category:/Budget News

Title and summary Date/time
Textiles ministry seeks duty rollback
The Union textiles ministry is seeking a rollback of the 10 percent excise duty on branded apparels, after all major retailers such as Shoppers Stop, Pantaloons, Westside, Lifestyle, Madura Garments and Arvind Brands among others observed a token strike ...
12 Mar, 2011
President of India launches Gender Budget Scheme for Mobile Connectivity
The Honourable President of India, Smt. Pratibha Patil today launched ‘Sanchar Shakti’ - the Gender Budget scheme for Mobile Connectivity & ICT related livelihood skills for Self Help Groups (SHGs) – an initiative by Vodafone Essar, ...
10 Mar, 2011
Budget day: News genre grows by 21 per cent
The 2011 budget day may not have brought with it all the goodies the nation so desired, but it has surely had a positive impact on the nation's television news genre.
3 Mar, 2011
Gold Reverses Gains As India Does Not Hike Import Duty
COMEX Gold drifted lower after an early upshot today as India's Annual Budget for 2011-12 did not propose any hike in the customs duty for the precious metals.
2 Mar, 2011
Budget disappoints gem and jewellery sector in Gujarat
The budget has come as a major disappointment for the gem & jewellery sector, as none of their recommendations were accepted.
1 Mar, 2011
Railways related stocks in focus ahead of Rail Budget
Stocks of firms whose fortunes are linked to orders from Indian Railway viz. Stone India, BEML, Titagarh Wagons, Hind Rectifiers, Kernex Microsystems (India), Kalindee Rail Nirman (Engineers), Texmaco and Container Corporation of India -- will be in focus ...
26 Feb, 2011
Budget Reaction of Mr. Karl Slym, President & MD of GM India
As far as the automotive industry is concerned, the budget did not meet all the expectations as the sector is yet to recover fully. We were not expecting any hike in excise duty and imposition of some duty on petroleum products at this juncture.
27 Feb, 2010
SIAM Welcomes Union Budget 2010-11
Dr. Pawan Goenka, President, SIAM and President – Automotive, Mahindra & Mahindra, stated that the Hon’ble Finance Minister and his team seem to have struck the right balance in pushing reforms, maintaining a high focus on social and ...
27 Feb, 2010
SIAM welcomes Railway Minister initiatives for the Auto Industries
The Railway Minister also declared that a freight policy in line with container freight policy is being worked out for movement of automobiles through railways. She also mentioned the induction of specific design wagons for the transportation of vehicles.
25 Feb, 2010
Reduction in Nissan Car price by Rs. 5000
Mitsubishi, Hyundai and Ford and many other car makers have also cut down their prices up to Rs 6000 to pass the excise duty cut benefit to the consumers.
11 Jul, 2009
Volvo reduced the sports vehicle XC90 prices by Rs 4 lakh
The Volvo XC90 D5 will be priced at Rs 42.5 lakh, Volvo the XC90 32 will be available for Rs 43.5 lakh and XC90 V8 for Rs 49.5 lakh.
11 Jul, 2009
Hyundai Motor India reduces prices of Sonata Transform
According to the duty reduction announced in the budget any car equipped with an engine capacity of over 2 litre will have a reduced excise duty. Earlier the additional duty of excise was Rs 20,000 but after the recent budget announcement this has been ...
8 Jul, 2009
Some Positives for Automobiles in Budget 2009: SIAM
Mr. Ravi Kant said that in recent times, rural market has been playing an important role for the automotive sector and measures aimed at enhancing the income levels in rural areas including increase in allocation to NREGA will have positive impact on ...
8 Jul, 2009
Budget will help fuel auto demand: Karl Slym, President & Managing Director, GM India
The automotive industry is one of the growth drivers of the economy and as such some tax relief would have helped the industry to generate some volumes. Having said this, government's intention to introduce GST with effect from 1st April 2010 and reduce ...
8 Jul, 2009
Honda India reduces prices for Accord & CR-V models
The prices have been revised following the lowering of specific excise duty by the Government on large cars of engine capacity of 2000cc and above from Rs 20,000 to Rs 15,000 announced in the Union Budget 2009 - 10. The new prices will be applicable with ...
8 Jul, 2009
Ford India announces lower prices for Endeavour
This new pricing of the Endeavour is a direct result of the announcement made in yesterday's Union Budget. It has been proposed that the excise duty applicable on cars of engine capacity 2000 cc and above will be reduced from Rs. 20,000/- per vehicle to ...
7 Jul, 2009
High-end car prices to fall soon
The first one to announce the decrease in the price of Rs 6000 on its partner Mitsubishi's Pajero, Outlander and Montero cars is Hindustan Motors Ltd (HML) and They would pass on the benefits of excise cut, says BMW, General Motors and Toyota, while Tata ...
7 Jul, 2009
Focused stimulus package the best move - Kurt Rippholz, group communications head, Volkswagen India
Volkswagen Group who is present in India with its brands Audi, Skoda and Volkswagen welcomes the 2009-2010 Union Budget’s aim to touch 8% to 9% level of economic growth.
7 Jul, 2009
HM- Mitsubishi Motors Reduce Car Prices by Rs 6000
Heralding the government's budget to stimulate the economy, Hindustan Motors Limited (HML) today offered to cut prices of its Mitsubishi SUVs – Pajero, Outlander & Montero by Rs.6,000/- with effect from 7th July ‘09.
7 Jul, 2009
Auto Industry’s expectation from the Union Budget
The Union budget to be presented on Monday is due from the new government (Govt.). The common man is expecting a lot from the new Govt. as a true representation of a secular Govt. with a progressive outlook.
3 Jul, 2009