10 years ago
Finance Minister P Chidambaram will present one of the most highly anticipated budgets of recent years today, a blueprint for austerity that forms the centrepiece of India's efforts to stave off a damaging credit ratings downgrade.
The Finance Minister explains his proposal of a PSU bank for women: There is a bias against lending to women. The bank will lend mostly to women, anyone can make deposits but it will employ mostly women. This bank will be a reality by October.
Chidambaram: Growth rate to be 5.5 per cent by end of year
Chidambaram: I want everyone in this country to aspire for higher incomes and higher quality of life. Our tax rates are competitive and comparable with other countries.
Watch: Chidambaram explains his budgetAfter Finance Minister P Chidambaram presented his budget in Parliament earlier today, he spoke to the media.
Finance Minister P Chidambaram explains his budget in a press conference, says he thinks, "2013-14 will be better than 2012-13."
Nitish Kumar, Bihar Chief Minister and leader of Janata Dal (United), which is an ally of the BJP-led NDA, has thanked Finance Minister P Chidambaram. "Our fight for special status is now is in decisive stage. We congratulate people of Bihar. Several people used to make fun but today their eyes should open. So we are thankful to the Finance Minister for his new approach to backward states," Mr Kumar said after the budget was presented today.
Union Budget 2013: Who said whatAfter Finance Minister P Chidambaram presented the Union Budget 2013 in Parliament today, we bring you the industry and political reactions.
It was a realistic Budget: Rajan Mittal Video: NDTV.comThe Budget can be considered realistic keeping in mind the current financial situation, says Rajan Bharti Mittal, Vice-Chairman and Managing Director of Bharti Enterprises. He added that the best part of the Budget was the government acknowledging that there is a need to bring the economy back on growth track.
Big bank Budget proposal: For, by and of women Union Budget 2013: As part of his union budget, Finance Minister P Chidambaram said today that India will set up a special Public Sector Unit bank solely for women, and to support businesses run by women.
Budget 2013: Income tax slabs unchanged, rich to pay more
There are only 42,800 people in India who admit to having a taxable income of over Rs. 100 crore a year, Finance Minister P Chidambaram noted today as he imposed a surcharge of 10 per cent on the income of the super-rich.
There are only 42,800 people in India who admit to having a taxable income of over Rs. 100 crore a year, Finance Minister P Chidambaram noted today as he imposed a surcharge of 10 per cent on the income of the super-rich.
Mobile phones, dinning out, cigarettes, SUVs, motorbikes, set-up boxes get expensive
Excise duty on cigarettes raised by 18 %
SUVs more expensive: Excise duties on SUVs, increased from 27% to 30 %
Mobile Phones to get more expensive: On mobile phones priced at more than Rs 2000, excise duty hiked to 6%
Budget 2013: What Chidambaram said to make Sonia, Sushma smileAs part of his union budget, Finance Minister P Chidambaram said today that India will set up a special Public Sector Unit bank solely for women, and to support businesses run by women.
Rs 1000-crore Nirbhaya Fund announced for the empowerment of women
The current slabs were introduced last year. Hence, there is no case of revising either, says P Chidambaram. Some tax credit of Rs 2000 for every person who has an annual income of upto Rs 5 lakh. For more, click link below
Budget 2013: Income tax slabs unchanged; 10% surcharge for taxable income over Rs 1 crore
However, Mr Chidambaram announced a 10 per cent surcharge on individuals whose taxable income is more than Rs. 1 crore.
However, Mr Chidambaram announced a 10 per cent surcharge on individuals whose taxable income is more than Rs. 1 crore.
Chidambaram calls for tough choices but lifts spending
India must make tough spending choices, Finance Minister P Chidambaram said on Thursday, even as he unveiled a bigger-than-expected outlay for the coming fiscal year in one of the most highly anticipated budgets of recent years.
India must make tough spending choices, Finance Minister P Chidambaram said on Thursday, even as he unveiled a bigger-than-expected outlay for the coming fiscal year in one of the most highly anticipated budgets of recent years.
Defence allocation increased to Rs 2.03 lakh crore
Read highlights of Union Budget 2013
As the Finance Minister presents the Union Budget 2013 in Parliament, we give you the key points.
As the Finance Minister presents the Union Budget 2013 in Parliament, we give you the key points.
Simpler SEBI rules:Securities and Exchange Board of India to simplify procedures for foreign portfolio investors
Finance Minister proposes to set up India's first women's bank as a Public Sector Unit
All realty stocks shoot up after Finance Minister announces incentive for home loan
Re-financing capacity of SIDBI increased to Rs 10,000 crore from Rs 5,000 crore for Ministry of Small and Medium Enterprises
Eastern Indian states to get Rs 1,000 crore allocation for improving agricultural production.
Rs 7 lakh crore target fixed for agriculture credit for 2013-14 compared to Rs 5.75 lakh crore in the current year.
Chidambaram: Expenditure for 2014 up 16% at Rs16.65 trillion
Getting back to potential of 8 per cent growth the challenge: Chidambaram
Finance Minister P. Chidambaram, red-brown Budget briefcase in hand, has reached Parliament, where he will present one of the most highly anticipated budgets of recent years at 11 am.
Finance Minister P. Chidambaram, red-brown Budget briefcase in hand, has reached Parliament, where he will present one of the most highly anticipated budgets of recent years at 11 am.
- Rs 37,330 crore allocated for Ministry of Health & Family Welfare
- Rs 110 crore to be allocated to the department of disability affairs, says FM.
- Rs 3511 crore allocated to Minority Affairs Ministry which is 60 per cent of the revised estimates.
- Additional sum of Rs 200 crore to Women and Child Welfare
- Ministry to address issues of vulnerable women
Uproar in Parliament. Opposition leaders interrupt Mr Chidambram's speech, but only for a few seconds. He continues.
Watch: Finance Minister P Chidambaram presents Union Budget 2013Finance Minister P Chidambaram is presenting one of the most highly anticipated budgets of recent years today.
Chidambaram: Faced with huge fiscal deficit, I have no choice but to rationalise expenditure
Chidambaram: Development must be sustainable - economically and ecologically
Chidambaram: Cannot spurn foreign investments, that is an imperative
Chidambaram: Great worry is the current account deficit. That is mainly because of coal imports, passion for gold and slowdown of exports.
Chidambaram: By 2013 only China will grow faster than India
Chidambaram: Only china and Indonesia growing faster than India
Chidambaram: India's growth potential is 8%, getting to it is our challenge
Finance Minister P Chidambaram begins presenting Union Budget 2013
Jay Panda, Biju Janata Dal MP: Challenge for Mr Chidambaram is to resist political pressures and do the right thing
Anand Mahindra tweets: A Big-Bang Budget may be required medicine today, but what we need is small doses of reform administered consistently throughout the year
Karti Chidambaram, Finance Minister's son: We are proud my father will get an opportunity to present budget for a historic 8th time.
This will be P Chidambaram's eighth Budget. Will it be a game-changer?
Will Chidambaram's budget change the game?
Finance Minister P. Chidambaram, red-brown Budget briefcase in hand, has reached Parliament, where he will present one of the most highly anticipated budgets of recent years at 11 am.
Finance Minister P. Chidambaram, red-brown Budget briefcase in hand, has reached Parliament, where he will present one of the most highly anticipated budgets of recent years at 11 am.
Cabinet meeting underway to approve Chidambaram's Budget
