-The Business Standard The Union budget shows the charitable instincts of the government continuing to overwhelm it - though some would call it part inefficiency and part helplessness. The exemptions given to citizens on the tax they ought to pay have been exceeding the Plan expenditure, and even the total fiscal deficit as it did in 2012-13. This has prompted criticism from the Left parties and activists, who view it as evidence...
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Budget Is a Clever Attempt to Mislead Public: AAP
-Outlook Aam Aadmi Party today alleged that the Budget presented by Finance Minister P Chidambaram was a "clever attempt to mislead" public ahead of elections as it offered little remedy for the key problems facing the Indian economy. In a statement, the party claimed that the common man has reasons to feel "disappointed, if not cheated" with the Budget. "The Union budget presented by the Finance Minister is a clever attempt to mislead...
More »Budget 2013: Rs 150 crore for development projects in Kudankulam
-PTI The protest-hit Kudankulam town, where two 1,000 MW nuclear reactors are at an advanced stage of commissioning, was on Thursday allocated Rs 150 crore for carrying out various development works. Finance Minister P Chidambaram made the allocation for 'Neighbourhood Development Project (in Kudankulam)' in the Union budget. The amount has been set aside 'to provide relief and rehabilitation to project affected people of Kudankulam area in Tamil Nadu', the budget documents stated. The...
More »Budget has failed to address concerns of masses: Karat
-PTI Says sharp decline in fuel subsidies points to a hike in petrol and diesel prices to international levels CPI(M) general secretary Prakash Karat today said that the Union budget has "failed" to address the major concern of the masses and questioned the reason behind cutting oil subsidy and increasing the tax concession for the corporates. "There has been a sharp decline in petroleum subsidy, for diesel, petrol and other oil products....
More »Budget 2013: Super rich to pay more but no changes in income tax rates or slabs
-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...
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