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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.

Securities Transaction Tax cut not deep enough to deliver volumes

TNN | | The finance minister’s move to reduce Securities Transaction Tax by 20%, from 0.125% to 0.1%, on cash delivery transactions comes as a dampener for the market as the segment accounts for a negligible portion of the total securities business.

Budget 2012: Trust deficit hits Street

TNN | | Despite a rather deft balancing act, Dalal Street gave a thumbs down to Pranab Mukherjee’s seventh Budget, pulling down the sensex by 210 points to 17,466 as domestic investors, rather than the foreign ones, pressed the sell button. The absence of any immediate trigger for the market was the reason for the sell-off on Friday, brokers and dealers said.

2G: Growth & global capital

| The budget is pragmatic and grounded in reality. It seeks to address the distortions resulting from an interrupted recovery. Growth in 2011-12 slowed to 6.9%, from 8.4% in each of the preceding two years.

Home-buying now more TDS

TNN | | Purchasing an immovable property generally involves running from pillar to post. Now, a home buyer (and seller) will need to run to the bank to deposit TDS.

Budget 2012: Savings account in your interest

TNN | | Now, there’s a reason to laugh all the way to the bank. Finance minister Pranab Mukherjee has made interest income up to Rs 10,000 from a savings bank account exempt from tax.

Pranab scripts happy Bollywood kahaani

TNN | | Bollywood has something to cheer about in its centenary year, as finance minister Pranab Mukherjee proposed to exempt the industry ``from service tax on copyrights relating to recording of cinematographic films’’.

Mamata unhappy with Budget, but no fresh faceoff

TNN | | The Union Budget was frugal in its plans for Bengal and did not show the state a way out of its debt trap, but chief minister Mamata Banerjee on Friday opted for a firm nudge to the UPA government rather than another ballistic protest.

Tax trimmer: The budget can help you grow your wealth

TNN | | The single most important provision is Section 80c. Under it, one can invest up to Rs 1 lakh in approved schemes and save up to Rs 30,900 in tax. Investment of up to Rs 1 lakh is deducted from taxable income and tax liability reduced accordingly.

Budget 2012: Star ratings

TNN | | The Indian film industry had something to cheer about in the Budget following the proposal to exempt it from Service Tax on copyrights relating to recording of cinematographic films.

Small equity scheme? What a capital idea

TNN | | In an attempt to encourage participation of retail investors in the capital markets, the government has proposed a tax exemption scheme for equity markets targeted at new investors.

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