Union Budget

  • Interim Budget: Government plans to boost PSU banks, may provide Rs 11,200 crore 17-02-2014 03:03 PM

    New Delhi: Finance Minister P Chidambaram on Monday proposed to infuse Rs 11,200 crore in public sector banks to enhance their capital in the next financial year. "In 2014-15, I propose to provide Rs 11,200 crore for capital infusion in public sector banks. They have opened 5,207 branches so far,...
  • Budget 2014: Full text of P Chidambaram's speech on vote on account 17-02-2014 01:32 PM

    Finance Minister P Chidambaram on Monday refuted the allegations of policy paralysis saying the UPA-II has brought schemes and has contained the fiscal deficit. In the UPA-II's last budget before the 2014 Lok Sabha elections, Chidambaram said the UPA-I and UPA-II have delivered above the trend. Even as he announced...
  • Government to loan Rs 4.57 lakh crore to bridge fiscal deficit in 2014-15 17-02-2014 01:24 PM

    New Delhi: The government on Monday pegged its net borrowing for 2014-15 at Rs 4.57 lakh crore, Rs 11,580 crore less than the revised estimates of the current fiscal. "The net market borrowing of the Central Government in 2014-15 is estimated to be Rs 4,57,321 crore," as per the interim...
  • Budget 2014: FM cuts excise duty, woos youngsters, taxes unchanged 17-02-2014 01:05 PM

    New Delhi: In an election year, Finance Minister P Chidambaram presented an Interim Budget shorn of rhetoric and stuck to highlighting the Congress-led UPA Government's achievements of the last 10 years. Faced with a massive economic slowdown and staring at prospects of a Congress rout in the Lok Sabha elections,...
  • Budget 2014: Watch P Chidambaram's full speech on vote on account 17-02-2014 12:37 PM

    Finance Minister P Chidambaram on Monday refuted the allegations of policy paralysis saying the UPA-II has brought schemes and has contained the fiscal deficit. Chidambaram also announced excise cuts, leading to cars, mobile phones and two-wheelers getting cheaper even as not sops were announced. ...
  • No policy paralysis, Indian economy better placed today: Chidambaram 17-02-2014 12:36 PM

    New Delhi: Rejecting arguments of "policy paralysis", Finance Minister P Chidambaram on Monday said the economy is more stable than what it was two years ago following several steps taken by the government and that the growth will be higher in the second half of the fiscal. "Thanks to the...
  • Exchange rate has stabilised: Finance Minister 17-02-2014 12:19 PM

    New Delhi: The government on Monday said the Indian currency has fared better than those of other emerging economies and the exchange rate has stabilised. Risks to capital flows were accentuated due to volatile global conditions and the US Federal Reserve's announcement last May of tapering its fiscal stimulus had...
  • Will Telangana protests disrupt Chidambaram's Budget speech? 17-02-2014 10:38 AM

    Telangana protests have been rocking the Parliament ever since the second phase of Winter Session began. It needs to be seen if the Finance Minister's Budget speech would be disrupted over Telangana on Monday. ...
  • Budget 2014: As it happened 17-02-2014 10:19 AM

    New Delhi: 12:07 pm: Towards the end of his speech, Chidambaram says, "140 million moved out of poverty during UPA-I and UPA-II regime and we are legitimately proud of it." 12:05 pm: Excise duty on mobile handset will be 6 pc on CENVAT credit to encourage domestic production. 12:02 pm:...
  • 2014 Budget is Chidambaram's ninth, one short of Morarji Desai's record 17-02-2014 10:05 AM

    New Delhi: This is one annual exercise where Finance Minister P. Chidambaram will be just one behind former prime minister Morarji Desai. One is referring to the national budget, which is called for under Article 112 of the constitution, as an annual financial statement of the government to be laid...
  • Sensex up over 50 points after Chdambaram presents interim budget 17-02-2014 09:18 AM

    Mumbai: The Sensex is up 56.21 points at 20423.03, and the Nifty up 13.90 points, at 6062.25. About 1000 shares have advanced, 909 shares declined, and 127 shares are unchanged. Chidambaram highlighted the Congress party-led United Progressive Alliance government's achievements and outlined the vision for the future. The main budget...
  • Restaurants bandh: More than 20,000 eateries shut across Mumbai 29-04-2013 05:32 PM

    Hotels and restaurants across the country are on a one-day token strike to protest against what they call excessive taxation announced in the Union Budget. ...
  • The Week That Wasn't: Cyrus takes on Union Budget 2013-14 03-03-2013 05:17 PM

    Cyrus also talks to women panel chief to get her reaction on the 'gender budget' presented by Chidambaram. ...
  • An election Budget

    Fresh air |  Vivek Sengupta
    Make no mistake: Regardless of what pundits tell you, this is an election Budget prepared skillfully not just with a view to the upcoming Lok...

  • Budget and Bollywood: 'Taxing' times ahead for stars 01-03-2013 09:11 AM

    It's that time of the year when the government hikes the taxes and we tax the stars. We're calling the shots on the cuts and increases in B-town's accounts and taking charge of its purse-strings. ...
  • How do India's top politicians respond to Chidambaram's budget? 28-02-2013 11:33 PM

    Karan Thapar discusses Union Budget 2013-14 with a panel. ...
  • Budget and you, with Subhash Lakhotia 28-02-2013 09:10 PM

    With over 35 years of experience in the field of personal taxation, Subhash Lakhotia answers your queries on the Budget and what it has in store for you. ...
  • Budget before Ballot: Has the Finance Minister been able to lift sentiments with his budget? 28-02-2013 08:48 PM

    CNN-IBN Deputy Editor Sagarika Ghose discusses the question and much more with a panel of experts on the show Budget before Ballot. ...