Live Video Coverage of Union Budget 2012-13

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The Financial year 2012 has set off and the time of tabling the Union Budget 2012 has almost approached. Like the previous budgets, there are many expectations from the Union Budget 2012. Mr. Pranab Mukherjee, the Union Finance Minister, is going to table the Union Budget on 16 March after disappointing Rail Budget which was tabled by the Union Railway Minister on 14 March 2012.

Below are some of the expectations given from Union Budget 2012 -

  1. Basic Tax exemption limit is expected to go up from 1.8 L to 2 L
  2. The Union Budget should save up for monetary policies and be stringent on fiscal policies.
  3. The managing director of Kotak Mahindra Bank informed a news agency that he expects that the budget in 2012 would incorporate measures to handle the fiscal deficit.
  4. Launch of Fiscal Consolidation is expected.
The amount of expenditure should be equal to income for any economy, starting from tiny families to a nation. This is important for that nation to be on the right track. The Central Government is planning to furnish a budget policy in the middle of March for the approaching fiscal year which is starting on 1st April, 2012.

Last Updated on 3/14/2012