According to Union Budget 2012-13, for the Indian economy this was a challenging year. A number of global and domestic factors militated against the growth that had revived in the last two years. But India has thrived under challenges and India will do so now. The sovereign debt crisis in the Euro Zone intensified, political turmoil in Middle East injected widespread uncertainty, crude oil prices rose, an earthquake struck Japan and the overall gloom refused to lift.
Union Finance Minister in his Union Budget 2012-13 has increased the basic customs duty on standard gold bars; gold coins of purity exceeding 99.5 per cent and platinum from 2 per cent to 4 per cent and non-standard golds from 5 per cent to 10 per cent, In sync, basic duty on gold ore, concentrate and dore bars for refining is being enhanced from 1 per cent to 2 per cent. On the excise side, duty on refined gold is being increased in the same proportion from 1.5 per cent to 3 per cent.
IIPM Gurgaon New Delhi start a admission process in 2012-2013 batch. Over Finance Minister Pranab Mukherjee declare a budget for Education.
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