UNION BUDGET HIGHLIGHTS 10-11 - MUST WATCH

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Friends this is a chance to discuss the budget here itself...

 

Please post whatever new u get....

Replies (148)
  1. NREGA scheme allocation raised to Rs 41000 Crs
  2. Allocation to health Rs 22,300 Crs
  3. 25% of plan allocation for rural infrastructure
  4. Social sector spending seen at Rs 1.38 lakh Crs
  5. Allocation for school education up from Rs 26800 Crs to Rs 31036 Crs
  6. Allocation to power sector at Rs 5130 Crs
  7. Rs 200 Crs for Tamilnadu textile sector
  8. One time grant for Tirupur exports
  9. Draft food security Bill ready
  10. Clean energy fund to be established
  11. Allotment for renewable energy hiked by 61%
  12. Coal regulatory authority to be set up
  13. Road development hiked to Rs 19894 Crs
  14. Rs 1.73 lakh Crs, which is 46% of total plan outlay, reserved for infrastructure development
  15. 2% loan subsidy to farmers
  16. Farm credit targets to be increased to Rs 3.75 lakh Crs
  17. Farm loan payments to be extended for six months
  18. Interest subvention of 2% to be extended for handicrafts and SMEs
  19. Rs 300 Crs for agricultural impetus
  20. Additional Rs 1,65,000 Crs for bank re-capitalisation
  21. Intrest subvention for exports to extended for one year
  22. RBI may give banking licenses to Pvt cos and NBFCs
  23. FDI policy to be made more user-friendly
  24. To discuss Kirit Parikh report in due course
  25. Fertiliser subsidy to be reduced
  26. Divestment target of Rs 25,000 Crs
  27. GST to be implemented from 2011
  28. Hope to implement Direct Tax Code from April 2011
  1. Social Security Fund to have corpus of over Rs 1000 Crs
  2. National Social Security fund for unorganised workers
  3. Intrest subvention for housing loans up to 1 lacs
  4. Rs 10,000 Crs allocated for Indira Awaas Yojna
  5. Rs 1200 Crs assistance for drought in Bundelkhand
  6. Rs 48000 Crs for Bharat Nirman
  1. Pvt sector to meet food grain storage deficit
  2. Rs 100 Cr woman farmer fund scheme
  3. Rs 1900 Crs allocated for UID project
  4. Skill development programme for textile sector
  5. Home loans up to Rs 20 lacs to get intrest subvention of 1% up to March 11
  6. Government to contribute Rs 1000 per month for pension security
  7. Rs 5400 Crs allocated for urban development
  8. Rs 66100 Crs allocated for rural development
  9. Rs 2400 Crs for MSMEs
  1. FY12 fiscal deficit target at 4.8%
  2. FY13 fiscal deficit target at 4.1%
  3. More than 50% increase in funds for minority welfare
  4. Fiscal deficit target of 5.5% in FY11
  5. 15% rise in planned expenditure
  6. Govt to set up National Mission for delivery of justice
  7. Gross tax receipts Rs 7.46 lac Crs
  8. Defence capex raised to Rs 60000 Crs
  9. Allocation to defence raised to Rs 1.47 lac Crs

 

direct tax code and GST to be implemented  by 1st april 2011

new tax slab : nil tax till 1.6 lac , 10% till 5 lac , 20% till 8 lac , 30% above  tat

Aisha, r u sure about the tax slab u gave???????

Interest subvention of 2% to be extended for handicrafts and SMEs

thanks for the information

  1. IT exemption limit enhanced, surcharge withdrawn
  2. FY11 net market borrowings pegged at Rs 3.45 lac Crs
  3. 20 Kms of highway to be constructed everyday
  4. FY10 budget deficit seen at 6.9% of GDP
  1. Minimum Alternate tax hiked to 18%
  2. 30% tax on income above Rs 8 lacs
  3. 20% tax on income between Rs5 lacs to 8 lacs
  4. 10% tax on income between Rs1.6 lacs to 5 lacs

Corporate tax surcharge down from 10 to 7.5%

Rs 20,000 additional tax break for infra bonds

  1. Deduction of Rs 20000 on investment in infra bonds
  2. Weighted deduction on R&D raised to 200% from 150%
  3. No tax on Income up to Rs 1.6 lacs
  4. Current surcharge on companies reduced to 7.5%

MAT increased from 15percent to 18 percent.


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