Budget 2013

Deduction is available under section 80EE of Rs 1 lakh or the interest amount payable, whichever is less. If the interest payable is less than Rs. 1 lakh during FY 13-14, then the balance shall be allowed as deduction in the next financial year.

SUV tax will compel modifying products to meet norm: M&M

Faced with higher excise duty on its SUV models, homegrown auto major Mahindra and Mahindra today said it will be compelled to consider modifying its products to align with the new specifications for lower duty.

SME Mentor throws small businesses a lifeline

Launches 'Do More With Less' initiative in Tier II and Tier III cities to help small entrepreneurs meet new challenges posed by Budget 2013

Asia will continue to underperform developed peers: Citi

After falling for almost a week, the global markets started reacting positively on Monday due to the Cyprus bailout issue. John Woods, MD & chief investment strategist, APAC, Citi Private Bank expects the US market to continue rallying higher in near-term.

Hike in excise duty could hurt UV sales, says M&M's Goenka

The 3 percent hike in excise duty hike on sports utility vehicles proposed in the Union Budget could hurt UV sales and lead to a possible shift in demand to other passenger vehicle segments, Pawan Goenka, president, automotive and farm equipment sector, Mahindra & Mahindra, said on Friday.

Expect FY14 to be better than FY13: IOB CMD

M Narendra, CMD of Indian Overseas Bank spoke to CNBC-TV18, on slidelines of CFO awards, regarding his outlook for the financial year 2013-14.

Staying optimistic key to surviving tough times: L&T CFO

CNBC-TV18 honours India Inc‘s top chief financial officers (CFOs) in a gala even in Mumbai. The CFO of Larsen & Tubro, Shankar Raman won the best CFO of the year award. In a special interview to CNBC-TV18, Shankar Raman says, staying optimistic was the only key to survive in this difficult business environment.

Is the Union Budget unnecessarily hyped

People tend to spend more time and efforts in analyzing Union Budget. While there are some points that would impact common man but other than that Budget mostly should be a non event. According to financial advisor Amit Trivedi, it is important to spend more time on one‘s household budget than the Union Budget.

Budget 2013: How will it impact indirect tax disputes?

While Budget 2013 may not have met the expectations of the industry on various fronts, however, a couple of steps have been made by the government in this budget to bring down increasing indirect tax disputes and litigations across the country.

Relax! India will outperform by year-end: Credit Suisse

"Personally, my own strategy is to buy the dips. So with recent correction, we actually are highlighting India now as one of the four cheapest markets in the region," Sakthi Siva of Credit Suisse told CNBC-TV18 in an interview.

CAD is likely to be 4.3% for 2012-13: Barclays

India's current account deficit is likely to be 4.3 percent of the GDP, with "risks biased towards a wider deficit", Barclays said today.

India needs good rating from international agencies: Shome

India needs good rating from global credit rating agencies to help bolster foreign capital flows into the country, Union Finance Ministry advisor Parthasarathi Shome said today.

Singapore investors concerned on India's GAAR uncertainty

Investors in Singapore are concerned over the pending implementation of India's General Anti-Avoidance Rule (GAAR) and its impact on investments there, according to legal and tax executives.

Budget 2013: Make taxes simple, clear & certain: Experts

Rajeev Dimri, leader-indirect tax, BMR Advisors, Gokul Chaudhri, leader-direct tax, BMR Advisors, Rajya Vardhan Kanoria, CMD, Kanoria Chemicals and Industries and Vinod Verma, president, European Business Group concur that the FM must make the tax regime simple, clear and certain to boost the economy and lure FIIs.

India more vulnerable to global woes Vs other EMs: Axis Cap

Liquidity has been the key driver of Indian market and will remain so going ahead, says Nandan Chakraborty of Axis Capital. However, he cautions that India is more vulnerable to global volatility compared to other emerging markets (EMs).

Why Budget 2013 could not fulfill realty wishlist?

The Union Budget doesn't have any significant policy initiatives or tax incentives for the real estate sector. The Budget does propose a 1 percent Tax Deducted at Source (TDS) on property transactions. The realty index is down 9.4 percent for the week.

Don't bottomfish, get on to compounding: Nirmal Bang

Mehraboon Irani of Nirmal Bang Securities believes any sharp declines seen in the market should be used as opportunity to buy. He advices investors to stay invested in defensives. He expects decent returns from them going ahead.

Farm debt waiver: RBI seeks info on action taken by banks

In view of serious observations made by official auditor CAG, the Reserve Bank today asked banks to submit information about the irregularities in the Rs 52,000 crore farm debt waiver scheme along with the details of amount recovered and FIRs filed.

Reliance Group to apply for banking license before July 1

In what can be a game changer for Anil Ambani's Reliance Group, sources say the group has begun ground work for applying for a banking license and is looking to set up its banking foray under the brand name.

Investors need not worry, fundamentals of co intact: NHPC

ABL Srivastava, director – finance at NHPC told CNBC-TV18 that the company has spoken to BSE, NSE and Sebi regarding the suddent correction and expects a detail report on the same.

Budget 2013: India to see double-digit returns in 2013, says UBS

Union Budget 2013 has largely met its key objective of fiscal consolidation, but it was an over hyped event so it punctured some expectations of foreign investors, says Gautam Chhaochharia, head of mid-cap research, UBS India.

Budget Analysis: MF units relieved on STT; shocked over debt funds DTT hike

The mutual fund sector has mixed feelings about Budget 2013. While some of them are happy with the liberalisation to the Rajiv Gandhi Equity Savings Scheme (RGESS), others are shocked with the move of hiking Dividend Distribution Tax (DDT) for debt funds. CNBC-TV18‘s Mitra Joshi and Farah Bookwala report.

Budget 2013: Finance Minister to lash whip at service tax defaulters

Budget 2013 offers amnesty to people who have defaulted on indirect tax payments over the last five years.

Budget's 3000km-road project target doable in 6 months: NCC

The target set by the Finance Minister of constructing 3000 kms of roads in the first six month of the current financial year is doable, believes YD Murthy, Executive Vice President-Finance of Nagarjuna Constructions.

Aashish Tater picks EID Parry, Gujarat Gas as multibaggers

In an interview to CNBC-TV18, Aashish Tater, head of Research, Fortunewizard.com picks EID Parry and Gujarat Gas as his multibaggers. Tater expects sugar stocks to outperform and is therefore bullish on EID Parry. Gujarat Gas will give multifold returns from a medium-term to long-term perspective.