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Union Budget 2013: Govt targets Rs 55,814 cr from PSU stake sale in FY14

Last Updated: Thursday, February 28, 2013, 16:32

Finance Minister P Chidambaram has doubled the disinvestment target for next fiscal to Rs 55,814 crore, from Rs 24,000 crore estimated in the current fiscal.

Budget 2013: Integrated Child Development's funds enhanced by 11.7 %

Last Updated: Thursday, February 28, 2013, 16:28

The Women and Child Development ministry's Integrated Child Development Scheme (ICDS) has been allocated Rs 17,700 crore in the budget for the year 2013-14 which is an 11.7 percent increase over the fund alloted in the previous year.

Budget 2013: Chidambaram lays stress on buses as a means of transport

Last Updated: Thursday, February 28, 2013, 16:27

The 2013-14 General Budget Thursday laid emphasis on buses as a means of transport especially in the hilly regions of the country.

Budget 2013: Govt to set up two ports in Andhra Pradesh, West Bengal

Last Updated: Thursday, February 28, 2013, 16:24

The government Thursday said it will set up a port each at Andhra Pradesh and West Bengal in 2013-14, to effectively handle increased cargo traffic.

Union Budget 2013: Tax sops in RGESS extended to 3 years

Last Updated: Thursday, February 28, 2013, 16:20

Finance Minister P Chidambaram Thursday proposed liberalising the Rajiv Gandhi Equity Savings Scheme to enable first time investors to park funds in MFs and listed shares and extended tax benefits to three successive years.

Govt allows FIs to raise Rs 50,000 cr via tax-free bonds

Last Updated: Thursday, February 28, 2013, 16:18

To encourage investment in the infrastructure sector, some financial institutions have been allowed to raise about Rs 50,000 crore from tax-free bonds in 2013-14.

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.