Budget 2013 News - Page 10

Union Budget 2013: On whom will Chidambaram's tax axe fall?

While the economists Firstpost spoke to agreed that a flat tax rate would be the ideal situation, the focus for the finance minister should be to curb wasteful expenditure to shore up its finances.

Budget 2013 is biggest test of Chidambaram's reformist credentials

The credibility of Chidambaram's budget would depend on the government's underlying assumptions on growth, asset sales and subsidies.

Why Chidambaram can't do a Warren Buffett in budget 2013

There is a case for taxing the incomes of the rich - mainly in dividends and capital gains - at the top tax rates, but the current situation will not allow the FM to really go after the rich.

Budget 2013: Cut subsidies to revive economy, Abheek Barua

Containing revenue expenditure will involve reducing subsidies and spending on welfare schemes and Barua concedes that political compulsions in a pre-election year may make this difficult.

Budget 2013 wishlist: FM should increase tax exemption cap

A maximum deduction of Rs 1,50,000 is available for interest paid on housing loan. The property price and interest rates have increased substantially over years. There is a need to revise this limit of deduction.

Budget 2013: Current account deficit concerns to persists, says Kotak’s Pan

The government's borrowing programme is going to be a bigger worry than fiscal deficit as it adds to the interest payment bill which is an unproductive expenditure, said Indranil Pan, cheif economist, Kotak Mahindra Bank

Budget 2013: Revenue deficit is India's Achilles heel, says Pronab Sen

Among the untargeted subsidies, he would like to see the fuel and fertiliser subsidies being pared down. In the case of food, the cost of holding foodgrain stocks is much more than the actual subsidy, he points out.

Watch: Will Chidu pass or flunk the Budget 2013 test?

Watch the video above to see the best advice Chidambaram will ever get before he presents the Union Budget 2013-2014.

Don't bother about Budget 2013, it's the rest of the year that matters

Budget Day is not important at all. It is what happens on the other 364 days that impacts growth and equity

Union Budget 2013: Chidu's real fiscal deficit will miss by a mile

If you add the oil subsidies given out by ONGC, Gail and Oil India, the real fiscal deficit will be closer to 5.7 percent despite the FM's best efforts

Rail Budget 2013: Stop hallucinating about Anubhuti

Will they create a new line of cleaning and sanitation systems for Anubhuti? Is it even possible? Do they have separate safety standards for these coaches?

Budget 2013: Why Inheritance tax means more money down the drain

There is some talk of the reintroduction of inheritance tax in budget 2013. It sounds good in theory, but it won't achieve much in practice. Here's why.

Budget 2013: More taxes for rich means more black money

Personal income tax rates in India were extraordinarily high between the 1950s and 1980s. They had led to high high levels of tax evasion in the first place

Budget 2013: Why politics will always affect economic decisions

It’s impossible to separate a budget from the wider political context.

Economic Survey: Without significant reforms growth story is bleak

The annual report was prepared by Raghuram Rajan, the former chief economist to the International Monetary Fund (IMF) who became the top adviser in the finance ministry last year

Budget 2013: Why FM would be better off without a speech

Budget speeches are really counterproductive. FMs who want to get the job done should avoid long speeches and focus on essentials.

Budget 2013: The speech that Chidambaram won’t make

What kind of Budget speech do we really require from P Chidambaram this year? Here are some things he needs to say to put India on the road to recovery.

Vedict on Railway Budget: Torn between a 'poll' budget and a 'bold' budget

While his fellow MPs may not have been too happy with his Budget, Railway Minister Pawan Kumar Bansal has largely been spared in editorials for his unambitious budget.

The great laundry sham: Railways and 5-star resorts have the same washerman

With quality of passenger services finding many a mention in the Railway Budget today, here are some of the services, with respect to linen, that you are entitled to.

Rail Budget 2013: Bansal vows e-ticketing revamp; 7,200 bookings a minute

Bansal said that passengers will now be able to book ticket from midnight 12.30am to 11.30pm.

Pawan Bansal's Railway Budget fails to impress Mumbai

Even as the railway budget presented today was described by the government as reformist and forward looking, some Mumbaikars called it 'dull and disappointing'.

Trinamool can't accept anyone else presenting rail budget: Bansal

Railway Minister Pawan Kumar Bansal on Tuesday said he was 'surprised' at Trinamool Congress's accusations of West Bengal being ignored in his budget as he had made adequate provisions for the state.

From PM to Nitish Kumar: Who said what on Railway Budget 2013

Here are some reactions to the Railway Budget 2013.

Rail Budget 2013-14: All the features you need to know

Cancellation charges increased for all classes between Rs 5 and Rs 50. No increase in parcel and luggage rates.

Rail budget inflationary, says Jayalalithaa

Tamil Nadu Chief Minister J Jayalalithaa on Tuesday termed the railway budget as inflationary, lacking long-term perspective and encroaching upon the state's domain.

Rail Budget 2013: Freight hike heightens food inflation worries

While Pawan Bansal spared the cattle class by not hiking passenger fares further, he may have fuelled inflationary concerns by raising tariff rates in the form of a diesel adjustment charge on fuel.

Rail Budget 2013: Nitish calls it 'disappointing'

Bihar Chief Minister Nitish Kumar on Tuesday described the rail budget as 'disappointing' and alleged that while Congress ruled states were given sops other states including Bihar have been neglected.

Rail budget and comfort travel: What's in it for you and me

The rail budget this time, is full of middle class amenities, rather than just fare adjustments. Here are a few things that made us smile...

Rail Budget 2013: Passes for Rajiv Gandhi Khel Ratna winners

Bansal said that the railways had put up with an sterling performance in different sports events both nationally and globally.

Rail Budget 2013: More comfort for differently-abled, elderly passengers

The Indian Railways will install 179 escalators and 400 lifts during the 2013-14 fiscal year.