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2 New Updates
11:06 AM
The UPA govt believes in inclusive development, Chidambaram says.
11:06 AM
High growth with inclusive and sustainable development is our aim. Without growth, there will be no inclusiveness and sustainability: Chidambaram
11:05 AM
Only China and Indonesia are growing faster than India. Next year, only China will grow faster than India: Chidambaram
11:04 AM
Global economy has slowed down. We are not unaffected by what happens in the world. Our economy too has slowed down: Chidambaram
11:02 AM
Madam Speaker sir, I rise to present the Union Budget for 2013-14.
11:02 AM
Finance minister P Chidambaram starts presentation of Union Budget 2013-14.
11:01 AM
BSE realty index sits at the top of the sectoral pack with gains of 2%.
10:50 AM
Watch: Chidambaram reaches Parliament to present Budget 2013
10:48 AM
Sensex is up around 100 points as of 10:47am.
10:47 AM
February has been a disappointing month for markets; the Sensex is down 3%, but who knows how markets react today after Budget.
10:28 AM
There are eight assembly elections scheduled in the coming months ahead of the parliamentary poll.
10:21 AM
Chidambaram to present his 8th Budget today.
Finance minister P Chidambaram poses as he leaves his office to present the Union Budget. (Photo: Reuters)
10:04 AM
Finance minister P Chidambaram has reached Parliament.
10:00 AM
You can read TOI's special coverage on Budget 2013 throughout the day here.
09:56 AM
The rupee today gained 26 paise to 53.60 against the dollar in early trade at the Interbank Foreign Exchange on increased selling of the US currency by exporters.
09:48 AM
This year's Budget is also significant as it would be the last before the general elections due in April-May next year. There can only be an interim budget before the elections.
09:47 AM
Trivia: Since independence in August 1947, the country has seen a total of 25 ministers hold the finance portfolio. It has also seen 81 budgets -- 65 normal annual budgets, 12 interim budgets and four special-occasion budgetary measures, also called mini-budgets.
09:47 AM
Budget trivia: Among the 25 finance ministers since independence, the tenures of two leaders holding the finance portfolio -- Inder Kumar Gujral and Hemvati Nandan Bahugana -- did not afford them the pleasure of presenting a national budget.
09:45 AM
Apart from Chidambaram, only former Prime Minister Morarji Desai had presented Budget eight times.
09:33 AM
Ajit Ninan's take on fiscal fight in India.
09:28 AM
Finance minister P Chidambaram will today present the eighth Budget of his career.
09:28 AM
Budget trivia: The first Indian budget was presented by James Wilson on Feb 18, 1869. His designation was Finance Member of the Indian Council that advised the viceroy.
09:24 AM
Sensex opens 162 points up; Nifty opens 50 points up.
09:24 AM
Strong opening for markets ahead of Union Budget 2013-14.
09:14 AM
Finance minister P Chidambaram giving final touches to the Union Budget 2013-14 on the eve of its presentation in the Lok Sabha, in New Delhi on Wednesday.
09:13 AM
Finance minister P Chidambaram has reached North Block.
09:12 AM
Nifty is up around 38 points in pre-open trade: Reuters
09:10 AM
Credibility at stake
Chidambaram has staked his reputation on hitting a fiscal deficit target of 5.3 percent of GDP this year and 4.8 percent in 2013/14. A no-nonsense, Harvard-educated, lawyer who commands both respect and fear in government, he has squelched opposition from cabinet colleagues worried that spending cuts could ignite a backlash among voters.
09:10 AM
Economists say he may also unveil measures to widen the tax net to boost government revenues, lay the groundwork for a goods and services tax, reduce the government's huge subsidies bill, sell more stakes in state-owned enterprises and raise import duties to dampen demand for gold.
09:09 AM
The 2013/14 budget caps an intensive seven-month campaign by the energetic Chidambaram, who was appointed last August, to turn around the fortunes of Asia's third-largest economy.
09:08 AM
Finance minister P Chidambaram will present one of the most highly anticipated budgets of recent years today. Stay with TOI Live Blog for latest updates.
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