Chidambaram expects growth rate to move up to 7 pc in two years

Chidambaram expects growth rate to move up to 7 pc in two years Seeking to dispel fears over the state of economy, Finance Minister P Chidambaram on Thursday said the country will return to high growth of 7 per cent in two years and promised adequate public spending to stimulate it. Replying to a debate on the Budget 2013-14 in the Lok Sabha, he said the government was committed to ensuring reduction of fiscal deficit from 5.2 per cent to 3 per cent...
11:15 PM, Mar 14, 2013

UPA will fight elections on plank of high growth: PC

UPA will fight elections on plank of high growth: PC 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
Budget and you, with Subhash Lakhotia

Budget and you, with Subhash Lakhotia

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. ...
09:10 PM, Feb 28, 2013

Budget lacks strategy and vision for India's development: Modi

Budget lacks strategy and vision for India's development: Modi 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
Budget before Ballot: Has the Finance Minister been able to lift sentiments with his budget?

Budget before Ballot: Has the Finance Minister been able to lift sentiments with his budget?

CNN-IBN Deputy Editor Sagarika Ghose discusses the question and much more with a panel of experts on the show Budget before Ballot. ...
08:48 PM, Feb 28, 2013

Gas pricing policy to be reviewed, uncertainties removed: FM

Gas pricing policy to be reviewed, uncertainties removed: FM 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

Imported set top boxes to cost more, DTH operators unhappy

Imported set top boxes to cost more, DTH operators unhappy 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

Budget measures will help in 6.5 pc economic growth: Rangarajan

Budget measures will help in 6.5 pc economic growth: Rangarajan 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

A balanced budget in tough conditions: Congress

A balanced budget in tough conditions: Congress 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

Budget evokes mixed response amongst Kerala industrialists

Budget evokes mixed response amongst Kerala industrialists 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

Bicycle prices set to go up by 4-5 pc, say manufacturers

Bicycle prices set to go up by 4-5 pc, say manufacturers Disappointed at not getting incentives like relief on excise duty front in Budget, bicycle manufacturers here today said they have no option but to raise prices by 4-5 per cent within next fortnight due to spiralling input cost. Bicycle manufacturers had delayed the price hike as they were expecting rollback of two per cent excise duty on bicycle in Union Budget, which was presented by Union Finance Minister P Chidambaram....
07:29 PM, Feb 28, 2013

Delhi gets Rs 1,143 crore in budgetary allocation

Delhi gets Rs 1,143 crore in budgetary allocation 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

Budget looks to attract more investors to stock market

Budget looks to attract more investors to stock market 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

Hotels and restaurant owners want service tax rolled back

Hotels and restaurant owners want service tax rolled back 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

Budget 2013: 6-fold increase for intelligence database NATGRID

Budget 2013: 6-fold increase for intelligence database NATGRID NATGRID - a pet project of Finance Minister P Chidambaram during his tenure as Home Minister - witnessed a quantum jump in the 2013-14 budget getting a six-fold increase with the allocation pegged at Rs 66.5 crore. ...
06:43 PM, Feb 28, 2013