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India Union Budget 2013-2014, Latest Budget 2013-14 India, New Union Budget 2013-14 India.

Budget Flash 2013-2014

12:46	To present Draft Bill on GST in parliament in next few months: FM
12:45	One-time Amnesty Scheme for service tax due from 2007: FM
12:44 :	To set aside '9,000 cr as compensation to states for CST: FM
12:42 :	To impose service tax on all AC restaurants: FM
12:42 :	Sops for low-cost housing to continue: FM
12:41 :	To reduce abatement rates for luxury apartments: FM
12:40 :	To include 2 services in negative list of service tax: FM
12:40 :	To exempt vocational courses, testing services from Service Tax: FM
12:39 :	Increase excise duty on SUV's from 27% to 30%: FM
12:38 :	To up import duty on luxury cars to 100% from 75%: FM
12:38 :	SED on cigarettes hiked by 18%: FM
12:37 :	Custom duty on imported motor vehicles hiked: FM
12:37 :	To up import duty on set-top boxes to 10% from 5%: FM
12:36	No change in standard rate of excise duty, service tax: FM
12:34 :	20% final withholding tax on unlisted companies share buyback: FM
12:34 :	Modified provisions under GAAR effective April 1, 2016: FM
12:33 :	DTC is work in progress: FM
12:32 :	To incorporate decisions on GAAR: FM
12:32 :	STT reduced from 0.17% to 0.1%: FM
12:31 :	Agri commodities to be exempt from CTT: FM
12:31 :	To introduce CTT on non agri futures contracts at 0.1%: FM
12:29 :	To reduce STT on equity futures, MF units: FM
12:28	TDS at 1% of land deals over '50 lakh: FM
12:27 :	15% tax on dividend from overseas arms to continue: FM
12:27 :	FY14 fiscal deficit seen at 4.8% vs 5.2% in FY13: FM
12:25 :	Extend 80IA by 1 year: FM
12:25 :	Tax holiday for power plants extended to March 2014: FM
12:24 :	DDT surcharge raised to 10% from 5%: FM
12:23 :	To continue with education cess at 3%: FM
12:23 :	10% surcharge on companies with income over '10 cr: FM
12:22 :	Additional surcharge on taxes only for 1 year: FM
12:22 :	Super rich tax: 10% surcharge on income above Rs 1 cr: FM
12:21 :	Tax credit of '2,000 for income up to '5 lakh: FM
12:20 :	No case to revise direct tax rates, slabs: FM
12:19	Revenue deficit at 3.9% for FY13: FM
12:18 :	To set up tax administration reforms commission: FM
12:18 :	FY14 revenue deficit aim at 3.3%: FM
12:17 :	FDE for FY14 @ 4.8%: FM
12:17 :	FY14 planned budget estimate at 5.55 lk cr: FM
12:16 :	FDE for FY13 @ 5.2%: FM
12:15 :	DBT has benefitted 11 lakh people so far: FM
12:13 :	Govt to contribute 1000 cr for Nirbhaya fund: FM
12:11 :	294 more cities to be connected by FM Radio: FM
12:08	289 FM radio channels to be auctioned in FY14: FM
12:07 :	FII participation in forex segment subject to FX exposure: FM
12:06 :	Increase allocation for defence to 2.36 lakh cr: FM
12:05 :	Low cost finance provided for viable renewable energy projects
12:05 :	Generation-based incentives for wind energy projects: FM
12:05 :	ETFs will be eligible for pension, insurance investment: FM
12:04	Insurance, pension companies can directly trade in debt segment: FM
12:02 :	FII participation subject to forex exposure: FM
12:02 :	Stock exchanges can introduce a dedicated debt exchange: FM
12:01 :	FII will be allowed to participate in currency derivatives segment: FM
12:01 :	To follow international best practices for Diff B/w FII, FDI: FM
12:00 :	SEBI to simply procedures for FIIs, unify categories of FIIs: FM
12:00 :	Proposal to amend SEBI Act under consideration: FM
11:58 :	Sincerely hope the PFRDA & Insurance bill can be passed: FM
11:58 :	KYC of banks will be sufficient to acquire insurance policies: FM
11:57 :	Insurance companies will be empowered to open branches in tier II cities without prior IRDA approval: FM
11:57 :	2000 cr to be allotted to urban housing fund: FM
11:56 :	Propose to start a fund for urban housing: FM
11:56 :	6000cr allotted to rural housing fund in FY14: FM
11:55	To provide Rs 14,000 cr for Public Sector Bank recap: FM
11:54 :	To provide '1,000 cr initial capital to All-Women's Bank: FM
11:54 :	All-women's bank to be set up via public sector: FM
11:53 :	Capital infusion of Rs 12517 cr to PSU banks by March 2013: FM
11:52 :	To provide Rs 14,000 cr for PSB recap: FM
11:52 :	To constitute panel on transaction costs, financial policies: FM
11:49 :	To allot Rs 2,400 cr for textile technology upgradation: FM
11:48 :	500 cr given to SIDBI to act guarantee to a factoring fund: FM
11:47 :	To increase refinancing of SIDBI to help MSME: FM
11:46	To encourage PPP projects along with Coal India: FM
11:46 :	Income limit for RGESS raised to Rs 12 lakh from Rs 10 lakh: FM
11:45 :	Need to reduce dependence on imported coal: FM
11:45 :	Coal imports estimated to rise to 185 million tonnes in 2016: FM
11:44 :	Blocked NELP blocks to be cleared: FM
11:44 :	To announce policy on shale gas based on revenue sharing: FM
11:43	Inflation-indexed bonds to be announced on June 1: FM
11:42 :	Work on Bengaluru Mumbai industrial corridor to begin shortly: FM
11:42 :	Seeks assistance of World Bank, Asian Devt Bank to build roads in north east states connect to Myanmar: FM
11:42 :	House loans upto Rs 25 lk will be allowed additional deduction of interest of 1 lk: FM
11:42 :	Propose to introduce inflation index bonds or security certificates: FM
11:41 :	Rajiv Gandhi scheme is extended to mutual funds: FM
11:40 :	Investment allowance of 15% for investments above '100 cr: FM
11:40 :	Rajiv Gandhi equity saving scheme to be liberalised: FM
11:39 :	3000 km of road projects will be awarded in first 6 months of FY14: FM
11:39 :	Allocation for integrated water programme from 3,050 cr to 5,387 cr next year: FM
11:38	Indian Institute of Agri-Biotechnology to be established at Ranchi, Jharkhand: FM
11:38 :	CCI to take up more projects shortly: FM
11:37 :	To encourage infra debt funds to boost infra growth: FM
11:37 :	5000 cr will be made available to NABARD to finance agri produce storage: FM
11:37 :	To constitute regulatory authority for roads sector: FM
11:36 :	Expect to raise Rs 25,000 Cr via tax-free bonds in FY13: FM
11:36 :	Some companies can issue tax free bonds upto Rs 50,000 cr for Infra: FM
11:35	IIFCL and ADB will offer credit enhancement to help infra companies tap bond mkt: FM
11:35 :	4 IDF's have been registered with SEBI, 2 will be launched soon: FM
11:34 :	Infra debt funds are encouraged to promote investment in infrastructure: FM
11:34 :	55 lk crore earmarked for infra in the 12th plan: FM
11:33 :	To allocate additional Rs 10,000 cr for food security bill in FY14: FM
11:31 :	Food security bill is the promise of the UPA government: FM
11:29	Eastern states to get Rs 1000 cr for green revolution: FM
11:28 :	4% farm loan scheme extended to private sector banks: FM
11:28 :	Interest subvention on farm loans repaid on time to continue: FM
11:27 :	Interest subvention on crop loans to continue: FM
11:27 :	Rs 27,049 to Ministry of Agriculture; up 22% YoY: FM
11:26 :	JNNURM will help in purchase of Rs 10000 buses by hilly stations: FM
11:25 :	To allot Rs 14,873 cr for JNNURM: FM
11:25 :	80,194 cr allocated to Rural Development Ministry; 46% hike from FY13: FM
11:24	46% hike in Rural Development spending: FM
11:23 :	Allocate Rs 15,260 cr towards clean drinking water & sanitation: FM
11:23 :	33,000 cr allocation for MGNREGS: FM
11:22 :	Clean drinking water towards Rs 15,260 cr: FM
11:21 :	Allocation of Rs 13215 cr towards mid-day meal scheme: FM
11:21 :	To allott Rs 37333cr for health, family welfare in FY14: FM
11:20 :	Education cos shares up 3-5%; govt to promote youth skills for jobs: FM
11:20 :	Rs 65867 cr allocated to ministry of human resources: FM
11:19 :	17% hike in allocation to education: FM
11:16 :	To allot 24598cr to the tribal sub-plan: FM
11:15 :	FY14 plan expenditure at 5.53 lk crores: FM
11:15 :	FY14 Gender budget has Rs 97134 cr: FM
11:15 :	41561cr allocated for scheduled cast sub plan: FM
11:14 :	Total expenditure is 16.6 lakh cr for FY14: FM
11:13	FY14 Planned expenditure to be 29.4% more than FY13: FM
11:13	Total expenditure is 96% of the earlier budgeted expenditure: FM
11:12	Foreign investment is an imperative to finance CAD: FM
11:12	Have to rationalise expenditure to reduce fiscal deficit: FM
11:11	No choice but to rationalise spending: FM
11:11	Estimate of plan expenditure was too ambitious in 2013: FM
11:11	Need to augment supply side to tame food inflation: FM
11:11	WPI is down to 7% and core inflation down to 4.2%: FM
11:10	India needs to encourage foreign investments: FM
11:10	Food inflation is worrying : FM
11:09	Need $ 75 bn to finance CAD: FM
11:09	Greater worry is CAD that continues to be high: FM
11:08	CAD bigger worry than Fiscal Deficit: FM
11:08	Achieving high growth not beyond our capacity: FM
11:08	UPA believes in inclusive growth and emphasis human development: FM
11:08	CSO estimated GDP growth at 5% in FY13: FM
11:06	Getting back to 8% growth rate is challenge for the country: FM
11:06	China & Indonesia growth rate faster than Indian growth: FM
11:06	Confident that country can get onto high growth path: FM
11:06	Final GDP growth rate would be lower than CSO, RBI Est: FM
11:05	RBI estimated GDP growth of 5.5% in FY13: FM
11:05	Global eco growth slowed to 3.2% in FY12 vs 3.9% (YoY): FM
11:04	Not unaffected by what is happening in rest of the world: FM
11:04	Global crisis spared none: FM
11:03	FM begins speech FY14 Union Budget in Lok Sabha

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