Saturday, February 27, 2010

Budget 2010 Updates

* 1.29 pm




Service tax not being raised as stimulus rolled back



* 12.51 pm



Rs 2,500 crore net revenue gain for FY11



* 12.51 pm



FY11 net service tax gains seen at Rs 3,000 crore



* 12.51 pm



Net rev gain of Rs 43,500 crore from custom, excise proposals



* 12.51 pm



Services tax retained at 10%



* 12.50 pm



Service tax to GDP ratio 1%



* 12.45 pm



Excise on locally refined gold at Rs 280/gram



* 12.45 pm



Basic customs duty on gold ore reduced



* 12.45 pm



5% duty, project import status for MSOs



* 12.43 pm



Not to levy import tax on some equipment in road proj



* 12.42 pm



Uniform, concessional 5% duty on all medical appliances



* 12.42 pm



Customs duty rationalized on music, gaming, software



* 12.39 pm



Businesses with Rs 60 lakh turnover have to audit a/c



* 12.37 pm



Excise duty on CFL halved to 4%



* 12.36 pm



Central excise on LED lights cut to 4%



* 12.35 pm



Rs 50/t cess on Indian coal



* 12.34 pm



To raise central excise on non-petro products to 10%



* 12.28 pm



Increased excise duty on all non-smoking tobacco



* 12.28 pm



Excise on cigars, cigarettes to go up



* 12.27 pm



CET on petro products hiked by Re 1



* 12.27 pm



Partial rollback of excise duty on large cars



* 12.27 pm



Partial rollback of excise duty on cement, cement products



* 12.24 pm



Excise duty hiked to 10% vs 8%



* 12.23 pm



Professionals with Rs 15 lakh income need account audit



* 12.22 pm



Weightage deduction on R&D increased to 200%: Ernst & Young



* 12.18 pm



Weighted deduction from 150% to 200% for in-house R&D



* 12.17 pm



Surcharge for companies reduced to 7.5% from 10%



* 12.17 pm



MAT increased to 18%



* 12.16 pm



10% tax for income between Rs 1.6-5 lakh



* 12.16 pm



Nil tax for Rs 1.6 lakh income



* 12.10 pm



Borrowing plan to be decided in consultation with RBI



* 12.09 pm



FY11 net market borrowing pegged at Rs 3.45 lakh crore



* 12.09 pm



To continue with practice of oil, fert subsidy in cash



* 12.08 pm



FY10 fiscal deficit revised to 6.9% of GDP



* 12.07 pm



FY13 fiscal deficit pegged at 4.1%



* 12.07 pm



FY12 fiscal deficit pegged at 4.8% of GDP



* 12.07 pm



FY11 fiscal deficit pegged at 5.5% of GDP



* 12.06 pm



Total expenditure this fiscal at Rs 11.87 lakh crore



* 12.05 pm



Revised estimate for tax collection at Rs 7.47 lakh cr



* 12.02 pm



Defence allocation at Rs 1.47 lakh cr



* 12.02 pm



To soon finalise symbol for Indian Rupee



* 12.02 pm



Allocated Rs 1,900 cr for UID project



* 12.01 pm



UID authority to issue 1st set of ID's in FY11



* 12.00 pm



To set up financial sector legislative reforms panel



* 11.59 am



Allocated Rs 5,000 cr to Social Justice ministry



* 11.58 am



Allocated Rs 2,600 cr for Minority Affairs ministry



* 11.58 am



Launched women farmer fund scheme with Rs 100 cr



* 11.56 am



Propose to launch skill development programme for textile sector



* 11.56 am



Village & child development outlay up 50%



* 11.55 am



Allocation for renewable energy at Rs 1,000 cr



* 11.54 am



Unorganised sector social security fund at Rs 1,000 crore



* 11.54 am



Health insurance extended to NREGA beneficiaries



* 11.53 am



National Security Fund allocated Rs 1,000 cr



* 11.52 am



Micro finance & equity fund doubled to Rs 400 cr



* 11.51 am



Allocated Rs 2,400 cr for micro, SME's



* 11.50 am



Allocation for slum redevelopment increased to Rs 1,270 crore



* 11.50 am



To extend 1% interest subsidy scheme for affordable housing to Mar 2011



* 11.48 am



Allocation for urban development at Rs 3,500 crore



* 11.48 am



Indira Aawas Yojana allocation at Rs 10,000 cr



* 11.47 am



Bharat Nirman FY11 plan outlay at Rs 48,000 crore



* 11.46 am



Rs 40,100 cr for NREGA



* 11.46 am



Rs 61,000 cr for rural infra development



* 11.45 am



Banking for all villages with population of 2,000



* 11.44 am



Allocation to Health Ministry at Rs 22,300 cr



* 11.43 am



FY11 education plan outlay at Rs 31,030 crore



* 11.43 am



Spending on social sector upped to Rs 1.37 lakh cr



* 11.42 am



Ready with draft Food Security Bill



* 11.41 am



One time grant of Rs 200 cr to Tamil Nadu for textile



* 11.41 am



Clean Ganga Mission allocated Rs 500 crore



* 11.40 am



Allocated Rs 200 cr to Goa to restore beaches



* 11.40 am



To set up 20,000 mw of solar power by 2022



* 11.40 am



Allocated Rs 500 cr to set up solar, small hydro power units



* 11.39 am



Micro power project in Ladakh at Rs 500 crore



* 11.38 am



To launch competitive bidding for captive coal mining



* 11.37 am



To set up coal regulatory authority



* 11.36 am



To loan Rs 16,752 cr to rail development projects



* 11.36 am



IIFCL to double re-finance to banks for infra



* 11.36 am



Road development allocation hiked to Rs 19,894 cr



* 11.35 am



To construct 20 km of national highway each day



* 11.34 am



Allocation for road transport raised by 13%



* 11.34 am



ECB's now available for food processing sector



* 11.33 am



To set up 5 more Mega Food park projects



* 11.32 am



To provide 2% loan subsidy to farmers



* 11.32 am



Interest rate subvention for farm loans hiked to 2%



* 11.32 am



FY11 bank farm loan target raised to Rs 3.75 lakh crore



* 11.31 am



PDS suffering from shortage of storage facilities



* 11.30 am



Rs 200 crore for climate resilient agri initiative



* 11.30 am



Propose Rs 300 cr for Rashtriya Krishi Vikas Yojana



* 11.29 am



Rs 400 crore to extend green revolution to Eastern India



* 11.28 am



Committed to SEZ plans to boost exports, employment



* 11.27 am



Extend 2% interest subvention on export credit for 1 year



* 11.27 am



Capital for banks to help meet CAR aim



* 11.26 am



Company's Bill to address regulation in corporate sector



* 11.26 am



RBI to give additional banking licenses



* 11.26 am



FY11 capital for PSU Banks at Rs 16,500 crore



* 11.25 am



RBI mulling banking license for pvt & NBFC players



* 11.25 am



Status paper on domestic debt/GDP ratio in 6 months: BMR



* 11.24 am



Working towards making FDI regime simple



* 11.24 am



$20.9 bn FDI inflows during Apr-Dec '09



* 11.24 am



Will reduce fertiliser subsidy



* 11.23 am



Divestment proceeds budgeted higher in FY11 vs FY10



* 11.23 am



NBS will lead to agri productivity



* 11.22 am



PSU divestment mop-up seen at Rs 25,000 cr in FY10



* 11.22 am



Actively engaged in finalizing structure of GST rollout



* 11.21 am



Finance panel has proposed withdrawal of stimulus



* 11.20 am



Since December, signals of food inflation spilling over



* 11.19 am



Have acted on recommendations of 13th Finance Commission



* 11.19 am



Need to better manage supply-demand mismatch



* 11.19 am



Process of building a simple tax system is near completion



* 11.19 am



Need to strengthen local macro-economic situation



* 11.17 am



Efforts on to lower inflation in the next 2 months



* 11.16 am



Need to review stimulus and get back to fiscal consolidation



* 11.16 am



High fuel prices added to inflationary pressures



* 11.16 am



Should bring down inflation in the next few months



* 11.15 am



10% growth mark is not too distant in future



* 11.14 am



Focus to improve food security and healthcare systems



* 11.13 am



Govt must enable enterprise



* 11.13 am



Focus of economic activity shifted to non-govt factors



* 11.12 am



Some sectors have helped improve economic condition



* 11.12 am



FY10 was a challenging year for the economy



* 11.11 am



Budget will also signal policy for future



* 11.11 am



Second challenge is to make development more inclusive



* 11.10 am



First challenge is to return to high GDP growth of 9%



* 11.10 am



Budget cannot be a mere statement of government account



* 11.09 am



Thrust for infrastructure in rural areas



* 11.08 am



GDP growth hitting double-digit remains 1st challenge



* 11.07 am



Confident now economy in far better position



* 11.07 am



First challenge is to quickly revert to high GDP growth



* 11.07 am



Short-term global outlook bleak during FY10 Budget



* 11.06 am



Southwest monsoon undermined kharif crop



* 11.06 am



Averted crisis, Indian economy far better situation



* 11.05 am



Business sentiment weak at the time of last Budget



* 11.03 am



Finance Minister presents Union Budget 2010

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