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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: Ice-cream & chocolate melt under tax heat

TNN | | Apart from a few sops announced on R&D and agriculture that benefit the industry, consumers will have to digest an across-the-board excise duty increase, making packaged food products and ready-to-eat products costlier.

Size batters: Sedans and SUVs to cost a lot more

TNN | | Get ready to pay more for automobiles, especially if you are looking to upgrade to a sedan or buy an imported SUVs.

Life insurance no longer a savings grace

TNN | | For those whose primary objective is to build a retirement fund, life insurance as a savings instrument will lose its sheen. However, purchasing health insurance will become cheaper as payments for pre-acceptance medical tests will now be eligible for tax breaks.

Commodities transaction tax scan clear, commodity traders sigh with relief

TNN | | Commodities traders rejoiced as trading in that segment was kept out of the purview of the transaction tax net, something they had apprehended.

Budget 2012: IPO e-push, but will it pull investors?

TNN | | The initial public offer (IPO) market may have been in the dumps last year but the Budget has proposed measures to give it a push to reach more retail investors in small towns.

Budget 2012: Govt seeks fairy to give banks teeth

TNN | | After having to fall back on the Life Insurance Corporation to recapitalize banks in 2011-12, the government is now looking at creating a holding company which will raise funds to invest in shares of public sector banks.

FM fails to bond with debt market

TNN | | Bond prices fell on Friday as the money market saw its worst fears coming true in terms of an oversized government borrowing. Sentiment for the rupee, however, improved as the Budget had several measures to encourage dollar flows and control demand.