Budget 2013 News - Page 6

Rail Budget 2013: New trains, fuel cess, women safety are top priority

Among various options, Railways is contemplating whether to introduce fuel adjustment component in the fare structure to increase fares in all classes or hike passenger fares by a few paise per km, sources said.

Raising taxes: Will India lose its rich to Singapore and Dubai?

With the west going through a phase of raising taxes, India would be ill advised to copy the west, given that the ground reality for the Indian citizen is very different. It could also lose out to SIngapore and Dubai with much lower tax rates.

Chidambaram's Budget is at risk of being ambushed

Any short-term feel-good effect that the Finance Minister may generate in the Indian market with his budget proposals will likely be tempered by developments on the global economic and financial front, over which he has no control.

Mired in financial turbulence, will Rail Budget 2013 ditch populism?

Raising revenues ans setting its finances in order is the number one priority for railway minister Pawan Kumar Basal, who is all set to present the Rail Budget tomorrow morning.

Rot began in 2008: Why Chidu's Budget 2013 is a mea culpa

Chidambaram sowed the seeds of slowdown in 2008, his last budget. In Budget 2013, he will have to swallow crow and make amends for his folly of five years ago.

India abandons a stupid idea: no sovereign wealth fund

A country with huge external debts cannot afford a sovereign wealth funds. It is good that the idea is finally being laid to rest due to penury

Budget 2013 Q&A: It's Chidu-nomics versus Sonia-nomics

The FM will be judged not just by what he shows in the FY14 Budget (Budget 2013, due on 28 February) but also on whether he maintains fiscal discipline over the course of the year despite political pressure.<br /><br /> <br /><br />

Austere Budget 2013 would defy India's pre-election history

Finance Minister P Chidambaram could defy history if he presents a largely austere 2013/14 budget on February 28, ahead of general elections next year.

Will Budget 2013 bring bruises or balm to business and markets?

Finance Minister P Chidambaram is known as a market reformer, with his investor and business friendly policies. Today's Firstpost Budget Live Debate focused on what this Budget will have in store for India Inc and the rising middle class.

Budget wishlist: What can be done in indirect taxes

We have discussed below a few industry-specific as well as generic issues that are plaguing various sectors from an indirect tax perspective.

Budget: PM favours FM over Montek on plan expenditure

Is Ahluwalia slowly losing his prime his tag as the PM's most trusted advisor to Chidambaram?

Rail Budget 2013: Expect more amenities, 100 new trains

Maintaining cleanliness and hygiene in trains and stations, providing quality linen, upgradation of fire-fighting arrangements and new facilities for differently abled persons are some of the measures likely to be announced

Union Budget 2013: PM, Chidu set to leave us with a ticking time bomb

Manmohan Singh and Chidambaram are going to leave India more vulnerable to external shocks than ever. To uphold national interest, they have to sacrifice short-term political calculations

Rail Budget 2013: Minor revision of freight rate likely

Besides tweaking the freight rate, railways is likely to announce a slew of schemes to attract goods loading business from the road sector.

Budget session: Govt to push for insurance, pension bills

The Budget for 2013-14, to be unveiled on 28 February by Finance Minister P Chidambaram, will itself address key issues like declining industrial output, widening fiscal deficit and decelerating economic growth.

Union Budget 2013: Inheritance tax may make a comeback

The old estate duty was payable by the executors of the estate of a deceased under the Estate Duty Act, 1953.

Rail Budget 2013: 'Railways need Rs 120,000 cr, better PPP format'

The freight loading target of 1025 MT for FY13 is likely to be achieved, says Sachin Bhanushali from Gateway Rail Freight.

Mr FM, stop chasing corporates, trim govt staff strength instead

If only the FM would take a look at the cash-strapped government's ever-expanding list of ministries and regulatory agencies, he would realise that by just downsizing the government staff strength by 5 percent, he can save nearly Rs 6,000 crore.

Budget 2013: Realty needs long-term funding urgently

The realty sector needs a better environment to make a stronger footprint in tier II and III towns.

Rally in the offing? Bond buyers bet on budget 2013 to deliver

If Finance Minister Palaniappan Chidambaram announces a net borrowing figure of Rs 5 lakh crore or less for the year starting April 1, analysts say a 30 basis point drop in yields over the past two months could triple this year.

Why Union Budget 2013 will be the most austere in years

FM P Chidambaram is planning to cut the public spending target for fiscal 2013/14 by up to 10 percent from this year's original target, in what would be the most austere budget unveiled in recent history as he tries to avert a sovereign credit downgrade.

Bihar pins hope on Chidambaram's budget speech

The Centre's additional incentives could push the state's contribution to the national GDP to 10 percent from 2.8 percent at present, the Bihar chief minister said.

Cong seeks pro-poor stamp on Budget, will FM relent?

Among the demands that dominated Chidambaram's interaction with Congress office bearers, was a second farm loan waiver on the lines of one announced in the 2008 budget, doubling existing tax slab and plugging leaks in expenditure of funds.

Why Chidu and Subbu do not have much control over fiscal deficit

As long as the Westcontinues to print money, prices of oil and gold will continue to remain high. Hence, Indians will continue to buy gold and the oil bill will remain high.

Govt sitting on surplus cash, may borrow less in new fiscal

New Delhi has built up a cash surplus of about Rs 80000 crore as a result of Finance Minister P. Chidambaram's deep spending cuts to keep the fiscal deficit down at 5.3 percent of gross domestic product this fiscal year.

High fiscal deficit may trim welfare spending this budget: Ramesh

Union Rural Development Minister Jairam Ramesh today said there may not be a major increase in the allocation for social sector in the forthcoming Budget due to the grim fiscal situation.

Budget 2013: 'Realty needs regulator bill, industry status'

If the real estate sector gets the industry status, it will allow firms to raise capitals at much lower rates, says founder and CEO, Propequity, Samir Jasuja.

Why India's economy won't bounce back in a hurry

Even if the economy has bottomed out, after plumbing decadal lows in GDP growth, it isn't running away anywhere in a hurry. Get used to the new normal - of 5-6 percent growth.

Why Pawan Bansal jumped the gun on rail fare hikes

The only question people had about the railway fare hikes was about the timing.

5% GDP: Slowdown demands belt tightening, growth Budget

Critics warn that at a time of low growth, lower spending risks deepening the slowdown without helping the deficit-to-GDP ratio.