Thursday, 28 February 2013

Union Budget 2013 Live Updates- 1.34 PM-1.51 PM (TOI)

01:51 PM
Budget 2013 will create a feel-good atmosphere: KV Kamath, chairman Infosys, says.
01:50 PM
India must make tough spending choices, FM said, even as he unveiled a bigger-than-expected outlay for the coming fiscal year. Here are the highlights.
01:49 PM
The government on Thursday announced the setting up of a special Nirbhaya Fund for women's safety with a corpus of Rs 1,000 crore.
01:49 PM
The government on Thursday hiked defence spending to Rs 203,672 crore, marking an increase of five per cent over the outlay of 2012-13 at Rs 193,407 crore.
01:48 PM
The country is all set to get an all-women bank by this year with the government announcing an initial capital of Rs 1,000 crore for the purpose. 
01:48 PM
Finance minister P Chidambaram today announced a sharp increase of Rs 1.25 lakh crore in agriculture credit target to Rs 7 lakh crore for next fiscal and allocated additional Rs 10,000 crore in subsidy for implementing the Food Security Bill.
01:41 PM
Inflation, fiscal deficit, current account deficit are three basic challenges to economy; need multi-pronged strategy to tackle them: PM
01:39 PM
"The finance minister has done a commendable job in containing the deficit while simultaneously addressing the growth imperatives."
-PM Manmohan Singh
01:34 PM
FM has laid out a roadmap with regard to investments, says PM.

Union Budget 2013 Live Updates- 12.51 PM-12.33 PM (TOI)

01:33 PM
Sensex extends losses, down 150 points now: Reuters
01:30 PM
Given the challenges our economy is facing, Chidambaram has done a commendable job: PM
01:29 PM
We need to create jobs for our labour force: PM
01:29 PM
We need a growth rate of about 8%: PM
01:28 PM
PM Manmohan Singh is now giving his reaction on the Union Budget 2013-14.
01:25 PM
Budget highlights: Fiscal deficit
* Fiscal deficit seen at 5.2% of GDP in 2012/13

* Fiscal deficit seen at 4.8% of GDP in 2013/14

* Faced with huge fiscal deficit, India had no choice but to rationalise expenditure
01:23 PM
Watch: 42,800 people with annual taxable income higher than Rs 1 crore to be taxed
Watch: 42,800 people with annual taxable income higher than Rs 1 crore to be taxed
01:22 PM
Chidambaram has rolled back legacy of Pranab Mukherjee: BJP leader Yashwant Sinha
01:03 PM
People watching Union Budget presentation in a TV showroom in Bhopal on Thursday.
People watching Union Budget presentation in a TV showroom in Bhopal on Thursday.
01:03 PM
Budget 2013: Government targets 558.14 billion rupees from stake sales in state-run firms in 2013/14.
12:55 PM
What is cheaper: Jewellery, leather goods

Wednesday, 27 February 2013

Union Budget 2013 Live Updates- 12.44 PM-12.51 PM (TOI)

01:03 PM
People watching Union Budget presentation in a TV showroom in Bhopal on Thursday.
People watching Union Budget presentation in a TV showroom in Bhopal on Thursday.
01:03 PM
Budget 2013: Government targets 558.14 billion rupees from stake sales in state-run firms in 2013/14.
12:55 PM
What is cheaper: Jewellery, leather goods

Union Budget 2013 Live Updates- 12.44 PM-12.51 PM (TOI)

12:54 PM
Watch: No revision in income tax slabs, says Chidambaram
Watch: No revision in income tax slabs, says Chidambaram
12:51 PM
What is costlier: Cigarettes, mobile phones, dining in AC restaurants. SUVs.
12:47 PM
Budget speech ends; Markets are down, Sensex falls around 50 points.
12:46 PM
Finance minister P Chidambaram closes Budget presentation with a quote from Swami Vivekananda.
12:45 PM
Duty-free limit for gold raised to Rs 50,000 for men and Rs 1 lakh for women.

Union Budget 2013 Live Updates- 12.38 PM-12.44 PM (TOI)

12:44 PM
6% tax hike on all mobile phones above Rs 2000.
12:42 PM
Mobile phones above Rs 2000 to cost more.
12:42 PM
Set-top box import duty hiked.
12:40 PM
Service tax to be levied on all restaurants.
12:40 PM
Cigarettes to cost more. Excise duty on cigarettes increased by 18%.

Union Budget 2013 Live Updates- 12.31 PM-12.38 PM (TOI)

12:38 PM
SUVs to get costly.
12:38 PM
Customs duty on SUVs raised from 75% to 100%:
12:36 PM
11 lakh beneficiaries have received benefit under Direct Benefit Transfer scheme: FM
12:33 PM
Education cess to continue at 3%: FM
12:33 PM
No change in normal rates of customs and excise duty rates: FM

Union Budget 2013 Live Updates- 12.25 PM-12.31 PM (TOI)

12:31 PM
Donations to National Children Fund will get 100% tax exemption.
12:29 PM
Chidambaram proposes to reduce securities transaction tax (STT) on equity futures to .01% from .017%.
12:27 PM
Sensex falls around 75 points as FM raises corporate, individual taxes (surcharge).
12:25 PM
42,800 people with annual taxable income higher than Rs 1 crore to be taxed. They will have to pay a surcharge of 10% for 2013-14: FM