By: Amarpal Chadha, E&Y
The sop will benefit only a handful of incubators in India; private incubators eye budget proposal on angel funds
The roads ministry has initiated the process to establish a roads regulator. This proposal was first announced in Union Budget 2013.
In the Union Budget 2012 Finance Minister P Chidambaram announced an additional excise duty on special utility vehicles (SUVs). Heavy Industries minister Praful Patel has now rushed to the rescue of SUV-makers and has asked the FM to do away with the additional duty. CNBC-TV18‘s Anshu Sharma reports.
Finance Minister P Chidambaram has set up a committee of bankers and other experts to prepare a blueprint for all-women bank that is likely to become operational by November.
Personal finance expert Hemant Rustagi of Wiseinvest Advisors discussed about ways of earning regular income post retirement.
A budget by definition is a list of all planned incomes and expenses of an entity. The Union Budget refers to the budget of government of India.
The assumptions made by Finance Minister P Chidambaram in his Union Budget 2013 speech look optimistic and realistic, Atsi Sheth of Moody's Investors Service tells CNBC-TV18. "It is not just revenue growth, but assumptions about subsidy cost are optimistic as well."
While presenting the tax proposals in the Budget 2013-14, the Finance Minister set the context by stating that the underlying theme of his proposals is to bring clarity in tax laws, stability in tax regime, provide a non-adversarial tax administration and a fair dispute resolution mechanism.
Fitch Ratings has come out with its report on post Union Budget 2013.
The Finance Minister has broadly delivered on his commitment of a budget that adheres to a path of fiscal consolidation while simultaneously attempting to support medium term growth pillars as were emphasised in the Economic Survey, with focus on agriculture, social development, infrastructure and investments.
The FM‘s appeal comes at a time when India is battling with twin deficits- fiscal deficit and current account deficit (CAD) that are slowing the pace of the economy.
The governments decision to hike the excise duty on phones priced above Rs 2,000 is going to fetch it a lot of money in the coming financial year.
In the Union Budget 2013 Finance Minister - P Chidambaram presented a budget that appears "working" and has nothing exceptional to offer to fuel growth. While there are many things that could have been done, focus on infrastructure certainly is a positive step that could result in growth for allied sectors.
In an interview to CNBC-TV18 personal finance expert, Hemant Rustagi of Wiseinvest Advisors shared insights on what the Budget have for average investor on the street.
Ashok Wadhwa of Ambit Capital believes use of the term, 'beneficial ownership' is worrying investors and its context is now key to interpreting what the Finance Ministry intends to do. He also added that Chidambaram's intent seems to continue honouring the Mauritius route.
The appointment of new road regulator is a welcome move, Isaac George, Dir-Fin & CEO-Transportation, GVK Power told CNBC-TV18 cheering Budget 2013.
The Finance Minister has projected fiscal deficit in line with what he had promised and it is far better than what the situation was when he had come in. To that extent, he has presented a responsible budget.
The Union Budget, which was announced earlier today, has received a mixed response from the industry leaders and consumers. But one group of consumers who will...
The Finance Minister, Chidambaram announced the fiscal Budget 2013- 2014 and also announced that he shall endeavor to introduce the amended DTC, post considering recommendations of the standing committee, before the end of the Budget Session.
The budget has a high focus on social sector, while nothing new has been done specifically to spur infrastructure spending
Given that this was UPA‘s last Budget before general elections, it could have been worse, but Chidambaram has done better than our expectations, Rakesh Bharti Mittal, vice-chairman and MD of Bharti Enterprises said in an interview to CNBC-TV18.
Budget 2013 has introduced tax measures to further the UPA Government‘s objective of boosting the housing sector and encouraging investment in capital markets.
FM is wooing the foreign investor by simplifying the norms planned for foreign portfolio investors. In his own words-Doing business with India should be easy and friendly.
The budget has been mostly neutral for salaried people, with the rate of income tax being unchanged.