All attention will be, on passenger fares as Bansal had recently told reporters that the increase in diesel price following the fare hike has negated the additional revenue which Railways expected to mop up by Rs 3,300 crore.
Azim Premji has signed Buffett's Giving Pledge, but there may be no rush from other Indian billionaires to join him
For capital to be made accessible to venture capital, it has to come from insurance companies, provident funds, pension funds or charitable institutions.
J Hari Narayan, who will retire this week as Irda chief, said the regulator is looking at the issue on SKS Microfinance.
South Korea's LG Electronics Inc , Singapore property group Ascendas, French IT services firm Capgemini and chocolate maker Cadbury, are among numerous global companies involved in transfer pricing disputes in India
This view is widely shared in corporate corridors due to the disconnect between the finance ministry's promise of a non-adversarial tax regime and the execution and implementation by the bureaucracy.
Software and allied services' industry body Nasscom today said Finance Minister P Chidambaram should rationalise taxes in Budget.
Now that the Government has reduced poor man's subsidies such as that on diesel pricing and on LPG cylinders, will it consider the industry's plea to tax the 'rich' man's cars less? Seems unlikely.
The budget was hailed as non-populist in an election year. But maybe the populism is coming after the budget.
Sumitra Mahajan (BJP) said there was nothing much in the budget and suggested that the assurance of setting up of a omen's bank was more of a gimmick.
"ticket bookings are open for 120 days and these agents buy the tickets in bulk and sell them for 119 days and return the unsold ones on the last day. These charges will have to be increased gradually to tackle this menace
The Economic Survey 2012-13 is full of errors
The Finance Minister has redeemed the task of delivering a growth oriented Budget without saddling the aam-aadmi with huge tax burden. This Budget should instill confidence back on India Inc.
Chidambaram may be the best reformer we have in the UPA, but surely some greater humility and honesty would be in order even from him?
Even though the government's spending binge continues, revenues are enough to meet only 67 percent of its expenses. This implies that the government has to borrow more to finance spending, resulting in a debt trap
The subsidy bill is beginning to look very suspicious. The fertiliser minister has already said this year's subsidies are out of alignment with requirements
Comparing apples to apples, Chidambaram's budget is no better than Pranab Mukherjee's but he got kudos unlike Pranab-da. Luck is on the former's side
The government today said it has pegged its gross borrowing for 2013-14 at Rs 5.79 lakh crore.
We look at who has to work hardest to earn enough money for a cigarette.
The budget does not do any credit to the reformist credentials of Chidambaram, the one person in UPA with free-market beliefs.
If the intended beneficiary is the farmer, why shouldn't a single department be set up and all programmes bundled into one?<br /><br />
The point is very basic. We don't earn all the money that we want to spend. There is also very little acknowledgement of the mistakes that have made by the government over the past few years.
The growth downtrend has not been reversed in Q3. Will Q4 be any better?
Given the constraints of the economy, the Budget did not want to surprise markets by spooking investors or burdening a certain class of society, said Chidambaram
Chidambaram had a chance to burnish his credentials as a reformist-minded Finance Minister. He has instead opted uncharacteristically to tiptoe around the edges, and rely on questionable arithmetic to claim that he is advancing fiscal consolidation.
Foreign investors are disappointed by the lack of dynamism in Budget 2013, and are worried that the assumptions underlying key macroeconomic projections may not be realised.
The budget will not do much to turn around either savings or investment, but it does balance the priorities fairly
Displaying sharp political acumen, the finance minister wooed Bihar Chief Minister Nitish Kumar eloquently.<br /><br /> <br /><br />
Government expects a lower revenue of Rs 19,440.67 crore from spectrum sale and other related charges in 2012-13, against Rs 58,217 crore estimated in the budget for 2012-13.