Mar 04, 2013, 09.26 PM IST
CHIDAMBARAM-INDIA-BORROWING-GOOGLE-HANGOUT:Chidambaram says 2013/14 net borrowings will be up by 50 billion rupees only
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Chidambaram says 2013/14 net borrowings will be up by 50 billion rupees only
CHIDAMBARAM-INDIA-BORROWING-GOOGLE-HANGOUT:Chidambaram says 2013/14 net borrowings will be up by 50 billion rupees only
Like this story, share it with millions of investors on M3
Chidambaram says 2013/14 net borrowings will be up by 50 billion rupees only
CHIDAMBARAM-INDIA-BORROWING-GOOGLE-HANGOUT:Chidambaram says 2013/14 net borrowings will be up by 50 billion rupees only
NEW DELHI (Reuters) - The government's net borrowings in 2013/14 will be up by only 50 billion rupees to 4.84 trillion rupees, the slowest rise in recent years, P Chidambaram, Finance Minister said during an appearance on Google Hangout on Monday.
His comments sought to clarify some confusion about India's borrowing numbers given in the budget unveiled last week.
(Reporting by Manoj Kumar; Editing by Frank Jack Daniel)
highlights
- No case to revise direct tax rates, slabs
- Super rich tax: 10% surcharge on income above Rs 1 cr
- Modified provisions under GAAR effective April 1, 2016
- No change in standard rate of excise duty, service tax
flashes
- FM speaks to CNBC TV18
- Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
- Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
- Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
InterpretationS
- GAAR-Presumes tax benefit unless proved contrary
- MFs covered for deductions u/s 80CCG
- Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
- ED on readymade garments exempted: positive textile sector
SECTOR IMPACT
Select Sector to see impact
- Auto - Cars & Jeeps
- Auto - LCVs/HCVs
- Banks - Private Sector
- Banks - Public Sector
- Cigarettes
- Computers - Hardware
- Computers - Software - Training
- Construction and Contracting - Real Estate
- Electricals
- Engineering - Heavy
- Finance - General
- Finance - Investments
- Infrastructure - General
- Leather Products
- Media & Entertainment
- Mining/Minerals
- Miscellaneous
- Personal Care
- Pesticides/Agro Chemicals
- Power - Generation/Distribution
- Refineries
- Shipping
- Sugar
- Textiles - Denim
- Textiles - General
Textiles - General
18:52 pm
Exice Duty on readymade garments exempted +ve for textile sector
TAX AND YOU
Salaried Person
REACTIONS
reaction on: Business
NK Jain
Vice-chairman | JSW Energy
reaction on: Markets
Mukesh Kumar
Head - Strategic Planning | HDFC ERGO General Insurance
reaction on: SME
Snehdeep Aggarwal
Founder & Chairman | Bhartiya International
reaction on: Policy
Sanjay Sanghvi
Partner | Khaitan & Co
reaction on: Business
Govind Shrikhande
MD | Shoppers Stop
What got Cheaper / costlier?
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