Category Archives: Union Budget

Start-ups and MSMEs in the Budget 2013 – 14

There are three proposals in the union budget 2013-14 that stand out with respect to start ups and MSMEs.   Encouraging Micro, small and medium enterprises to grow A well intended concession besides serving its purpose, also serves a counter interest, especially when it concerns the business and economy in general. MSMEs are given numerous… Read More »

Budget 2013 – Effects on Women!

Women were expected to be given importance in this year’s Budget, considering their increasing importance in different areas in the economy – both as homemakers and as working women.  The Budget was a mixed bag for women, with some positives and some expectations not met.

Proposals directed at your purse!

What will be cheaper? Leather goods including footwear should cost lower if the manufacturers pass on the duty reduction (from 7.5% to 5%) to consumers Pre-forms precious and semi-precious stones would cost lower as a result of duty reduction from 10% to 2%. It should help women shine more J Women and to some extent… Read More »

Where have all the men gone? Women, a bank and the FM!

The Budget speech of the FM for many parts sounded like a speech written by a women’s liberation activist or a charming gentleman who knows how to please women folk with sweet talk. The FM’s Statement in the closing parts of his speech – quoted here “I wish to draw a picture of three faces… Read More »

Putting the smile on rural poor – Literally!

Rural poor in India have been getting lot of attention in recent budgets and MGNREGA was one of the key initiatives that played a key role in uplifting the poor in rural India. This time too rural India got lot of attention but nothing beats the proposal to provide clean drinking water to rural poor!… Read More »

Budget 2013 Live – Fresh from the FM’s Speech!

The budget presented by the FM was expected to be highly populist in nature, but on the contrary it has turned out to be broadly one, that is expected to push for higher growth. The FM quoted Swami Vivekananda to indicate that it is within us to make ourselves a great financial power. He has… Read More »

Cheer for first time home loan borrowers!

Home loan EMIs definitely have a place in most of our monthly budgets. The growing property prices and the inflation hardly leaves sufficient amount after the payment of the housing loan EMIs for most of us today. However having a house is one of the basic necessities and it cannot be taken for granted. Prior… Read More »

Budget Highlights 2013 – Tax points!

Clarity in Tax laws, stable tax regime, and Independent judiciary is the underlying theme. Tax system should reflect best growth – Tax Reform committee to be setup to make system better. Direct Taxes Little room to raise tax levels. Prudence and Patience. NO CHANGE IN TAX SLABS Tax Credit of Rs 2000 for people in 2 Lakh to… Read More »

Budget 2013 highlights on financial sector!

Financial sector to stand on strong legal and structural platform. –      Standing council of experts to analyse financial sector and check transactional costs. –      12500 plus crore for capital infusion of public banks. –      Financial Inclusion on course – all Regional Banks already on Core Banking System. –      All public Sector banks to have ATMs… Read More »