Last Updated: Monday, February 17, 2014, 16:44
Even before P Chidambaram had walked into the Lok Sabha, the Finance Ministry had given clear indications that tax slabs will not be changed and that there was likely to be only minor tinkering with excise duties.
Last Updated: Monday, September 30, 2013, 20:00
The Finance Ministry has started preparations for Budget 2014-15 by asking different central ministries and departments to come out with their estimates of receipts as well as expenditure for the next financial year.
Last Updated: Tuesday, April 30, 2013, 14:31
The passage of the General and Railway budgets was rushed through as the guillotine had to applied to meet the constitutional requirements.
Last Updated: Friday, March 01, 2013, 12:04
Income Tax slabs have been left untouched this year, as these were introduced only last year.
Last Updated: Thursday, February 28, 2013, 19:19
Finance Minister P Chidambaram Thursday said work on the Direct Tax Code (DTC) Bill, which seeks to overhaul income tax laws, is in progress and the amended Bill will be introduced in the ongoing Budget session.
Last Updated: Thursday, February 28, 2013, 18:57
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.
Last Updated: Thursday, February 28, 2013, 18:49
India Inc Thursday gave a thumbs up to the UPA-II's last Union Budget before the general elections next year and said Finance Minister P Chidambaram presented a "bold" and "growth-oriented" Budget.
Last Updated: Thursday, February 28, 2013, 18:47
Unlike the Rail Budget two days ago, Chidambaram's speech in the Lok Sabha was heard with rapt attention and there were only a couple of minor disruptions.
Last Updated: Thursday, February 28, 2013, 18:44
To prevent harassment to passengers , the government Thursday proposed increasing the limit of duty-free import of jewellery via passenger baggage to Rs 50,000 for males and Rs 1,00,000 for females.
Last Updated: Thursday, February 28, 2013, 18:36
The government will soon issue a circular to provide clarity on taxation matters with regard to research and development activities in the IT sector.
Last Updated: Thursday, February 28, 2013, 18:33
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.
Last Updated: Thursday, February 28, 2013, 17:54
Tourism sector got a fillip in the Union Budget with the allocation to the tourism ministry hiked by Rs 87.66 crore.
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