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Union Budget 2013


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Budget 2013: Chidambaram nets big fish
Budgets presented in the run-up to elections, whether in the pre or post-reforms era, have tended to showcase how much the government is doing for the common man.

Union Budget 2013: Shockwaves on the Rich-ter scale, crorepatis clubbed with 10% surcharge blow
P Chidambaram decided to take a leaf out of the Warren Buffett rule book by whacking the wealthy with a rich tax, though he said it was only for the period of a year.

Union Budget 2013: Chidambaram has it covered for insurers
Insurance CEOs are excited about the proposals announced by the finance minister that make it easier to distribute policies.

Union Budget 2013: Now, ready-made for your wallet

TNN | | Prices of ready-made garments are likely to come down by about 5%, courtesy the restoration of the zero excise duty route for cotton and man-made sector at the yarn, fabric and garment stages.

Union Budget 2013: Smart phone prices leave users un-appy

TNN | | Mobile phones priced above Rs 2,000 are set to get expensive with the finance minister announcing a 6% excise duty on these handsets. The 5% hike from the existing rate will be passed on to the end consumers adversely affecting the growth in the mid and high-end handset market, said mobile phonemakers.

Budget 2013: Chidambaram delivers blockbuster at box-office

TNN | | Bollywood has a reason to smile. “To add to their spirit of celebration I propose to exempt the industry from service tax on copyrights relating to recording of cinematographic films,’’ said the finance minister.

Union Budget 2013: No fear, women can now bank on Nirbhaya fund

TNN | | Seeking to dispel the dark shadows of anti-government sentiment in the aftermath of the Nirbhaya incident, the government sought to woo women by stepping up allocations to Rs 8,500 crore for women-specific schemes and announcing a slew of measures, including an all-women bank and a Rs 1,000 crore initiative, called the Nirbhaya fund, for empowerment.

Union Budget 2013: Get cracking now, PM tells his ministers

TNN | | Prime Minister Manmohan Singh has said if measures to trim the fiscal deficit work and problems with environment and forest clearances are sorted, India can get back to the 8% growth path in a couple of years.

Budget 2013: First-time homes get tax room

TNN | | Considering the huge shortage of affordable housing in cities and towns leading to growth of slums, the government announced setting up of an urban housing fund to refinance banks and financial institutions for retail loans in urban areas.

Budget 2013: Bumpy road? Big Brother slams brakes

TNN | | There will soon be a regulator for the road sector that will address concerns of road users and private developers as well.

Union Budget 2013: We’re aiming at restraint, prudence and patience, P Chidambaram says

TNN | | P Chidambaram said on Thursday that the fiscal deficit estimate was credible and had been arrived at after months of work.

Union Budget 2013: Here is how the budget can help you grow your wealth

TNN | | The single most important provision is Section 80C. Under it, one can invest up to Rs 1 lakh in approved schemes and save up to Rs 30,900 in tax.

Union Budget 2013: Massage for Nitish, message to Modi?

TNN | | Finance minister P Chidambaram indicated that the Centre was ready for a sympathetic look at Nitish's "special-status-for-Bihar" demand.
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