ALL UNIVERSITIES AT ONE PLACE

https://www.webindia123.com/career/website.htm

 Budget 2010

Ø      Fiscal Deficit for 2010-11 – 5.5 %  of GDP ( to be brought down to 4.8 % and 4.1 % in next two fiscal years. Revised Estimate for Fiscal Deficit for 2009-10 is 6.9%

Ø      GDP growth expected to be at 7.2 % and could be higher when Q3 and Q4  are taken into account

Ø      Disinvestment to fetch Rs. 25,000 Cr

Ø      Challenges before the Government

1.      Quickly revert to 9 % GDP growth and then aim for double digit growth

2.      Make growth inclusive

3.      Strengthen food security

4.      Overcome weakness in government’s public delivery system.

Ø      Corporate Sector

·        MAT rate increased from 15% to 18 %

·        Surcharge rates reduced from 10% to 7.5 % on Corporate income tax

·        Threshold limits for TDS to be rationalised

Ø      Personal Taxation –

·        Tax Slabs Broadened

-         Exemption limit retained at Rs 1.6 Lakh

-         Income from Rs. 1.6 Lakh to Rs. 5 Lakh to be taxed @ 10 percent ( currently it is up to Rs. 3 Lakh)

-         Income from Rs. 5 Lakh to Rs. 8 Lakh to be taxed @ 20% percent ( currently it is from Rs. 3 Lakh to Rs. 5 Lakh)

-         Income above Rs. 8 Lakh to be taxed @ 30 percent ( currently it is Rs. 5 Lakh)

·        Additional Rs.20,000 deduction for investment in infrastructure bonds

Ø      Simplified Tax Administration

• Direct Tax Code to be implemented from 1^st April 2011

• GST also planned to be implemented from April 2011

• IT returns forms for individual tax payers to be further simplified

• Two more Central Tax Procession Centres to be set up ( in addition to present one at Bangalore)

Ø      Excise Duty

·        General Excise Duty raised from 8 % to 10%

·        Higher Excise Duty on – Large Cars, SUVs, MUVs, Smoking and non-smoking tobacco

Ø      Custom Duty

·        Peak custom duty remains at 10 percent

·        Cut on import duty on photovoltaic units

·        Lower import duty on – select road project equipments, LED Lights,

Ø      Service Tax

·        Service Tax remains unchanged

·        New services brought under service tax net

·        News Agencies exempted from service tax

Ø      Infrastructure Sector

·        46% of Plan Expenditure allocation in 2010-11 will be for infrastructure development.

Ø      Power & Energy

·        Coal Regulatory Authority to be set up. Competitive bidding for Coal Blocs.

·        National Clean Energy Fund to be established.

·        Kirit Parekh Report on Fuel Price deregulation to be taken up by the Ministry of Petroleum in due course

Ø      Exports

·        Government to continue interest subvention of 2% for one more year for exports covering handicrafts, carpets, handlooms and small and medium enterprises.

Ø      Agriculture

·        Draft Food Security Bill prepared and will be put in the public domain

·        Participation of private sector  in grain storage to continue for another 2 years

·        New Fertilizer Policy from April 2010 which will to improved productivity and farm income

·        Five more Mega Food Procession Projects in addition to 10 existing ones

·        ECB available for cold storage

Ø      Rural Economy

·        Debt Repayment period extended to June 2010.

Ø      Banking & Financial Sector

·        Banking facilities to be provided to all habitations with a population of 2000 and more

·        Apex Level Financial Stability Council to be set up for Banking Sector

·        Additional banking licenses to be given to private players / NBFCs

·        Further capital to Region Rural Banks to be provided.

·        Further capital infusion in  PSU banks to maintain Tier –I Capital Adequacy Ration

Ø      Social Security

·        National Social Security Fund to be created in unorganised sector with allocation of Rs. 1000 Cr.

·        Govt to contribute Rs. 1000 /- for each National Pension Scheme Account opened by workers in the unorganised sector

Ø      Tourism

·        Rs. 200 Cr special package to Goa to prevent soil erosion and increase green cover on Goa Beaches

·        Investment linked tax deductions

Good work, thanks

THANKS 

thks rahul. good one.  did u know d institutes / universities which provides diploma /  degree courses in insurance ?

my id- ca.niteshagrawal @ gmail.com

good wrk!!!!!!!

Originally posted by : ca nitesh
	thks rahul. good one.  did u know d institutes / universities which provides diploma /  degree courses in insurance ? my id- ca.niteshagrawal @ gmail.com

Pg diploma in insurance - Delhi: Distance Learning Courses in ...

Great job Rahul... Keep rocking

Originally posted by : dinesh
	Great job Rahul... Keep rocking

THANKS