HindustanTimes Sat,29 Aug 2015

top news »

India to launch Mars mission this year: President

India will launch its first space mission to Mars in 2013, President Pranab Mukherjee said on Thursday.

Appoint expert committee on fuel pricing: Moily to FM

Fearing oil companies will be hit hard by the finance ministry's move to cut subsidises by changing pricing of petrol and diesel, oil minister M Veerappa Moily has asked finance minister P Chidambaram to refer the issue to an expert committee.

Marginal rise in cargo traffic in Apr-Sept 2012: Survey

Cargo traffic at ports during the six-month period ended September 2012 grew by just 1.8% to 455.8 million tonnes due to decline in shipments handled at major ports, Economic Survey said today.

Indian firms raise Rs. 2.81 lakh cr in Apr-Dec 2012: Survey

Indian companies raised a total of Rs. 2.81 lakh crore in fresh capital from equity and debt markets in the April-December period of 2012.

'Revamp education to arrest joblessness'

India's unemployment numbers could shoot up to four times of the current levels by 2020, with up to 12 million jobless, unless it implements key economic reforms and reshapes its education system to meet industry needs, the Economic Survey has warned. HT reports.

AI may show operating profit in current year

State-owned Air India (AI) is likely to post an operating profit in 2012-13 - the first time since its merger in 2007. HT reports.

Remove hurdles to infra growth

Calling for a high level of investment in infrastructure, the Economic Survey for 2012-13 cited bottlenecks in the sector as one of the main reasons for subdued industrial performance in the country. HT reports.

Manufacturing revival critical to India's long-term growth

Industrial growth, particularly manufacturing, and services segments, would be critical for India to get back on the high-growth path, the survey said. The revival of these two sectors would also be key for job creation, it added. HT reports.

India losing global edge in BPO market

Over the last five years, India has lost 10% share of the world's BPO (business process outsourcing) market to countries such as China, Philippines and Brazil, the survey said. The survey's observation has raised concerns for the $20-billion (Rs 1-lakh crore) domestic BPO industry. HT reports.

A token hike for forces

India will spend 1.79% of its GDP on defence this fiscal, at a time when experts are arguing it should be more than 3%, seen against the backdrop of China's rising military might.

Unsporting gesture? SUVs get a tax sock on the bonnet

If you are in the market for a sports utility vehicle, get ready to dig deep into your pockets. The government on Thursday increased the excise duty on sports utility vehicles from 27% to 30%, which will mean a price rise ranging from Rs. 15,000 for a no-frills Mahindra Bolero, to up to Rs. 75,000 for a Toyota Fortuner. HT reports.

Tax sops for leather, precious stones exports

Finance minister P Chidambaram today proposed tax incentives to increase shipments of labour-intensive sectors such as leather, much to the cheer of exporters.

Urban transport to get a leg up; 10,000 buses to be bought for Indian cities

Often ignored by politicians, the urban poor and middle class got a little more attention and funding from finance minister P Chidambaram in the 2013-14 budget.

Govt renews focus on women, announces Nirbhaya fund in budget

Finance minister Palaniappan Chidambaram's 2013-14 budget speech would perhaps best be remembered for mentioning "women" 24 times throughout his entire 95 minute presentation.

Health insurance scheme to benifit unorganised workers

The Rashtriya Swasthiya Bima Yojana, the government's flagship aam-admi health insurance scheme would be extended to benefit the rickshaw, auto-rickshaw and taxi drivers, sanitation workers, rag pickers and mine workers.
1 | 2 | 3 | 4


Highlights: Budget 2013  »

  • Expect higher revenue next year: Chidambaram
  • Unclear what the expense on food subsidies be at this stage: Chidambaram
  • Fuel subsidy likely to be lower this year: Chidambaram
  • Immediate goal is to achieve growth rate of 6%: Chidambaram
  • We have to be patient and wait for the economy to pick up: Chidambaram
  • We have not put impossible burdens on people: Chidambaram
  • The only way to contain current account deficit is to increase exports: Chidambaram
  • Confident that RBI will do it's part: Chidambaram
  • Economy is challenged in a number of ways: Chidambaram
  • This is a lollypop election budget: CPI leader Gurudas Dasgupta
  • Budget has ignored SC/ST: Mayawati
  • Budget will only benefit industrialists, not common man: Mayawati
  • Budget will give impetus to Bihar's demand for special status: Nitish Kumar
  • FM has taken important steps to reverse pessimistic mood with regard to our economy: PM
  • There is need to convert challenges into opportunities: PM
  • The Finance Minister has done a commendable job: PM
  • Direct Benefit Transfer scheme to be rolled out
  • Ships and vessels exempted from excise duty
  • Direct tax code to be introduced in budget session of the Parliament
  • Set-top box import duty hiked
  • Gold duty limit raised to Rs. 50,000 for men; Rs. 1 lakh for women
  • 100% customs duty on luxury cars
  • Increase in import duty on high end bikes from 75% to 100%
  • 6% duty on mobile phones worth more than Rs. 2000
  • Excise duty on cigarette, cigar and cheeroot increased by 18%
  • Import duty on raw silk hiked to 15%
  • Luxury imported items to cost more
  • Donations to National Children's fund will be eligible for 100% tax deduction
  • No plans to revise direct taxes
  • No change in customs and excise duty
  • Tax credit of Rs. 2000 for those with income upto Rs. 5 lakh
  • Education cess at 3%
  • donations to be tax free
  • Surcharge of 10% on individuals, companies whose income is above Rs. 1 crore per year
  • No revision in tax slabs
  • Planned expenditure to be 33% of total expenditure
  • Rs. 1,000 crore allocated to women safety fund
  • Defence budget allocation increased to Rs. 2 lakh crore
  • Insurance and pension funds can now directly invest in debt funds
  • Domestic workers, Anganwadi workers, others to get group insurance
  • 13 public sector banks to get Rs. 14,000 crore
  • Propose to provide Rs. 14,000 cr for capital infusion in public sector banks
  • Inflation indexed bonds and NSCs to be introduced
  • JNNURM is being continued in the 12th Plan; Rs. 14,873 cr to be provided to the Mission
  • Rs. 33,000 crore to be allocated to MNREGA
  • Rs. 6000 crore for rural housing fund, Rs. 2000 cr for urban housing fund
  • Two new ports to be built in West Bengal and Andhra Pradesh
  • All towns having population of 10,000 to get LIC office
  • Rashtriya Swasthya Bima Yojna to be extended to rickshaw pullers and rag pickers
  • List of eligible securities will be enlarged: Chidambaram
  • SEBI to simplify procedures for entry of foreign portfolio investors in India: Chidambaram
  • India's first all-women public sector bank to be set up
  • All public sector bank branches to have ATMs
  • Focus on modernisation of powerloom sector
  • Propose to continue with the technology upgradation, funds scheme for textile sector: Chidambaram
  • Rs. 1650 cr allocated for AIIMS like institutes
  • Natural gas pricing policy will be reviewed: Chidambaram
  • Person taking home loan for the first time to get tax cut of Rs. 1 lakh
  • Regulatory authority to be set up for road sector
  • Rs. 17,700 crore to be allocated for Integrated Child Development Scheme
  • Rs. 5000 cr allocated to NABARD
  • Income level of Rajiv Gandhi equity schemes increased by Rs. 2 lakh
  • Rs. 80, 194 crore allocated for rural development: Chidambaram
  • Rs. 25,000 cr to be raised through tax free bonds: Chidambaram
  • Rs. 10,000 crore for food security bill promised by UPA: Chidambaram
  • Infrastructure debt fund to be encouraged: Chidambaram
  • Rs. 37,330 cr allocated to ministry of health and family welfare: Chidambaram
  • Rs. 41,000 allocated for scheduled caste welfare: Chidambaram
  • Rs. 27,49 cr to be allocated to the agriculture ministry: Chidambaram
  • Plan expenditure in 12th Five Year Plan revised to Rs. 14,30,825 cr or 96% of budgeted expenditure
  • Scholarships for students from SC/ST, minority communities: Chidambaram
  • Rs. 110 cr to be allocated to department of disability: Chidambaram
  • Increased allocation for safe drinking water and sanitation: Chidambaram
  • Increased allocation for mid-day meal schemes: Chidambaram
  • Rs. 65,000 cr allocation for education schemes: Chidambaram
  • Rs. 110 cr to be allocated to department of disability: Chidambaram
  • Need $ 75 billion to bridge current account deficit: Chidambaram
  • 2013-14 budget has sub-plans for SC, ST, youth and women: Chidambaram
  • Foreign investment imperative for growth: Chidambaram
  • Our economy has slowed down after 2010: Chidambaram
  • No choice but to cut spendings to control inflation: Chidambaram
  • China and Indonesia are growing faster than India: Chidambaram
  • Getting back to 8% growth is a challenge for country: Chidambaram
  • Our goal is higher growth: Chidambaram
  • Between 2004-2008 and again in 2009-10, 2010-11 the growth rate was over 8%: Chidambaram
  • P Chidambaram begins budget address in Lok Sabha
  • Cabinet endorses Union Budget 2013-14, to be presented in Parliament shortly.
  • Finance minister P Chidambaram reaches North Block.
  • Chidambaram set to present India's 82nd national budget.
  • Today's Union Budget will be Chidambaram's eighth personal exercise.
  • It's two short of the record of 10 set by former PM Morarji Desai.
  • Since Independence, the country has seen a total of 25 ministers hold the finance portfolio.
  • India has also seen budgets - 65 normal annual budgets, 12 interim budgets and four mini-budgets.
  • Morarji Desai presented eight normal and two interim budgets.
  • Thursday will see Chidambaram equal the eight-budget track record of Pranab Mukherjee.
  • Chidambaram will surpass Yashwant Sinha, YB Chavan and CD Deshmukh who all presented seven budgets each.
  • PM Manmohan Singh and TT Krishnamachari have presented six budgets each.
  • Jawaharlal Nehru, Indira Gandhi, Rajiv Gandhi have presented one budget each.
  • Sensex closed up more than half a percent a day before the union budget 2013-14
  • It will be the eighth such personal exercise for him
  • Chidambaram set to present India's 82nd national budget in Lok Sabha


tax calculator  »