Discover Stock Market India Nifty Bank Nifty Technicals Analysis & India Business Stories: Feb 16, 2009

Full coverage of Interim Budget 2009

http://economictimes.indiatimes.com/budget.cms

Full Speech: Interim Budget 2009-2010

With FM's hands tied by convention, it's over to RBI

16 Feb 2009, 1432 hrs IST, TK ARUN, ET Bureau

Propriety, it would appear, has tied Mr Mukherjee's hands. He has followed the tradition of the interim budget merely being a vote on account, without tweaking taxation. The global economic crisis and its impact on the Indian economy had given him an opportunity to de-part from tradition and announce some measures in the budget that would give a fillip to the slowing economy. He has chosen not to.

Budget a sob story: Pranab presents UPA report card

Budget a sob story: Pranab stops at presenting UPA report card

16 Feb 2009, 1244 hrs IST, ECONOMICTIMES.COM

Infrastructure is the only sector that could have a short-lived reason to rejoice post the presentation of the interim budget even as the UPA government decided to maintain status quo on direct and indirect taxes for the next four months in a vote-of account that quadrupled India’s revenue deficit estimates.

Full Speech: Interim Budget 2009-2010

Spending may jump to counter global crunch: Govt

Deficit must go up after 'dream' economic run: Govt

No mandate to tweak taxes; can't keep borrowing: Mukherjee

16 Feb 2009, 1323 hrs IST, PTI

The government has pegged fiscal deficit at 5.5 per cent of Gross Domestic Product for the next financial year, against the revised figure of 6 per cent in the current financial year.

Full Speech: Interim Budget 2009-2010

Rs 1,41,703 cr for defence sector

No tinkering in tax and duty rates

Govt warns deficit must go up after 'dream' run

Budget a sob story: Pranab presents UPA report card

Market falls 3.4% as budget dashes stimulus hopes
Indian equities ended with sharp losses Monday as traders unwinded long positions after the UPA government washed away expectations of a stimulus package in the form of interim budget.

Service tax budgeted at Rs.689 bn for 2009-10
Revised estimate for the current fiscal was put at Rs.65,000 crore in the interim budget, presented by Pranab Mukherjee.

Markets:
http://economictimes.indiatimes.com/marketnew/1977021501.cms

Reactions:
http://economictimes.indiatimes.com/budgetlist/4069777.cms

Reactions to interim budget

Realty sector disappointed with 'lacklustre' Interim Budget
Realty sector expressed disappointment over the 'lacklustre' interim budget and said govt has done nothing to provide relief to the industry.

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Budget Basics

Budget Glossary
If financial terms sound to you like the British mumbo-jumbo, here's a ready reckoner for you. Team ET simplifies the Budget terms in a five-part series. We have, however, departed from the way glossaries are presented, in alphabetical order.

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HIGHLIGHTS - Interim budget 2009/10

Govt says spending may jump to counter global crunch

The government projected spending may have to jump later this year to shield the economy from a global slump and stem job losses, fueling fears of a spiralling fiscal deficit that is headed for a 7-year high. Full Article | Full Coverage

Govt keeps tax rates steady

BSE Sensex falls as budget disappoints

High deficit may defer rate cuts - adviser

Govt to raise extra $9 bln in 08/09

Slideshow: Interim Budget 2009/10

BSE Sensex falls 3.4 pct as budget disappoints 6:35pm IST

MUMBAI (Reuters) - BSE Sensex fell 3.4 percent on Monday, its biggest drop in two weeks, after an interim budget failed to provide a much needed impetus to struggling sectors such as construction and autos. Full Article

Govt keeps tax rates steady, sees 7% rise in revenues

India gold braces for 16,000; demand may recoil

Govt to raise extra $9 bln in 08/09; won't tap mkt

More Money News...

FOCUS ON INTERIM BUDGET 2009/10

File photo of a farmer working in a rice field in Nischintapur village, 15 km south of Agartala September 1, 2007. REUTERS/Jayanta Dey/Files

HIGHLIGHTS

File photo of the parliament building in New Delhi February 16, 2006. REUTERS/B Mathur/Files

INSTANT VIEW

INDUSTRY VIEW

Investors lose Rs one trillion on Budget day

16 Feb 2009, 1949 hrs IST, PTI

Investors lost close to Rs one lakh crore as market gave a thumbs down to the Budget. Gainers: BSE ( A, B ) | NSE | Losers: BSE ( A, B ) | NSE | 52 Wk: High, Low