BUDGET DOCUMENTS

  • Key to Budget Documents
  • Budget Highlights (Key Features)
  • Budget Speech
  • Budget at a Glance
  • Annual Financial Statement
  • Finance Bill
  • Memorandum
  • Receipt Budget
  • Expenditure Budget
  • Customs & Central Excise
  • The Macro Economic Framework Statement
  • The Medium Term Fiscal Policy Statement
  • The Fiscal Policy Strategy Statement
  • Statement of Revenue Foregone
  • Implementation of Budget Announcements

DETAILED BUDGET HIGHLIGHTS

  • Budget Highlights
  • Budget 2013-14: Bigger, but balanced

SECTORS

  • Rs37,330 cr for health and family welfare
  • Union Budget 2013-14: SUVs to cost more; 100 % import duty on luxury vehicles
  • Total withdrawal of excise duty proposed for hand-made carpets and textile floor coverings
  • Eligibility conditions proposed to be relaxed on LIC policies for disabled, others
  • Private FM radio services to be expanded to 294 cities
  • Allocation for agriculture up by 22 % to Rs27,049 cr
  • Public sector banks to get Rs14,000 cr to meet Basel III norms
  • Concessions in customs duty on leather
  • Union Budget 2013 -14: Duty on mobile phones raised; incentives for semiconductors, electronics
  • Union Budget 2013 -14: Post offices to be part of core banking
  • Union Budget 2013 -14: Bank run 'by women, for women' to be set up by October
  • Union Budget 2013-14: norms eased for FIIs in currency derivatives
  • Union Budget 2013-14: provides easier financing for road project

REACTIONS

  • Budget supports foreign investment: RBI
  • An exercise in cautious disappointment
  • A definite timeline for GST, DTC implementation was warranted
  • A Neutral budget!
  • Negative bias for oil and gas industry
  • Raising royalty tax may deter global MNCs
  • Good on intent
  • Realistic, encouraging and growth-oriented
  • A Responsible budget
  • Commodities transactions tax is like selective imposition of STT on shares
  • Responsible and realistic budget
  • Wind Industry gets a breather through GBI
  • SIAM welcomes the Budget
  • Budget does not provide desired impetus for domestic electrical industry: IEEMA
  • No incentives for telecom sector: COAI

COMMENT

  • India's sovereign rating unaffected by budget announcement: S&P
  • Lacks a cohesive grand plan
  • Neutral for consumer business companies
  • No technology-specific inccentives
  • Budget keeps fiscal targets; delivery, growth key: Fitch
  • Budget will compel MoD torationalise Procurements
  • Multiple pragmatic initiatives
  • Government missed incentivising telecom: Deloitte, Haskins and Sells
  • Chidambaram on budget eve

SPECIAL REPORTS

  • Budget drives down Sensex, Nifty to three-month lows
  • Thrust on institutions of excellence, education
  • Seven new cities planned on Delhi-Mumbai Industrial Corridor
  • Reduced tax rate proposed on investment in long term infrastructure bonds
  • Extension of benefit under section 80-D of IT Act proposed to similar schemes of central, state governments
  • FM moots scheme to encourage filing of IT returns by registered assessees
  • Union Budget 2013-14: Highlights of indirect tax proposals
  • Union Budget 2013-14: Direct and indirect tax proposals to yield Rs18,000 crore
  • Modified GAAR to come into effect from 2016
  • Work on DTC in progress: Chidambaram
  • Union Budget 2013-14: Incentives for household sector savings
  • Union Budget 2013-14: Chidambaram seeks to widen stock market investments
  • Fiscal deficit for 2012-13 estimated at 5.2 per cent: Chidambaram
  • Union budget 2013-14: Budgetary allocation for rural schemes up 46 %
  • Union Budget 2013-14: No revision in I-T slabs; 10% surcharge on super rich
  • Union Budget 2013 - 14: India to become business, investment-friendly: Chidambaram
  • Union Budget 2013-14: Rs1000 cr for women's safety
  • Union Budget 2013-14: government to float Rs50,000 crore tax-free bonds
  • Tax-saving equity scheme to have wider reach

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