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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.

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.

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.

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.

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.

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.

Attractive 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 deficit

During 2012-13, the government borrowed Rs 4,67,384.06 crore from the market.

Govt 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.

Women's share grows in Budget speech, literally

Words like inflation, deficit, investment, jobs and poor also found larger number of mentions in this year's budget speech, while words like crisis, slowdown, problems, uncertainties, and surprisingly growth, declined in the count.

Special 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 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.

Budget to have "very positive" impact on economy: Montek

Appreciative of the effort of the Finance Minister P Chidambaram to contain fiscal deficit to 5.2 percent, Planning Commission o Thursday said initiatives taken in the Budget will have "very positive" effects on economy.

Budget paves way for lowering twin deficits: RBI

The central bank said the government's net market borrowing target of around Rs 5 lakh crore (budget estimate for the next fiscal is Rs 4.84 lakh crore) is manageable.