Page 475 - Budget 2026 News

Clarity on tax issues related to R&D centres in IT soon

The government will soon issue a circular to provide clarity on taxation matters with regard to research and development activities in the IT sector.

Mobile phones above Rs 2,000 set to cost more

Mobile phones are set to become costlier with Finance Minister P Chidambaram raising excise duty to 6% on handsets priced above Rs 2,000 in Budget 2013-14

Budget Impact: What Chidambaram hit & missed

Finance Minister disappoints the market, which expected another round of dream Budget which would propel investment and growth

CII hails Budget as growth and investment oriented

Industry body lauds Budget for addressing fiscal consolidation, and simultaneously focusing on inclusive and sustained human development

Govt pegs FY14 subsidy bill 11% lower than current fiscal

Interestingly, the revised estimates for this fiscal are higher by 38% compared to the budget estimate of Rs 1,79,554 crore.

Govt proposes compliance scheme for service tax defaulters

A defaulter may avail of the scheme on the condition that he files a truthful declaration of service tax dues since October 1, 2007 and makes the payment in one or two instalments before the prescribe

Grant of Rs 100 crore each for institutions of excellence

Also, private FM radio services to be expanded to 294 more cities; postal network to be revamped

SUVs, imported cars, high-end mobiles, eating out to cost more

However, branded apparel, carpets to become cheaper; more duty free gold to be allowed

Govt to set up a port each at Andhra Pradesh & West Bengal

At present there are 12 major ports in India

Carmakers reel from SUV tax hike in Budget

High interest rates and rising fuel costs combined with sluggish economic growth in India have slammed the brakes on India's car industry

Not an overambitious Budget, say experts

Experts agree that as long as the spending is on account of capital expenditure like infrastructure, one need not view the Budget negatively.

FM keeps gold import duty steady, for now

Govt could still raise duty if imports do not ease in response to a January hike to 6% from 4%

Govt to follow global practices to define FDI, FII

Seeking to end ambiguity, the government today proposed to follow the international practice with regard to defining foreign direct investment (FDI) and foreign institutional investors (FII).

Delhi Police budget allocation raised to Rs 4,455 cr

Increase aimed at imrpoving its training and infrastructure to provide better security to people

Southern states get two major infra projects in Budget

They are the $22.6 bn Chennai-Bangalore Industrial Corridor and Rs 7,500 crore project at Tuticorin

It's a good Budget, says India Inc

Industry calls Budget optimistic , while hoping the higher taxes on corporates last for only a year

Govt announces Rs 2,000 cr fund for scientific innovations

Asks National Innovation Council to formulate a scheme for the management and application of the fund

Road regulatory authority proposed in FY14 to settle issues

Finance Minister P Chidambaram in his budget speech today said that the road construction sector has reached a certain level of maturity but it faces challenges

Budget 2013-14 lost opportunity for Indian IT services sector

Says FM did not address its concerns, some announcement may have positive impact on industry

Defence Ministry gets 14% hike in Budget

FM promises more funds if required, Defence Minister A K Antony satisfied with the allocation