News from other websites on budget2013
IRCTC site upgraded to book over four lakh tickets daily
May 22, 2013 at 20:13 | Source: FirstPost
New Delhi: Catering to the growing demand for train tickets during the summer rush, IRCTC has upgraded its website for booking more than four lakh e-tickets daily. Currently, the ticketing site is able to handle about 1.2 lakh concurrent connections ...
Expert panel to evolve composite development index for States
May 15, 2013 at 19:56 | Source: The Hindu BusinessLine
New Delhi, May 15: The Centre has set up an expert committee for evolving a composite development index for States. This committee will be headed by Raghuram Rajan, Chief Economic Advisor to the Finance Ministry. It will comprise of six members incl...
Govt sets up 6-member panel to measure backwardness of states
May 15, 2013 at 18:11 | Source: The Hindu BusinessLine
New Delhi, May 15: Amid demands for special category status by Bihar, the Centre today set up an expert committee to evolve a composite index to measure backwardness of states. “It has been decided to constitute an Expert Committee...to consid...
Will inflation-indexed bonds check rising gold demand?
May 15, 2013 at 17:36 | Source: Business Today
Finance Minister P. Chidambaram said on Thursday that the current account deficit, the broadest measure of trade, is a bigger worry than the fiscal deficit. But the budget for 2013/14 does not have enough measures to check the current account gap th...
Govt sets up panel to measure backwardness of states
May 15, 2013 at 17:31 | Source: FirstPost
New Delhi: Amid demands for special category status by Bihar, the Centre today set up an expert committee to evolve a composite index to measure backwardness of states."It has been decided to constitute an Expert Committee to consider backwardne...
Chidambaram to woo investors in UK, France and Qatar
May 15, 2013 at 16:37 | Source: FirstPost
New Delhi: In a bid to sell India story and lure overseas investments, Finance Minister P Chidambaram today embarked on a three-nation tour to UK, France and Qatar.During the 5-day tour, Chidambaram will hold a meeting with his UK counterpart George ...
Apparel industry to grow at 8% in FY16: Care
May 08, 2013 at 23:12 | Source: The Hindu BusinessLine
Mumbai, May 8: India’s apparel industry is likely to grow at about 8 per cent annually and reach Rs 2,74,600 crore over the next three years, credit rating agency Care Research said today. “The domestic apparel industry will grow at a CA...
Chidambaram hopeful of pushing insurance reforms
May 04, 2013 at 10:25 | Source: DNA India
Finance minister P Chidambaram on Friday expressed confidence that the government would be able to move ahead with the proposal to raise the Foreign Direct Investment (FDI) cap in insurance and pension sectors. FDI regime in areas like multi and sin...
SUV tax will compel modifying products to meet new norm: M&M
May 03, 2013 at 16:09 | Source: FirstPost
New Delhi: Faced with higher excise duty on its SUV models, homegrown auto major Mahindra & Mahindra today said it will be compelled to consider modifying its products to align with the new specifications for lower duty.Mahindra had previousl...
SUV tax will compel modifying products to meet new norm: M M
May 03, 2013 at 16:07 | Source: Economic Times
NEW DELHI: Faced with higher excise duty on its SUV models, homegrown auto major Mahindra & Mahindra today said it will be compelled to consider modifying its products to align with the new specifications for lower duty. Mahindra had previously expr...
Gains or losses on Commexes won t be treated as speculative
May 02, 2013 at 06:56 | Source: Economic Times
MUMBAI: Hedgers and punters who raised a hue and cry after the introduction of a transaction tax on non-farm futures have something to fall back on as the Finance Bill has included provisions that should raise trading volumes at exchanges. They will...
30% excise duty on SUVs lacks rationale, will distort playing field in auto industry: Pawan Goenka
May 01, 2013 at 14:50 | Source: Economic Times
NEW DELHI: Seeing no rationale behind the government's move to hike excise duty on Sports Utility Vehicles (SUVs) to 30%, Pawan Goenka, President Automotive Sector, M M told ET Now that the decision will distort the playing field in auto industry. "...
Finance Minister woos foreign investors by relaxing norms of tax residency certificate
May 01, 2013 at 06:56 | Source: Economic Times
NEW DELHI: Finance Minister P Chidambaram sought to woo foreign investors by clarifying that a tax residency certificate (TRC) will be sufficient to claim tax concessions on investments routed through countries such as Mauritius while cutting the ra...
Finance Bill: TRC sufficient proof of residency to claim tax benefits
Apr 30, 2013 at 18:58 | Source: FirstPost
The Finance Bill brought much-needed relief to Dalal Street and foreign investors after the finance minister P Chidambaram clarified that tax residency certificate (TRC) is enough proof for a foreign investor to claim tax benefits in India, said a CN...
Lok Sabha passes Railway Budget
Apr 30, 2013 at 16:56 | Source: DNA India
The Lok Sabha passed the Railway Budget 2013-14 on Tuesday, by negating all the cut-motions. The motion was moved by Railway Minister Pawan Kumar Bansal. Earlier, the opposition, including the BJP, JD(U), CPI(M), CPI, BJD, DMK and AIADMK staged a wa...
House panel for study of CTT’s impact on food inflation
Apr 29, 2013 at 23:22 | Source: The Hindu BusinessLine
New Delhi, April 29: The Standing Committee on Finance has urged the Finance Ministry to undertake a study on the impact of commodities transaction tax (CTT) on ‘food inflation’ over a year. However, the panel has refrained from taking a...
Parliament to clear roads regulator with punitive powers
Apr 29, 2013 at 15:53 | Source: FirstPost
New Delhi: Parliament will clear the setting up of the highways regulator in case the government decides to grant punitive powers to the body. "In order to set up a regulator with punitive powers, you have to go to Parliament," roads s...
Apr 29, 2013 at 00:51 | Source: The Hindu BusinessLine
There were growing instances of buyers and sellers failing to quote Permanent Account Number (PAN), which is mandatory for property transactions above stipulated limits. To set up a mechanism to both report and collect tax at the earliest, particula...
Election splash: Will government dole out sops to keep voters happy?
Apr 28, 2013 at 02:41 | Source: Economic Times
When finance minister P Chidambaram announced his Budget in February, one of the main responses was relief, followed by surprise. The February 2013 Budget was likely the last 'proper' Budget before the next general election, and economists and analy...
Restaurants in Mumbai to close on Monday to protest "irrational" service tax
Apr 27, 2013 at 17:47 | Source: DomainB
Come Monday, some 27,000 hotels and restaurants in and around Mumbai will remain closed in response to a bandh call by the Indian Hotel Restaurant Association (AHAR), to protest the imposition of service tax on all restaurants spotting an air-condit...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
