Page 474 - Budget 2026 News
Budget lays roadmap for investment: PM
Expresses confidence of returning to 8% growth within three years
 "Budget lays roadmap for investment: PM")
Tax credit of Rs 2,000 for persons with income up to Rs 5 lakh
Move to benefit 1.8 crore tax payers, entails a revenue sacrifice of Rs 3,600 crore
 "Tax credit of Rs 2,000 for persons with income up to Rs 5 lakh")
TDS on property transaction very disappointing: RK Arora
CMD of Supertech Industries says this announcement is likely to create a recession in the market
 "TDS on property transaction very disappointing: RK Arora")
Rs 7,500 crore project to be taken up at Tuticorin port: FM
The Minister also said a new port will come at Andhra Pradesh
 "Rs 7,500 crore project to be taken up at Tuticorin port: FM")
Budget 2013: Chidambaram calls for tough choices but lifts spending
Budget expenditure is Rs 16,65,297 cr and Plan expenditure Rs 5,55,322 cr
 "Budget 2013: Chidambaram calls for tough choices but lifts spending")
Budget 2013: Farm credit enhanced by Rs 1.25 lakh crore for FY14
Allocates additional Rs 10,000 crore in subsidy for implementing Food Security Bill
Tax sops in RGESS extended to 3 years: Chidambaram
Limit for investors wanting to invest in RGESS has been raised to Rs 12 lakh from Rs 10 lakh earlier
 "Tax sops in RGESS extended to 3 years: Chidambaram")
Fiscal deficit for 2012-13 estimated at 5.2%: Chidambaram
Proposes to bring it down to 4.8% by 2013-14 and 3% by 2016-17
Govt to set up Road Regulatory Authority
Financial stress, enhanced construction risk & contract management issues are best addressed by an independent authority
 "Govt to set up Road Regulatory Authority")
First all-women bank by Oct: Chidambaram
Govt has announced an initial capital of Rs 1,000 crore for the purpose
 "First all-women bank by Oct: Chidambaram")
Electronics chip maker plants to get incentives: FM
Government today announced zero customs duty for equipments required for setting up semiconductor (electronic chips) plant
 "Electronics chip maker plants to get incentives: FM")
Budget 2013-14: Chidambaram's 8th; India's 82nd
Chidambaram presented the Union Budget for the eighth time, the second-highest by any Finance Minister
Excise duty on SUVs hiked, 100% import duty on luxury vehicles
Hikes import duty on motorcycles with engine capacity of 800 cc or more to 75%; yachts to 25%
 "Excise duty on SUVs hiked, 100% import duty on luxury vehicles")
FM announces 'Nirbhaya Fund' for safety, empowerment of women
Pays tribute to Delhi gang-rape victim, says government will contribute Rs 1,000 crore to the fund
 "FM announces 'Nirbhaya Fund' for safety, empowerment of women")
Banks can act as insurance brokers: FM
However, the move comes at a time when bancassurance norms underlining the same reform is still under discussion before Irda
Transaction tax on non-agri futures trade introduced
The commodity transaction tax (CTT), which is in similar lines of Securities Transaction tax (STT), would work out to Rs 10 for transaction worth Rs one lakh
First time home buyers to get additional tax break of Rs 1 lakh
Tax break will be over and above the Rs 1.5 lakh deduction allowed for self-occupied properties under section 24 of Income-tax Act
 "First time home buyers to get additional tax break of Rs 1 lakh")
FM ignores mineral sector; iron ore exports set to fall further
The finance minister has not addressed the mining industry's request for a reduction in export duty on iron ore fines to 5% from the existing 30%
 "FM ignores mineral sector; iron ore exports set to fall further")
Post offices allocated Rs 532 crore for IT modernisation
Government has allocated Rs 532 crore for IT Modernisation project of Post offices which are gearing up to offfer core banking sevices.
Respite for foreign investors; norms simplified, uniform KYC
Finance Minister P Chidambaram today said procedures for overseas investors would be simplified besides having uniform KYC norms for them.
 "Respite for foreign investors; norms simplified, uniform KYC")