Budget News

Delhi CM presents Rs.37,450 cr Budget for 2013-14

admin — Thu, 21 Mar 2013 05:04:17 +0000

NEW DELHI: With an eye to the Delhi assembly elections scheduled for later this year, Chief Minister Sheila Dikshit Wednesday presented a Rs.37,450 crore budget for 2013-14 fiscal with no fresh taxes.

No tax on sanitary napkins, diapers in Goa: Manohar Parrikar

admin — Tue, 19 Mar 2013 06:24:28 +0000

PANAJI: After exempting petrol from Value Added Tax (VAT), Goa Chief Minister Manohar Parrikar on Monday excluded sanitary napkins and diapers from the tax.

Parrikar, who presented his budget in the assembly on Monday, said that the decision had been taken to "ensure personal hygiene".

Highlights of Andhra Pradesh Budget 2013-14

admin — Mon, 18 Mar 2013 12:15:45 +0000

HYDERABAD: Hike in allocations for welfare and other social services sectors and marginal increase in economic services were the highlights of 2013-14 budget of Andhra Pradesh.

Skill developmen allowance for unemployed in Himachal Budget

admin — Thu, 14 Mar 2013 11:31:35 +0000

SHIMLA: Unemployed educated youth in Himachal Pradesh will get a monthly skill development allowance of Rs.1,000 while no new taxes have been proposed in the Rs.21,767 crore budget for 2013-14 presented by Chief Minister Virbhadra Singh on Thursday.

State Finance Minister to present Kerala Budget on Friday

admin — Wed, 13 Mar 2013 10:50:52 +0000

THIRUVANANTHAPURAM: The forthcoming budget session of the Kerala assembly is set to begin on Friday. State Finance Minister K.M. Mani is set to present his 11th budget.

Bengal Budget for 2013-14 puzzling, says CPI-M

admin — Wed, 13 Mar 2013 06:48:49 +0000

KOLKATA: West Bengal's opposition CPI-M on Tuesday dubbed the budget presented by the Trinamool Congress government for 2013-14 as "puzzling", saying advance estimates made in state GDP growth rate and employment figures are "questionable".

Mamata lauds Bengal Budget

admin — Tue, 12 Mar 2013 12:22:39 +0000

KOLKATA: Praising the West Bengal budget presented on Monday, Chief Minister Mamata Banerjee termed it as an effort to "grow trees in a desert".

State budget recommends metro rail for Guwahati

imart5 — Tue, 12 Mar 2013 06:47:42 +0000

GUWAHATI: The Assam budget for 2013-14 was presented yesterday. It recommended improving state highways, enhancing infrastructure in the state, and starting a metro rail project for Guwahati.

The metro rail project would cost an approximate Rs 1,800 crore. The budget was presented by Tarun Gogoi, Chief Minister and Finance Minister of Assam.

VAT rates hiked by 1% in Bengal Budget

admin — Tue, 12 Mar 2013 05:30:40 +0000

KOLKATA: In an effort to mop up additional revenue for the debt-stressed state, West Bengal Finance Minister Amit Mitra on Monday raised both the minimum and upper ceiling on Value Added Tax (VAT) by one percentage point each in his budget for 2013-14.

The lower VAT rate has now gone up to five percent from four percent.

Tamil Nadu to present Budget on March 21

gopi — Fri, 08 Mar 2013 06:32:48 +0000

CHENNAI: The Tamil Nadu Government will present its budget for the year 2013-14 on March 21, 2013.

“The budget will be presented at 10.30 a.m. on March 21, 2013,” Assembly Secretary AMP Jamaludeen said in a statement.

J&K Finance Minister presents Zero deficit budget in Kashmir

admin — Thu, 07 Mar 2013 08:08:59 +0000

JAMMU: Jammu and Kashmir Finance Minister Abdul Rahim Rather on Wednesday presented the fifth budget of the present National Conference (NC)-Congress coalition government which was a zero-deficit annual financial statement of Rs.38,068 crore.

Budget all about Future; Focused on Equality, Innovation, Education and Skilling: CII

gopi — Sat, 02 Mar 2013 10:10:48 +0000

NEW DELHI: Commenting on the Union Budget at CII's exclusive Session on Budget Impact Analysis in Financial Capital of India – in Mumbai on Friday, Mr Arun Nanda, Past Chairman CII WR and Director, Mahindra & Mahindra said, "All the populist schemes announced by the Finance Minister have either a job creation motive or a health and sanitation motive

Budget proposals boon to construction equipment industry, says Muralidharan

imart5 — Fri, 01 Mar 2013 11:34:38 +0000

UP industries term Union Budget 2013 as conservative

gopi — Fri, 01 Mar 2013 10:35:20 +0000

LUCKNOW: Uttar Pradesh Industries have termed the Union Budget "conservative" with focus on populist measures and not on "growth drivers" to stimulate industries.

Govt to establish two new ports at AP, WB

imart5 — Fri, 01 Mar 2013 10:15:27 +0000

MUMBAI: In a move to enhance India’s port capacity, the Central government shall establish two new ports at Andhra Pradesh and West Bengal. These ports will be adding a capacity of 100 million tonnes for India.

India's jewellery sector disappointed by budget

admin — Fri, 01 Mar 2013 09:52:09 +0000

NEW DELHI: India's jewellery industry on Thursday gave thumbs down to the budget presented by union Finance Minister P. Chidambaram, saying it was a "non-event" for the sector.

Rs.15,260 crore for drinking water ministry

admin — Fri, 01 Mar 2013 09:50:26 +0000

NEW DELHI: Finance Minister P. Chidambaram on Thursday allocated Rs.15,260 crore ($2.77 billion) to the ministry of drinking water and sanitation to expand and improve drinking water supply in the country.

Courts get Rs.1,815 crore for computerisation, facilities

admin — Fri, 01 Mar 2013 09:46:26 +0000

NEW DELHI: The union budget 2013-14 on Thursday earmarked Rs.1,815.47 crore for computerisation, augmentation of the judicial infrastructure, reforms and erasing the backlog of over three crore cases.

India Inc's mixed response to Budget 2013

admin — Fri, 01 Mar 2013 08:54:59 +0000

NEW DELHI: India Inc on Thursday welcomed Budget 2013-14 as a laudable effort to kickstart the next cycle of investment while addressing inclusive and sustained development.

Budget 2013 disappoints Special Economic Zones: EPCES

gopi — Fri, 01 Mar 2013 08:52:09 +0000

NEW DELHI: While expressing a big disappointment towards budget 2013-14, the Export Promotion Council for EOUs and SEZs (EPCES) on Thursday said the Budget has not provided any relief to special economic zones, which contributes about 30 per cent in the country's overall exports.