• Feb 28, 2013 15:22 IST

    First time home buyers to get additional tax break of Rs. 1 lakh

    Finance minister P Chidambaram on Thursday raised tax deduction limit by Rs. 1 lakh for the first time home buyers to promote the housing sector.

  • Feb 28, 2013 14:14 IST

    M&M, Tata Motors stocks fall on SUV excise hike

    Shares of Mahindra & Mahindra and Tata Motors fell by nearly 2% after finance minister P Chidambaram proposed to increase the excise duty on all sports utility vehicles.

  • Feb 28, 2013 13:25 IST

    FM allocates $1.9 bn for populist food bill

    Finance minister P Chidambaram earmark $1.9 billion for a populist programme to combat malnutrition, a move seen as a major vote winner for the ruling Congress party in elections next year.

  • Honda Urban SUV
    Feb 28, 2013 13:56 ISTBudget 2013

    SUVs, imported cars, eating out to cost more

    Sports utility vehicles, imported cars and motorcycles, high-end mobile phones, eating out at air-conditioned restaurants and cigarettes will become costlier with Finance Minister P Chidambaram deciding to impose higher taxes on these items.

  • Mobile phones
    Feb 28, 2013 15:20 IST

    Union Budget 2013: what is costlier, what is cheaper

    Union Budget 2013-14 has largely spared the common man from added expense. But it is the affluent who will have to shell out more for certain premium items.

  •  Lagaan
    Feb 28, 2013 23:34 IST

    Budget is the economy’s face, Bollywood is a mirror that reflects it

    The government’s spending and taxation cause mood shifts and social change, accentuating prosperity or poverty, provoking love, happiness and anger that show up on the screens. N Madhavan writes.India unchained: frame by frame

  • Feb 28, 2013 23:50 IST

    Hot day? Eat out, pay more

    The government has made dining out more expensive, especially if you are planning to hit an air-conditioned restaurant this summer.

  • Mar 01, 2013 00:03 IST

    Rajiv Gandhi Scheme liberalised

    In order to wean away household investments from gold purchase and encourage participation in stock markets, finance minister P Chidambaram has proposed to liberalise the Rajiv Gandhi Equity Savings Scheme. HT reports.

  • Mar 01, 2013 00:05 IST

    Lifestyle gets tax punch

    Mobile phones that cost more than Rs. 2,000, tobacco products including cigarettes and cheroots, sports utility vehicles (SUVs), marble, silver products… the list of products that become dearer in the wake of finance minister P Chidambaram’s budget proposals is long, but not as long as it could have been.

  • Mar 01, 2013 01:08 IST

    High-end homes turn a tad more expensive

    Buying a home, especially in the metropolitan cities, will now turn costlier with an increase in service tax by the finance minister P Chidamabaram. HT reports.

  • Mar 01, 2013 01:13 IST

    Amnesty to woo tax-shy

    Finance minister P Chidambaram on Thursday announced an amnesty scheme for service tax defaulters in an effort to "entice a large number of assesses to tax fold" and simultaneously boost tax collections for the exchequer. HT reports. At your service | Service tax: exchequer gains | Air Departures every year: No of flights

  • Mar 01, 2013 01:23 IST

    Bigger loans, lower interest for farmers

    Farmers, who constitute nearly two-thirds of Indians, will continue to get priority loans worth nearly Rs 7,00,000 crore during 2013-14, up 40% from Rs 5,00,000 crore, apart from interest discounts, Union finance minister P Chidambaram announced in Thursday's budget. HT reports.

  • Evade
    Mar 04, 2013 18:40 IST

    No rollback of duty hike on SUVs: FM

    Virtually ruling out rollback of 3% hike in excise duty on SUVs, finance minister P Chidambaram today assured India Inc that a clutch of decisions, mainly on indirect taxes, would be announced during the course of debate on budget and Finance Bill in Parliament.

  • Chidambaram
    Jan 20, 2013 20:54 ISTBudget 2013-14

    Govt to levy penal interest rate on tax defaulters

    The government is likely to clamp down heavily on tax defaulters through a string of measures that is likely to be announced in this year's budget, as tax authorities step on the pedal to collect unpaid revenues. HT reports.

  • Union finance minister P Chidambaram
    Jan 24, 2013 12:43 ISTBudget 2013-14

    Chidambaram hints at taxing super-rich

    Finance minister P Chidambaram today said that the argument for taxing the very rich "a little more" should be considered, fuelling speculations about steps he may take in the budget to boost tax inflows and narrow a widening fiscal gap. POLL: Should India's rich pay more taxes?