Feb 28, 2013 11:57 AM IST
The Budget has allocated Rs 500 crore to SIDBI to act guarantee to factoring funds. The finance minister will increase refinancing of SIDBI to help MSMEs and will allot Rs 2,400 crore for textile technology upgradation.
- Feb 28, 2013 11:56 AM IST
The Union Budget 2013-14 proposed to provide a sum of Rs 14,000 crore capital support to all public sector banks. This will help maintain their minimum tier â€“ I capital of 8% under Basel III. In turn, lenders can expand their loans maintaining the growth in the balance sheet. During FY13, GOI had budgeted for Rs12,000 crore.
- Feb 28, 2013 11:53 AM IST
Finance Minister P Chidambaram said the natural gas pricing policy will be reviewed. He also said that five LNG terminals in Dabhol will be operational in 2013-14.
- Feb 28, 2013 11:51 AM IST
The Finance Minister - P Chidambaram proposed to allow an additional tax deduction of Rs 1,00,000 on interest rate for home loans upto Rs 25 lakh. The Union Budget 2013 aimed to give more boost in low cost housing segment.
- Feb 28, 2013 11:48 AM IST
P Chidambaram allocated amount of Rs 14,873 crore to Jawaharlal Nehru National Urban Renewal Mission (JNNURM), which will be positive for Ashok Leyland and Tata Motors.
- Feb 28, 2013 11:47 AM IST
The Finance Minister P Chidambaram has announced 3000 kms of road projects in 2013-14 in various states in Gujarat, Maharashtra, Rajasthan and Andhra Pradesh. He also said committees will be set up to fast- track stalled and even new projects.
- Feb 28, 2013 11:47 AM IST
The finance minister has announced that infrastructure debt funds (IDFs) are encouraged to promote investment in infrastructure. An amount of Rs 55 lakh crore has been earmarked for infrastrucutre in the 12th Plan.
- Feb 28, 2013 11:44 AM IST
In a bid to boost retail investors' participation in the capital markets, the Finance Minister - P Chidambaram expanded the reach of Rajiv Gandhi Equity Savings Scheme, a programme that allows tax breaks to first-time stock market investors.
- Feb 28, 2013 11:43 AM IST
IRB Infrastructure Developers gained nearly 4 percent to Rs 122.30 on Bombay Stock Exchange as the government decided to make regulatory authority for road projects.
- Feb 28, 2013 11:33 AM IST
In Union Budget 2013 Finance Minister - P Chidambaram proposed to extend the reach of subsidised agriculture credit. Farmers who repay bank loans right in time normaly pay a subsidised rate of interest just at 4%.
- Feb 28, 2013 10:35 AM IST
Check out: 15 goods which may get costlier or cheaper in Budget 2013
- Feb 28, 2013 10:10 AM IST
What the common man wants from Chidambaram today
- Feb 19, 2013 06:51 PM IST
Here`s how much tax you have paid since 2006
- Feb 06, 2013 01:23 PM IST
FMs who have held the nation`s purse strings
- Dec 18, 2012 04:15 PM IST
The government needs to gradually bring down misdirected subsidies and limit the benefits to needy persons, said chief economic advisor Raghuram Rajan.
- Mar 20, 2012 06:22 PM IST
The most laudable aspect about Budget 2012-13 is the launch of the National Urban Health Mission. For years, the healthcare focus has been on the rural poor, ignoring the fact that in the past few decades many of them have been migrating to cities in search of livelihoods.
- Mar 20, 2012 04:54 PM IST
Swastika Investmart has come out with its report on Union Budget 2012-13. As per the research firm India’s GDP growth in 2012-13 expected to be 7.60%.
- Mar 19, 2012 01:51 PM IST
Dun & Bradstreet India (D&B) has come out with its detailed analysis on Union Budget 2012-2013. According to the research firm, the fiscal year FY13 is expected to witness a slow pace of recovery in growth, thus entailing lower revenue generation and exacting higher expenditure from the government.
- Mar 19, 2012 12:48 PM IST
Developing the airspace over metropolitian railway stations can raise Rs 50,000 crore - but the government is sitting on the idea for 20 years.
- Mar 19, 2012 11:34 AM IST
Finance Minister Pranab Mukherjee said Dinesh Trivedi's resignation was under the Prime Minister's consideration.
- Mar 19, 2012 11:20 AM IST
The FM's fiscal deficit is a piece of fiction, even if he raises oil prices. The UPA is in a lose-lose situation no matter what the FM does this year.
- Mar 19, 2012 08:11 AM IST
The UPA government is likely to announce Railway Minister Dinesh Trivedi's resignation in Parliament on Monday.
- Mar 19, 2012 07:28 AM IST
Meanwhile, Finance Minister Pranab Mukherjee is likely to reply to the debate on the Railway Budget in Parliament.
- Mar 18, 2012 09:15 PM IST
While Trivedi was the businessman within the Trinamool fold, party leader Mamata Banerjee thrived on competitive populism.
- Mar 18, 2012 07:40 PM IST
Trivedi spoke to Trinamool Congress Chief Mamata Banerjee and said that he is willing to abide by the party's wishes and resign.