Union Budget 2013-14 Business Today coverage latest news
Business Today

Finance Minister P Chidambaram said that revenue deficit for the current fiscal is estimated to be 3.9 per cent while that of the next year would be 3.3 per cent.

 
 
Finance Minister P Chidambaram in Budget 2013 has proposed to increase excise duty on sports utility vehicles to 30 per cent from 27 per cent.
In the Budget 2013-14, Finance Minister P Chidambaram has increased the allocation for ministry of agriculture by 22 per cent to Rs Rs 27,049.
This will be also be P Chidambaram's eighth Budget -  two short of the record 10 set by former prime minister Morarji Desai.
 
 
Inflation-indexed bonds protect investors from the effects of inflation as the interest rates on the bonds are linked to the current level of inflation.
In the Budget 2013-14, Finance Minister has proposed that home loans up to Rs 25 lakh would get an additional deduction of Rs 1 lakh on interest payment.
Finance Minister P Chidambaram in his budget speech said that global growth has slowed to 3.2 per cent in FY12 from 3.9 per cent a year earlier.
Finance Minister P. Chidambaram presents India's 82nd Union Budget in the Lok Sabha today.
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