Category Archives: Union Budget 2013

The Indian farmer and budget 2013-14!

“India is poor because rural India is poor and Rural India is poor because the farmer living in the rural area is poor”, said Mahatma Gandhi. Before the Budget the Farming community expected financial reforms that ensure credit flow, and proper extension mechanism, fair prices for their produce and better earnings and livelihoods. The major… Read More »

How budget 2013 affects the SME!

SMEs in India had a lot of expectations from Budget 2013 mainly because it is the last budget before the general elections in the country. Union Budget 2012 was considered as the most ‘anti-reform’ budget in the history of India. Given to the background of huge fiscal deficit, depreciating currency and sluggish growth, a non-trivial… Read More »

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 »