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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: Urban health mission gets a quiet burial

TNN | | National Urban Health Mission, 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: A step forward for one-stop tax

TNN | | Goods & Services Tax (GST) — the country’s most ambitious tax reform — inched closer to being implemented with finance minister P Chidambaram allocating Rs 9,000 crore as the first tranche of compensation for states for the loss in central sales tax reduction.

Union Budget 2013: Loose change for ecofriendly, green technologies

TNN | | Finance minister P Chidambaram batted for sustainable development repeatedly in his budget speech marking the arrival of the phrase in mainstream political and economic lexicon.

Union Budget 2013: Cuts bite India’s overseas outreach

TNN | | A sluggish economy will see India keeping its date with its aid promises to key countries, but only just. Finance minister P Chidambaram’s budget will mean that India will have to curb some very important development assistance programmes in several countries.

Union Budget 2013: Meagre raise for food security bill

TNN | | It looks like the UPA is not banking too much upon the National Food Security Bill to shore up its political fortunes in the next general elections.

Union Budget 2013: Chidambaram keeps tight rein on finances

TNN | | The government is betting on reining subsidies and efficient expenditure management to meet its fiscal goals. As expected, finance minister P Chidambaram said the fiscal deficit would at 5.2% of gross domestic product for 2012-13, a shade lower than the estimated 5.3%.