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

road sector

* Many manufacturing projects stalled due to regulatory process: FM.

* A company investing Rs 100 crore or more in plant and machinery in April 1, 2013 to March 31, 2015 will be allowed 15 per cent investment deduction allowance apart from depreciation.

* To provide appropriate incentives for semiconductors industry including zero customs duty on plants and machineries.

* Rajiv Gandhi Equity Scheme will be liberalised to allow first time investor to invest in Mutal Fund and equity.

* First housing loan up to Rs 25 lakh would get additional deduction of interest of up to Rs 1 lakh in 2013-14, says FM

* Govt to construct power transmission system from Srinagar to Leh at the cost of Rs 1,840 crore, Rs 226 crore provided in current Budget: FM

* We have brought down headline WPI inflation to 7 per cent and core inflation to 4.2 per cent. Food inflation is worrying: FM

* Rs 7 lakh crore target fixed for agri credit for 2013-14 compared to Rs 5.75 lakh crore in the current year.

* Eastern Indian states to get Rs 1,000 crore allocation for improving agricultural production.

* Rs 500 crore allocated for programme on crop diversification.

* Green revolution in east India significant. Rice output increased in Assam, Odisha, Jharkhand and West Bengal; Rs 1,000 crore allocated for eastern states.

* Rs 5,387 crore to be allocated for integrated watershed programme for farmers in 2013-14, an increase from Rs 3,050 crore in the current fiscal.

* Indian Institute of Biotechnology will be set

... 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.