Budget 2013 News - Page 13

Why CAD is bad: Subbarao spots a new thing to fret about

After an obsessive focus on inflation, the RBI has brought out a new rabbit to worry out: the current account deficit. But this is for real

Budget cuts: Defence, welfare, nuclear power face the axe

One reason the cuts are needed is a rising subsidy bill. The finance ministry expects the burden for providing cheaper fuel to jump by nearly Rs 50000 crore r, above earlier estimates of Rs 43,000 crore.

Ahead of Budget, S&P sounds positive note on India

The possibility of India losing its investment grade credit rating has receded somewhat as a result of economic reforms undertaken by the government since last September, an analyst with rating agency Standard & Poor's told Reuters on Thursday.

GST gets a lifeline.. but still hangs in balance

Though now there is clarity on some of the issues, one major uncertainty remains - the rollout deadline.

Now learn all about paying taxes through TV quiz-show

The I-T department is scouting for a television channel to produce and telecast the 12-episode quiz show to sensitise the younger generation about the need to pay taxes.

UPA has made economy more vulnerable; fix that first

The FM's task in the next budget is to negotiate India's twin fiscal cliffs - the budget and external deficits. Growth, etc, will follow if we deal with these issues

Argument for taxing very rich should be considered: Chidambaram

On the Budget to be presented next month, the finance minister said the Budget is not drawn up keeping an election in mind.

Budget will prove we mean business: Chidambaram

Chidambaram hits the road selling the India growth story, but investors want to know if the government has the political will to do what it takes..

Do your worst, Mr C; India isn't about to give up on gold

The increase in gold duties and linking ETFs to gold deposit scheme may not work the way the government hopes they will

Govt hikes import duty on gold by 50% to 6 percent

The minimum quantity of gold that may be deposited and the tenure of deposit has also been reduced to six months from three years earlier.

Budget 2013: Super-rich? Rejoice, FM won't bother taxing you more

It is more than likely that the talk about taxing the super-rich is just talk: it will lower expectations of tax relief and allow the FM to raise resources quietly

Why growth impacts budgets positively, and not vice-versa

The causality runs from growth to budgets and not the other way round. And economic forecasting is a mugs' game.

Diesel hike: Chidam-broom is not really sweeping clean

The diesel half-reform by UPA is really a quarter reform that ultimately may not work.

Diesel price decontrol: Bad karma catches up with UPA govt

The lesson that the UPA government ought to take away from this is that it may run, but it cannot hide, from the malefic effects of bad economics.

Govt committed to moderate tax rates, says Chidambaram

Finance Minister P Chidambaram today said the government is committed to moderate tax rates and is working towards modernising administration to minimise transaction cost and maximise taxpayer convenience.

Budget 2013: Mr FM, when it comes to taxes, less is more

Not with higher taxes on the super-rich, but by keeping tax rates at low and reasonable levels.

Budget 2013: How about some GAAR relief for Indians too?

The deferment of GAAR sends a strong signal of relief for foreign investors. But can India's markets march on only one leg - that of FIIs?

Budget 2013: An open letter to FM from the aam aadmi

The political parties don't represent me, they represent their own interest.<br /><br />

Chidambaram proves he is peerless in pushing the market

Chidambaram is reduced to keeping market players in good spirits because virtually all avenues of raising revenue or scaling down big-ticket expenditure items are closed to him. FII inflows are his only bet to revive the economy.

FM defers GAAR ahead of Budget, Sensex soars to 2-yr high

The government will delay by two years implementation of controversial rules on tax avoidance to 2016, a decision which earned a positive market reaction and is likely to help attract more capital inflows.

Budget wrap 2013: Excise, service taxes may go up by 2%

Today's papers had a sprinkling of hints on which way the finance minister may be leaning, and the big revenue raiser may be an increase in indirect taxes, not direct.

Mr Bansal could you please just scrap your rail budget?

If the Railway Minister can hike fares and freight without a grandstanding budget speech, why waste time over it?

Earning Rs 12 lakh? Well, you are rich, and can pay more tax

Umost probably is eyeing a Robin Hood-like image, which would mean the real super rich will be taxed to serve the middle and lower classes.

Union Budget 2013: Will the reformist Chidambaram stand up?

In 2008, Chidambaram set the stage for messing up India's finances with his loan waivers and freebies after four good budgets. He cannot afford another mess-up in pre-election budget 2013.

Rupee unlikely to appreciate before Budget 2013

Fitch ratings warning on India's slowing economic growth and the possibility of a rating downgrade in the next one year sent the rupee lower today

Widen tax base, super-rich should pay more: economists to FM

During their customary pre-budget interaction with Finance Minister P Chidambaram, they also recommended the introduction of inheritance tax as well as a widening of the tax base to increase revenue and contain fiscal deficit.

Banks demand cut in lock-in period for tax-saving deposits

In a pre-budget consultation with Finance Minister P Chidambaram, bankers also sought permission to issue tax-free bonds like other financial institutions for raising funds and augmenting business.

Pre-budget talks: Aruna Roy a no-show, blasts Finmin

NAC member Aruna Roy has thrown a curve ball at Chidambaram and demanded that pre-budget consultations with social sector representatives and business should be held jointly.

Union Budget 2013: Will govt drop the tax axe on the rich?

In difficult times, governments tax their people more. So, gear up for an increase in your taxes in next year's budget, as the government is in dire straits.

Budget 2013: Does Chidu's 'dream team' have too many stars?

Ahead of Budget 2013, which will require him to walk a tightrope, P Chidambaram is assembling an all-star economic policymaking team.