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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.

Next month's Budget will be 'responsible': Chidambaram

PTI | | Finance minister P Chidambaram on Tuesday said general elections are 15 months away and the Budget to be presented next month will be "responsible".

Credai wants inclusive housing policy, tax reliefs in 2013-14 Union Budget

Rajshri Mehta | | Credai suggested scrapping of the RBI risk weightage and called for banking reforms and facilitate easy and low-cost funding for housing to encourage developers to increase the supply and bring down prices.

India ranks high on budget transparency

Lubna Kably | | India enjoys a high rating when it comes to budget transparency practices. It ranks 14th among the 100 countries that were surveyed. Its open budget index score of 68 out of 100 is much higher than the average score of 43 for all countries covered in the Global Open Budget Survey 2012.

How Budget 2012 enhances your savings kitty

Preeti Kulkarni and Vidyalaxmi | | Despite the new tax slabs, don't look for ways to splurge as you may end up spending more on your bills due to the hike in service taxes and duties. Budget special

Pranab Mukherjee's bid to shield revenue from court rulings

TNN | | Finance minister Pranab Mukherjee is trying every tool available to him to ensure that he does not lose revenue due to court or tribunal rulings.

Pranab says he was extra careful while formulating Budget

PTI | | Finance Minister Pranab Mukherjee today said he was "extra careful" while formulating his Budget proposals in view of the political situation on the ground.

With no tax on diesel vehicles, auto makers mull expansion

PTI | | As the Budget has spared diesel vehicles from the much feared additional tax, auto firms such as M&M, Hyundai and Maruti Suzuki are expected to press ahead with plans to expand engine capacities in this segment.

Experts say no timeline for GST, DTC implementation in Budget

PTI | | Experts have said the Budget for 2012-13 has failed to set any timeline for implementation of vital economic reform measures and not unveiled any concrete measures to address the problem of ballooning subsidy.

Service tax exemption to leave advertisers with surplus funds

PTI | | Service tax exemption on advertising on media platforms, excluding TV and radio, could result in availability of up to Rs 1,500 crore more to advertisers for spending on campaigns, according to industry experts.

Budget disappoints infotech sector

PTI | | The Budget has left the infotech sector more or less sour, as it has not met most of its expectations.
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