Budget 2013: Latest Updates on Union Budget 2013-14 | Live

Budget 2013: Latest Updates on Union Budget 2013-14 | Live

 Finance Minister P Chidambaram's seventh Budget comes amid tough challenges - slowing growth, wary markets, fiscal challenges, threats of a ratings downgrade, and a general election in 2014. Despite the hurdles, the finance minister may deliver another balanced Budget. Research firm Ambit expects a dream Budget -- one that will deliver the promised fiscal consolidation measures as well as include progressive tax reforms.

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Railways is mulling to effect a marginal hike in freight rate in the Rail Budget 2013-14 with a view to easing the additional pressure on the national transporter due to diesel price increase.

The government should focus more on safety and modernisation besides improving existing track and separation of passenger and freight train lines in the forthcoming Rail Budget, Assocham on Friday said.

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