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How would you rate the Budget that the Finance Minister delivered on Feb 28, 2013?
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Top Stories FM begins work on rollout of Budget announcementsOfficials said this was the first time a finance minister had started acting on his Budget speech so swiftly Highlights
Expert Chat PanelExpert Views Budget allocation is enough for food security programme rollout: K V ThomasInterview with Food minister, India... Optimistic Budget jars with revenue realityIndia's sputtering economy must accelerate to roughly 6.5 to 7% growth from the current fiscal's expected 5%... Budget ReactionsHype, hope and hubrisThe Budget's fuzzy maths and poor-quality fiscal correction will compromise the much-needed macro recalibration... Rlys needs more steam for cargo edgeRise in freight rates, fuel adjustment component create new problems in presenting an advantage over road transportation... Budget & SectorsBudget NewsBudget ReactionsMarket ImpactBudget & FinancePublic sector banks to get Rs 11,200 cr in FY15State lenders must retain a significant portion of profits for capital, also raise it from market: FM... Govt-owned insurers opened 3,101 offices in rural and semi-urban areas: FMCompanies such as the New India Assurance are looking to have 1,000 micro offices by the end of this year... Budget & AutoTata Motors, General Motors India to reduce vehicle pricesBoth firms to pass on benefit of excise cut in Interim Budget to consumer... Duty cut on cars, 2-wheelers to boost engg goods export: EEPCGovt has proposed to cut duty on SUVs from 30% to 24%, and in large and mid-segment cars from 27-24% to 24-20%... Economic SurveyFiscal consolidation key to revive growthThe prescription from a team of advisers led by Chief Economic AdviserRaghuram Rajanwas to fix domestic economic problems... Mixed signals on industrial production: Economic SurveyIIP recovered in Oct 2012 showing 8.3% growth, however entered into negative zone in subsequent months There is room for further rate cuts by RBI: Economic SurveyInflationary pressures may make reduction in policy rates counterproductive Railway BudgetRlys skips reforms signalFreight rate raised 6%, basic fares left untouched, but reservation and cancellation charges hiked Freight rate gets a fuel linkRailway Minister Pawan Kumar Bansal today proposed to link freight charges to fuel prices, effective April 1, which will lead to an average rise of 5.8 per cent in freight rates. Cancellation, reservation & tatkal charges upThese should fetch the railways an extra Rs 881 crore in 2013-14 Glossary & Trivia |
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