Budget 2013 News - Page 8
Rupee unlikely to appreciate before Budget 2013
Fitch ratings warning on India's slowing economic growth and the possibility of a rating downgrade in the next one year sent the rupee lower today
Widen tax base, super-rich should pay more: economists to FM
During their customary pre-budget interaction with Finance Minister P Chidambaram, they also recommended the introduction of inheritance tax as well as a widening of the tax base to increase revenue and contain fiscal deficit.
Banks demand cut in lock-in period for tax-saving deposits
In a pre-budget consultation with Finance Minister P Chidambaram, bankers also sought permission to issue tax-free bonds like other financial institutions for raising funds and augmenting business.
Pre-budget talks: Aruna Roy a no-show, blasts Finmin
NAC member Aruna Roy has thrown a curve ball at Chidambaram and demanded that pre-budget consultations with social sector representatives and business should be held jointly.
Union Budget 2013: Will govt drop the tax axe on the rich?
In difficult times, governments tax their people more. So, gear up for an increase in your taxes in next year's budget, as the government is in dire straits.
Budget 2013: Does Chidu's 'dream team' have too many stars?
Ahead of Budget 2013, which will require him to walk a tightrope, P Chidambaram is assembling an all-star economic policymaking team.
Budget 2013: Dear FM, Indians aren't undertaxed; govt is a wastrel
Facing a huge budget deficit, the FM may resort to higher taxes. But our problem is we already pay a lot, but the money garnered is wasted
Talwars move HC for stay on release of movie on Aarushi case
Nupur and Rajesh Talwar, who have been sentenced to life imprisonment for killing their teenage daughter Aarushi and house help Hemraj in 2008, have approached the Bombay High Court seeking stay on the release of a movie purportedly based on the murder case.
Rail budget passed, Bansal announces 19 new train services
Railway minister Pawan Kumar Bansal announced on Wednesday introduction of 19 new train services, extension of three and increase in frequency of five trains acceding to demands of MPs.
Rail Budget 2013: Martyrs' parents get card passes
The gesture is a form of gratitude towards the sacrifice made by the martyrs from the Indian Railways.
Budget 2013 verdict: Taxes, growth, markets
Firstpost columnists Vivek Kaul and Arjun Parthasarathy, and editors R Jagannathan, Saurav Majumdar, and Venky Vembu discussed the budget in a Google Hangout yesterday. Following is a summary of the debate.
Chidu uses Modi as decoy to take Nitish for a ride
Chidambaram's references to Modi's development model is a red herring, just as his offer to reclassify Nitish Kumar's Bihar as special category state is a trap.
Women’s Bank: How symbolism kills real possibilities and real India
People who grew up in rural areas without banks, or in places where petty bankers were too highhanded to entertain the illiterate villagers, know where to go for the safe-keep of their precious money: that little window at their neighbourhood post office.
Dear FM, As a woman, here's why Budget 2013 will not help me
Our Finance Minister allocated some special funds for women and set up an all-women bank. But will that really help women?
Budget 2013 failed to address concerns of masses: Prakash Karat
CPI(M) general secretary Prakash Karat today said that the Union budget has "failed" to address the major concern of the masses and questioned the reason behind cutting oil subsidy and increasing the tax concession for the corporate groups.
Budget 2013: Women, a bank, the FM.. but what about housewife?
The Budget speech of the FM for many parts sounded like a speech written by a women’s liberation activist or a charming gentleman who knows how to please women folk with sweet talk.
Budget 2013 populist or credible? Here are the best arguments
The day after Budget is more important than Budget day. Simply because it takes us all time to read between the lines of a long speech. Here is a round-up of the best arguments that the experts have made while praising or railing PC's speech.
Snow White and 7 Dwarves of Budget 2013: Meet the stars
The nation watched P Chidambaram present his budget. But it was actually a casting call for a brand new edition of Snow White and the Seven Dwarves. Guess who gets to be the new Snow White?
Budget 2013: Nirbhaya fund? Not what the Indian woman needs
The Finance Minister's measures for women's development hasn't struck the right chord with women across the country.
Budget 2013 effect: Mobile phones set to get more expensive
Mobile phones are set to get more expensive this year. P Chidambaram proposed that the import duty on mobile phones that cost more than Rs 2000 would go up.
India Inc calls Budget 2013 balanced, realistic despite rich tax
Finance Minister P Chidambaram presented the Union Budget 2013-14 today. Here's how the Indian corporates reacted to the budget. Check the captions for their quotes.
Budget 2013: FM wants you to spend Rs 25,000 to save Rs 2,500
There must be more than 42,800 people earning more than Rs 1 crore in South Delhi alone.
Fudge or Budget magic? How Chidu works miracle with subsidies
Chidambaram's subsidy bills show a steep drop in 2013-14 - something which is difficult to believe
Boring Budget 2013: Why Chidu wasted his tryst with destiny
There is nothing wrong with P Chidambaram's budget. The only problem is the markets expected more from him.
Budget 2013 living document of UPA’s non-performance: Narendra Modi
Gujarat Chief Minister Narendra Modi on Thursday criticised the UPA's budget saying it showed the lack of connect between the government and the common man.
Delhi Metro gets Rs. 3,120 crore in budget
The Delhi Metro was on Thursday allocated Rs.3,120 crore in the union budget which will be spent on construction of Phase-III to lay another 103 km of tracks.
Rs 150 crore for development projects in Kudankulam
In a bid to appease the protest-hit Kudankulam town, where two 1,000 MW nuclear reactors are at an advanced stage of commissioning, the union budget allocated Rs 150 crore for carrying out various development works.
Budget ignores unorganised sector, elderly, children: Activists
Activists and experts on Thursday said the social measures proposed in the union budget were an eyewash and slammed the government for not taking care of the unorganised sector workers, the elderly and children.
PM, FM have merely blamed Pranab: Yashwant Sinha
Just as the Railway Minister criticised his predecessor minister in his budget speech, Chidambaram has indirectly criticised Pranab Mukherjee by saying “in the budget for 2012-13, the estimate of plan expenditure was too ambitious and the estimate of non-plan expenditure was too conservative”.
Budget 2013: Wind energy sector gets breather with return of incentives
Union Finance Minister P Chidambaram's budget on Thursday sought to breathe life into the wind power sector with reintroduction of generation based incentive while disappointing the industry by being silent on the accelerated depreciation scheme.