Fiscal Deficit for the Year 2013-14 Estimated at 4.8 Per Cent, to be Brought Down to 3 Per Cent by 2016-17
Posted Date : 28-Feb-2013 , 01:52:24 pm | Posted By CASANSAAR
The fiscal deficit for the current year has been contained at 5.2 per cent and the fiscal deficit for the year 2013-14 is estimated at 4.8 per cent. Presenting the Budget 2013-14 in Parliament today, the Finance Minister Sh. P. Chidambaram said that the revenue deficit for the current year will...
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Modified Provisions of General Anti-Avoidance Rules(GAAR) to Come into Effect from 1ST April, 2016
Posted Date : 28-Feb-2013 , 01:51:04 pm | Posted By CASANSAAR
The Finance Bill 2013 proposes to bring the modified provisions of General Anti-Avoidance Rules (GAAR) into effect from 1.4.2016. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram said that Finance Act 2012 introduced GAAR. A number of representations were r...
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Benefit under Section 80-D of the Income Tax Act for CGHS Extended to Similar Schemes of the Central Government and State Governments
Posted Date : 28-Feb-2013 , 01:50:14 pm | Posted By CASANSAAR
The Finance Bill 2013 proposes extension of benefits under Section 80-D of the Income Tax Act to such schemes of the Central Govt and State Govts that are similar to Central Govt. Health Scheme(CGHS).
Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambar...
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Voluntary Compliance Encouragement Scheme’ Proposed to Motivate Defaulters to File Service tax Returns and Pay Dues
Posted Date : 28-Feb-2013 , 01:49:21 pm | Posted By CASANSAAR
To motivate about 10 lakh of those registered assesses of service tax, who are not filing returns and paying tax dues, the Finance Minister has proposed to introduce a one-time scheme called ‘Voluntary Compliance Encouragement Scheme’ in 2013-14 Budget proposals. Under this scheme a defa...
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Tax Administration Reforms Commission to be Set Up
Posted Date : 28-Feb-2013 , 01:37:38 pm | Posted By CASANSAAR
The Finance Bill 2013-14 proposes to set up a Tax Administration Reforms Commission(TARC). Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram said that proposed Commission will review the application of tax policies and tax laws.
TARC will submit pe...
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TDS at the Rate of 1 Percent Applied on the Value of Transfer of Immovable Property Exceeding Rs.50 Lakh
Posted Date : 28-Feb-2013 , 01:34:45 pm | Posted By CASANSAAR
The Finance Bill 2013-14 proposes levy of TDS at the rate of 1 percent on the value of the transfer of immovable property where the consideration exceeds Rs.50 lakh. However, agricultural land will be exempt.
Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.C...
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Final withholding Tax Levied at the Rate of 20 Per Cent
Posted Date : 28-Feb-2013 , 01:33:48 pm | Posted By CASANSAAR
The Finance Bill 2013-14 proposes levy of Final Withholding Tax at the rate of 20 per cent on profits distributed by unlisted companies to shareholders through buy-back of shares. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram said some tax avoidance arra...
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Rajiv Gandhi Equity Savings Scheme(RGESS) Liberalised
Posted Date : 28-Feb-2013 , 01:32:31 pm | Posted By CASANSAAR
The Finance Bill 2013-14 proposes liberalisation of the Rajiv Gandhi Equity Savings Scheme(RGESS) that was launched in FY 2012-13. The first time investors will now be allowed to invest in mutual funds as well as listed shares.
This investment can be done not in one year alone, but in thre...
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Banks to be infused with Rs 14,000 Crore Capital to meet basel III Norms-Financial inclusion on Bank Agenda
Posted Date : 28-Feb-2013 , 01:30:48 pm | Posted By CASANSAAR
The Finance Minister Shri P.Chidambaram has taken steps in the budget to ensure adequate capitalization of the public sector banks. The Public sector banks will be provided with an infusion of Rs 14,000 crore additional capital in 2013-14 budget estimates to enable them to meet the BASELIII norms.He...
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New Measures for Welfare of SC/ST, Women and Minorities
Posted Date : 28-Feb-2013 , 01:28:52 pm | Posted By CASANSAAR
Sharing the concerns of the Members of the House for the welfare of the scheduled castes and the scheduled tribes, the Finance Minister Shri P.Chidambaram announced that the Budget has sub plans for them and reiterated that the funds allocated to the sub plans cannot be diverted and must be spent fo...
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Rs. 5,87,082 Crore for States/ UTs under Tax Share, Non-Plan Grants, Loans and Central Assistance
Posted Date : 28-Feb-2013 , 01:25:36 pm | Posted By CASANSAAR
The Government is expected to transfer resources to the tune of Rs. 5,87,082 crore for States/ UTs under share of taxes, non-plan grants, loans and central assistance. Announcing this in Lok Sabha today while presenting the Budget 2013-14, the Finance Minister Shri P. Chidambaram said that central f...
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Direct Benefit Transfer Scheme to be Rolled out throughout the Country: Government Ensures “Aapka Paisa Aapke Haath” to the Poor
Posted Date : 28-Feb-2013 , 01:23:57 pm | Posted By CASANSAAR
February 28, 2013 Government is determined to plug in the leakages in the implementation of developmental programmes meant for the poor and the deprived of the country. To achieve this, the Government, which made a modest and cautious beginning on the 1st January, 2013, has announced rolling out of ...
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Government Pledges to Empower Women and Keep them Safe and Secure : Nirbhaya Fund of Rs. 1,000 Crores Announced
Posted Date : 28-Feb-2013 , 01:23:09 pm | Posted By CASANSAAR
Government has taken a number of initiatives and steps supporting such initiatives being taken by non-government organizations to ensure the dignity and safety of women. In the backdrop of incidences of violence against women which challenges liberal and progressive credentials of our country, the F...
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Union Budget 2013 - Live Updates
Posted Date : 28-Feb-2013 , 12:50:33 pm | Posted By CASANSAAR
Chidambaram closes with a Vivekananda quote, informing the House that all that was needed to do something is the will to do it.
"We are the 10th largest economy in the world. By 20176 we could become the 7th. By 2021 we could become a $ 5 trillion economy and in the top five. We could becom...
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Union Budget 2013 - Watch Live Telecast Online on casansaar.com
Posted Date : 28-Feb-2013 , 11:06:01 am | Posted By CASANSAAR
Hon'ble Finance Minister's Presentation of Union Budget in the Parliament on 28th Feb 2013 at 11:00 AM IST.
Watch Live Telecast of Union Budget 2013 at 11.00 AM IST.
Wait HERE for Live Telecast
...
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Finance Minister P Chidambaram to present Union Budget 2013-14 in Parliament today
Posted Date : 28-Feb-2013 , 08:25:17 am | Posted By CASANSAAR
UPA-II's last Budget may offer some sops to salary earners and households as Finance Minister P Chidambaram on Thursday will look to balance the compulsions of growth and fiscal prudence with election year politics.
The biggest challenge before Chidambaram, who will be presenting his eighth budget,...
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Summary of Economic Survey for 2013-14
Posted Date : 28-Feb-2013 , 07:43:12 am | Posted By CASANSAAR
More than 6 Per Cent Growth Forecast for Next Fiscal Considerable Enhancement for Social Sector Spending India on Verge of Creating Quality Jobs to Seize ‘Demographic Dividend’
Indian economy is likely to grow between 6.1% to 6.7% in 2013-14 as the downturn is ...
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Budget 2013: 10 things to expect from Economic Survey
Posted Date : 27-Feb-2013 , 08:14:09 am | Posted By CASANSAAR
1. Economic growth: Once considered a rising star in Asia, the Indian economy has lost its shine in recent years. Preliminary estimates released earlier this month by the Central Statistics Office of the government showed growth dwindled to an annual 5 per cent rate in the current fiscal year t...
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Highlights of Railway Budget 2013-14
Posted Date : 26-Feb-2013 , 03:03:10 pm | Posted By CASANSAAR
67 new Express trains to be introduced
26 new passenger services, 8 DEMU services and 5 MEMU services to be introduced
Run of 57 trains to be extended
Frequency of 24 trains to be increased
First AC EMU rake to be introduced on Mumbai suburban network i...
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Marginal Increase in Some Charges; Enhanced Reservation Fee Abolished
Posted Date : 26-Feb-2013 , 02:57:45 pm | Posted By CASANSAAR
The Minister of Railways Shri Pawan Kumar Bansal has announced to effect marginal increase in some charges which are in the form of compensation for cost actually incurred by Railways in rendering relevant services. While presenting Railway Budget for 2013-14 in Parliament today he said that th...
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Gross Traffic Receipts In 2013-14 Likely To Rise by Rs 18062 Crore Year 2013-14 To See Balance of Rs 12506 Crore
Posted Date : 26-Feb-2013 , 02:57:14 pm | Posted By CASANSAAR
The Minister of Railways Shri Pawan Kumar Bansal has said that a target of 1047 MT of revenue earning originating traffic has been kept for 2013-14, which is about 40 MT more than the current year. The freight earnings target has accordingly been set at Rs 93,554 crore, a growth of 9%. The numb...
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Outlay of Rs. 63,363 Crore Proposed in Rail Budget Operating Efficiency Likely to Improve to 87.8%
Posted Date : 26-Feb-2013 , 02:54:49 pm | Posted By CASANSAAR
An outlay Rs. 63,363 crore has been proposed for 2013-14 rail budget which will be financed through Gross Budgetary Support of Rs. 26,000 crore, Railway’s Share in Road Safety Fund of Rs. 2,000 crore and internal resources of Rs. 14,260 crore. Highlighting the importance of financially su...
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1.52 Lakh Vacancies in Railways to Be Filled up this Year
Posted Date : 26-Feb-2013 , 02:42:33 pm | Posted By CASANSAAR
The Minister of Railways Shri Pawan Kumar Bansal has announced that the Ministry of Railways will make concerted efforts to fill up approximately 1.52 lakh vacancies this year. While presenting Railways Budget for 2013-14 in Parliament today, he said that it is a measure of popularity of Railways as...
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67 New Express and 26 Passenger Trains to be Introduced
Posted Date : 26-Feb-2013 , 02:38:29 pm | Posted By CASANSAAR
The Minister of Railways Shri Pawan Kumar Bansal has announced the introduction of 67 new Express trains, 26 passenger trains, 5 MEMU services and 8 DEMU services while presenting the Railway Budget 2013-14 in Parliament today:-
Express trains
1. &...
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Educational Tourist Train ‘Azadi Express’ to be introduced
Posted Date : 26-Feb-2013 , 02:35:55 pm | Posted By CASANSAAR
The Minister of Railways Shri Pawan Kumar Bansal has said that he proposes to run an educational tourist train called ‘Azadi Express’ to enable youth of the country to travel to important places connected with the freedom movement. He said, the train will be made attractive and affordabl...
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Railway to Introduce Next Generation E-Ticketing System
Posted Date : 26-Feb-2013 , 02:34:56 pm | Posted By CASANSAAR
The Minister of Railways Shri Pawan Kumar Bansal has that his Ministry will put in place a Next Generation e-ticketing system to bring about a paradigm shift in internet rail ticketing. Presenting the Railway Budget for 2013-14 in Parliament today he said, the new system will significantly improve t...
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Railway budget 2013-14: Live Update
Posted Date : 26-Feb-2013 , 01:33:34 pm | Posted By CASANSAAR
With that, the Railway Minister has concluded his speech.
There will also be a marginal hike in reservation charges and cancellation charges.
Superfast charges and tatkal rates, though, will be hiked.
No passenger fare hike, the minister says, despite the rise in diesel price.
Bans...
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Rail Budget 2013-14 to be presented today
Posted Date : 26-Feb-2013 , 09:35:07 am | Posted By CASANSAAR
Union Railway Minister Pawan Kumar Bansal is set to present the Railway Budget 2013-14 in the Parliament on Tuesday amid expectations that several new trains and more passenger-friendly measures.
All eyes are on the Railway Minister as he presents his maiden Rail Budget as to whether...
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Rail Budget 2013-14 to be presented on Tuesday
Posted Date : 25-Feb-2013 , 08:36:51 am | Posted By CASANSAAR
Railway Budget 2013-14 will be presented in the Parliament by the Railway Minister Pawan Kumar Bansal on February 26, 2013, Tuesday.
This will be Bansal’s maiden Rail Budget and it is expected that he will announce the introduction of about 100 trains, including AC do...
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Akhilesh budget levies no new tax, gives boost to populist schemes
Posted Date : 20-Feb-2013 , 09:10:58 am | Posted By CASANSAAR
With an eye on the next Lok Sabha election — which Samajwadi Party (SP) president Mulayam Singh Yadav has already said may be held in September — Chief Minister Akhilesh Yadav substantially increased allocation for the populist schemes of his government in the state's...
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