Budget 2013 Live: Chidambaram says no review of Income Tax slabs for this year

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Express news service :New Delhi, Feb 28 2013, 11:18 IST
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and moved from profit sharing to revenue sharing: FM.

* Policy on exploration of shale gas on the anvil; natural gas pricing policy will be reviewed and uncertainty removed: FM.

* Coal imports during Apr-Dec 2012 crossed 100 million tonnes and expected to go up to 185 million tonnes in 2016-17, says FM.

* 5 million tons Dabhol LNG import terminal to be operate at full capacity in 2013-14.

* FM asks state governments to prepare financial restructuring plan for power distribution companies at the earliest.

* SIDBI's re-financing facility to MSMEs to be doubled to Rs 10,000 crore, says FM

* Incubators set up by companies in academic institutions will qualify for Corporate Social Responsibility (CSR) activities, says FM

* Rs 500 crore would be allocated for addressing environmental issues faced by textile industry: FM

* Concessional six per cent interest on loans to weavers.

* Average economic growth rate in 11th Plan period is 8 per cent, highest ever in any Plan period: FM

* Economic space constrains due to high fiscal deficit, lower savings and investment and tight monetary policy: FM

* Current account deficit continues to be high due to excessive dependence on oil, coal and gold imports and slowdown in exports.

* India does not have choice between welcoming and spurning foreign investment; it is an imperative: Chidambaram

* Battle against inflation must be fought at all fronts: FM

* Faced with huge fiscal deficit, I have no choice but to rationalise expenditure: FM

* Government has decided to constitute a regulatory authority for the

... contd.

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Reader's Comments (5)| Post a Comment

What A Crap Budget

Jignesh | 28-Feb-2013Reply | Forward
Does FM understands the pressure of salaried employees?? What a crap... just Rs.2000 credit on your Taxes....Thats it... this is what Mr.Chidambaram had for middle class peoples?? Shame that such peoples are being voted & elected to represent common man.. Shame on Congress...

Budget with no hopes

Lokesh | 28-Feb-2013Reply | Forward
Nothing has been done to boost up demand or increase production of goods & services . He totally missed hospitality which can help the country to gain those valuable dollars and help in increasing the employment. When will we stop believing that hotels and hospitality are not luxury but a great way to increase the image and foreign exchange .

personal income tax limit

Sivan | 28-Feb-2013Reply | Forward
Mr.Chidhambaram dosen't understand the dificulties of middleclass salaried people. House rent, Transportation charges has gone up 10 times more, but still Rs.800 will be allowed for tax exemption for transportation but every month they increase petrol & diesel prices. All salaried class people should not vote for congress in future elections.Its our biggest mistake to vote congress in the past.

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