Rs 5,000 cr plan outlay for Air India in Budget

Last Updated: Thursday, February 28, 2013, 17:42

Duty concessions on import of spare parts and testing equipment for aircraft MRO industry were granted in the Union budget Thursday, as the government proposed to provide a plan outlay of Rs 5,000 crore in Air India in the next financial year.

Budget 2013: Agro-based Cos happy, edible oil industry disappointed

Last Updated: Thursday, February 28, 2013, 17:40

Even as the annual budget brought cheers to Agro-based companies, the edible oil extraction industry expressed disappointed over their issue of import duty structured anomalies on crude and refined palm oil not being addressed.

Govt expects lower revenue of 19K cr from spectrum, other fee

Last Updated: Thursday, February 28, 2013, 17:36

Government expects a lower revenue of Rs 19,440.67 crore from spectrum sale and other related charges in 2012-13, compared to Rs 58,217 crore estimated in the budget for 2012-13.

Union Budget 2013-14: Dearer & Cheaper

Last Updated: Thursday, February 28, 2013, 13:31

The list of cheaper and dearer items announced in the Union Budget 2013-14 are:

Union Budget 2013: Fiscal deficit for 2012-13 estimated at 5.2%, says Chidambaram

Last Updated: Thursday, February 28, 2013, 12:47

The fiscal deficit for the current financial year has been contained at 5.2 percent of GDP, lower than 5.3 percent as was targeted, Finance Minister P Chidambaram said Thursday.

Union Budget 2013: Govt will make India business, investment-friendly, says Chidambaram

Last Updated: Thursday, February 28, 2013, 12:16

India welcomes foreign capital for growth and easing the high current account deficit, and the government will do everything to clearly communicate its policies that facilitate overseas investment, Finance Minister P. Chidambaram said Thursday.

Union Budget 2013-14: UPA believes in inclusive growth, says Chidambaram

Last Updated: Thursday, February 28, 2013, 11:59

Finance Minister P. Chidambaram on Thursday said the Congress-led UPA Government believes in inclusive growth with emphasis on improving the human development index.

Union Budget 2013: No need for gloom, says Chidambaram

Last Updated: Thursday, February 28, 2013, 11:53

"We have done it before, and we can do it again," Chidambaram said, in what was his eighth budget for the country. "Whatever may be the final outcome, growth is below potential. But there is no need for gloom."

Union Budget 2013: Chidambaram to present India's 82nd budget, personal 8th

Last Updated: Wednesday, February 27, 2013, 20:36

Finance Minister P. Chidambaram is set to present India's 82nd national budget in the Lok Sabha Thursday that will be the eighth such personal exercise for him -- two short of the record of 10 set by former Prime Minister Morarji Desai.

Union Budget for 2013-14: Sweet or bitter?

Last Updated: Wednesday, February 27, 2013, 18:36

Deep in the bowels of the imposing North Block here, scores of men have been busy making 'halwa' -- sweet or bitter will only be known when Finance Minister P Chidambaram unveils the Union Budget on Thursday.