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Gold sale in Gulf to rise on limit revision for NRIs: ReportGold sale in Gulf to rise on limit revision for NRIs: Report
As part of the Budget proposal last week, it was announced that male passengers can carry gold worth Rs 50,000, and female passengers Rs 1 lakh compared to the earlier limit of Rs 10,000 and Rs 20,000, respectively.
Budget 2013: SUVs, imported vehicles to cost moreBudget 2013: SUVs, imported vehicles to cost more
Imported luxury cars will be costlier by up to Rs 15 lakh or even more, while prices of sports utility vehicles will also go up, with the Finance Minister P Chidambaram on Thursday proposing a hike in excise and customs duties on these products.
Budget proposals to boost investments: SharmaBudget proposals to boost investments: Sharma
Steps proposed in the Union Budget today will help boost investments in the country and provide a thrust to the textiles industry, Commerce and Industry Minister Anand Sharma said Thursday.
Budget 2013 disappoints aviation, hospitality industry expertsBudget 2013 disappoints aviation, hospitality industry experts
Aviation and hospitality industry experts Thursday expressed disappointment at the 2013-14 general budget, saying contentious issues like high sales tax on jet fuel and taxation on travel trade had not been addressed.
Attractive schemes on the anvil to discourage gold buyingAttractive schemes on the anvil to discourage gold buying
"The household sector must be incentivised to save in financial instruments rather than buy gold. Increasing savings and their optimal allocation for productive uses lead to higher economic growth," he said while presenting the Budget.
Govt to borrow Rs 4.84 lakh cr to bridge fiscal deficitGovt to borrow Rs 4.84 lakh cr to bridge fiscal deficit
During 2012-13, the government borrowed Rs 4,67,384.06 crore from the market.
Govt to follow global practices to define FDI, FIIGovt to follow global practices to define FDI, FII
"In order to remove the ambiguity that prevails on what is FDI and what is FII, I propose to follow the international practice and lay down a broad principle," Finance Minister P Chidambaram today said in his Budgetary proposals.
Plan expenditure estimates for FY14 up 6.58% at Rs 5,55,322 crPlan expenditure estimates for FY14 up 6.58% at Rs 5,55,322 cr
However, the jump in the Plan expenditure for 2013-14 is 29.4 percent when compared with the revised estimates of the same for current fiscal at Rs 4,29,187 crore.
Special plans for minorities, women in BudgetSpecial plans for minorities, women in Budget
While presenting the Annual General Budget, Finance Minister P Chidambaram said the budget had sub plans for welfare of scheduled castes and scheduled tribes. These funds cannot be diverted and must be spent for the purpose of the sub plans.
Companies funding for tech incubators to come under CSRCompanies funding for tech incubators to come under CSR
Unveiling the Union Budget for 2013-14, Finance Minister P Chidambaram said incubators play an important role in mentoring new businesses which start as a small or medium business.
Union Budget 2013: Govt to reduce securities transaction tax on certain segmentsUnion Budget 2013: Govt to reduce securities transaction tax on certain segments
The government will reduce taxes levied on various transactions in the securities market, a move that will help in bringing down the overall cost for investors.
Budget 2013 impact: Clarity on tax issues related to R&D centres in IT soonBudget 2013 impact: Clarity on tax issues related to R&D centres in IT soon
The government will soon issue a circular to provide clarity on taxation matters with regard to research and development activities in the IT sector.
Budget 2013-14: Big push to infra with Rs 50k cr tax-free bonds, two new portsBudget 2013-14: Big push to infra with Rs 50k cr tax-free bonds, two new ports
Infrastructure got a major thrust in Budget 2013-14 with Finance Minister P Chidambaram Thursday announcing a slew of measures to boost sector's growth, like raising Rs 50,000 crore through tax-free bonds, setting up of major ports and a road regulator.
Mobile phones above Rs 2,000 set to cost moreMobile phones above Rs 2,000 set to cost more
People aspiring to buy expensive smartphones like iPhones, Galaxy SIII or even mid-level Nokia Asha will have to shell out more now as the Budget for 2013-14 raised excise duty to 6 percent on handsets priced above Rs 2,000.
Union Budget 2013: 1st time home buyers to get additional tax break of Rs 1 lakhUnion Budget 2013: 1st time home buyers to get additional tax break of Rs 1 lakh
Finance Minister P Chidambaram Thursday raised tax deduction limit by Rs 1 lakh for the first time home buyers to promote the housing sector.
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MSME Sector

P Chidambaram proposed continuing non-tax benefits to these units for three years.

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IT-BPO Sector

Clarity on tax issues related to R&D centres in IT soon.

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Infrastructure

Big push to infra with Rs 50k cr tax-free bonds, two new ports.

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Real Estate Sector

FM raised tax deduction limit by Rs 1 lakh for the first time home buyers.

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Auto Sector

Excise duty on SUV will be raised to 30 percent from 27 percent.

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Budget 2013: Tax slab remain unchanged Budget 2013: PM commends Chidambaram's budget Union Budget 2013: Chidambaram's Budget speech
Budget 2013: Tax slab remain unchanged Budget 2013: PM commends Chidambaram's budget Union Budget 2013: Chidambaram's Budget speech
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Rail Minister announced no hike in passenger fares.
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