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Full Coverage: 2012-13 Union Budget

Rail Budget 2013: Will P K Bansal bite the bullet on fare hike?

Cash-strapped Railways had effected passenger fare hike across the board by 21% on Jan 22.

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Rail Budget 2013-14: Railways to launch 100 trains
The focus of the Rail Budget this year is on providing more amenities to passengers.
Pranab defence: Retrospective changes should not be done but...
...makes a strong case for his Budget proposal to amend the Income Tax Act.
Budget: Buying of houses to cost more
Key raw materials cement and steel to cost more; service tax hiked by 2 per cent.
Union Budget 2012-13: Lost chance
Budget achieve fiscal consolidation without expenditure control but via the taxman�s knock.
Leaks galore, but politics stops FM from plugging them all
After Assembly rout, Finance Minister seeks to reach out to the middle class
Ballooning subsidies throw targets amiss
Fiscal deficit touches 5.9% of GDP in 2011-12 on the back of increasing subsidies, oil price volatility and lower than expected revenue
When borrowing drives out capital
Government needs to manage debt well, if investments have to expand
Deficit goalpost pushed to FY�15
FRBM amendments propose flexibility in creating cushion for unforeseen contingencies
Pensions, NREGS funds via Aadhar
The step will benefit 12 crore farmer families, while reducing expenditure on subsidies by curtailing misuse of fertilisers.
Pvt investment key to growth
Inflation to moderate and stabilise; help growth rebound
Agri schemes streamlined into missions
Proposals aim to woo private investment in agriculture sector
Hard look at subsidies; diesel, fertiliser price decontrol likely
Fiscal consolidation calls for efforts both to raise the tax-GDP ratio and to lower the expenditure.
No free drugs, but 50% hike in allocation for ICDS
Six life-saving drugs get full exemption from excise duty, big chunk for NHRM
19% increase for education sector
The education sector has attracted a near 19 per cent hike in its budgetary allocation, and it is schools and flagship projects that continue to retain top focus
Ailing airlines get $1 bn ECB breather
Proposal to allow foreign carriers to invest up to 49% in domestic carriers under Cabinet consideration
Excise sop for garments, customs waiver for looms
The Budget also announced two more handloom clusters in Andhra Pradesh and Jharkhand, along with a powerloom mega cluster in Maharashtra with an allocation of Rs 70 crore.
Advantage high-income group
There is more to cheer for those who earn more. Individuals with an annual income of Rs 10 lakh or more will end up saving a neat Rs 22,660. Those who earn up to Rs 8 lakh will save just Rs 2,060. No additional sops for senior citizens and women this time around
Small hike for small cars, big for bigger
12% excise duty on small cars, 22-24% on vehicles with bigger engine & length
STT slashed, but market says it�s too little
Securities transaction tax reduced by 20 per cent, from 0.125 per cent to 0.1 per cent, on cash delivery transactions

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