Tag Archive: budget

kapil sibbal648940The 24 percent hike in the outlay for education announced in the union budget will not help the sector because what is needed is a change in mindset, Human Resource Development Minister Kapil Sibal said Thursday. “A 24 percent budget hike will not help the education sector. It is not just money allocation that we […] Continue reading Budget hike won’t help education sector: Sibal

Budget highlights – 10

pranab mukherjee budgetMore 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

Pranab MukherjeeFinance 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

More 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 budgetMore 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