Live Budget News

Budget Reactions: FM is controlling fiscal deficit as promised: Uday Kotak   

01 Mar 2013, 10.48 am  |  Source: CNBC-TV18

Uday Kotak, executive VC & MD, Kotak Mahindra Bank, talking to CNBC TV18, feels the FM has rolled out a very responsible Budget, with the intention of...

Budget Analysis: Zero excise duty to cheer shipping cos, says Essar  

01 Mar 2013, 10.16 am  |  Source: Moneycontrol.com

The Budget announcement on shipbuilding being exempted from excise duty, with resultant removal of CVD on import of ships, is a positive for the I...

Budget Analysis: FM has done his best within constraints, says Pawan Goenka   

01 Mar 2013, 10.16 am  |  Source: CNBC-TV18

Pawan Goenka, president Automotive & Farm Equipment Sector, M&M Ltd, talking to CNBC TV18, says that he is happy that there are not too many populist ...

Budget 2013: Pragmatic, balanced; fair to tax super rich: Deepak Parekh   

01 Mar 2013, 10.07 am  |  Source: CNBC-TV18

Deepak Parekh, chairman, HDFC, shared his view on the Budget. ...

Budget 2013: FM offers minor sops to income tax payers in Budget  

01 Mar 2013, 10.04 am  |  Source: PTI

Walking the tight rope ahead of next year's elections, finance minister P Chidambaram today offered minor sops to income tax payers but slapped a 10 p...

India Budget 2013: Chidambaram proposes 10% surcharge on super-rich  

01 Mar 2013, 10.04 am  |  Source: PTI

The much-debated additional tax for super-rich found favour with the government as Finance Minister P Chidambaram today proposed a 10 per cent surchar...

Budget Reactions: Budget a hit with low DDT, income repatriation : RSM Astute  

01 Mar 2013, 9.53 am  |  Source: Moneycontrol.com

Section 115BBD of Income Tax Act (‘the Act’) provides for taxation of gross dividends received by an Indian company from a specified foreign compa...

Reactions by India Ratings on Budget 2013  

01 Mar 2013, 9.50 am  |  Source: Moneycontrol.com

The Union Budget 2013-14 will benefit government banks through equity infusion and gradual easing in stress on infrastructure loans....

Budget Analysis: MFs get a boost as preferred investment choice  

01 Mar 2013, 9.42 am  |  Source: Moneycontrol.com

Mutual fund investors will get a lot more additional benefits when they consider putting money into these instruments in the coming financial year....

Budget 2013: Need to open up our financial market, says Malvinder Singh   

01 Mar 2013, 9.42 am  |  Source: CNBC-TV18

Malvinder Mohan Singh, Chairman, Fortis Healthcare, spoke about his sectors' expectations....

Budget Reactions: Move to remove excise duty of 2% welcome: ABG Shipyard  

28 Feb 2013, 9.40 pm  |  Source: Moneycontrol.com

We welcome the move to remove the excise duty of 2% on ships and vessels. Consequently, there will be no CVD on imported ships and vessels. ...

Budget Reactions: Budget encouraging for textile sector: Suryalakshmi Cotton  

28 Feb 2013, 9.37 pm  |  Source: Moneycontrol.com

Continuation of TUFS is a great encouragement to the textile industry. This will invite further investments in this sector. ...

Budget Reactions: Inclusive growth remained foundation of Budget: ICRA  

28 Feb 2013, 9.24 pm  |  Source: Moneycontrol.com

The Union Budget for 2013-14 has made a commendable attempt to restrict the fiscal deficit to 4.8% of GDP in 2013-14. ...

Budget 2013: Small stainless steel cos to pay Rs 10k extra excise duty   

28 Feb 2013, 9.19 pm  |  Source: PTI

Small and marginal producers of stainless steel, belonging mostly to unorganised sector, will have to pay an additional Rs 10,000 excise duty for each...

Budget Reactions: Generation based incentive positive for wind sector: Ushdev  

28 Feb 2013, 9.09 pm  |  Source: Moneycontrol.com

Finance Minister’s announcement to reintroduce ‘generation-based incentive’ for wind energy projects is a welcome move for the industry. ...

Budget Reactions: Aeries Group feels that mfg sector has been over-looked  

28 Feb 2013, 9.00 pm  |  Source: Moneycontrol.com

I would like to welcome the move of our FM with regard to use of innovative and new financial instruments to increase investment in infrastructure....

Budget Reactions: Good for agricultural sector: Krishidhan Group  

28 Feb 2013, 8.59 pm  |  Source: Moneycontrol.com

In Union Budget 2013 – 2014, the Finance Minister has announced allocation of Rs. 500/- crores to start a program in crop diversification and promot...

Budget Reactions: Allowing Banks to acts as broker good move, Birla Sun Life  

28 Feb 2013, 8.58 pm  |  Source: Moneycontrol.com

Steps to allow banks to act as brokers for selling insurance products of multiple companies will give customers more choice and will allow life insura...

Budget 2013 Live: Introducing Direct Tax Code Bill is good, says JSW Steel  

28 Feb 2013, 8.55 pm  |  Source: Moneycontrol.com

The budget, with the limited availability of fiscal space, attempted to bring fiscal consolidation with lower fiscal deficit of 4.8% and simultaneousl...

Budget Reactions: Addressing overseas trust deficit issue good move: Gart  

28 Feb 2013, 8.54 pm  |  Source: Moneycontrol.com

The big overarching focus on growth by the FM is the fundamental ‘feel good’ factor in this budget. Given the fact that one can argue that a lot o...

Reaction: Experts decode Chidambaram`s Budget 2013-14  

28 Feb 2013, 8.53 pm  |  Source: Moneycontrol.com

Reaction: Experts decode Chidambaram`s Budget 2013-14...

Budget Reactions: Skill development schemes welcome move says NMIMS  

28 Feb 2013, 8.52 pm  |  Source: Moneycontrol.com

The Finance Minister while presenting the budget mentioned that his priority was growth which was not possible unless and until there was an inclusive...

Budget Reactions: Budget has few schemes for microfinance sector says MFIN  

28 Feb 2013, 8.49 pm  |  Source: Moneycontrol.com

The 2013-14 budget contains few initiatives for promotion of universal financial inclusion....

Budget 2013: Union Budget: Social Justice Ministry gets Rs 6,725.32 cr  

28 Feb 2013, 8.47 pm  |  Source: PTI

The Social Justice and Empowerment Ministry was allocated Rs 6,725.32 crore in the Union Budget for 2013-14, marking an increase of 11.93 per cent ove...

Budget 2013: Union Budget reassures Rs 7800cr Sagar port in Bengal  

28 Feb 2013, 8.43 pm  |  Source: PTI

The announcement of Union Finance Minister P Chidambaram for a new port at Sagar in West Bengal, comes as good news after meagre allocation for the on...

Budget Reactions: Budget far from expectation of aam admi: BDO Consulting  

28 Feb 2013, 8.41 pm  |  Source: Moneycontrol.com

As the budget process was on, the expectation started building up on correcting the slabs, but FM did not match up the expectations of Aam Admi...

Budget Reactions: Budget with eye on science, infra development: Videocon  

28 Feb 2013, 8.41 pm  |  Source: Moneycontrol.com

The Hon’ble Finance Minister has a given balanced Budget and kept the basic tax structure unchanged except increase of surcharge in some cases....

Budget Analysis: Private banks get a level-playing field: Chanda Kochhar   

28 Feb 2013, 8.40 pm  |  Source: CNBC-TV18

Chanda Kochhar, MD & CEO, ICICI Bank says interest subvention has been extended to private sector banks is a good news....

Budget Reactions: FY14 Budget a mixed bag for automobile sector: SIAM   

28 Feb 2013, 8.40 pm  |  Source: CNBC-TV18

Budget 2013-14 has turned out to be a mixed bag for the automobile industry, according to RS Sandilya, President Society of Indian Automobile Manufact...

Sensex nosedives 290 as Budget 2013 flops; banks hammered  

28 Feb 2013, 8.40 pm  |  Source: Moneycontrol.com

Equity indices crashed to fresh three-month lows Thursday, after the final Budget of UPA-II fell way short of market expectations. Brokers said the s...