Rajya Sabha nod to Union Budget 2013-14 sans debate

Faced with paucity of time, Rajya Sabha on Thursday approved Union Budget 2013-14 without debate, a development witnessed perhaps for the first time which triggered protests from Opposition members.

1,000 cr in Budget for skill development of 10 lakh youth

The Union Budget for 2013-14 has earmarked Rs 1,000 crore for the skill development of 10 lakh youth through the National skills Development Corporation.

Singapore investors concerned about GAAR uncertainty

Investors in Singapore are concerned over the pending implementation of India's General Anti-Avoidance Rule (GAAR) and its impact on investments there, according to legal and tax executives.

Armed forces` modernisation not to be hit by budge

The modernisation plan of the armed forces will not be affected by the reduction in the defence budget in the current year, the government told Lok Sabha on Monday.

Chidambaram's Budget credit positive for rating: Moody's

"India's budget pursues realistic fiscal consolidation, a credit positive for the sovereign", said Moody's in its credit outlook for the country.

Budget 2013: Chat online with Chidambaram Monday

Have a query on Budget 2013-14? You can directly ask Finance Minister P Chidambaram as he will take questions on all proposals Monday on Google Hangout-- a multi-person online video chat.

Chidambaram warns tax dodgers, rules out amnesty

In warning to tax dodgers, Finance Minister P Chidambaram Sunday said that a huge amount of data is being mined to go after them and ruled out any amnesty scheme for defaulters.

More announcements to promote growth: Chidambaram

A number of non-legislative decisions covering customs, excise, service tax, insurance and banking to promote growth will be announced in Parliament before the passage of the Finance Bill.

All-women bank: Congress workers congratulate Sonia Gandhi

Large number of Congress women members and representatives of NGOs met AICC chief Sonia Gandhi to greet her for government`s proposal in the Union Budget to set up an all-women bank by October-end.

Bank for women mere 'tokenism' sans social change: J S Verma

The former chief justice had led the three-member panel that looked into laws on crimes against women in the aftermath of the December 16 Delhi gangrape incident which had sparked massive protests.

Bank for women mere `tokenism` sans social change: JS Verma

Former CJI JS Verma, who headed a panel that examined laws on crimes against women on Saturday said in the absence of meaningful social change, measures like the proposed special bank for women were merely tokenism.

Pragmatism: Common strand in Chidambaram`s eight budgets

Farmers will now be able to access this credit facility from private banks as well.

Healthy or not so healthy Budget 2013-14?

The Union Budget proposal to integrate rural and urban heath missions has been received well though experts lamented the rather ‘poor’ outlay under the combined scheme.

It is a very responsible Budget: Lord Paul

"It has to be accepted that the Finance Minister has done a good job to keep confidence of everybody in the Indian economy and also tried to deal with budget deficit and still make efforts to increase growth rate," Paul, Chairman of the Caparo Group, said.

Budget 2013 will hit equities; fiscal deficit to be at 5%: Goldman

The investment bank, therefore, is not optimistic about the Government's ability to meet fiscal deficit target set at 4.8 percent of GDP for FY14.

Budget proposals will help widen distribution reach: Insurers

"Insurance broking is a specialised business and may require banks to develop additional skills. This move by the government will allow insurers to take advantage of the banks' distribution network," Tata AIG General Insurance CFO and Senior Vice-president-Finance Miranjit Mukherjee said.

Budget 2013 will woo more investors into MF sector

The mutual fund players have welcomed the Budget proposals to increase the income slab for the Rajiv Gandhi Equity Savings Scheme (RGESS) and allow pension and provident funds to invest in debt schemes, saying these steps will increase the depth of capital markets.

Rs 150 crore for development projects in Kudankulam

The protest-hit Kudankulam town was on Thursday allocated Rs 150 crore for carrying out various development works.

Budget looks to attract more investors to stock market

The government on Thursday unveiled a slew of measures to attract more investors to the stock market and making it easier for foreign entities to make investments.

Budget proposals will tackle economic challenges: Chandy

Welcoming the Union Budget proposals, Kerala CM Oommen Chandy on Thursday said it provided much relief to the common man and the needy.