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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: 'Income growth for farmers remains an untouched area'

TNN | | The general budget has failed to excite Uttar Pradesh, except in parts. With the fine print of what the state gets unavailable as of now, industry experts are anticipating significant gains in at least a few sectors.

Union Budget 2013: Just what the doctor ordered

KV Kamath | | Overall, the Budget has been well-crafted. It focuses on current priorities and investments for the future. It also sends a message within the government that we need to communicate better, including identification of areas that require better communication.

Metal tally: Women bring in twice as much gold

TNN | | The maximum permissible limit for bringing gold home from your next trip abroad has been enhanced with the finance minister P Chidambaram raising it to Rs 50,000 for men and Rs 1 lakh for women passengers.

Union Budget 2013: FM’s CAR crashes into PSU banks

TNN | | Public sector banks could see their growth being constrained because of a lower-than-expected allocation for their re-capitalization in the Union Budget.

Union Budget 2013: Invest over 10% & it goes direct

TNN | | The Budget proposal aimed at simplifying the definition of FII and foreign direct investment (FDI) by bringing it on a par with international standards has the potential to allow some foreign investors into sectors in which FIIs are permitted to invest but FDI is not allowed.

Union Budget 2013: G-secs fail to bond with borrowing

TNN | | The prices of benchmark 10-year government securities fell after the finance minister said that the government will target to raise Rs 6.29 lakh crore through market borrowings during fiscal 2014, compared to Rs 5.58 lakh crore during the current year.

Can Pranab balance his books?
The government is spending as fast as it was doing earlier, but it’s finding it tougher to bring in funds, writes Abheek Barman.