The Budget for 2012-13 is unlikely to tinker with the rates or widen the slabs for both direct as well as indirect taxes, despite chambers seeking more money in the hands of people to prop demand.

As part of its proposal for the Budget sent to the finance ministry, the Airports Authority of India (AAI) has asked for the approval to raise Rs 3,000 crore through tax-free infrastructure bonds in

The Quick Estimates of India's economic growth, released by the Ministry of Statistics and Programme Implementation on Tuesday, have revised the GDP growth figure for 2010-11 downwards slightly, to

With two kore months in this financial year, the Centre's fiscal deficit has already touched 92 per cent of the Budget estimate. The deficit, the gap between the government's expenditure and revenue,

To speed up the vacation of additional 2G and 3G telecom spectrum, the government will likely make a Rs 5,000-crore provision in the Budget for an alternative network for defence services. The

The finance ministry is likely to focus on fiscal consolidation in the coming annual budget, Montek Singh Ahluwalia, deputy chairman of the Planning Commission, said in an interview to CNBC-TV18.As

The finance ministry may extend budgetary support to the Employees Provident Fund Organisation (EPFO) to ensure it offers interest comparable with other savings instruments. A senior ministry official

If you intend to import chewing gum, be prepared to pay 45% duty of customs, which is 15% more than other confectioneries. If you want to import male donkey you have to pay 25% but the female donkey

The new Direct Taxes Code (DTC) is to be now introduced only from April 2013, a year later than planned. Hence, the government will introduce some of its key provisions, such as General Anti-Avoidance

Economists want Budget to focus on infrastructure, have a clear strategy on disinvestment and state measures to boost investment climate. Power and social sectors should also be among the major focus