2012 Union budget of India

Government budget Union Budget of India 2012 India 2011 Union budget of India 2011 2013 Union budget of India 2013 Emblem_of_India.svg 100px Emblem of India Pranab Mukherjee, Finance Minister March 16, 2012 INC http://www.indiabudget.nic.in Official Site The 2012 Union budget of India was presented by the finance minister of India Pranab Mukherjee on March 16, 2012.http://businesstoday.intoday.in/story/union-budget-2012-13-pranab-mukherjee-date-railway-budget/1/22201.html Union Budget 2012-13 on March 16, Railway Budget 2012-13 on March 14 Feb 15, 2012 Business Standard June 30, 2012 This budget was presented in a challenging backdrop of slowing domestic growth, high inflation, and global economic uncertainty stemming from the Eurozone crisis.15 March 2012 State of the Economy and Prospects https://www.indiabudget.gov.in/budget2012-2013/es2011-12/echap-01.pdf 10 April 2025 Ministry of Finance, Government of India The Indian economy is estimated to grow by 6.9 per cent in 2011-12... following a growth of 8.4 per cent in each of the two preceding years. This indicates a slowdown ...Taxes, Political Gridlock, and India's 2012 Budget: The Future of Economic Policy in India The National Bureau of Asian Research (NBR) https://www.nbr.org/publication/taxes-political-gridlock-and-indias-2012-budget-the-future-of-economic-policy-in-india/ 2025-04-11 en The budget aimed to revive growth, control inflation, and move towards fiscal consolidation.2011-02-28 Budget 2011-2012: Speech of Pranab Mukherjee, Minister of Finance https://economictimes.indiatimes.com/news/economy/finance/budget-2011-2012-speech-of-pranab-mukherjee-minister-of-finance/articleshow/7596164.cms 2025-04-11 The Economic Times 0013-0389 Background The Indian economy had experienced a slowdown in the fiscal year 2011–12, with GDP growth decelerating from the preceding years. The Economic Survey 2011–12, tabled just before the budget, estimated growth at 6.9%, a significant drop from the 8.4% recorded in 2010–11. Persistently high inflation, particularly in food prices, remained a major concern and leading to protests over corruption and price hikes.2012-04-14 India's union budget 2012–13: playing it safe East Asia Forum https://eastasiaforum.org/2012/04/14/indias-union-budget-2012-13-playing-it-safe/ 2025-04-11 en2012-03-16 India uses budget speech to sound upbeat economic note https://www.bbc.com/news/business-17394836 2025-04-11 BBC News en-GB The fiscal deficit was also under pressure, exceeding the initial budget estimates for 2011-12 along with subsidy spending reaching up to 2.5% of the GDP. Globally, the sovereign debt crisis in Europe added to economic uncertainty and impacted capital flows. The government faced criticism over policy inaction, sometimes termed 'policy paralysis',2012-03-16 Budget 2012 anti-people, reflects UPA's policy paralysis: Tamil Nadu Chief Minister J Jayalalithaa https://economictimes.indiatimes.com/news/politics-and-nation/budget-2012-anti-people-reflects-upas-policy-paralysis-tamil-nadu-chief-minister-j-jayalalithaa/articleshow/12293320.cms 2025-04-11 The Economic Times 0013-0389 which was seen as hindering investment and growth.2012-03-14 Untilised funds reflect government's policy paralysis https://www.governancenow.com/news/regular-story/untilised-funds-reflect-government-s-policy-paralysis 2025-04-11 Governance Now en Highlights Notable changes included:2012-03-16 Budget 2012 highlights https://www.businesstoday.in/business/budget-news/story/union-budget-2012-12-27368-2012-03-16 2025-04-11 Business Today en No change in corporate tax rates Exemption limit on individual tax raised to 200,000 Service tax raised from 10% to 12% Defence spending increased by 18% Excise duty raised from 10% to 12% Full exemption on import duty of thermal coal for power plants Customs duty on gold doubled Reactions The budget proposal was widely criticized to be a "play-it-safe", "too-conservative"2011-03-19 India's 2011-12 budget fails to see the big picture East Asia Forum https://eastasiaforum.org/2011/03/19/indias-2011-12-budget-fails-to-see-the-big-picture/ 2025-04-11 en budget with no big reforms or policy changes.Jayaraman K. S. 2012-03-01 Indian budget disappoints https://www.nature.com/articles/483384a Nature en 483 7390 384 10.1038/483384a 1476-4687 subscription Union Budget 2012 - Who Really Bit The Bullet ? https://www.forbesindia.com/blog/the-technocapitalist/union-budget-2012-who-really-bit-the-bullet-253360.html 2025-04-11 www.forbesindia.com en References Category:Union budgets of India Category:2012 in Indian economy India