Finance Minister P Chidambaram on Saturday said the government wants to introduce the Direct Tax Code (DTC) bill in the Budget session of Parliament. He also said that Goods and Service Tax (GST) would become a reality within 2013, if all state governments come on board. ...
10:59 PM, Mar 09, 2013
Deputy Chairman of the Planning Commission Montek Singh Ahluwalia lauded P Chidambaram's suggested measures during the Budget speech on Thursday and said the Finance Minister cleared up many doubts in the mind of foreign investors that could invite more investments and boost economy. He also said that Chidambaram's efforts will be able to achieve fiscal deficit of 4.8 per cent by 2014. ...
09:51 PM, Mar 03, 2013
Finance Minister P Chidambaram on Friday said that the UPA will face 2014 General Elections on the plank of high growth and low inflation. Speaking to Shereen Bhan of CNBC TV18 in an exclusive interview, Chidambaram said that there isn't and never was a danger of rating downgrade for India. ...
06:49 PM, Mar 01, 2013
Is the Budget 2013-14 drafted, keeping the 2014 general elections in mind? IBN7's Managing Editor Ashutosh shared his perspective in an interaction with IBNLive readers. ...
06:17 PM, Mar 01, 2013
Is the Income Tax surcharge on the super-rich the right way? Meera Sanyal, Country Executive India, Royal Bank of Scotland Group (RBS Group), joined IBNLive readers for an interaction on the issue. ...
06:10 PM, Mar 01, 2013
Is the Union Budget 2013-14 the right thing for India? Professor of Finance at Nottingham University Business School Sanjay Banerji shared his perspective in an interaction with IBNLive readers. ...
05:49 PM, Mar 01, 2013
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 ...
11:28 AM, Mar 01, 2013
Finance Minister P Chidambaram's 'safety first' Budget has got a mixed response. While some say he is salvaging a bad situation, the Opposition has called it a missed opportunity. When asked whether the Budget is an adequate response to the challenge that the Indian economy is facing, BJP leader Arun Jaitley said, "Well I don't think it's an adequate response. The Finance Minister and the UPA had pushed the economy...
08:00 AM, Mar 01, 2013
In a special CNN-IBN show 'The Budget Debate', Karan Thapar discusses with a panel if the Union Budget presented by Finance Minister P Chidambaram assures that it can handle the critical economic situation the country is facing. Union Minister Kapil Sibal, CPI-M leader Sitaram Yechury and BJP leader Arun Jaitley were a part of the panel. ...
11:33 PM, Feb 28, 2013
Gujarat Chief Minister Narendra Modi on Thursday said that the UPA government's budget lacks a growth strategy and vision to develop India's economy. Coming down heavily on the budget, he said that there is a lack of co-ordination between the 12th Five Year Plan and the budget presented for the year 2013-14 by Union Finance Minister P Chidambaram. ...
09:01 PM, Feb 28, 2013
Against the backdrop of oil firms like BP Plc complaining of artificially low gas rates in the country impeding investments, Finance Minister P Chidambaram on Thursday said the pricing policy will be reviewed and uncertainties removed. ...
08:23 PM, Feb 28, 2013
Watching cable and satellite TV may turn expensive with the government proposing to double import duty on set top boxes (STBs) to 10 per cent but domestic manufacturers have welcomed the move. Reacting to Finance Minister P Chidambaram's announcement to hike import duty on STBs from the existing 5 per cent, DTH Operators Association of India President Harit Nagpal said "the increase seems out of place". ...
08:12 PM, Feb 28, 2013
Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan on Thursday said all the measures proposed in the Budget for 2013-14 taken together will help the country register a growth of 6.5 per cent in the next fiscal year. ...
08:03 PM, Feb 28, 2013
Lauding the Union Budget as a "pragmatic balance" between fiscal prudence and public welfare, Congress today dismissed criticism from Opposition and some allies that it was "anti-farmer and anti-poor". "The interests of farmers are first and foremost in the mind of the Government and the interests of farmers will, in no way, be compromised. The budget is certainly not anti-farmer. Huge outlays have been made for farming sector," party spokesperson...
07:42 PM, Feb 28, 2013
The Budget presented by Finance Minister P Chidambaram evoked a mixed response amongst the leading industrialists and bankers of Kerala. At least 30 odd industrialists participated in the budget viewing session organised by the Confederation of Indian Industries (CII) here. ...
07:34 PM, Feb 28, 2013
The Delhi government was on Thursday allotted Rs 1,143 crore in the Union Budget for 2013-14, an increase of Rs 44 crore compared to last year's provision of Rs 1,099 crore. Out of total allocation, the city government has been given Rs 700 crore under JNNURM (Jawaharlal Nehru National Urban Renewal Mission) for infrastructure projects and housing for the urban poor while an outlay of Rs 309.92 crore has been...
07:20 PM, Feb 28, 2013
The government on Thursday unveiled a slew of measures to attract more investors to the stock market and making it easier for foreign entities to make investments. Presenting the Union Budget 2013-14, Finance Minister P Chidambaram proposed to strengthen capital market regulator SEBI and cut the securities transaction tax, which will bring down overall costs for investors. ...
07:12 PM, Feb 28, 2013
Aviation and hospitality industry experts on Thursday expressed disappointment at the 2013-14 General Budget, saying contentious issues like high sales tax on jet fuel and taxation on travel trade had not been addressed. While welcoming the concessions granted to the MRO (Maintenance, Repair and Overhaul) sector, they, however, termed the decision as a "minor correction" for a "small sector right now". ...
07:12 PM, Feb 28, 2013
In a big boost to farm sector, Finance Minister P Chidambaram on Thursday proposed a whopping Rs 1.25 lakh crore increase in agri-credit target for next fiscal at Rs 7 lakh crore and raised allocation to the ministry by a handsome 22 per cent. ...
07:09 PM, Feb 28, 2013
Hotels and restaurant owners on Thursday asked Finance Minister P Chidambaram to roll back the service tax proposed on all air-conditioned restaurants. "The Finance Minister should reconsider it. This will have a very bad impact on the hospitality industry," Federation of Hotel & Restaurant Associations of India (FHRAI) Secretary Vijai Pande said. He said the move will mean an additional burden on customers. ...
07:04 PM, Feb 28, 2013
