Union Budget

New Delhi | March 21, 2013 14:31 (IST)

Faced with paucity of time, Rajya Sabha today approved Union Budget 2013-14 without debate, a development witnessed perhaps for the first time which triggered protests from Opposition members.

New Delhi | March 15, 2013 17:21 (IST)

Railway Minister Pawan Kumar Bansal made it clear on Friday that there will be no further hike in the near future in reservation or cancellation charges, though cross subsidy from freight to passenger segment has touched Rs 25,000 crore.

New Delhi | March 13, 2013 16:04 (IST)

Justifying a recent hike in charges on various counts, Railway Minister Pawan Kumar Bansal on Wednesday hinted at further increase in surcharge on bookings and cancellations for balanced development of the country's largest transporter which has "limited resources".

New Delhi | March 08, 2013 18:16 (IST)

The Finance Minister on Friday said he hopes the Reserve Bank will take into account the fiscal consolidation path shown in the Budget while taking a call on interest rate in its coming policy review on March 19.

New Delhi | March 08, 2013 17:45 (IST)

India's fiscal deficit for the fiscal year ending in March will not be altered by any extra borrowing, Finance Minister P Chidambaram said on Friday.

New Delhi | March 07, 2013 18:03 (IST)

Finance Minister P Chidambaram is scheduled to address the central board of Reserve Bank of India (RBI) in a customary post-Budget meeting tomorrow.

New Delhi | March 07, 2013 17:25 (IST)

Market regulator Sebis board will meet on Friday to take forward a number of proposals announced by Finance Minister P Chidambaram in his Budget speech to attract more domestic and foreign investors to the capital markets.

Pune | March 05, 2013 17:52 (IST)

The government may have to freeze the diesel subsidy at the current level to protect the Budget numbers at some point in time, said Raghuram Rajan, chief economic advisor to the Finance Minister, while flagging concerns over the widening current account deficit.

New Delhi | March 04, 2013 17:26 (IST)

Virtually ruling out rollback of 3 per cent hike in excise duty on SUVs, Finance Minister P Chidambaram on Monday assured India Inc that a clutch of decisions, mainly on indirect taxes, would be announced during the course of debate on budget and Finance Bill in Parliament.

March 04, 2013 15:20 (IST)

Finance Minister P. Chidambaram today met industry associations over the Union Budget that was tabled in Parliament last Thursday. Finance Secretary R. S. Gujral and FICCI president Naina Lal Kidwai were among those present.

New Delhi | March 02, 2013 11:58 (IST)

Two days after presenting Union Budget 2013, that has been described at best as balanced and pragmatic and at worst as disappointing and lacking substance, Finance Minister P Chidambaram spoke to NDTV's Vikram Chandra and Shweta Rajpal Kohli about the prospects for the Indian economy in the coming financial year (2013-14) and beyond.

New Delhi | March 01, 2013 22:39 (IST)

Finance Minister P Chidambaram today said that Rs 40,000 crore spectrum revenue estimate in the Budget 2012-13 was mentioned without any analysis.

New Delhi | March 01, 2013 22:30 (IST)

Ratings agency Crisil today said that the government is not likely to meet the revenue growth target for the next fiscal year as its estimates from spectrum and divestment sale inflows are too ambitious.

New Delhi | March 01, 2013 22:11 (IST)

"I think it will be little irresponsible for the Planning Commission to start pestering on a plan in a period when the fiscal deficit has to be brought under control," Planning Commission deputy chairman Montek Singh Ahluwalia told reporters in a post-Budget interaction.

New Delhi | March 01, 2013 20:28 (IST)

Finance Minister P Chidambaram today sought to allay investors' apprehensions on Tax Residency Certificate issue saying India will not unilaterally revise the double taxation avoidance treaty with Mauritius.

New Delhi | March 01, 2013 20:07 (IST)

"I am hoping that the people of India will heed my appeal and will not demand so much gold," Mr Chidambaram said.

March 01, 2013 19:46 (IST)

Women-related schemes have been allocated Rs 97,134 crore, which is highly commendable. But how this money will be spent is not clear from the speech. It's a wait and watch game.

March 01, 2013 18:01 (IST)

The Finance Minister has tried to maintain sound fiscal management on one hand, while creating growth drivers for the agricultural sector at the same time. Here are some of the welcome steps being proposed to give agriculture sector a boost.

March 01, 2013 17:40 (IST)

While some of the proposals in the Union Budget 2013 would have a positive effect on the banking sector, the budget on the whole appears to have evoked mixed reactions from the banking industry, if the bank index of the stock exchange is anything to go by.

March 01, 2013 17:22 (IST)

As compared to Budget 2012-13, which ushered various changes in the area of indirect taxes like the introduction of the Negative list regime in service tax, Budget 2013-14 has not seen any major reforms in the tax structure. The basic rates of customs, excise and service tax have not been tinkered with nor has there been any significant addition to the tax base.