Fin Min to consult Congress party leaders before budget - Business Standard
Finance Minister P. Chidambaram will hold consultations with Congress party
leaders on Feb. 14 amid expectations the 2013/14 budget, to be presented to
parliament on Feb. 28, will unveil populist schemes with an eye on national
elections due by early 2014.
Tax surcharge on income above 10 mln rupees likely - Business Standard
The cash-strapped government might impose a surcharge on personal taxes on
annual incomes of more than 10 million rupees ($187,700). The top income tax
rate is currently 30 percent.
Another hike in rail fares on the cards? - One India News portal
Railway Minister Pawan Kumar Bansal declined to rule out a further increase
in railway fares in the coming budget. The government had raised rail passenger
fares in January for the first time in nine years, and a cut in state subsidy on
diesel prices has further pushed up costs for the state-owned railways.
Tax boost likely for affordable homes - Financial Express
The finance ministry favours giving tax breaks to investors in affordable
housing projects, a proposal made by the housing and urban poverty alleviation
ministry and similar to incentives available for investment in infrastructure.
Note: Reuters has not verified these stories and does not vouch for their
($1 = 53.2850 Indian rupees)
(Compiled by Manoj Kumar in New Delhi; Editing by Ranjit Gangadharan)
Keywords: INDIA PRESS/BUDGETEXPECTATIONS
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