Amid uproar FM presents budget 2012-13 in Lok Sabha

Cabinet approves union budget

PTI | March 16, 2012




Finance Minister Pranab Mukherjee presents General Budget 2012-13 in Lok Sabha amid uproar.

Cabinet approves Union Budget for 2012-13.

Expect smaller current account deficit

GDP to grow by 6.9 percent in 2011-12, says FM

Economy is now turning around, manufacturing appears to be on revival, says FM

Amendments to FRBM Act part of the budget

Have to accelerate the pace of reforms, says FM

Inflation to moderate further in next few months and remain stable thereafter

Food Security Act will be fully provided for and subsidy to be 2 percent of GDP for next two years

Pilot project for direct transfer of subsidiary for kerosene has been initiated in Alwar, Rajasthan

Direct Tax Code (DTC) Bill to be enacted at the earliest

Government to raise Rs 30,000 crore in 2012-13 from disinvestment of stake in PSUs

Sensex gains 82 points in early trade ahead of Budget: The Bombay Stock Exchange(BSE) benchmark Sensex rose by over 82 points in early trade Friday as investors picked up selective stocks ahead of Budget.

The 30-share barometer, which fell by 243.45 points in the previous session, recovered by 82.61 points, or 0.47 per cent, to 17,758.46 in the first few minutes of trade Friday.

Similarly, the wide-based National Stock Exchange Nifty index moved up by 23.05 points, or 0.43 per cent, to 5,403.55.

Brokers said cautious trade on the back of selective buying by funds and retail investors on expectations of a market-friendly Budget for the year 2012-13 to be announced later in the day, influenced the trading sentiment.

Capital goods, power, realty, PSU, banking, metal and IT sector stocks were in demand, helping the Sensex to rise.

Meanwhile, Hong Kong's Hang Seng index was down by 0.20 per cent, while Japan's Nikkei index shed 0.14 per cent in early trade Friday.

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