More 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
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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
More 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
More highlights from Railway Minister Mamata Banerjee’s budget presented in the Lok Sabha Friday: * Upgraded class of air conditioned travel to be introduced shortly. * Anti-collision device, successful in North West Frontier Railway, to be extended to three more zonal railways. * Railways always been a soft target but law and order a state [...] Continue reading Railway budget highlights 4
More highlights from Railway Minister Mamata Banerjee’s budget presented in the Lok Sabha Friday: * Safety first priority; accident rate has come down. * Decision to start pilot projects to give shelter to homeless people. * Outlay of 57,630 crore for 2011-12, the highest investment in one year. * Rs.10,000 crore to be raised through [...] Continue reading Railway budget highlights – 3