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It’s all about luck: Chidu budget no better than Pranab’s
The negative reactions to P Chidambaram’s budget from the markets – bonds, stocks and commodities – tell us that, maybe, just maybe, we have been too tough on his predecessor. The stock market is upset that the budget is not reformist enough even though Chidambaram has cut the securities transaction tax. #P. Chidambaram #Pranab Mukherjee #Sonia Gandhi #UnionBudget2013
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Budget 2013 math is going out of the window already
By R Jagannthan The first big numbers to go out of the window from P Chidambaram’s barely two-day-old budget are at hand: subsidies in both fertiliser and fuel. In his budget, the Finance Minister had put out subsidy figures for fertiliser at Rs 65,974 crore for 2012-13 (the year just ending this #Budget 2013 #Fertiliser Subsidies #food subsidies #Petro Subsidies
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Budget 2013: Hedge against inflation, new avenues to save tax
Here are some of the key announcements in the Union Budget 2013-14 that pertain to investments and capital markets. New Avenues to save tax. New infrastructure debt funds to start in financial year 2013-14. Issuance of tax-free bonds worth Rs 50,000 crore will be allowed in 2013-14. GESS liberalized Under RGESS, a resident investor who #Budget2013 #Inflation #RGESS #Tax
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It’s not just tax treaties: Why foreigners aren’t impressed with Budget 2013
The foreigners aren't impressed with the budget presented by Finance Minister P Chidambaram yesterday. These include the rating agencies as well as investors who pour money into the Indian stock market. As Ruchir Sharma, head of the Emerging Markets Equity team at Morgan Stanley Investment Management and the author of Breakout #Break Out nations #Budget2013 #Chidambaram #fiscal deficit #Income tax #Inflation #Ruchir Sharma
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Govt says FY14 gross borrowing will be at Rs 5.79 lakh cr
New Delhi: The government today said it has pegged its gross borrowing for 2013-14 at Rs 5.79 lakh crore. "The gross market borrowing of the Central Government through issue of dated securities in 2013-14 is estimated to be Rs 5,79,000 crore," an official statement said. The net borrowing for next fiscal #fiscal deficit #government borrowing #NewsTracker #Securities
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Now Indians will have to work even harder for a smoke
There are many arguments on the prices of cigarettes in India. Many will tell you that cigarettes cost many times more in the UK, in the US, in Europe, why, even in Afghanistan, when compared to prices in India. Cigaretteprices.net would be a resource that those who argue that cigarettes in #Budget2013 #Cigarettes #OnOurMind
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Has ambition got the better of Reformer Chidambaram?
By Shanmuganathan Nagasundaram Of all the economists and advisors in government today, I considered Chidambaram the savviest and most reformist. Even when he made forgettable references to "The death of inflation" or Joseph Stiglitz’s "We care" statements or to the ridiculous concept of "potential GDP growth rate", I tended to give #Budget2013 #Naina Lal Kidwai #P. Chidambaram #UPA
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Budget 2013 verdict: Taxes, growth, markets
Was the Budget2013 much ado about nothing? While Finance Minister P Chidambaram failed to cheer the markets and the super-rich, some feel that he stuck to the basics and kept it simple. Firstpost columnists Vivek Kaul and Arjun Parthasarathy, and editors R Jagannathan, Saurav Majumdar, and Venky Vembu discussed the budget #Budget2013 #budget2013-videos #P. Chidambaram
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Chidu uses Modi as decoy to take Nitish for a ride
Two passages in P Chidambaram’s budget speech on Thursday seemed to contain political messaging that has been widely commented upon. In one paragraph, he seemed to be dissing the Narendra Modi development model; in another, he seemed to be offering a coded come-hither invite to Bihar’s Nitish Kumar. As Nitish Kumar #Chidambaram #Modi Model #Nitish Kumar #Union Budget 2013-14
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Rural schemes: re-bundling is good, but not good enough
One thing that went largely unnoticed in Finance Minister P Chidambaram’s Budget is the announcement that the 173 schemes and programmes run from New Delhi for the poor through the state governments, or part financed from there, would be cut to 70. The Centre would apparently be whittling them down #Budget 2013 #Drought #P. Chidambaram #Rural development
