions from the man on the street
NEW DELHI - Finance Minister Pranab Mukherjee announced on Friday that personal tax exemption will be raised to 200,000 rupees in FY2012/13.
Budget 2012: New tax slabs, other announcements
Here are some interesting announcements made by Pranab Mukherjee in his Budget speech.
Car makers boosted by budget; excise hike irks
MUMBAI - Indian automakers heaved a sigh of relief after the union budget did not hike taxes on diesel cars and retained a generous subsidy on the fuel, but companies criticized a rise in excise duty that will trigger an increase in car prices.
Factbox: Union budgets under the current government
NEW DELHI - India's annual budget on Friday fell short of market hopes for tougher fiscal tightening measures.
Budget 2012: India could have its cake and eat it too
MUMBAI (Reuters Breakingviews) - Finance Minister Pranab Mukherjee took the path of least resistance in his budget. The UPA government is still reeling from the loss of mid-term regional elections and the increasing fragility of its coalition. Hope that he would rein in spending on subsidies and kick-start the economic reform process now looks like wishful thinking.
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SUVs, electric cars, hybrids and more
The Delhi Auto Expo, held every two years, will see around 50 new launches. Slideshow
Video Showcase
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Green and mean at Delhi Auto Expo
Fuel sippers line up alongside muscular SUVs at Delhi's biennial Auto Expo. Arnold Gay reports. Video
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