Union Budget 2013-14 : Investment Environment & Tax Aspects
Mr. Chander Sawhney Vice President +9810557353 chandeer@indiacp.com Hon’ble Finance Minister Shri. P. Chidambaram on 28.02.2013 presented the Union Budget 2013 and mentioned that slowdown in Indian economy has to be seen in the context of slowing global economic growth. He admitted that the country’s present situation and growth is indeed challenging but India has potential growth rate of 8 percent and getting back to this is possible as has been proven in the past. The central theme now is “higher growth leading to inclusive and sustainable development” with emphasis on women, children, minorities, backward classes and disabled persons. Impetus has also been given to create opportunities for youth for skill development. Health, Education, Rural, Manufacturing, Infrastructure and affordable housing have been kept on the priority list. Capital Markets initiatives like strengthening SEBI for Investor protection and fine tuning FDI/ FII norms has also been touched upon.