Budget 2013

Budget 2013 News

Jairam Ramesh shifts Budget 2013 flak onto Narendra Modi

Ramesh found fault in implementation of a scheme in Narendra Modi-ruled Gujarat.

Nestle India to increase royalty payment to parent company

Nestle India board has approved an increase in the royalty rate paid to its parent company.


DoT asks for excise duty exemption on mobiles costing up to Rs 5,000

The government had announced an increase in excise duty on mobile phones costing above Rs 2,000.

DoT asks for excise duty exemption on mobiles costing up to Rs 5,000

In a letter to the finance ministry,the DoT had said that the exemption should be increased for mobiles costing Rs 5,000.

Praful Patel urges FM to recall 3% duty hike on SUVs

Patel,in a letter to the finance minister,pointed out that SUVs,used as mass transport in rural and semi-urban areas,are a “necessity” in such areas given the poor roads.

India needs good rating from global agencies: Shome

We need foreign capital and also to prohibit capital outflows.


No rollback of duty hike on SUVs,but incentives soon,says P. Chidambaram

Decisions,mainly on indirect taxes,to be announced during course of debate on Budget: FM

Moody's: India's Budget 2013 'realistic',positive for sovereign ratings

In a significant development for economy,FM Chidambaram's Budget received a thumbs up from Moody's.

P Chidambaram warns tax dodgers,rules out amnesty

Chidambaram pointed out that no tax burden had been imposed in the budget.

Budget gives room to tax officials to crack the whip

Finance Minister proposes toughest punishments for service tax evaders