Tag Archive: budget

Budget highlights – 10

pranab mukherjee budget3 150x150 Budget highlights – 10More budget highlights for 2011-12: * Revenue gain of Rs.11,000 crore from increase in indirect taxes. * Service tax payers with turnover of Rs.60 lakh exempt from government audit. * Electronic filing of TDS returns at source stabilised; simplified forms to be introduced for small taxpayers. * Bill to be introduced to review Indian Stamp [...] Continue reading Budget highlights – 10

Defence budget hiked to Rs.1.54 lakh crore

Pranab Mukherjee4 150x150 Defence budget hiked to Rs.1.54 lakh croreFinance Minister Pranab Mukherjee Monday said India’s defence budget for 2011-12 had been hiked to Rs.154,415 crore ($34 billion). This will mark an over four percent increase from the 2010-11 allocation of Rs.147,344 crore. Mukherjee also told the Lok Sabha while presenting the annual budget that the capital expenditure for defence in 2011-12 would be [...] Continue reading Defence budget hiked to Rs.1.54 lakh crore

Budget highlights – 8

tfe no thumb Budget highlights – 8More highlights of budget for 2011-12: * Expenditure in 2011-12 estimated at Rs.12,57,729 crore, an increase of 13.4 percent. * Tax receipts in 2010-11 at Rs.9,32,440 crore, an increase of 24.9 percent; non-tax receipts at Rs.1,25,435 crore * Tax exemption limit raised from 160,000 to 180,000; for senior citizens qualifying age reduced from 65 to [...] Continue reading Budget highlights – 8

Budget highlights – 2

pranab mukherjee budget1 150x150 Budget highlights – 2More highlights from union budget for 2011-12: * Current account deficit at 2009-10 levels. * Corruption a problem we have to fight collectively. * Development needs to be more inclusive. * Stronger fiscal consolidation needed. * Setting tone for newer, vibrant economy. * Economy has shown remarkable resilience to external and internal shocks. * Economy [...] Continue reading Budget highlights – 2

Mamata’s rail budget promises growth with human face

Railway budget 150x150 Mamata’s rail budget promises growth with human faceWith highest ever allocation of Rs.57,630 crore ($13 billion), Railway Minister Mamata Banerjee Friday presented the rail budget for 2011-12, promising to move fast to build a stronger railroad infrastructure while addressing the needs of the average person. From more money for better safety and several industrial parks under the public-private partnership model to new [...] Continue reading Mamata’s rail budget promises growth with human face