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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.

Budget 2012: Devil in the fine print

TNN | | Cash donations above Rs 10,000 towards scientific research or rural development or to certain funds, charitable institutions will not be eligible for tax benefits under section 80G and 80GGA of the Act.

Times guide to indirect tax

| Pranab Mukherjee said that the government is working for the early implementation of proposed reforms in the indirect tax system.

Budget 2012: No big bang, but this is as good as it gets

| With the global economy still not out the woods and the Indian economy showing distinct signs of moderation, Budget 2012 was closely watched as many feared that the government may take drastic measures to increase tax revenues.

Budget 2012: Brickbats dominate Twitter

TNN | | Finance Minister Pranab Mukherjee’s pop-culture references did little to placate those peeved with the hike in service tax, excise duty and more on Twitter.

Union Budget: 5 crore salaried persons to bear the brunt of EPF cut

TNN | | No less than 4.72 crore salaried persons will be hurt by the Centre’s decision to reduce employee provident fund (EPF) interest rates from 9.5% to 8.25%.

Fails to lift flagging spirit: BJP

TNN | | BJP on Friday questioned the budget’s maths, insisting that the fiscal deficit target of 5.1% of GDP camouflaged the real revenue-expenditure gap and slammed the exercise as inflationary and lacking a big picture.

Taking from poor to feed the rich: Left

TNN | | Expectedly, the Left slammed the Union Budget describing it as ``regressive’’ for its failure to address inflation.

Budget 2012: Bad news with the Bard’s line

TNN | | For once, Rabindranath Tagore, the staple, rent-a-quote poet for finance minister Pranab Mukherjee was missing. In keeping with the mood, Mukherjee fell back on Shakespeare’s much-lamented Prince of Denmark.

Budget 2012: Mystery of Pranab’s missing deputy

TNN | | The dark, mustachioed figure of S S Palanimanickam was missing when finance minister Pranab Mukherjee rose to make his speech in the Lok Sabha, a break from the past several budgets in UPA I and II, where he has been a fixture as MoS for finance.

Trinamool calls budget tolerable

TNN | | Trinamool Congress on Friday was relatively muted in its reaction to the budget presented by finance minister Pranab Mukherjee, with Mamata Banerjee’s party describing it as “tolerable”.
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