New Delhi:  While presenting the General Budget 2012-13 in LokSabhahere today, ranab Mukherjee, Finance Minister announced setting-up of a Rs. 5000 croreIndia Opportunities Venture Fund with SIDBI. This is in order to enhance availability of equity to the Micro, Small and Medium Enterprises, he stated. The Finance Minister, Mukherjee informed that two SME exchanges have [...]

Budget identifies five objectives relating to  growth recovery, private investment, supply bottlenecks, malnutrition and governance matters GDP growth to be 7.6 per cent (+ 0.25 percent) during 2012-13 Amendment to the FRBM Act proposed  as part of Finance Bill.  New concepts of “Effective Revenue Deficit” and “Medium Term Expenditure Framework” introduced Central subsidies to be kept under 2 per cent of [...]

RAILWAY BUDGET 2012-13 • Passenger fares increased marginally. The increase will be by 2 paise per km for suburban and ordinary second class; 3 paise per km for mail/express second class; 5 paise per km for sleeper class; 10 paise per km for AC Chair Car, AC 3 tier and First Class; 15 paise per [...]