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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: Govt to set up Road Regulatory Authority

PTI | | The government said on Thursday it would set up a road regulatory authority in 2013-14 to address financial stress, construction risk and contract management in the road sector.

Budget 2013: Farm credit enhanced by Rs 1.25 lakh crore for FY'14

PTI | | Finance minister P Chidambaram today announced a sharp increase of Rs 1.25 lakh crore in agriculture credit target to Rs 7 lakh crore for next fiscal.

Union Budget 2013: Govt to set up two ports in Andhra Pradesh, West Bengal

PTI | | "Two new major ports will be set up in West Bengal and Andhra Pradesh," finance minister P Chidambaram said while presenting the Budget for 2013-14.

Union Budget 2013: No change in income tax slabs or rates, 10% surcharge on super-rich

TNN | | Those whose taxable income exceeds Rs 1 crore a year will have to pay a surcharge of 10%, Chidambaram said in his Budget speech.

Chidambaram presents Budget 2013, makes strong pitch for inclusive development

TNN | | Health for all and education for all are govt's priorities, Chidambaram said laying stress on inclusive growth in his Budget speech.

Union 2013-14: Mangalore citizens want more money in their purse

Stanley Pinto | | Hike in basic income tax exemption limit from the present Rs 2 lakh tops the wish list in this coastal city.

FM may use dividend distribution tax

| Finance minister P Chidambaram may look at various options other than higher rates to tax super rich.

Turn on the growth drivers: That's the primary challenge before P Chidambaram, as he presents the Union Budget

| With the Indian economy faltering amid its lowest growth period in the last decade, all eyes are on Budget 2013-14 , due to be presented shortly.

Middle class wants a raise in tax exemption limits

Aparna Ramalingam | | A vast majority of salaried class people want the finance minister to raise the exemption limit of income tax to at least Rs 3 lakh and increase deductions such as medical and educational allowances in the Union Budget so that they are left with more purchasing power, as per a recent survey conducted by Assocham.

I have drawn red lines for Budget: Chidambaram

PTI | | Red lines have been drawn for next month's Union Budget, finance minister P Chidambaram has said ruling out abandoning of all subsidises while non-merit ones could be eliminated over a period of time.
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