Budget 2013 News - Page 7
FM takes transfer pricing route to rake in the moolah
If the capital-hungry govt falls for blackmail by global majors, it is sure to loose a huge amount of money.
Budget 2013: Infra status alone won't create cheap housing
The biggest problem of affordable housing is the lack of political will to ensure it becomes a reality and the fact that it is being created in places that are not habitable, said Pankaj Kapoor, MD of real estate research firm Liases Foras
Taxmen cometh: Corporates get stinkers on tax evasion
Under pressure from finance minister P Chidambaram, he tax authorities are going after corporates seeking explanation for their lower service tax and excise duty payments.
New GST compromise is not what the doctor ordered
The new GST deal is not the triumph of compromise over confrontation. It could become a nightmare to implement
Not budget, but policy implementation key ratings driver: Fitch
Fitch warned that given the country's record on policy implementation and the General Elections scheduled in 2014 "the political and implementation risk remain significant".
Budget 2013: People won't buy more homes if they get more tax breaks
People don't buy homes to get a tax deduction. The average middle class Indian buys a home to stay in it. And for that to happen, real estate prices and interest rates have to come down.
Why CAD is bad: Subbarao spots a new thing to fret about
After an obsessive focus on inflation, the RBI has brought out a new rabbit to worry out: the current account deficit. But this is for real
Budget cuts: Defence, welfare, nuclear power face the axe
One reason the cuts are needed is a rising subsidy bill. The finance ministry expects the burden for providing cheaper fuel to jump by nearly Rs 50000 crore r, above earlier estimates of Rs 43,000 crore.
Ahead of Budget, S&P sounds positive note on India
The possibility of India losing its investment grade credit rating has receded somewhat as a result of economic reforms undertaken by the government since last September, an analyst with rating agency Standard & Poor's told Reuters on Thursday.
GST gets a lifeline.. but still hangs in balance
Though now there is clarity on some of the issues, one major uncertainty remains - the rollout deadline.
Now learn all about paying taxes through TV quiz-show
The I-T department is scouting for a television channel to produce and telecast the 12-episode quiz show to sensitise the younger generation about the need to pay taxes.
UPA has made economy more vulnerable; fix that first
The FM's task in the next budget is to negotiate India's twin fiscal cliffs - the budget and external deficits. Growth, etc, will follow if we deal with these issues
Argument for taxing very rich should be considered: Chidambaram
On the Budget to be presented next month, the finance minister said the Budget is not drawn up keeping an election in mind.
Budget will prove we mean business: Chidambaram
Chidambaram hits the road selling the India growth story, but investors want to know if the government has the political will to do what it takes..
Do your worst, Mr C; India isn't about to give up on gold
The increase in gold duties and linking ETFs to gold deposit scheme may not work the way the government hopes they will
Govt hikes import duty on gold by 50% to 6 percent
The minimum quantity of gold that may be deposited and the tenure of deposit has also been reduced to six months from three years earlier.
Budget 2013: Super-rich? Rejoice, FM won't bother taxing you more
It is more than likely that the talk about taxing the super-rich is just talk: it will lower expectations of tax relief and allow the FM to raise resources quietly
Why growth impacts budgets positively, and not vice-versa
The causality runs from growth to budgets and not the other way round. And economic forecasting is a mugs' game.
Diesel hike: Chidam-broom is not really sweeping clean
The diesel half-reform by UPA is really a quarter reform that ultimately may not work.
Diesel price decontrol: Bad karma catches up with UPA govt
The lesson that the UPA government ought to take away from this is that it may run, but it cannot hide, from the malefic effects of bad economics.
Govt committed to moderate tax rates, says Chidambaram
Finance Minister P Chidambaram today said the government is committed to moderate tax rates and is working towards modernising administration to minimise transaction cost and maximise taxpayer convenience.
Budget 2013: Mr FM, when it comes to taxes, less is more
Not with higher taxes on the super-rich, but by keeping tax rates at low and reasonable levels.
Budget 2013: How about some GAAR relief for Indians too?
The deferment of GAAR sends a strong signal of relief for foreign investors. But can India's markets march on only one leg - that of FIIs?
Budget 2013: An open letter to FM from the aam aadmi
The political parties don't represent me, they represent their own interest.<br /><br />
Chidambaram proves he is peerless in pushing the market
Chidambaram is reduced to keeping market players in good spirits because virtually all avenues of raising revenue or scaling down big-ticket expenditure items are closed to him. FII inflows are his only bet to revive the economy.
FM defers GAAR ahead of Budget, Sensex soars to 2-yr high
The government will delay by two years implementation of controversial rules on tax avoidance to 2016, a decision which earned a positive market reaction and is likely to help attract more capital inflows.
Budget wrap 2013: Excise, service taxes may go up by 2%
Today's papers had a sprinkling of hints on which way the finance minister may be leaning, and the big revenue raiser may be an increase in indirect taxes, not direct.
Mr Bansal could you please just scrap your rail budget?
If the Railway Minister can hike fares and freight without a grandstanding budget speech, why waste time over it?
Earning Rs 12 lakh? Well, you are rich, and can pay more tax
Umost probably is eyeing a Robin Hood-like image, which would mean the real super rich will be taxed to serve the middle and lower classes.
Union Budget 2013: Will the reformist Chidambaram stand up?
In 2008, Chidambaram set the stage for messing up India's finances with his loan waivers and freebies after four good budgets. He cannot afford another mess-up in pre-election budget 2013.