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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.

Govt allocates Rs 532 cr for modernisation of post offices

PTI | | Government has allocated Rs 532 crore for IT modernisation project of post offices which are gearing up to offfer core banking sevices.

Union Budget 2013: Respite for foreign investors; norms simplified, uniform KYC

PTI | | Looking to attract more foreign investment into the stock market, finance minister P Chidambaram on Thursday said procedures for overseas investors would be simplified besides having uniform KYC norms for them.

Union Budget 2013: Govt targets Rs 55,814 cr from PSU stake sale next fiscal

PTI | | Finance minister P Chidambaram has doubled the disinvestment target for next fiscal to Rs 55,814 crore, from Rs 24,000 crore estimated in the current fiscal.

Budget 2013: First time home buyers to get additional tax break of Rs 1 lakh

PTI | | Finance minister P Chidambaram on Thursday raised tax deduction limit by Rs 1 lakh for the first time home buyers to promote the housing sector.

Union Budget 2013-14: Govt announces 'Nirbhaya Fund' for safety, empowerment of women

PTI | | In a tribute to the 23-year-old Delhi gang-rape victim, government today announced 'Nirbhaya Fund' of Rs 1,000 crore for safety and empowerment of women.

Budget 2013: Tax sops in Rajiv Gandhi Equity Savings Scheme extended to 3 years, Chidambaram says

PTI | | Chidambaram proposed liberalising the Rajiv Gandhi Equity Savings Scheme to enable first time investors to park funds in MFs and listed shares and extended tax benefits to three successive years.

Union Budget 2013: Tax credit of Rs 2,000 for persons with income up to Rs 5L; 10% surcharge on super-rich

PTI | | Giving small relief to tax payers, finance minister P Chidambaram on Thursday announced a tax credit of Rs 2,000 for persons with income up to Rs 5 lakh.

Union Budget 2013: Government hikes defence allocation

PTI | | oday's allocation is up by Rs 25,169 crore from last year's revisited estimate of Rs 1,78,503 crore. The budget estimate was Rs 1,93,407 crore but Rs 14,904 crore was slashed by the finance ministry owing to the strain on the economy.

History of the Budget: Chidambaram's 8th, India's 82nd

PTI | | Chidambaram on Thursday presented his eighth annual Budget in Parliament, the second highest by anyone in the country after a record ten by former Prime Minister Morarji Desai.

Union Budget 2013-14: India's first all-women bank by October: Chidambaram

PTI | | India's first all-women public sector bank will open soon, finance minister P Chidambaram announced on Thursday.
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