Union budget: 2013-14
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
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