Indian Budget 2013

People aspiring to buy expensive smartphones like iPhones, Galaxy SIII or even mid-level Nokia Asha will have to shell out more now as the Budget for 2013-14 raised excise duty to 6 per cent on handsets priced above Rs 2,000.

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

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 ongoing railway projects in the state in the 2013-14 Railway Budget.

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

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 over the previous fiscal.

Budget 2013: Budget measures will help 6.5% economic growth: Rangarajan

Prime Minister's Economic Advisory Council Chairman C Rangarajan today said all the measures proposed in the Budget for 2013-14 taken together will help the country register a growth of 6.5 percent in the next fiscal year.

Budget 2013: Uncertainty will be resolved, spectrum will be auctioned:FM

Finance Minister P Chidambaram today expressed confidence that the present uncertainty in the telecom sector will be resolved and spectrum will be auctioned.

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

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

Budget 2013: Proposed Women's Bank doesn't need special permission: RBI

Reserve Bank Deputy Governor Anand Sinha today said the proposed all-Women bank may not take much time to come up as this would fall under the ambit of the already existing public sector bank guidelines

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

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.

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

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 and every machine per month from now.

Budget 2013: Gold, jewellery trade's reax on Union Budget

Commenting on the Union Budget, Gold and jewellery trade federation today said that the union Finance Minister P Chidambaram had recognized the continued representations by the sector and welcomed the Transaction tax and increase in baggage allowance to Rs one lakh.

Budget 2013: Budget could have delivered more for healthcare, pharma

Healthcare and pharmaceutical industries today welcomed steps announced in the Budget to increase allotment on health and medical education.

Budget Analysis: Emphasis on infra spend is limited, says Essar Ports

The budget has a high focus on social sector, while nothing new has been done specifically to spur infrastructure spending

Budget 2013: Govt expects lower revenue from spectrum, other fee

Government expects a lower revenue of Rs 19,440.67 crore from spectrum sale and other related charges in 2012-13, against Rs 58,217 crore estimated in the budget for 2012-13.

Budget 2013 India: Govt to follow global practices to define FDI, FII

Seeking to end ambiguity, the government today proposed to follow the international practice with regard to defining foreign direct investment and foreign institutional investors.

Union Budget 2013: Why Chidu's Lo-Cal budget is a flop-show

If Palaniappan Chidambaram‘s eighth budgethas not set the markets on fire, it can be easily explained: his first goal was to avoid doing damage to investor confidence, which is what his predecessor managed to do. And unlike his own 2008 budget, which set the stage for the economy‘s long-term slide

Budget 2013: Govt to borrow Rs 4.84 lakh cr to bridge fiscal deficit

Indicating worsening public finances, the government today pegged its net borrowing for 2013-14 at Rs 4.84 lakh crore, about Rs 17,000 crore higher than the revised estimates of the current fiscal.

Budget 2013: Plan expenditure estimate for FY14 up 6.58% at Rs 555322cr

The government today raised the Plan expenditure for 2013-14 by 6.58 per cent to Rs 5,55,322 crore from the Budget estimates of Rs 5,21,025 crore for the current fiscal.

Budget 2013: CBI gets modest increase of 14% in Budget this year

CBI has received Rs 461.66 crore in budgetary allocation for the next fiscal which is a marginal increase of approximately 14 per cent over 2012-13.

Union Budget 2013 - 14: Govt to release Rs 9,000cr to states in CST compensation

The government today said it will release Rs 9,000 crore as the first instalment of compensation for losses incurred by states due to reduction in the Central Sales Tax rate, a precondition for the rollout of GST - the indirect taxes regime.

Budget 2013: Tax sops for leather, precious stones exports

Finance Minister P Chidambaram today proposed tax incentives to increase shipments of labour-intensive sectors such as leather, much to the cheer of exporters.

Budget 2013: RBI deputy says will manage FY14 government borrowing

The RBI will be able to manage the government's borrowing programme for the next fiscal year, Urjit Patel, a deputy governor at the Reserve Bank of India, said on Thursday, after the government unveiled a higher-than-expected gross borrowing number.

Investors to face some small changes after Budget 2013-14

Investors will witness some incremental changes as far as their investment plans are concerned in the coming financial year following the announcement of the Union Budget 2013-14.

Budget 2013: Respite for foreign investors; norms simplified

Looking to attract more foreign investment into the stock market, Finance Minister P Chidambaram today said procedures for overseas investors would be simplified besides having uniform KYC norms for them.

Live Budget 2013-14: Setting up road regulator is a welcome move: KPMG

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.

Budget Analysis: Pvt cos in liquidation as directors liability increased

Budget 2013 Analysis: Private companies in liquidation as directors liability increased.