US-Iran war CJP protest in Delhi US-Saudi nuclear deal Wildfires in Europe El Nino

Budget 2013 News - Page 2

Don't mis-sell, devise simple products, FM tells insurers

"In my view, the reason why insurance is stumbling in India is because of mis-selling of products and complex products. "If you want to sell insurance to India, you must sell simple products and must make it absolutely clear to agents and other officers that they should not mis-sell," Chidambaram said.

Realty sector welcomes Maken's views on mass housing

CREDIA has suggested mass rental housing, cheap housing for the economically weaker sections with enhanced FSI limits and creating special housing zones on the outskirts of Mumbai in adjoining Thane and Raigad districts.

Budget 2013: Realty should not expect a govt bailout

The slowdown in the sector reflects the operation of market forces which hopefully will compel new development to factor the consumer paradigm appropriately for better offtakes.

CII asks FM to extend tax benefits for M&As in all sectors

Industry body CII today asked the government to extend tax benefits pertaining to mergers and amalgamations (M&As) to all businesses such as telecom, sports, IT and entertainment.

Cong leaders to present Budget wish list to FM on Feb 14

Congress leaders are expected to make a strong pitch for hiking I-T exemption limit and raising allocations for anti-poverty programmes in the upcoming Budget

Salaried class wants I-T exemption limit raised to Rs 3 lakh

Also, transportation allowance is tax-free to the extent of Rs 800 per month. This limit was fixed more than a decade ago, and needs to be revised upwards to at least Rs 3,000 per month.

Budget 2013: Raise interest payment cap on housing loans, says PwC

PwC is of the opinion caption that the realty sector has been under pressure for long and the government should incentivise investments into the sector.

Budget 2013: FM may expand infra status to include key sectors

Industry has been demanding that definition of infrastructure be expanded to include some of the key sectors like telecom, housing, shipping and education. Infrastructure sector status ensures tax benefit and easier access to domestic and global funding.

Buget 2013: Analysts expect govt borrowing to be below Rs 5 lakh cr

Analysts have put faith in Finance Minister P. Chidambaram's fiscal discipline, with budget projections factoring in a 4.8 percent deficit, similar to the official forecast.

In a first, Britain releases names of tax cheats

Tax has become a sensitive issue in Britain as the government cuts spending to tackle a big budget deficit, and as more becomes known about legal loopholes firms such as Starbucks and Amazon use to sharply cut their tax bill.

Budget 2013: IT seeks minimum alternate tax reduction to 5%

The IT and IT-enabled services industry here has sought the reduction in minimum alternate tax (MAT) to 5 percent in the Budget 2013-14 for all IT companies operating in SEZs.

Dabur Q4 net up 18% at Rs 201 crore

FMCG major Dabur India today posted 17.61 per cent increase in consolidated net profit at Rs 200.55 crore for the fourth quarter ended March 31, 2013

Faulty accounting may help FM meet budget goals

This year's budget deficit will look smaller due to faulty cash-based accounting. Time to abandon this trick.

Don't tax the tax-paying rich even more; find more bakras

Taxing the rich or super rich who are already paying taxes is not the best way to raise more resources. It's better find more rich people who currently don't pay tax

UPA's final burst before the end of the race

Railway fares hiked, an imminent hike in diesel and LPG prices. Is it time for the final burst of speed on reform?

Separate the investor and tax planner in you

The investor and taxpayer should separate from one another. Investments should be made based on outlook for the asset class. The taxpayer should use all tax breaks available to save on tax.

Budget 2013 will be pragmatic, but not necessarily reformist

The markets will welcome a budget that is pragmatic and if global equities stay firm, Indian equities, bonds and the currency can see a strong rally after the budget.

Sensex at 20000: Markets will give credit where it is due

A good budget will see markets taking up PSU stocks along with the broad market and since PSU stocks have underperformed over the last two years the catch up could fetch handsome returns to investors.

5 ways to reduce the Indian appetite for gold

If reducing gold imports is an important short- or medium-term goal, here is the right way to go about it in gold-craxy India

Expectations from Budget soar post reform steps

The markets also understand that there will be pain in the short term for long-term gains.

RGESS or regress? Tax breaks won't help equity flows

Investors do not mind paying taxes as tax is paid on gains, unfortunately retail investors are nervous on whether they will see gains at all on equities given the current state of economic affairs.

Task cut out for FM, RBI after December IIP print

With global signals continuing to be weak, the rating agencies keeping a close watch and the slowdown showing little signs of abating, Chidambaram and Subbarao will have to come up with a common formula to keep growth from flagging further.