Union Budget 2013

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  Budget 2021: Tax Holiday for Startups Extended by 1 Year Till March 31, 2022

  Finance Minister Nirmala Sitharaman presenting the Budget 2021 announced that tax holidays for startups will be extended by 1 year till March 31, 2022. The capital gains exemption given to startups will also be extended by another year.

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  Opinion: Budget Will Be Tougher Than Government's Usual Fiscal Trapeze

  India's federal budget Monday will be a much tougher balancing act than New Delhi's regular annual fiscal trapeze. For one thing, the pandemic has upset business-as-usual calculations of how much to spend, on what, and how to finance it. For another, an impatience to make up for lost time has to be weighed against a shrinking of policy space in eme...

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  Gold Tax Hike Fuels Smuggling Fears; May Hit Festival, Wedding Season

  India, the world's biggest consumer of gold after China, increased the import tax on the precious metal for the first time since 2013, spurring domestic prices to a record. Shares of jewelers slumped.

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  No Change In Lokpal Budget Allocation, Marginal Increase In Outlay For CVC

  The Lokpal and Lokayuktas Act, 2013, provides for the establishment of Lokpal for the Union and Lokayuktas for the states to inquire into allegations of corruption against public functionaries.

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  Budget 2016: Lalu Prasad Calls PM Modi A 'Dull Student'

  Criticising the four-month compliance window announced for domestic black money holders in the Union budget, Rashtriya Janata Dal (RJD) supremo Lalu Prasad today called Prime Minister Narendra Modi "a dull student" who has been rusticated for "cheating and lying".

• Government Targets 4% Agricultural Growth This Year After Bumper 2013 Crop

  Farm output in India, world No. 2 producer and consumer of an array of agricultural goods, grew at 4.7 per cent in the fiscal year to March 2014 after monsoon rains boosted the harvest, up from nearly 3 per cent a year over the past decade.

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  India Needs to Build on Rupee Stabilisation: Economic Survey

  Attributing the rupee fall in 2013 to frictional forces and speculations in the forex market, the Economic Survey has said the currency has stabilised, reflecting an overall sense of confidence, and that the government should build on this optimism to improve investment flows.

• Steel Output Grew by 7.9% in Past 5 Years

  India ranked as the fourth largest crude steel producer in the world during 2013 after China, Japan and USA. During the last fiscal, the country had produced 81.54 million tonnes of crude steel clocking a four per cent increase over 2012-13.

• Budget 2014: Government May Defer GAAR by a Year to Improve Business Sentiment

  The government is likely to defer implementation of General Anti-Avoidance Rules (GAAR) by one more year to April 2017 and exempt transactions made up to March 2013 in a bid to improve business sentiment.

• 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.

• Rajya Sabha nod to Union Budget sans debate

  Faced with paucity of time, Rajya Sabha today approved Union Budget 2013-14 without debate, a development witnessed perhaps for the first time which triggered protests from Opposition members.

• No further hike in train reservation, cancellation charges: Pawan Bansal

  Railway Minister Pawan Kumar Bansal made it clear on Friday that there will be no further hike in the near future in reservation or cancellation charges, though cross subsidy from freight to passenger segment has touched Rs 25,000 crore.

• Inflation must fall to 4-6 per cent; Budget may help: RBI

  India's high inflation must come down to a 4 to 6 per cent range, Reserve Bank of India (RBI) governor Duvvuri Subbarao said on Wednesday, noting full implementation of this year's Budget will have a "softening impact" on price growth.

• Pawan Bansal hints at further hike in railway booking and cancellation surcharge

  Justifying a recent hike in charges on various counts, Railway Minister Pawan Kumar Bansal on Wednesday hinted at further increase in surcharge on bookings and cancellations for balanced development of the country's largest transporter which has "limited resources".

• Hope RBI takes cue from Budget while deciding rates: Chidambaram

  The Finance Minister on Friday said he hopes the Reserve Bank will take into account the fiscal consolidation path shown in the Budget while taking a call on interest rate in its coming policy review on March 19.