Highlights of Union Budget 2013-2014

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts
    Highlights of Union Budget 2013-2014
    It's the last Union Budget for UPA II, with some populist measures likely, given General Elections next year. But, with the fiscal deficit very high, can P Chidambaram afford populist measures? Get live Union Budget 2013 updates here:

    Refresh for more updates

    12:45 PM: Sensex, Nifty crack after Budget speech. Markets don't like the Union Budget

    12:45 PM: Finance Minister P Chidambaram concludes speech

    12:42 PM: Rs 9,000 crores for GST compensation to states to be set aside

    12:42 PM: Mobile phones exceeding Rs 2000 to attract 6% duty

    12:40 PM: Service tax levied on air conditioned restaurants

    12:38 PM: Import duty on set-top boxes to 10% from 5%

    12:37 PM: Excise duty on cigarettes increased

    12:36 PM: Excise duty on SUVs increased from 27 per cent to 30 per cent.

    12:34 PM: To introduce DTC in parliament

    12:31 PM: No change in rate of standard excise duty

    12:30:PM Securities Transaction Tax reduced on equity futures

    12:27: PM: TDS on property transactions above Rs 50 lakh

    12:25 PM: Tax slabs remain the same. Education cess remains

    12:25 PM: 10% surcharge on individuals earning income of Rs 1 crore. Only for 1 year though.

    12:16 PM: Fiscal deficit for 2013-2014 estimated at 4.8%

    12:15 PM: Fiscal deficit for 2012-2013 estimated at Rs 5.12%

    12:15 PM: Planned expenditure estimated Rs 5,51,222 crores

    12:11 PM: Nirbhaya Fund to be set up. Govt proposes to allocate Rs 1000 crores

    12:09 PM: Post offices to get Rs 532 crores for technological modernisation

    12:05 PM: Defense Budget hiked to Rs 2,03,672 crores

    12:04 PM: Insurance, provident funds can trade directly in debt segments of stock exchanges

    12:01 PM: Stock Exchange's to introduce debt dedicated segment on the exchanges.

    12 Noon: FIIs permitted in Exchange Traded Currency Derivatives Segment.

    11:58 AM: Proposal to amend SEBI amendment act. SEBI to simplify norms for foreign funds to invest in India.


    11:56 AM: NHB to set up urban housing bank

    11:53 AM: First women's bank to be set up with a capital of Rs 1000 crores.

    11:52 AM: Working with RBI and NABARD to bring core banking by end of the year to all scheduled commercial banks

    11:45 AM: MSEM units benefits to stay with them after three years of moving out to a bigger category

    11:44 AM: Shale gas projects to be encouraged

    11:42 AM: Home loan takers of above Rs 25 lakh will get a total deduction of Rs 2.5 lakh on gross taxable income

    11:40 AM: Inflation indexed bonds to be introduced.

    11:38 AM: RGESS to be liberalised. RGESS to be for three years and not one year. Income limit on RGESS raised to Rs 12 lakhs

    11:37 AM: To attract new investment, new investment allowance for companies investing Rs 100 crores and more in plant and machinery.

    11:36 AM: A Regulatory Authority for the Road sector is proposed

    11:35 AM: Seek assistance from ADB and World Bank for roads in North East

    11:32 AM: Infrastructure investment gets fillip. Infra debt funds would be encouraged. Four IDF's have been registered with SEBI.

    11:30 AM: Rs 10,000 crores incremental funds for Food Security Bill.

    11:26 AM: Rs 500 crores allocated for crop diversification programme.

    11:25 AM: Rs 27,049 crores allocated to Ministry of Agriculture

    11:24 AM: 46% hike in Rural Development spending

    11:22 AM: Rs 33,000 crores allocated for MGNREGS

    11:20 AM: Clean drinking water and sanitation Ministry allocated Rs 15260 crores

    11:18 AM: Propose to allocate Rs 55,868 crore for Education: FM

    11:16: AM To allocate Rs 37,370 crore for Heath and Family Welfare: FM

    11:15 AM: Rs 3511 crores allocated to the Ministry of Minority Affairs

    11:13 AM: Rs 41,000 crores for scheduled caste sub plan allocated: FM

    11:12 AM: All flagship programmes adequately funded: FM

    11:10: AM: Food inflation worrying. Will take supply side measures

    11:08 AM: Greater worry is the current account deficit.

    11:05 AM: Goal is greater growth with inclusive development: FM

    11:02 AM: FM rises to deliver his speech

    10:54 AM: Cabinet clears Budget2013

    10:45 AM: Chidambaram leaves office to present Budget

    10:35 AM: Markets trade higher with the Sensex up 118 points. Nifty gains 32 points with just 25 minutes to go before Chidambaram delivers his speech.

    10:20 AM: Jewellery stocks like PC Jeweller and Tribhoovandas are down on fears of import duty on Gold

    10:05 AM: Opinion is that FM may tax the super rich

    10 AM: FM arrives for Cabinet meeting

    9:50 AM: Rupee gains 17 paise at 53.70 to the Dollar ahead of the Budget

    9:40 AM: ITC is the only Sensex stock that is lower on fears of excise duty on Cigarettes

    9:40 AM: Sensex, Nifty galloping ahead of the Budget. Nifty up 38 points, Sensex up 128 points

    9:30 AM: Rumours have it that the FM might propose an all Women's Bank

    9:20 AM: Infrastructure stocks have rallied ahead of the Budget. L&T is up 1.6 per cent

    9:15 AM: Markets open strong. Nifty up 51 points, Sensex up 160 points

    9:00 AM: Rupee gains 22 paise in early trade ahead of the Budget

    8:50 AM: Markets set to open higher in anticipation of Union Budget 2013

    Read more about: union budget 2013
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more