The decision by the government to establish a panel to monitor the costs of doing business in India is a welcome move. Logistics companies will hope that this would lead to bold initiatives to reduce transaction costs of trading across India‘s international as well as state domestic borders
India Inc broadly welcomed the absence of any harsh moves in the Budget presented by finance minister P Chidambaram today and termed it as "balanced" and "purposeful" but maintained a lot more could have been done.
Malvinder Mohan Singh, Chairman, Fortis Healthcare, spoke about his sectors' expectations.
With the announcement of the Union Budget 2013-14 by Finance Minister today, Shrinivas Rao, CEO-Asia Pacific, Vestian Global said "In comparison to the previous Budget, the Union Budget 2013-14 continued its support for the housing sector.
In Union Budget 2013-14, Finance Minister - P Chidambaram advocated the cause of women empowerment. He proposed to set up India's first ever state-owned bank by the women and for the women.
Notwithstanding the hike of nearly 16.5 per cent in the Budget allocation for Ministry of External Affairs for 2013-14, India's overseas developmental projects are expected to take a hit with the budgetary assistance falling short of actual demand.
The budget, with the limited availability of fiscal space, attempted to bring fiscal consolidation with lower fiscal deficit of 4.8% and simultaneously made higher allocations to various schemes to spur investments.
The government today announced Rs 5,000 crore additional equity infusion for debt-ridden national carrier Air India in the next fiscal as part of its turn around plan.
Smokers get ready to pay more. Excise duty on cigarette has been increased by 18 percent in the Union Budget for 2013-14.
Finance Minister P Chidambaram tried to downplay the final Budget of UPA's current term in his media interaction, saying that Budget was simply one event in a series of actions.
The budget has a high focus on social sector, while nothing new has been done specifically to spur infrastructure spending
Finance minister says no choice but to rationalise spending. The total budget estimate for FY14 at Rs 16.65 lakh crore.
Finance Minister â€“ P Chidambaram on Thursday presented his eighth Union Budget . While his main focus was on ballooning fiscal deficit, he tried to ensure adequate support to banks, one of the key drivers for Indian economy.
Palaniappan Chidambaram unveiled a very safe and sensible Budget 2013-14. There were no flashy announcements and the focus was on cutting the excess flab.
The Budget announcement on shipbuilding being exempted from excise duty, with resultant removal of CVD on import of ships, is a positive for the Indian shipping industry, says A.R Ramakrishnan, Managing Director, Essar Shipping
Expenditure Budget: This volume serves as an explanatory memorandum to the Budget of the Central Government in so far as the expenditure provisions are concerned.
Receipt Budget: The document provides an Abstract of Receipts at the very beginning followed by details of Tax Revenue, Non Tax Revenue and Capital Receipts.
The provisions of the Finance Bill, 2013 relating to direct taxes seek to amend the Income-tax Act, Wealth-tax Act and Finance (No.2) Act, 2004.
The Finance Bill, 2013: A bill to give effect to the financial proposals of the Central Government for the financial year 2013-2014.
The Twitterati gloss over Chidambaram`s Budget
Layman`s Budget for 2013: What is cheaper, what is costlier
Va Tech Wabag rallied more than 4 percent intraday on Thursday as the Finance Minister P Chidambaram allocated Rs 15,260 crore towards clean drinking water and sanitation.
Bank shares, especially those belonging to the public sector, were hammered as the Budget proposals for farm loans is being viewed as a negative.
Infrastructure companies reeling under huge debts have a reason to cheer after the Finance Minister assured them availability of low cost funds in the Union Budget 2013-14.
Reaction: Experts decode Chidambaram`s Budget 2013-14