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SUVs, imported cars, high-end mobiles, eating out to cost more

Last Updated: Thursday, February 28, 2013, 14:54

Sports utility vehicles, imported cars and motorcycles, high-end mobile phones, eating out at air-conditioned restaurants and cigarettes will become costlier with Finance Minister P Chidambaram deciding to impose higher taxes on these items.

Union Budget 2013: Chidambaram offers minor sops to income tax payers

Last Updated: Thursday, February 28, 2013, 14:33

In his tax proposals in the Budget for 2013-14 to raise an additional Rs 18,000 crore, he gave a benefit of Rs 2,000 to individual tax payers with taxable income of up to Rs 5 lakh but made no change in either slabs or rates of personal income tax which will continue at 10, 20 and 30 percent.

Union Budget 2013: Electronics chip maker plants to get incentives

Last Updated: Thursday, February 28, 2013, 14:28

In a move to boost manufacturing of high tech electronic products in India, government Thursday announced zero customs duty for equipments required for setting up semiconductor (electronic chips) plant in the country would be free from customs duty.

Union Budget 2013: Govt to set up Road Regulatory Authority

Last Updated: Thursday, February 28, 2013, 14:25

The government on Thursday said it would set up a road regulatory authority in 2013-14 to address financial stress, construction risk and contract management in the road sector.

Union Budget 2013: Direct cash scheme to be extended to entire country

Last Updated: Thursday, February 28, 2013, 14:15

Nearly 11 lakh poor people have benefitted from the Direct Benefit Transfer Scheme which began on January one and will be rolled out throughout the country, Finance Minister P Chidambaram said on Thursday during his Budget speech in the Lok Sabha.

Union Budget 2013: Chidambaram proposes 10% surcharge on super-rich

Last Updated: Thursday, February 28, 2013, 14:13

The much-debated additional tax for super-rich found favour with the government as Finance Minister P Chidambaram on Thursday proposed a 10 percent surcharge for a year on income above Rs one crore.

Tax credit of Rs 2,000 for persons with income up to Rs 5 lakh

Last Updated: Thursday, February 28, 2013, 14:11

Giving small relief to tax payers, Finance Minister P Chidambaram on Thursday announced a tax credit of Rs 2,000 for persons with income up to Rs 5 lakh.

Budget 2013-14: Chidambaram's 8th; India's 82nd

Last Updated: Thursday, February 28, 2013, 14:03

Finance Minister P Chidambaram on Thursday presented his eighth annual budget in Parliament, the second highest by anyone in the country after a record ten by former Prime Minister Morarji Desai.

Union Budget 2013: 0.01% transaction tax on non-agri futures trade

Last Updated: Thursday, February 28, 2013, 14:01

In a major set-back to commodity exchanges, Finance Minister Chidambarm Thursday proposed a transaction tax of 0.01 percent on non-agri futures traded on the bourses.

Govt ready to provide more funds for DMIC

Last Updated: Thursday, February 28, 2013, 13:58

The government Thursday said that "if required" it will allocate more funds during the next financial year for the development of world class industrial cities proposed under the Delhi-Mumbai Industrial Corridor (DMIC) project.

Excise duty on SUVs hiked; 100% import duty on luxury vehicles

Last Updated: Thursday, February 28, 2013, 13:52

Excise duty on sports utility vehicles has been increased to 30 percent, while all luxury vehicles, including super bikes will attract 100 percent import duty.

Govt to infuse Rs 14,000 cr in public banks during FY'14

Last Updated: Thursday, February 28, 2013, 13:49

The government Thursday said it will infuse Rs 14,000 crore in public sector banks next fiscal to ensure that they meet the global capital adequacy norms.