There must be more than 42,800 people earning more than Rs 1 crore in South Delhi alone.
Chidambaram's subsidy bills show a steep drop in 2013-14 - something which is difficult to believe
There is nothing wrong with P Chidambaram's budget. The only problem is the markets expected more from him.
Gujarat Chief Minister Narendra Modi on Thursday criticised the UPA's budget saying it showed the lack of connect between the government and the common man.
The Delhi Metro was on Thursday allocated Rs.3,120 crore in the union budget which will be spent on construction of Phase-III to lay another 103 km of tracks.
In a bid to appease the protest-hit Kudankulam town, where two 1,000 MW nuclear reactors are at an advanced stage of commissioning, the union budget allocated Rs 150 crore for carrying out various development works.
Activists and experts on Thursday said the social measures proposed in the union budget were an eyewash and slammed the government for not taking care of the unorganised sector workers, the elderly and children.
Just as the Railway Minister criticised his predecessor minister in his budget speech, Chidambaram has indirectly criticised Pranab Mukherjee by saying “in the budget for 2012-13, the estimate of plan expenditure was too ambitious and the estimate of non-plan expenditure was too conservative”.
Union Finance Minister P Chidambaram's budget on Thursday sought to breathe life into the wind power sector with reintroduction of generation based incentive while disappointing the industry by being silent on the accelerated depreciation scheme.
Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan today said all the measures proposed in the Budget for 2013-14 taken together will help the country register a growth of 6.5 per cent in the next fiscal year.
The defence ministry is in a major modernisation process with several acquisitions in the pipeline.
Natgrid, a pet project of Finance Minister P Chidambaram during his tenure as Home Minister, witnessed a quantum jump in the 2013-14 budget getting a six-fold increase with the allocation pegged at Rs 66.5 crore.
Funds for personnel training, technology upgradation, new traffic signals and housing were the highlights of the Rs. 4,555.21 crore allocation for Delhi Police in the 2013-14 union budget, up 16 percent from the last fiscal.
The budget's skew towards revenue expenditure continues unabated
Describing the Union Budget as a 'damp squib' Tamil Nadu Chief Minister Jayalaithaa today said it was full of rhetoric and lacked any tangible steps to tackle the crisis confronting the country's economy.
Only 2.5 percent of all Indians pay taxes, and a big chunk of these include the salaried class who don't have the choice to opt out, unlike their super-rich peers.
Aam Aadmi Party (AAP) has said that the union budget 2013-2014 is a clever attempt by the government to mislead public in an election year.
The Indian Reserve Battalions, raised specifically to undertake active operational role in Naxal-hit areas, got a Rs 6 crore hike at Rs 52 crore in this budget.
Finance Minister P Chidambaram today announced a scheme to encourage cities and municipalities to take up waste-to-energy projects in PPP mode. But is India ready for such ambitious plans yet?
If anybody thought that Centre’s extra allocation will make a major difference, here is the reality - the real impetus for universal healthcare should actually come from the states which account for 85% of the country’s government-spend.
In the midst of a major modernisation drive, the Defence Ministry got a 14 percent hike in its budget as Finance Minister P Chidambaram gave it Rs 2,03,672 crore for 2013-14 with a promise to provide any additional fund required for national security.
Government's are trying to fix what isn't broken - and in the process are doing more damage with their policies of social spending
The budget is meant to be safe rather than sorry. The markets are disappointed because they expected more from Chidambaram
If the budget carries a subdued populist streak, it has to do with the spate of assembly elections coming up this year. Also, there are chances that the minority government surviving on outside support could collapse anytime later this year.
The finance minister also focused on the need of investing more in science and technology.
What Chidambaram's budget will bring forth. Follow all the live updates on Chidambaram's speech here with our Editor-in-Chief R Jagannathan.
The crorepati's life had indeed been hit hard - income, cars, yachts - and it might all be Premji's fault...
Read the full text of Finance Minister P Chidambaram's budget speech made in Parliament today.
Finance Minister P Chidambaram has finally finished delivering his Budget speech for 2013-14, and the initial reactions have been so varied, it's like there have been more than one speech!
An all-woman bank and a Rs 1,000 crore Nirbhaya fund to boost security for women in public spaces - Chidambaram goes all out to woo the Indian woman.