Budget 2013 News - Page 8

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.

Budget 2013: Dear FM, Indians aren't undertaxed; govt is a wastrel

Facing a huge budget deficit, the FM may resort to higher taxes. But our problem is we already pay a lot, but the money garnered is wasted

Talwars move HC for stay on release of movie on Aarushi case

Nupur and Rajesh Talwar, who have been sentenced to life imprisonment for killing their teenage daughter Aarushi and house help Hemraj in 2008, have approached the Bombay High Court seeking stay on the release of a movie purportedly based on the murder case.

Rail budget passed, Bansal announces 19 new train services

Railway minister Pawan Kumar Bansal announced on Wednesday introduction of 19 new train services, extension of three and increase in frequency of five trains acceding to demands of MPs.

Rail Budget 2013: Martyrs' parents get card passes

The gesture is a form of gratitude towards the sacrifice made by the martyrs from the Indian Railways.

Budget 2013 verdict: Taxes, growth, markets

Firstpost columnists Vivek Kaul and Arjun Parthasarathy, and editors R Jagannathan, Saurav Majumdar, and Venky Vembu discussed the budget in a Google Hangout yesterday. Following is a summary of the debate.

Chidu uses Modi as decoy to take Nitish for a ride

Chidambaram's references to Modi's development model is a red herring, just as his offer to reclassify Nitish Kumar's Bihar as special category state is a trap.

Women’s Bank: How symbolism kills real possibilities and real India

People who grew up in rural areas without banks, or in places where petty bankers were too highhanded to entertain the illiterate villagers, know where to go for the safe-keep of their precious money: that little window at their neighbourhood post office.