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Union Budget 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.

Union Budget 2013: Budget chef adds mirchi masala to FM

TNN | | The finance minister announced the government's intention to set up 839 FM radio channels in 294 cities.

Union Budget 2013: Surcharge singes sensex

TNN | | Dalal Street gave a thumbs-down to the Budget proposals with the sensex diving 291 points to close below the psychologically important 19,000 level as FII nervousness and a new surcharge on India Inc spooked investors.

Union Budget 2013: Oil hunt to get less messy

TNN | | The oil hunt will have less scope for monetary disputes with government moving to a new system of awarding oil/gas blocks by the degree of revenue shared by an explorer instead of the present production-sharing regime. Also in the offing is a review of gas pricing and shale gas policy.

Union Budget 2013: Simply Unaffordable Vehicles?

TNN | | Prepare to shell out anywhere between Rs 15,000 and Rs 60 lakh more for SUVs and imported luxury vehicles, including superbikes above 800cc, as the finance minister slapped heavier duty on them to tax the rich and affluent.

Union Budget 2013: Fuel & final: Subsidy cuts are not just gas

TNN | | However bumpy the road, fuel and fertilizer pricing reforms are here to stay.

Union Budget 2013: AIIMS welcomes Rs 1650 crore allocation

TNN | | Finance minister P Chidambaram's proposed allocation of Rs 1,650 crore for six AIIMS-like institutions will help complete construction work and purchase of equipment at the AIIMS clones, AIIMS Bhubaneswar director Dr Ashok Kumar Mahapatra said.

Union Budget 2013: Design or delusion? Go figure

TNN | | During his speech, finance minister P Chidambaram said, “In the Budget for 2012-13, the estimate of Plan expenditure was too ambitious and the estimate of non-Plan expenditure was too conservative”.

Union Budget 2013: PC slams brakes on Mercedes capital Punjab

TNN | | Opulence-crazy Punjab, where farmers swap fields for roaring SUVs and 30-something CEOs inherit family business with a fleet of sedans, will lead the plunge in sale of luxury carmakers after the customs duty on imported cars was hiked from 75% to 100% in the Union Budget on Thursday.

Union Budget 2013: Hike in mobile prices disappoints youths

TNN | | The finance minister failed to make city youth happy as the prices of mobile phones and luxurious imported cars have increased.

Union Budget 2013: Government assets grow by 4%

TNN | | Ever wondered how much property GoI owns — land, buildings, roads, bridges, machinery all put together? It topped Rs 2 lakh crore in 2011-12, with land accounting for 60%.
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