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Economic Survey 2013

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Budget 2013: Chidambaram nets big fish
Budgets presented in the run-up to elections, whether in the pre or post-reforms era, have tended to showcase how much the government is doing for the common man.

Union Budget 2013: Shockwaves on the Rich-ter scale, crorepatis clubbed with 10% surcharge blow
P Chidambaram decided to take a leaf out of the Warren Buffett rule book by whacking the wealthy with a rich tax, though he said it was only for the period of a year.

Union Budget 2013: Chidambaram has it covered for insurers
Insurance CEOs are excited about the proposals announced by the finance minister that make it easier to distribute policies.

Finance ministry cuts market borrowing by Rs 12,000 crore

ET Bureau | | The finance ministry has cut its market borrowing by Rs 12,000 crore sending out a strong signal that the fiscal deficit would be contained at 5.3% of GDP, as promised by finance minister P Chidambaram.

Economy to grow at 5.5% in current fiscal,7% in 2013-14: Montek

PTI | | Indian economy would grow at a rate of between 5 and 5.5% in current fiscal and could expand by 7% in 2013-14, said Plan panel deputy chairman Montek Singh Ahluwalia.

Despite government talk, growth estimates brew a storm

Rajeev Deshpande | | Despite the govt’s view that its chief statistician has not detected an uptick in the economy, slipping growth in agriculture, services and social services can mean the situation could even worsen, spelling politically stormy weather for the Manmohan Singh govt.

Economic growth could slip to 5.5% this fiscal: RBI survey

PTI | | India's economic growth could fall to 5.5 per cent this fiscal before seeing gradual recovery next year, a RBI-sponsored survey said today.

Indian economy likely to grow by 6.7 % in 2013-14: Ficci

PTI | | Indian economy is expected to grow at a rate of 6.7 per cent in the 2013-14 on account of expectations of cut in the key policy rates by the RBI which may have a positive impact on industrial growth and consumption, a Ficci survey today said.

Economic Survey: ‘Cautious’ Basu sees growth over 2-yr period

TNN | | Failure to roll out reforms and the sovereign debt crisis in Europe hurt economic expansion in the current fiscal but it is expected to rebound in the next two years, the finance ministry’s chief economic advisor Kaushik Basu said on Thursday.

Are rich Indians taxed too lightly?
Pyaralal Raghavan: This year the focus is not on cut in direct and indirect taxes, but on a hike in income taxes on the super rich.

Tax illiteracy is no solution for budget deficits
SA Aiyar: Chidambaram's tax officials are so desperate to collect revenue (to reduce the fiscal deficit) that they are issuing tax demands that defy logic. This can only discourage investment.