The interim Budget to be presented in the Lok Sabha is likely to provide for Rs 2,150 crore of recapitalisation package for three public sector banks — UCO Bank, Central Bank of India and Vijaya Bank
The package is aimed to help these banks to shore up their capital to over 12 per cent against [...]

The interim budget to be announced on Monday could bring some cheer to consumers and investors, as acting finance minister Pranab Mukherjee may use the opportunity to announce one more stimulus package in the form of targeted tax incentives.
Acting Finance Minister Pranab Mukherjee will present interim spending plans for the 2009/10 fiscal year starting [...]

The Highlights of the Railway Budget 2009-10
* Fares reduced by Re 1 for ordinary trains travel costing up to Rs 50 per ticket for journey above 10 km.
* Second class and sleeper class fares cut by two per cent for tickets costing Rs 50 and more.
* A/C First Class, II and III tiers and [...]

Railway Minister Lalu Prasad Yadav announced the interim railway Budget in Parliament . He said the railways has managed to earn a cash surplus of Rs 90,000 crore in five years. Lalu announced that he plans to invest Rs 35,900 crore in FY10.
Lalu announced 43 new trains and an across-the-board two per cent cut [...]

Having presented five consecutive railways budgets between 2004- 2008 without “directly” raising fares — in fact, making conditional fare-cuts here and there — Yadav looks all set to keep his date with history when he rises to present the interim rail budget in Lok Sabha on February 13. Railway Minister Lalu Prasad is expected [...]

With barely two months remaining for the current fiscal to end, the direct tax collection is more than Rs 1,00,000 crore short of budget estimate but the government is hopeful of meeting the target despite economic slowdown affecting personal and corporate income.
India’s April-January direct tax receipts were up by a slower-than-expected 12.5 percent on-year, [...]

The Budget documents presented to Parliament comprise, besides the Finance Minister’s Budget Speech, of the following:
A. Annual Financial Statement (AFS)
B. Demand for Grants (DG)
C. Appropriation Bill
D. Finance Bill
E. Memorandum Explaining the Provisions in the Finance Bill, 2008
F. Macro-economic framework for the relevant financial year
G. Fiscal Policy Statement for the financial year
H. Medium Term Fiscal [...]

Making a household budget may seem like a chore. An unreasonable and unnecessary addition to your already long list of duties. But the benefits of making a household budget greatly outweigh any disadvantages of having to do so. Here is why.
Have you ever received a letter from the bank telling you that your account [...]