Budget 2013 14 India

• India will achieve revenue target in 2013-14: Chidambaram

  Asia's third-largest economy expects to mop up Rs. 13, 300 crore through direct taxes and Rs. 4,700 crore through indirect taxes in 2013/14, the federal budget document shows.

• Shorter-end bonds a rare bright spot in tough Indian markets

  A lacklustre 2013/14 Union Budget and the Reserve Bank of India turning gun-shy on interest rates have erased most of the strong debt gains this year, denting hopes that 2013 would be stellar for government bonds.

• Budget 2013: Farm credit enhanced by Rs 1.25 lakh crore for FY'14

  Finance Minister P Chidambaram on Thursday announced a sharp increase of Rs 1.25 lakh crore in agriculture credit target to Rs 7 lakh crore for next fiscal year and allocated additional Rs 10,000 crore in subsidy for implementing the Food Security Bill.

• Budget 2013: Bank shares fall on Budget disappointment

  Shares in public sector banks fell on concerns about liquidity in the banking system after the government set its target for gross market borrowing at Rs 6.29 trillion in 2013/14, above estimates of less than Rs 6 trillion.

• Budget 2013: Rs 14,000 crore to be infused in public banks next fiscal year

  The government today said it will infuse Rs 14,000 crore in public sector banks next fiscal year to ensure that they meet the global capital adequacy norms.

• Rail Budget 2013: Railways' 2013/14 market borrowing seen at Rs 151.03 billion

  India's railway will borrow 151.03 billion rupees from markets for the financial year 2013/2014, Railway Minister Pawan Kumar Bansal said on Tuesday as he presented his ministry's budget to parliament.