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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: Urban, rural health missions fused, to get shot in the arm

TNN | | National Urban Health Mission (NUHM), UPA’s ambitious plan focusing on primary healthcare for the urban poor, has been merged with the National Rural Health Mission (NRHM) and no specific allocation has been made in the Budget for the urban health initiative.

Union Budget 2013: Surcharge sprays DDT, companies left fuming

TNN | | India Inc was in for a rude shock with an increase in surcharge from 5% to 10% which impacted not just corporate tax rate but also dividend distribution tax.

Union Budget 2013: Indian coaches on fast track soon

TNN | | After the National Institute of Sports (NIS), Patiala is set to give another boost to the country’s sports with P Chidambaram announcing the setting up of a Rs 250-crore hi-tech institute for training coaches.

Union Budget 2013: Lip service for hungry mouths

| This Budget has liberal doses of rhetoric without substance to offer the social sector. It maintains that “higher growth” is the “mool mantra” to achieve “inclusive development”.

Hope for power, but no spark

TNN | | There's some breathing space and hope for the power sector. But, nothing to make imported gas cheaper for generation.

Union Budget 2013: Software royalty raised to a king's ransom

TNN | | Import of software and technology services will become more expensive. And litigation around these areas is likely to increase.

Union Budget 2013: PC goes to town on smart cities

TNN | | Work on the first two smart industrial cities along the Delhi-Mumbai Industrial Corridor (DMIC) — Dholera in Gujarat and Shendra Bidkin in Maharashtra — will start soon. Finance minister P Chidambaram said plans for seven new cities have been finalized while work on two more industrial corridors — Bangalore-Chennai and Bangalore-Mumbai — have started.

Union Budget 2013: At your service: Tax defaulters get last chance

TNN | | P Chidambaram announced a one-time tax amnesty scheme for defaulters of service tax who have not been filing their returns.

Union Budget 2013: Many happy returns to you, dear investor

TNN | | The finance minister has proposed to put more money in the pockets of retail investors through a combination of measures which include tax exemptions on equities, inflation-indexed bonds and by making exits from exchange traded funds more profitable.

Union budget 2013: FM bites the hand that feeds us

TNN | | You have to pay more for a coffee at Barista and a Big Mac at McDonald's with the finance minister proposing to bring air conditioned restaurants that do not serve liquor under the service tax net.

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