Clarity in tax laws, a stable tax regime, a non-adversarial tax administration, a fair mechanism for dispute resolution and independent judiciary for greater assurance is underlying theme of tax proposals. Tax Administration Reforms Commission to be set up. In short…
Union Budget 2013-2014: ENVIRONMENT.!
Support to municipalities that will implement waste-to-energy projects. Government to provide low interest bearing fund from the National Clean Energy Fund (NCEF) to IREDA to on-lend to viable renewable energy projects. ‘Generation-based incentive’ reintroduced for…
Union Budget 2013-2014: Three promises..!
Promises made to woman, youth and poor. We stand in solidarity with our girl children and women. And we pledge to do everything possible to empower them and to keep them safe and secure. A fund - “Nirbhaya Fund” - to be setup with Government contribution of Rs. 1,000 cr…
Union Budget 2013-2014: Insurance Sector..!
A multi-pronged approach to increase the penetration of insurance, both life and general, in the country. Number of proposals finalised, in consultation with IRDA such as empowering insurance companies to open branches in Tier-II cities and below without prior approval …
Union Budget 2013-2014: Capital Market..!
Proposal to amend the SEBI Act, to strengthen the regulator, under consideration. Number of proposal finalised in consultation with SEBI. Designatged depository participants, authorised by SEBI, may register different classes of portfolio investors, subject to compli…
Union Budget 2013-2014: Textiles Sector...!
Technology Upgradation Fund Scheme (TUFS) to continue in 12th Plan with an investment target of Rs. 1,51,000 crore. Allocation of Rs. 50 crore to Ministry of Textile to incentivise setting up Apparel Parks within the SITPs to house apparel manufacturing units. A…
Union Budget 2013-2014: Foreign Trade..!
Support to measures to be taken to boost exports of goods and services. FINANCIAL SECTOR A standing Council of Experts to be constituted in the Ministry of Finance to analyse the international competitiveness of the Indian financial sector. Banking Compliance of publ…
Union Budget 2013-2014: Industrial Corridors..!
Plans for seven new cities have been finalised and work on two new smart industrial cities at Dholera, Gujarat and Shendra Bidkin, Maharashtra will start duing 2013-14 Delhi Mumbai Industrial Corridor (DMIC) to be provided additional funds during 2013-14 within the shar…
Union Budget 2013-2014: INVESTMENT, INFRASTRUCTURE AND INDUSTRY
Communication with investors to be improved to remove any apprehension or distrust, including fears about undue regulatory burden. Need of new and innovative instruments to mobilise funds for investment in infrastructure sector. Measures such as: ** Infrastructure Debt …
Union Budget 2013-2014: Cabinet Committee on Investment
The Cabinet Committee on Investment (CCI) has been set up. Decisions have been taken in respect of a number of gas, power and coal projects. New Investment Companies investing Rs. 100 crore or more in plant and machinery during the period 1.4.2013 to 31.3.2015 will be…
