Budget 2013 News - Page 10

Budget 2013 highlights: Chidambaram ends speculation, rings in crorepati tax

The Finance Minister defied expectations and increased tax on people earning more than Rs one crore per year. However, this is only for one year.

Union Budget 2013: More money for public education, colleges

The Finance Minister has chosen to increase the allocation for the Ministry of Human Resource Development in a bid to woo the youth.

Budget 2013 Highlights: Chidu's formula for growth

Budgets can signal and impact sentiment, but they cannot really push up growth. If the Economic Survey talked about 6.1-6.7 percent GDP growth in 2013-14 even before the budget

Union Budget 2013: How Chidu cuts muscle this year to build fat next year

Now we know where the money for next year plan expenditure has come from. It is entirely by cutting this year’s budget.

Union Budget 2013: 5.3% deficit, tax on rich are 2 certainties

Chidambaram’s dilemma is this: how do you prove you are “responsible” to the raters and still be “irresponsible” enough to woo his boss without upsetting either constituency.

Hamlet, Kautilya, Nehru or Thiruvalluvar: Who will FM quote today?

Every finance minister in his budget speech has quoted some or the other famous personality, books written famous personalities, or even dead poets. Here is a compilation of few budget quotes from the ministers from MOF on North block .

5 key questions Chidambaram must answer in Union Budget 2013

What does the budget mean for financial markets? How credible is the government's fiscal deficit target? Read on to know more

Union Budget 2013: 8 ways in which FMs fudge numbers

Budget numbers can be invented at the drop of a hat if finance ministers want to desperately show better figures. So watch out.

Union Budget 2013: How realistic are expectations for auto, banking, infra?

Here we take a look at a few key industries, what they are expecting, how realistic those expectations are and what impact the announcements can have.

Union Budget 2013: On whom will Chidambaram's tax axe fall?

While the economists Firstpost spoke to agreed that a flat tax rate would be the ideal situation, the focus for the finance minister should be to curb wasteful expenditure to shore up its finances.

Budget 2013 is biggest test of Chidambaram's reformist credentials

The credibility of Chidambaram's budget would depend on the government's underlying assumptions on growth, asset sales and subsidies.

Why Chidambaram can't do a Warren Buffett in budget 2013

There is a case for taxing the incomes of the rich - mainly in dividends and capital gains - at the top tax rates, but the current situation will not allow the FM to really go after the rich.

Budget 2013: Cut subsidies to revive economy, Abheek Barua

Containing revenue expenditure will involve reducing subsidies and spending on welfare schemes and Barua concedes that political compulsions in a pre-election year may make this difficult.

Budget 2013 wishlist: FM should increase tax exemption cap

A maximum deduction of Rs 1,50,000 is available for interest paid on housing loan. The property price and interest rates have increased substantially over years. There is a need to revise this limit of deduction.

Budget 2013: Current account deficit concerns to persists, says Kotak’s Pan

The government's borrowing programme is going to be a bigger worry than fiscal deficit as it adds to the interest payment bill which is an unproductive expenditure, said Indranil Pan, cheif economist, Kotak Mahindra Bank

Budget 2013: Revenue deficit is India's Achilles heel, says Pronab Sen

Among the untargeted subsidies, he would like to see the fuel and fertiliser subsidies being pared down. In the case of food, the cost of holding foodgrain stocks is much more than the actual subsidy, he points out.

Watch: Will Chidu pass or flunk the Budget 2013 test?

Watch the video above to see the best advice Chidambaram will ever get before he presents the Union Budget 2013-2014.

Don't bother about Budget 2013, it's the rest of the year that matters

Budget Day is not important at all. It is what happens on the other 364 days that impacts growth and equity

Union Budget 2013: Chidu's real fiscal deficit will miss by a mile

If you add the oil subsidies given out by ONGC, Gail and Oil India, the real fiscal deficit will be closer to 5.7 percent despite the FM's best efforts

Rail Budget 2013: Stop hallucinating about Anubhuti

Will they create a new line of cleaning and sanitation systems for Anubhuti? Is it even possible? Do they have separate safety standards for these coaches?

Budget 2013: Why Inheritance tax means more money down the drain

There is some talk of the reintroduction of inheritance tax in budget 2013. It sounds good in theory, but it won't achieve much in practice. Here's why.

Budget 2013: More taxes for rich means more black money

Personal income tax rates in India were extraordinarily high between the 1950s and 1980s. They had led to high high levels of tax evasion in the first place

Budget 2013: Why politics will always affect economic decisions

It’s impossible to separate a budget from the wider political context.

Economic Survey: Without significant reforms growth story is bleak

The annual report was prepared by Raghuram Rajan, the former chief economist to the International Monetary Fund (IMF) who became the top adviser in the finance ministry last year

Budget 2013: Why FM would be better off without a speech

Budget speeches are really counterproductive. FMs who want to get the job done should avoid long speeches and focus on essentials.

Budget 2013: The speech that Chidambaram won’t make

What kind of Budget speech do we really require from P Chidambaram this year? Here are some things he needs to say to put India on the road to recovery.

Vedict on Railway Budget: Torn between a 'poll' budget and a 'bold' budget

While his fellow MPs may not have been too happy with his Budget, Railway Minister Pawan Kumar Bansal has largely been spared in editorials for his unambitious budget.

The great laundry sham: Railways and 5-star resorts have the same washerman

With quality of passenger services finding many a mention in the Railway Budget today, here are some of the services, with respect to linen, that you are entitled to.

Rail Budget 2013: Bansal vows e-ticketing revamp; 7,200 bookings a minute

Bansal said that passengers will now be able to book ticket from midnight 12.30am to 11.30pm.

Pawan Bansal's Railway Budget fails to impress Mumbai

Even as the railway budget presented today was described by the government as reformist and forward looking, some Mumbaikars called it 'dull and disappointing'.