Budget 2013 News - Page 12

Budget Wrap: FM seen widening tax base, super rich tax unlikely

A super rich tax is unlikely to come in this budget as “policy makers within the government” favour more discussions before introducing it.

Rail Budget: Railways to import high-speed accident relief trains

Railway Minister Pawan Kumar Bansal will announce the procurement proposal of 160 km per hour high-speed relief train in his maiden Rail Budget 2013-14 on February 26.

RBI fears austere Budget 2013 will leave less room for rate cuts

Officials in the Reserve Bank of India fear that cutting capital spending on projects with strong multiplier effects like building roads and bridges, won't help revive growth, which is seen as a priority if the economy is to avoid a downward spiral.

If there was ever a need for a Big Bang Budget, it is now

Mahindra auto sector boss Pawan Goenka says tax on diesel vehicle would have serious negative impact

Budget 2013: Right expectations from FM are..

Despite fiscal prudence being high on the agenda, the United Progressive Alliance-led government would try to avoid any political backlash considering the fact that this is a final opportunity to present its full-year Budget ahead of Lok Sabha elections scheduled in early 2014.

Budget 2013: Will a Buffett-like tax help India's finances?

Will more taxes on the super rich improve India's fiscal health or will it have a reverse effect and result in more tax evasion? Watch the video to find out what experts have to say

Budget 2013: 'Raise home loan interest deduction to Rs 5 lakh'

In today’s times of rising prices and increased costs of living, the common man looks forward to having additional cash in his hands after the deduction of various taxes.

Budget wrap: Giveaways may come at cost of education bill

With UPA chief Sonia Gandhi pushing for 25 million families to qualify under the food security plan, finance minister P Chidambaram is having a tough time managing other social sector priorities given the mounting fiscal deficit.

No shock, some awe required in Budget 2013: Romesh Sobti

IndusInd Bank CEO says moves to fix fisc, clear roadmap on disinvestment necessary

Budget 2013: Govt cancels Rs 12k cr bond issue to lower mkt borrowing

Its cash position has improved with flow of over Rs 14,000 crore through disinvestments alone in February. Uptil now the government has collected around Rs 21,500 crore from PSU stake sales as against a fiscal target of Rs 30,000 crore.

Will Chidambaram's Union Budget have any scope for surprises?

Firstpost editors do not expect any big reforms in Budget 2013. While meeting key macro numbers is key, Chidambaram is unlikely to soak the rich with taxes and may only introduce marginal tax hikes for the rich

Budget 2013: How hard will Chidambaram bite subsidy bullet?

How far can Finance Minister P Chidambaram cut unproductive expenditure this year? This is one of the key concerns experts have been asking in the run up to the Budget 2013.

Dear Chidu, Union Budget 2013 is govt’s last chance

The budget is the last instance of the Congress being able to control good news.

Widen tax base, don’t raise taxes in Budget 2013, says Keki Mistry

The HDFC CEO says he is confident fiscal deficit target will be met in Budget 2013, but he hopes the FM expands the tax net instead of raising taxes

FM should chop special tax concessions in Union Budget: NCAER chief

Director General of the National Council of Applied Economic Research (NCAER) and former World Bank economist, Dr. Shekhar Shah, underlines what is most needed in this year's budget and the approach it should take.

Budget 2013: Colleagues oppose FM's spending cut plans

The latest to join the bandwagon of protesting ministers is Planning Commission head Montek Singh Ahluwalia since the burden of fiscal consolidation has largely fallen on plan expenditure, which is likely to be trimmed by around Rs 1 lakh crore in financial year 2013.

Budget 2013: Tax cuts for aviation a must, says KPMG's Vanvari

Vanvari’s expectations from the Budget are incentives for the infrastructure and manufacturing sectors to kickstart the investment cycle and curtailment of expenditure.

Budget 2013 should focus on domestic demand, local investors

Economist Kavita Rao of the NIPFP says that it is time to stop wooing foreign investors and focus on domestic investors instead

Chidu targets 12 lakh PAN holders for not filing returns

Directorate of Intelligence and Criminal Investigation has sent letters to 35,170 PAN holders containing their high value financial transactions detected through the hi-tech 360 degree profiling exercise.

Budget 2013 wrap: 8,500 I-T officers on strike

On one hand, 8500 I-T officers won't conduct raids or surveys till long-pending demands are met, while on the other some economists are lauding Chidambaram's latest efforts to mop up revenues and reign in deficit.

Budget wrap: Govt likely to borrow Rs 6 lakh cr in 2013/14

In expectations of a higher GDP growth next fiscal and in order to keep the fiscal deficit lower, the government's market is bound to go up

Unpleasant surprises over, Budget 2013 may please capital mkts: Ficci

The government has already postponed the implementation of the General Anti Avoidance Rules and finished unpleasant announcements like diesel and railway fare hikes. Some other sops such as a reduction in the securities transaction tax (STT) could be announced.