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Archive for the 'Budget' Category

Budget 2013 – Whats In There For the Young Generation?

Helping the youth through the budget will be my overreaching goal – Finance Minister Finance Minister, P.Chidambaram said that the main goal of the Union budget this year will be to create more and better opportunities for the country’s youth. Chidambaram said that the present current account deficit condition is a matter to worry about today more […]

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IRCTC To Revamp Infra; Will Support 7200 Ticket Sales Per Min. Compared To The Current 2000 – Rail Budget 2013


To combat with the problems related to the IRCTC website, Indian Railways will introduce a next generation E-ticketing system by the end of this year said Railway Minister, Pawan Kumar Bansal. The congestion problems with the IRCTC website in booking e-tickets has forced the Indian Railways to put in place a new hassle free next […]

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Budget 2013 – Give Incentives to Long Term Savings

According to Shikha Sharma, MD and CEO of Axis Bank, long term savings should be given more incentives. This covers broad based savings instruments such as pensions, insurance, and long term savings through bank deposits. In the last few years , it has been observed that the savings rate has declined to 30 per cent […]

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Budget For Newbies – 3 Funds In Which Union Budget Is Classified

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The Annual Financial Statement has a lot of jargons which is very difficult for a layman to understand. The Annual Budget, which is a 16 page document, provides all the details regarding the total receipts and expenditure of the government. Consolidated fund, Public Account and Contingency fund are the three parts in which the Annual […]

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3 Unusual Taxes That We Indians Have Been Paying For Long

As Mr. P. Chidambaram, the Finance Minister, is all set to present the budget speech for2013, one can just hope that no more unusual taxes are introduced by him this year. There is a list of many unusual taxes (distinct from tax on plain vanilla income) which were introduced in the past. One such tax […]

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Watch Union, Rail Budget 2013-14 Live Online

Unlike last year, this year the Union Budget 2013 – 2014 is on schedule and is expected to be announced on 28th February 2013 and will start from 11AM onwards. We have already told you about the most expected dates for this year’s Union Budget Session. If you won’t have an access to a television […]

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Rail Budget 2013 – 100 New Trains Including AC Double Deckers; 4200 New Coaches

Indian Rail AC Double Decker

The Railway Ministry has proposed to launch 100 new trains in the coming Railway Budget 2013-2014 including AC double deckers, new passenger services, as well as extension of services to meet the requirements and needs of the various states. According to reports, the announcement for the manufacturing of 4200 new coaches including 600 LHB coaches […]

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India Budget 2013 Expectations From McAfee Software

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McAfee Software has put forward a list of four key expectations from Union Budget 2013 – 2014 in India: There is a need for a clear-cut understanding around treating software as goods (subject to VAT) or as service (and subject to service tax). Minimum Alternate Tax levied on SEZs that severely affecting foreign investments in […]

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