Budget 2013 Live Highlights: Finance Minister P. Chidambaram says no review of income tax slabs, focus on infrastructure
be e-linked by this year-end
* Insurance companies will be empowered to open branches in Tier-II cities with approval of IRDA
* KYC in banks sufficient for acquiring insurance policy.
* PSU banks to have ATMs at all their branches by March 31, 2014.
* Incubators set up by companies in academic institutions will qualify for Corporate Social Responsibility (CSR) activities
* Financial Sector Legislative Reforms Commission (FSLRC) to submit its report next month
* Standing Council of Experts in Ministry of Finance to examine transaction cost of doing business in India
* Rs 14,000 crore capital infusion into public sector banks in 2013-14
* First housing loan up to Rs 25 lakh would get additional deduction of interest of up to Rs 1 lakh in 2013-14
* Policy on exploration of shale gas on the anvil; natural gas pricing policy will be reviewed and uncertainty removed
* Govt to set up India's first women's bank as a public sector bank by October
* Coal imports during Apr-Dec 2012 crossed 100 million tonnes and expected to go up to 185 million tonnes in 2016-17
* Rajiv Gandhi Equity Scheme will be liberalised to allow first time investor to invest in Mutal Fund and equity
* Rs 10,000 crore set aside for incremental cost for National Food Security Bill over and above food subsidy.
* Four Infrastructure debt fund have been registered
* Tax free bonds issue to be allowed up to Rs 50,000 crore in 2013-14 strictly on capacity to raise funds from the market,
* Rs 5,000 crore will be made available to NABARD to
