Friday, March 16, 2012

BUDGET 2012 LIVE: Duty on big cars hiked to 27%



Pranab ends his speech with a warning: "India stands on the brink of a recession"


Long cigarettes will now cost more, Pranab announces an increase in excise duty on cigarettes.
Sensex begins to tank with increase in service taxes and excise duties
Duty on bicycle and bicycle parts has been reduced , duty on energy savings lamps have also been eased.
At 1230 hrs, the 30-share BSE Sensex is up 53 points at 17,729.09, a gain of 0.30%.
The NSE Nifty is up 20 points at 5,400.25, a gain of 0.37%.
Indirect Taxes

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