Highlights of the Union Budget 2013

Highlights of the Union Budget 2013

Thursday, February 28, 2013 India must make tough spending choices, finance minister P Chidambaram said on Thursday, even as he unveiled a bigger-than-expected outlay for the coming fiscal year in one of the most highly anticipated Indian budgets of recent years. Following are highlights of the Budget: FISCAL DEFICIT * Fiscal deficit seen at 5.2 point of GDP in 2012/13 * Fiscal deficit seen at 4.8 point of GDP in 2013/14 * Faced with huge fiscal deficit, India had no choice but to rationalize expenditure BORROWING * Gross market borrowing seen at 6.29 trillion rupees in 2013/14 *.......................

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FISCAL DEFICIT

FISCAL DEFICIT Government target seen at 4.8 percent of  GDP for 2013/14.Chidambaram may surprise the markets by aiming a lower-than-expected fiscal deficit of  4.7% of GDP  for the next financial year starting April by cutting expenditure, especially Plan   expenditure growth, to single digits.GROWTHGovernment's GDP growth forecast for 2013/14 seen at 6 to 6.5 percent, compared 5 percent in 2012/13. The finance minister has said the economy should expand 5.5 percent in 2012/13.BORROWING Market expects   ...........
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Other Important posts

Market remains firm as FM says India can get out of the trough

Key benchmark indices held firm as Finance Minister P Chidambaram said while presenting Union Budget 2013-14 that India can get out of the trough and onto the high growth path. Index heavyweight and cigarette maker ITC reversed initial losses. Another index heavyweight Reliance Industries (RIL) retained positive zone. The market breadth was positive. The S&P BSE Sens...........
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Due to the big global rally Nifty could open with a gap up today around 5848

On the Big Day ,Market may not follow technical…Due to the big global rally Nifty could open with a gap up today around 5848.The market will closely watch the Fiscal Deficit for 2013/14,and if the figure of 4.8% then Nifty could target..............
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Ban Period

The derivative contracts in IFCI,PUNJLLOYD and ...............
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