Sonakshi (executive)     16 March 2012

*diversification of export and import mkt

*Signs that economy is now turning around

sunil (g m)     16 March 2012

FM: India has achieved to diversify export and import markets

Expect current account defict to decrease next year

Expect GDP to grow at 7.6% next year: Pranab

Nilesh (Finance Executive)     16 March 2012

Expect India FY13 GDP at 7.6% plus minus 0.25%

Decided to fully provide for food subsidy in the budget

Subsidy for Food Security to be fully provided

vidyasagar (--)     16 March 2012

GST will become operational by August 2012

To examine Parliamentary Panel report on DTC

Structure of GST network approved by state FMs

Niyati (Student)     16 March 2012

GST could be operational by 2012

To examine Parliamentary Panel report on DTC

Target set for disinvestment 30000 cr

Nilesh (Finance Executive)     16 March 2012

Effort on for consensus on FDI in multi-brand retai

Introduction of Advance Pricing Agreement Programme (APA) to reduce transfer pricing disputes

Advance Pricing Agreements in DTC to be in Finance Bill Advance Pricing Agreements in DTC to be in Finance Bill

black money and restrictive subsidies will be prime focus areas restriction *

GST will become operational by August 2012

Nilesh (Finance Executive)     16 March 2012

*To allow QFIs in corporate bond market 

*Signs of economy turning around in March quarter

*Rs 50000 tax exemption for retail investors

*Rs 15,880 cr for PSU banks positive for SBI, PNB among others

*Signs of economy turning around in March quarter

Sonakshi (executive)     16 March 2012

*Changes in IPO norms to increase participation in small towns

*New equity scheme for small investors: Pranab

*Lack of infrastructure is a major constraint in economic growth, says FM.

*Tax exemption on individual share invst below Rs 10 lk

*To introduce new law for microfinance cos

*12th plan infra investment at Rs 50 lakh crore

*New equity scheme for small investors: Pranab

*Propose Central KYC depository

Ankur Garg (Company Secretary and Compliance Officer)     16 March 2012

Budget Highlights - Live updates on Union Budget 2012

11:25 AMRs 30,000 cr divestment target in FY 13

11:24 AMDirect transfer of subsidy for kerosene initiated

11:23 AMTo implement DTC at the earliest

11:23 AMGST to be operational by August 2012

11:23 AMTo bring down subsidy to 1.7 % of GDP in the next 3 years

11:21 AMTo roll out computerized scheme for fertilizer subsidy transfer

11:20 AMEconomy to grow at 7.6% in 2012/13

11:19 AMCentral subsidies to be under 2% of GDP

11:19 AMHighlights of Pranab Mukherjee's speech

11:19 AMDecided to fully provide for food subsidy in the budget

11:18 AMET COMMENT: FRBM amended

FM says amendment to fiscal responsibility and budget management Act will be introduced in the finance bill. He highlights the concept of effective revenue deficit and better targetting of expenditure...these are concepts that will attract plenty of interest in post-budget analysis.

11:18 AMFiscal balance has deteriorated

11:17 AMFRBM implementation back on track

11:17 AMFM: Fiscal deficit rose due to subsidy

11:16 AMHigh crude oil prices hit growth, averaged $115/bbl in 2011-12

11:15 AMFM: India has achieved to diversify export and import markets

11:14 AMExpect current account defict to decrease next year

11:13 AMCurrent account defict to be at 3.6%

11:13 AMET COMMENT: Early Signs.

FM has hit the right notes so far. Domestic demand drivers, private investment, combating corruption...he's said all the necessary things, he's also said that 'mere words are not enough, we need a roadmap'...should we raise our hopes, whatever the budget turns out to be, this is a good beginning. Pundits are saying fiscal consolidation is a the biggest test. But Shankar Sharma on ET Now said in the pre-budget programme, the deficit is not that big an issue. An interesting contrarian view, and one which will be even more interesting once we know the budget's fiscal performance

11:12 AM10 year benchmark yield at 8.43%

11:12 AMExpect headline inflation to moderate further and stabilise

11:12 AMSignificant slowdown in growth over the last two years

11:11 AMFM: To address black money, corruption in public life

11:11 AMFM: To enhance supply side; cut infra bottlenecks

11:11 AMFM: To focus on domestic demand, raise private investment

11:11 AMFM: Manufacturing sector appears to be on a revival path

11:11 AMFM: Needs to improve supply side management of economy

11:11 AMFM: Numerous economic indicators suggest economy is turning around

11:10 AMET COMMENT: Budget Starts With House Bedlam

11:10 AMFY 12 was a year of recovery interrupted, says FM

11:09 AMFM: Need to improve supply side in economy

11:07 AMFM: Tight monetary policy hit consumption and growth

11:07 AMAuto stocks down on profit-booking

11:07 AMFM: Global crisis hit Indian growth

11:07 AMFM: Middle East crisis, debt worries in EU have intensified

11:06 AMPerformance this year was disappointing but as compared to peers India was better

11:05 AMGDP expected to grow at 6.9%

11:04 AMFM: Eurozone debt crisis got worse this year

11:03 AMOpposition ruckus as Pranab begins Budget speech

11:03 AMFM: It was a year of recovery and challenges

11:01 AMPranab Mukherjee starts presenting Union Budget in Parliament