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 Budget 2013 will woo more investors into MF sector
The mutual fund players have welcomed the Budget proposals to increase the income slab for the Rajiv Gandhi Equity Savings Scheme (RGESS) and allow pension and provident funds to invest in debt schemes, saying these steps will increase the depth of capital markets. |
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 Budget sparks confusion over treatment of some foreign funds
A day after worries over some budget proposals, notably on tax on capital gains made from investments routed through Mauritius and similar tax havens, doubts still remained, causing nervousness in the markets.
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 Budget evokes mixed reactions from market experts
Budget 2013-14 has received mixed reactions from stock market participants, with some terming it as "good for capital market", while others saying it is not "market friendly". |
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 Rural dev ministry gets Rs 80,194 crore budget allocation
Rural Development Ministry, which steers a number of flagship programme like MNREGA and PMGSY, has got an allocation of Rs 80,194 crore for 2013-14 fiscal. |
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 Govt announces scheme for making renewable energy cheaper
Terming as priority the promotion of clean and green energy, Finance Minister P Chidambaram Thursday announced a scheme for making of renewable energy cheaper by providing for low interest bearing funds. |
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 Work on DTC in progress, Bill in Budget session: FM
Finance Minister P Chidambaram Thursday said work on the Direct Tax Code (DTC) Bill, which seeks to overhaul income tax laws, is in progress and the amended Bill will be introduced in the ongoing Budget session. |
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Union Budget 2013: Rs 2,030 cr given for development of NE region
The Ministry of Development of North Eastern Region was on Thursday given an allocation of Rs 2,030 crore in the Union Budget, which is an increase of Rs 101 crore as against last year's outlay of Rs 1,929 crore. |
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 Women's share grows in Budget speech, literally
Words like inflation, deficit, investment, jobs and poor also found larger number of mentions in this year's budget speech, while words like crisis, slowdown, problems, uncertainties, and surprisingly growth, declined in the count. |
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 Chidambaram invokes poets, scholars in Budget speech
Unlike the Rail Budget two days ago, Chidambaram's speech in the Lok Sabha was heard with rapt attention and there were only a couple of minor disruptions. |
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 Duty-free import limit of jewellery via passn baggage raised
To prevent harassment to passengers , the government Thursday proposed increasing the limit of duty-free import of jewellery via passenger baggage to Rs 50,000 for males and Rs 1,00,000 for females.
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 Budget to have "very positive" impact on economy: Montek
Appreciative of the effort of the Finance Minister P Chidambaram to contain fiscal deficit to 5.2 percent, Planning Commission o Thursday said initiatives taken in the Budget will have "very positive" effects on economy. |
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 Need to import coal, adopt price pooling to meet demand: Govt
Keeping in view the fuel needs of the power sector, the government on Thursday said there was no other choice but to import coal and adopt a policy of blending the prices of domestic and imported coal. |
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 Budget 2013: Govt announces Rs 2,000-cr fund for scientific innovations
In a bid to boost scientific innovations that can improve the life of the common man, the government today announced setting up of a Rs 2,000-crore fund to help encourage and finance such products. |
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 Union Budget 2013: Defence Ministry gets 14% hike in budget
Today's allocation is up by Rs 25,169 crore from last year's revisited estimate of Rs 1,78,503 crore. The budget estimate was Rs 1,93,407 crore but Rs 14,904 crore was slashed by the Finance Ministry owing to the strain on the economy. |
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Union Budget 2013: Govt pegs FY'14 subsidy bill 11% lower than current fiscal
Aiming to bring down the fiscal deficit, Finance Minister P Chidambaram thur sought to reduce major subsidies on fuel, food and fertilisers by 11 percent to over Rs 2.20 lakh crore in 2013-14 fiscal compared to the revised estimates for the current fiscal. |
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