Budget 2013

Nirbhaya Fund Remains Unspent. Happy Women's Day

Opinion | Derek O'Brien | Tuesday March 7, 2017

From 2013 to 2017, the Rs 3,000 crore in the Nirbhaya Fund has remained almost entirely unspent. In 2016 and 2017, the Finance Minister didn't even mention women's safety in his Budget speech. It's back to normal.

Budget 2016: Lalu Prasad Calls PM Modi A 'Dull Student'

India News | Press Trust of India | Monday February 29, 2016

Criticising the four-month compliance window announced for domestic black money holders in the Union budget, Rashtriya Janata Dal (RJD) supremo Lalu Prasad today called Prime Minister Narendra Modi "a dull student" who has been rusticated for "cheating and lying".

Rupee Hits New 30-Month Low, Closes at 68.72/Dollar

Press Trust of India | Thursday February 25, 2016

The rupee had hit its all-time closing low of 68.80 per dollar on August 28, 2013 after touching 68.85 during the intra-day trade on the same day.

Crimes Against Dalits, Tribals Up: Home Ministry Tells Parliament

India News | Written by Sudhi Ranjan Sen | Wednesday February 24, 2016

As the Lok Sabha debated Dalit Student Rohith Vemula's suicide and the circumstances that led to it on Wednesday, the Home Ministry told Parliament that crimes against members of the Scheduled Castes (SCs) and Scheduled Tribes (STs) had shown a "rising trend" between 2013 and 2014.

India's February Gold Imports Seen at Lowest Since 2013, High Prices Drag

Thomson Reuters | Tuesday February 23, 2016

India's overseas gold purchases are likely to hit a more than two-year low in February, as rising prices and hopes for a cut in import taxes keep buyers away, industry sources said.

French Ex-Budget Minister On Trial For Tax Fraud

World News | Agence France-Presse | Monday February 8, 2016

Former French budget minister Jerome Cahuzac, who resigned in disgrace in 2013 after admitting to having a secret Swiss bank account, goes on trial Monday for tax fraud.

Need to Change 2013 Land Acquisition Law for the Development of the Country, Especially the Villages: Arun Jaitley

India News | Press Trust of India | Saturday March 28, 2015

Even as it looked set to re-promulgate the Land Acquisition Ordinance, the government, on Saturday, insisted that it was not making it a "prestige" issue and was willing to have a discussion with opposition parties to sort out differences.

Top India Economic Forecasters See No Repeat of 2013 Sell-Off

Thomson Reuters | Thursday March 19, 2015

On Wednesday the Fed gave another signal, indicating it was a step closer to raising interest rates, expectations of which have already led to a 25 percent rally in the dollar against a basket of currencies since last summer.

David Beckham Post-Retirement: Guess How Much Money He Makes

Wednesday March 18, 2015

Beckham retired from football in May 2013, after a five-month stint with French club Paris Saint-Germain.

Emerging Markets Must Prepare for US Rate Hike: IMF's Lagarde

Thomson Reuters | Tuesday March 17, 2015

In a speech in Mumbai, Managing Director Christine Lagarde warned the so-called "taper tantrum" that slammed emerging markets in 2013 could be repeated.

Real Estate Bill Taking Shape, says Government

Wednesday February 18, 2015

The Bill, introduced in Rajya Sabha in 2013, seeks to protect home buyers.

Call for 'Proactive' Steps in Budget as IIP Dips, Inflation Rises

Thursday February 12, 2015

The growth in factory output, as measured by the Index of Industrial Production (IIP), in the month under review was, however, higher as compared to December, 2013 when it expanded by 0.1 per cent.

China Stocks Rally After Report on Easing of Loan-Deposit Ratio Rules

Thursday December 25, 2014

The China Business News report was circulated widely online on Thursday morning and financial stocks began a sharp rally when trading opened, helping to pull the CSI300 index up 2.6 per cent to 3,315.57 points as of the end of the morning session, while the Shanghai Composite Index gained 2.4 per cent to 3,043.50 points.

Government Targets 4% Agricultural Growth This Year After Bumper 2013 Crop

Friday July 11, 2014

Farm output in India, world No. 2 producer and consumer of an array of agricultural goods, grew at 4.7 per cent in the fiscal year to March 2014 after monsoon rains boosted the harvest, up from nearly 3 per cent a year over the past decade.

India Needs to Build on Rupee Stabilisation: Economic Survey

Wednesday July 9, 2014

Attributing the rupee fall in 2013 to frictional forces and speculations in the forex market, the Economic Survey has said the currency has stabilised, reflecting an overall sense of confidence, and that the government should build on this optimism to improve investment flows.

Steel Output Grew by 7.9% in Past 5 Years

Wednesday July 9, 2014

India ranked as the fourth largest crude steel producer in the world during 2013 after China, Japan and USA. During the last fiscal, the country had produced 81.54 million tonnes of crude steel clocking a four per cent increase over 2012-13.

Budget 2014: Government May Defer GAAR by a Year to Improve Business Sentiment

Friday June 27, 2014

The government is likely to defer implementation of General Anti-Avoidance Rules (GAAR) by one more year to April 2017 and exempt transactions made up to March 2013 in a bid to improve business sentiment.

No funds to give 50% waiver on power bills: Delhi government to court

Delhi News | Press Trust of India | Wednesday March 19, 2014

The city government on Tuesday told the Delhi High Court that the erstwhile Arvind Kejriwal-led cabinet's decision to give 50 per cent waiver on power arrears of people who did not pay their bills from October 2012 to December 2013 cannot be implemented due to non-allocation of funds for the same in the budget for 2013-14.

How to budget spending this Diwali

Saturday November 2, 2013

October and November are synonymous with festivity, as it brings together friends and families for Durga puja, Dussehra and Diwali. Though the joy and happiness of this festive season is unparalleled, the effect of not planning our finances during this period can impact personal finance in the later months.

US budget deficit down to $680 billion, lowest in 5 years

Thursday October 31, 2013

The US government said yesterday, that the deficit for the 2013 budget year totalled $680.3 billion, down from $1.09 trillion in 2012. That's the smallest imbalance since 2008, when the government ran a $458.6 billion deficit.

India will achieve revenue target in 2013-14: Chidambaram

Wednesday July 17, 2013

Asia's third-largest economy expects to mop up Rs. 13, 300 crore through direct taxes and Rs. 4,700 crore through indirect taxes in 2013/14, the federal budget document shows.

Andhra Pradesh government approves Girl Child Promotion Bill

South | Press Trust of India | Monday June 17, 2013

The Andhra Pradesh government on Monday finally approved the draft "Andhra Pradesh Girl Child Promotion and Empowerment Bill, 2013" a brainchild of Chief Minister N Kiran Kumar Reddy, paving way for its introduction in the ongoing Budget session.

Shorter-end bonds a rare bright spot in tough Indian markets

Wednesday March 27, 2013

A lacklustre 2013/14 Union Budget and the Reserve Bank of India turning gun-shy on interest rates have erased most of the strong debt gains this year, denting hopes that 2013 would be stellar for government bonds.

Rajya Sabha nod to Union Budget sans debate

Thursday March 21, 2013

Faced with paucity of time, Rajya Sabha today approved Union Budget 2013-14 without debate, a development witnessed perhaps for the first time which triggered protests from Opposition members.

Britain halves 2013 economic growth forecast to 0.6 per cent

Wednesday March 20, 2013

Britain today halved its economic growth forecast for 2013, blaming the ongoing impact of the eurozone debt crisis, Finance Minister George Osborne revealed in his annual budget.

No further hike in train reservation, cancellation charges: Pawan Bansal

Friday March 15, 2013

Railway Minister Pawan Kumar Bansal made it clear on Friday that there will be no further hike in the near future in reservation or cancellation charges, though cross subsidy from freight to passenger segment has touched Rs 25,000 crore.

India-Australia series to keep parliamentarian Sachin Tendulkar out

Press Trust of India | Friday March 15, 2013

Tendulkar has not attended the House for a single day in the ongoing Budget session and only one week is left for the first half to conclude on March 22.

Inflation must fall to 4-6 per cent; Budget may help: RBI

Thursday March 14, 2013

India's high inflation must come down to a 4 to 6 per cent range, Reserve Bank of India (RBI) governor Duvvuri Subbarao said on Wednesday, noting full implementation of this year's Budget will have a "softening impact" on price growth.

Pawan Bansal hints at further hike in railway booking and cancellation surcharge

Wednesday March 13, 2013

Justifying a recent hike in charges on various counts, Railway Minister Pawan Kumar Bansal on Wednesday hinted at further increase in surcharge on bookings and cancellations for balanced development of the country's largest transporter which has "limited resources".

Sony India hopes Xperia smartphones sales will top Rs. 3,500 crores

Press Trust of India | Tuesday March 12, 2013

Sony India has earmarked a mobile marketing budget of Rs. 300 crore for 2013 calendar year to create space for its Xperia brand of smartphones in the country.