Page 472 - Budget 2026 News

Skill development gets a boost in budget

A sum of Rs 1,000 crore was proposed to be allocated to a scheme of giving monetary rewards to students passing skill tests by NSDC

Budget could have delivered more for healthcare, pharma sectors

Healthcare and pharmaceutical industries today welcomed steps announced in the Budget to increase allotment on health and medical education.

Duty increase on steam coal may push up electricity tariff

Finance Minister P Chidambaram in his budget speech announced a hike in the basic customs duty on steam coal from present nil to 2% and countervailing duty (CVD) from 1% to 2%

'Tax on super-rich is a small move towards growth'

Business Standard's investment editor Puneet Wadhwa speaks to Sunil Singhania, Head of Equity, Reliance Capital, on Budget 2013

Budget will not impact India's sovereign ratings: S&P

However, warns that there is potential for govt to exceed its budgeted spending

Budget paves way for lowering twin deficits, says RBI

Says it supports both domestic and foreign investments

GDP growth at decade low figures in Q3

Quarterly GDP for Q3 is Rs. 14,11,594 crore, as against Rs. 13,51,252 crore in the third quarter

Post 17% increase MHRD to seek more funds to meet commitments

Education stocks didnot cheer allocation, scrips declined as much as 9% on the BSE today

Rupee drops 2% as FY14 Budget disappoints

The Budget increased spending despite keeping fiscal deficit targets in place

Govt extends tax deduction benefit for CGHS to other schemes

Donations made to the National Children's Fund will now be eligible for 100% deduction

Modified GAAR provision to be implemented from April 2016

Modified version of controversial General Anti Avoidance Rules (GAAR) provisions will come into effect from April 2016, Finance Minister P Chidambaram said today.

Infra cos get teaser, wait for full picture

FM expects Rs 55,00,000 cr investment in infra, 47% from private sector

Rs 14,000 crore for PSB recapitalisation

Extension of interest subvention scheme on farm loans to private banks will create a level playing field

India's overseas developmental projects expected to take a hit

Officials maintain 16.5% hike will not be sufficient to meet India's commitment for various projects abroad

Surcharge on big companies hiked to 10%

The Finance Minister in the Budget for 2013-14 also proposed increasing surcharge to 5%, from 2% at present, on foreign companies whose taxable income is above Rs 10 crore.

Govt unveils new farm schemes with outlay of over Rs 1,000 cr

It also enhanced funding for ongoing programmes such as Rashtriya Krishi Vikas Yojana and National Food Security Mission

Tax sops for MRO, equity for AI but budget fails to cheer aviation sector

Offered only little to the sector in form of easing tax waiver to maintenance repair overhaul units, Rs 5,000 cr equity support to Air India

Govt cash balance to cross Rs 1 lakh cr this fiscal: RBI

The government's cash balance is quite comfortable and as per the Budget estimate, it will increase by additional Rs 5,000 crore over the last year's closing balance

Politics of the budget

The opposition was unanimous in its criticism: that the 2013-14 budget had nothing for the poor, little for farmers and relied on tokenism for the benefit of women

Oil and gas sector unhappy with Budget

An increase in fee for technical services, withholding tax rate for royalty and increase in surcharge rates would push up overall cost for oil and gas companies