Budget News

SME News, Thursday, Mar 21, 2013
NEW DELHI:  With an eye to the Delhi assembly elections scheduled for later this year, Chief Minister Sheila Dikshit Wednesday presented a Rs.37,450 crore budget for 2013-14 fiscal with no fresh taxes.   The budget allots Rs.16,000 crore for plan expenditure, Rs.21,000 crore ...

SME News, Tuesday, Mar 19, 2013
PANAJI:  After exempting petrol from Value Added Tax (VAT), Goa Chief Minister Manohar Parrikar on Monday excluded sanitary napkins and diapers from the tax.   Parrikar, who presented his budget in the assembly on Monday, said that the decision had been taken to "ensure ...

SME News, Monday, Mar 18, 2013
HYDERABAD:  Hike in allocations for welfare and other social services sectors and marginal increase in economic services were the highlights of 2013-14 budget of Andhra Pradesh.   Presenting its last budget before next year's elections, the Congress government hiked the ...

SME News, Thursday, Mar 14, 2013
SHIMLA:  Unemployed educated youth in Himachal Pradesh will get a monthly skill development allowance of Rs.1,000 while no new taxes have been proposed in the Rs.21,767 crore budget for 2013-14 presented by Chief Minister Virbhadra Singh on Thursday.   There was also no ...

SME News, Wednesday, Mar 13, 2013
THIRUVANANTHAPURAM:  The forthcoming budget session of the Kerala assembly is set to begin on Friday. State Finance Minister K.M. Mani is set to present his 11th budget.   Speaker G. Karthikeyan told reporters here on Wednesday that the session would begin on Friday and end ...

SME News, Wednesday, Mar 13, 2013
KOLKATA:  West Bengal's opposition CPI-M on Tuesday dubbed the budget presented by the Trinamool Congress government for 2013-14 as "puzzling", saying advance estimates made in state GDP growth rate and employment figures are ...

SME News, Tuesday, Mar 12, 2013
KOLKATA:  Praising the West Bengal budget presented on Monday, Chief Minister Mamata Banerjee termed it as an effort to "grow trees in a desert".   Assailing the erstwhile Left Front government for leaving the state coffers empty, Banerjee said: "They borrowed ...

SME News, Tuesday, Mar 12, 2013
GUWAHATI: The Assam budget for 2013-14 was presented yesterday. It recommended improving state highways, enhancing infrastructure in the state, and starting a metro rail project for Guwahati.   The metro rail project would cost an approximate Rs 1,800 crore. The budget was presented by Tarun ...

SME News, Tuesday, Mar 12, 2013
KOLKATA:  In an effort to mop up additional revenue for the debt-stressed state, West Bengal Finance Minister Amit Mitra on Monday raised both the minimum and upper ceiling on Value Added Tax (VAT) by one percentage point each in his budget for 2013-14.   The lower VAT rate ...

SME News, Friday, Mar 08, 2013
CHENNAI: The Tamil Nadu Government will present its budget for the year 2013-14 on March 21, 2013.   “The budget will be presented at 10.30 a.m. on March 21, 2013,” Assembly Secretary AMP Jamaludeen said in a statement.   Finance Minister O Panneerselvam is scheduled to ...

SME News, Thursday, Mar 07, 2013
JAMMU:  Jammu and Kashmir Finance Minister Abdul Rahim Rather on Wednesday presented the fifth budget of the present National Conference (NC)-Congress coalition government which was a zero-deficit annual financial statement of Rs.38,068 crore.   The salient features of the ...

SME News, Wednesday, Mar 06, 2013
JAIPUR:  With an eye to the assembly elections due later this year, Rajasthan Chief Minister Ashok Gehlot on Wednesday presented a populist budget in the assembly here for the financial year 2013-14.   In the fifth and the last budget of the present government, Gehlot ...

SME News, Saturday, Mar 02, 2013
NEW DELHI: Commenting on the Union Budget at CII's exclusive Session on Budget Impact Analysis in Financial Capital of India – in Mumbai on Friday, Mr Arun Nanda, Past Chairman CII WR and Director, Mahindra & Mahindra said, "All the populist schemes announced by the Finance ...

SME News, Friday, Mar 01, 2013
BANGALORE:  Volvo Construction Equipment lauded P Chidambaram, Finance Minister’s budget proposals pertaining to the infrastructure sector. A M Muralidharan, President of Volvo Construction Equipment said that in light of the Centre’s plan to initiate work on the Delhi-Mumbai and ...

SME News, Friday, Mar 01, 2013
LUCKNOW: Uttar Pradesh Industries have termed the Union Budget "conservative" with focus on populist measures and not on "growth drivers" to stimulate industries.   There are provisions which can support Uttar Pradesh industries to certain extent like an outlay of ...