Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

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        LATEST NEWS UPDATES | Budget 2013: Super rich to pay more but no changes in income tax rates or slabs    </title>
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Finance Minister P Chidambaram plans to get more income for the government by taxing the super-rich and the corporate sector even though he left untouched income tax rates and slabs. Chidamabaram allowed some relief for those who earn between Rs..."/>
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Finance Minister P Chidambaram plans to get more income for the government by taxing the super-rich and the corporate sector even though he left untouched income tax rates and slabs. Chidamabaram allowed some relief for those who earn between Rs..." />
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                            <div align="justify">-CNN-IBN<br /><br />Finance Minister P Chidambaram plans to get more income for the government by taxing the super-rich and the corporate sector even though he left untouched income tax rates and slabs. Chidamabaram allowed some relief for those who earn between Rs 2-5 lakh per year by announcing that they would be granted a tax credit of Rs 2000 and left most of the items untouched by not tinkering too much with excise and customs duties.<br /><br />Super rich will have to pay 10 per cent surcharge on incomes over 1 crore but just for one year while first time home loan customers with loans up to Rs 25 lakh get an additional exemption limit of Rs 1 lakh on interest. Imported high end luxury cars and SUVs, cigarettes, cigars, cheerots, silver, mobile phones priced above Rs 2000, dining in A/C restaurants and set-up boxes have become costly while cotton and spun yarn will be cheaper.<br /><br />&quot;Where can I go for income except to those who earn more? There are 42800 people in the country who earn more than 1 crore per annum and I propose a 10 per cent surcharge.<br /><br />I believe that there must be a little bit of Premji (Wipro Chairperson Azim Premji) in all and when I ask them to pay a little more only for a year the will do so cheerfully,&quot; said Chidambaram while presenting Union Budget 2013-14.<br /><br />But with an eye firmly on the Lok Sabha elections which are scheduled for early 2014, Chidambaram focused on rural India while the Budget in Parliament on Thursday. He announced that the Ministry of Rural Development will be given Rs 80,194 crore in 2013-14 while about Rs 33,000 crore has been allotted for MGNREGA even as he cautioned that Indian economy was not out of the woods.<br /><br />He announced that states which have completed Pradhan Mantri Gramin Sadak Yojana will be eligible for PMGSY-II, others will continue with PMGSY-I, which led to uproar from the Opposition benches. The Agriculture Ministry has been given Rs 27,049 crore and the average annual growth rate of agriculture and allied services is estimated at 3.6 per cent in 2012-13 when 250 MT foodgrains was produced, said Chidambaram.<br /><br />Admitting the Indian economy is still to get back on the track of fast growth, Finance Minister P Chidambaram while presenting Union Budget 2013-14 in Parliament on Thursday said that even though it remains a challenge but added that he was confident that the country would bounce back.<br /><br />Pointing out that food inflation is also a major cause of worry, he said that government will take steps on production side to control it. FDI, FII and external commercial borrowings are our choice and tight monetary policy is needed to contain inflation. We have to encourage foreign investments which are in accordance to meet the economic objectives. I have no choice but to rationalise expenditure,&quot; he said.<br /><br />&quot;Our economy has also slowed after 2010 and getting back to 8 per cent growth rate is a challenge for the country. Achieving high growth is not a novelty, we can do it again,&quot; said Chidambaram. Pointing that only China and Indonesia are growing at a rate faster than India, Chidamabaram added that there is no reason for gloom.<br /><br />While presenting the Budget, the Finance Minister said that achieving high growth is not a novelty and India can do it again. &quot;I seek support of this House and people of the country to navigate our economy in the time global economic crisis,&quot; he said while beginning the speech. <br /></div>                                                           
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    <h1 class="cat-box-title">Budget 2013: Super rich to pay more but no changes in income tax rates or slabs</h1>
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                            <div align="justify">-CNN-IBN<br /><br />Finance Minister P Chidambaram plans to get more income for the government by taxing the super-rich and the corporate sector even though he left untouched income tax rates and slabs. Chidamabaram allowed some relief for those who earn between Rs 2-5 lakh per year by announcing that they would be granted a tax credit of Rs 2000 and left most of the items untouched by not tinkering too much with excise and customs duties.<br /><br />Super rich will have to pay 10 per cent surcharge on incomes over 1 crore but just for one year while first time home loan customers with loans up to Rs 25 lakh get an additional exemption limit of Rs 1 lakh on interest. Imported high end luxury cars and SUVs, cigarettes, cigars, cheerots, silver, mobile phones priced above Rs 2000, dining in A/C restaurants and set-up boxes have become costly while cotton and spun yarn will be cheaper.<br /><br />&quot;Where can I go for income except to those who earn more? There are 42800 people in the country who earn more than 1 crore per annum and I propose a 10 per cent surcharge.<br /><br />I believe that there must be a little bit of Premji (Wipro Chairperson Azim Premji) in all and when I ask them to pay a little more only for a year the will do so cheerfully,&quot; said Chidambaram while presenting Union Budget 2013-14.<br /><br />But with an eye firmly on the Lok Sabha elections which are scheduled for early 2014, Chidambaram focused on rural India while the Budget in Parliament on Thursday. He announced that the Ministry of Rural Development will be given Rs 80,194 crore in 2013-14 while about Rs 33,000 crore has been allotted for MGNREGA even as he cautioned that Indian economy was not out of the woods.<br /><br />He announced that states which have completed Pradhan Mantri Gramin Sadak Yojana will be eligible for PMGSY-II, others will continue with PMGSY-I, which led to uproar from the Opposition benches. The Agriculture Ministry has been given Rs 27,049 crore and the average annual growth rate of agriculture and allied services is estimated at 3.6 per cent in 2012-13 when 250 MT foodgrains was produced, said Chidambaram.<br /><br />Admitting the Indian economy is still to get back on the track of fast growth, Finance Minister P Chidambaram while presenting Union Budget 2013-14 in Parliament on Thursday said that even though it remains a challenge but added that he was confident that the country would bounce back.<br /><br />Pointing out that food inflation is also a major cause of worry, he said that government will take steps on production side to control it. FDI, FII and external commercial borrowings are our choice and tight monetary policy is needed to contain inflation. We have to encourage foreign investments which are in accordance to meet the economic objectives. I have no choice but to rationalise expenditure,&quot; he said.<br /><br />&quot;Our economy has also slowed after 2010 and getting back to 8 per cent growth rate is a challenge for the country. Achieving high growth is not a novelty, we can do it again,&quot; said Chidambaram. Pointing that only China and Indonesia are growing at a rate faster than India, Chidamabaram added that there is no reason for gloom.<br /><br />While presenting the Budget, the Finance Minister said that achieving high growth is not a novelty and India can do it again. &quot;I seek support of this House and people of the country to navigate our economy in the time global economic crisis,&quot; he said while beginning the speech. <br /></div>                                                           
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        LATEST NEWS UPDATES | Budget 2013: Super rich to pay more but no changes in income tax rates or slabs    </title>
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Finance Minister P Chidambaram plans to get more income for the government by taxing the super-rich and the corporate sector even though he left untouched income tax rates and slabs. Chidamabaram allowed some relief for those who earn between Rs..."/>
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    <h1 class="cat-box-title">Budget 2013: Super rich to pay more but no changes in income tax rates or slabs</h1>
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                            <div align="justify">-CNN-IBN<br /><br />Finance Minister P Chidambaram plans to get more income for the government by taxing the super-rich and the corporate sector even though he left untouched income tax rates and slabs. Chidamabaram allowed some relief for those who earn between Rs 2-5 lakh per year by announcing that they would be granted a tax credit of Rs 2000 and left most of the items untouched by not tinkering too much with excise and customs duties.<br /><br />Super rich will have to pay 10 per cent surcharge on incomes over 1 crore but just for one year while first time home loan customers with loans up to Rs 25 lakh get an additional exemption limit of Rs 1 lakh on interest. Imported high end luxury cars and SUVs, cigarettes, cigars, cheerots, silver, mobile phones priced above Rs 2000, dining in A/C restaurants and set-up boxes have become costly while cotton and spun yarn will be cheaper.<br /><br />&quot;Where can I go for income except to those who earn more? There are 42800 people in the country who earn more than 1 crore per annum and I propose a 10 per cent surcharge.<br /><br />I believe that there must be a little bit of Premji (Wipro Chairperson Azim Premji) in all and when I ask them to pay a little more only for a year the will do so cheerfully,&quot; said Chidambaram while presenting Union Budget 2013-14.<br /><br />But with an eye firmly on the Lok Sabha elections which are scheduled for early 2014, Chidambaram focused on rural India while the Budget in Parliament on Thursday. He announced that the Ministry of Rural Development will be given Rs 80,194 crore in 2013-14 while about Rs 33,000 crore has been allotted for MGNREGA even as he cautioned that Indian economy was not out of the woods.<br /><br />He announced that states which have completed Pradhan Mantri Gramin Sadak Yojana will be eligible for PMGSY-II, others will continue with PMGSY-I, which led to uproar from the Opposition benches. The Agriculture Ministry has been given Rs 27,049 crore and the average annual growth rate of agriculture and allied services is estimated at 3.6 per cent in 2012-13 when 250 MT foodgrains was produced, said Chidambaram.<br /><br />Admitting the Indian economy is still to get back on the track of fast growth, Finance Minister P Chidambaram while presenting Union Budget 2013-14 in Parliament on Thursday said that even though it remains a challenge but added that he was confident that the country would bounce back.<br /><br />Pointing out that food inflation is also a major cause of worry, he said that government will take steps on production side to control it. FDI, FII and external commercial borrowings are our choice and tight monetary policy is needed to contain inflation. We have to encourage foreign investments which are in accordance to meet the economic objectives. I have no choice but to rationalise expenditure,&quot; he said.<br /><br />&quot;Our economy has also slowed after 2010 and getting back to 8 per cent growth rate is a challenge for the country. Achieving high growth is not a novelty, we can do it again,&quot; said Chidambaram. Pointing that only China and Indonesia are growing at a rate faster than India, Chidamabaram added that there is no reason for gloom.<br /><br />While presenting the Budget, the Finance Minister said that achieving high growth is not a novelty and India can do it again. &quot;I seek support of this House and people of the country to navigate our economy in the time global economic crisis,&quot; he said while beginning the speech. <br /></div>                                                           
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Budget 2013: Super rich to pay more but no changes in income tax rates or slabs

Published on Feb 28, 2013   Modified on Feb 28, 2013

-CNN-IBN Finance Minister P Chidambaram plans to get more income for the government by taxing the super-rich and the corporate sector even though he left untouched income tax rates and slabs. Chidamabaram allowed some relief for those who earn between Rs 2-5 lakh per year by announcing that they would be granted a tax credit of Rs 2000 and left most of the items untouched by not tinkering too much with excise and customs duties. Super rich will have to pay 10 per cent surcharge on incomes over 1 crore but just for one year while first time home loan customers with loans up to Rs 25 lakh get an additional exemption limit of Rs 1 lakh on interest. Imported high end luxury cars and SUVs, cigarettes, cigars, cheerots, silver, mobile phones priced above Rs 2000, dining in A/C restaurants and set-up boxes have become costly while cotton and spun yarn will be cheaper. "Where can I go for income except to those who earn more? There are 42800 people in the country who earn more than 1 crore per annum and I propose a 10 per cent surcharge. I believe that there must be a little bit of Premji (Wipro Chairperson Azim Premji) in all and when I ask them to pay a little more only for a year the will do so cheerfully," said Chidambaram while presenting Union Budget 2013-14. But with an eye firmly on the Lok Sabha elections which are scheduled for early 2014, Chidambaram focused on rural India while the Budget in Parliament on Thursday. He announced that the Ministry of Rural Development will be given Rs 80,194 crore in 2013-14 while about Rs 33,000 crore has been allotted for MGNREGA even as he cautioned that Indian economy was not out of the woods. He announced that states which have completed Pradhan Mantri Gramin Sadak Yojana will be eligible for PMGSY-II, others will continue with PMGSY-I, which led to uproar from the Opposition benches. The Agriculture Ministry has been given Rs 27,049 crore and the average annual growth rate of agriculture and allied services is estimated at 3.6 per cent in 2012-13 when 250 MT foodgrains was produced, said Chidambaram. Admitting the Indian economy is still to get back on the track of fast growth, Finance Minister P Chidambaram while presenting Union Budget 2013-14 in Parliament on Thursday said that even though it remains a challenge but added that he was confident that the country would bounce back. Pointing out that food inflation is also a major cause of worry, he said that government will take steps on production side to control it. FDI, FII and external commercial borrowings are our choice and tight monetary policy is needed to contain inflation. We have to encourage foreign investments which are in accordance to meet the economic objectives. I have no choice but to rationalise expenditure," he said. "Our economy has also slowed after 2010 and getting back to 8 per cent growth rate is a challenge for the country. Achieving high growth is not a novelty, we can do it again," said Chidambaram. Pointing that only China and Indonesia are growing at a rate faster than India, Chidamabaram added that there is no reason for gloom. While presenting the Budget, the Finance Minister said that achieving high growth is not a novelty and India can do it again. "I seek support of this House and people of the country to navigate our economy in the time global economic crisis," he said while beginning the speech.

CNN-IBN, 28 February, 2013, http://ibnlive.in.com/news/budget-2013-economys-slow-growth-a-challenge-but-no-reason-for-gloom-says-chidambaram/375613-7-255.html

Tagged with: Taxation Budget economy

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