Annual Budget for 2012-13 on March 16

Disclaimer: Information presented on this site is a guide only. It may not necessarily be correct and is not intended to be taken as financial advice nor has it been prepared with regard to the individual investment needs and objectives or financial situation of any particular person. Stock quotes are believed to be accurate and correctly dated, but does not warrant or guarantee their accuracy or date.
Our site takes no responsibility for any investment decisions based on recommendations provided on website.
Google Adsense Ads are posted on every page of the website so visitors clicking on Ads and going to those links and carrying any financial deal is not at all related to to our website and any financial deal should be done on their own sole responsibility.

The finance minister said on Tuesday he expects an upward revision of the advance GDP growth estimate of 6.9% for the 2011-12 financial year ending in March, when the full data becomes available.

A moderation in headline inflation, a possibility of bumper crop and a strong performance in the service sector could help recover the growth momentum, Pranab Mukherjee said in a statement.

India's economic growth may dip below 7% in the current fiscal year, provisional estimate released by the government said earlier, the slowest pace since the 2008 financial crisis, restrained by the central bank's inflation-fighting campaign and government gridlock.

Meanwhile, Mukherjee will present the annual Budget for 2012-13 on March 16, while the railways budget will be presented on March 14, a minister said on Tuesday.

The budget session of parliament will start on March 12, Pawan Kumar Bansal, minister of parliament affairs, told reporters.

The government will present on March 15 the Economic Survey for 2011-12, a document on the state of economy prepared by the economic division in the ministry of finance, he said.