The budget announcement day always will see the all citizens glued to all modes of media in order to take in the latest budget news. Live India budget news is expected to hog the limelight be tracked by every Indian.

1. Union budget
Every Indian is waiting for the Union budget analysis FY 13-14 with bated breath. The budget
announcement day always will see the all citizens glued to all modes of media in order to take in the
latest budget news. Live India budget news is expected to hog the limelight be tracked by every Indian.
Our Finance Minister Mr. P. Chidambaram will present a budget for FY 2013-14, which is not only
intended to make the market more investment friendly but also plug India’s widening fiscal deficit
through prudent tax collections. With the macroeconomic fundamentals of India presenting a gruesome
picture, formulating a budget to infuse buoyancy among the citizens will prove to be quite a challenging
task for the Finance Minister.
Subdued imports, declining industrial output and slowdown in consumption pattern have plagued the
Indian economy in the past fiscal year. Rising oil imports and slowing exports have led the current
account deficit in India as a percentage of the GDP to swell to the unsustainable level of 5.4% for Q2
2012-2013. The Government now aims to hold the fiscal deficit at 5.3% of the GDP and adopt astute
expenditure minimization and revenue maximization measures.
In a move to shore up the scenario, the Finance Minister, Mr. P. Chidambaram targets to raise more
than Rs. 5.05 lakh crore in fiscal year 2013-14 from indirect taxes which consists of excise, customs and
service tax. Meanwhile, revision of personal income tax slabs and new direct taxation policies will also
be crucial factors. Fiscal policies to give an impetus to infrastructural development with judicious
treatment of tax holidays and incentives for the sector are the major expectations.
Furthermore, plans to make the real estate sector a more regulated one to encourage transparency and
dissuade artificially inflated prices, is also likely to take the centre stage. Decision on the fate of
securities transaction tax (STT) and short term capital gains tax is also eagerly awaited by the capital
markets.

2. The Union budget live streaming will be a storehouse of surprises and is certain to keep everyone
hooked to their television sets.
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