The Budget!

[Rage]

The Budget 2010-11. Discussion, wishlists, nocturnal emissions (also known as 'wet dreams'), criticisms, condemnation, flaying and analyses welcome.



Please merge with the 'Indian economy' thread post-hoc.

 

[Sridhar]

guys whats your take on proposed IT act reforms ?

 

[NSG_Blackcats]

Railway Budget proposals for 2010-11​

Highlights of the Railway budget presented by Mamata Banerjee in Parliament Today:

• No hike in freight and passenger fare.

• New Janmabhoomi train between Ahmedabad and Udhampur

• Concession for children of accredited journalists up to 18 years.

• Free journey for cancer patients in sleeper and 3AC; 75 p.c. concession for companion

• Concession of Rs. 100 on freight rates of food grains for domestic use, kerosene, fertilizer.

• Survey will be conducted to connect Sealdah and Howrah stations in West Bengal

• Karmaboomi train for working class

• Bharat Tirth train to commemorate Rabindranath Tagore's birth 150th anniversary.

• Matribhumi special trains for women

• Andaman and Nicobar Islands to get railway line from Port Blair to Diglipur

• Velachery-St.Thomas Mount MRTS link by 2012

• New suburban trains for Chennai

• Stations to be named after Bhagat Singh, Mother Teresa, Tipu Sultan, Bahadur Shah Zafar

• RPF to have women battalion

• Railways to have master plan for North Eastern region

• Insurance facilities for licensed porters as part of railway's corporate social responsibility

• Kashmir rail link to be extended to Sopore

• Rs. 1,302 crore provided for passenger amenities

• Freight loading target for 2010—11 fixed at 944 million tonnes

• New train service to Dhaka, Bangladesh from Agartala.

• Gross traffic receipt for 2010-11 pegged at Rs. 94,765 crore

• High—speed dedicated passenger corridors to be constructed

• Revenue from non-core business of Railways to go up from Rs. 150 crore to Rs. 1,000 crore

• Wagon Repair Shop to be set up in Badnera near Amravati in Maharashtra

• Railways saved Rs. 2,000 cr from austerity drive

• 10 more Duranto trains announced

• Service charge on AC fares cut to Rs. 20

• 101 new suburban trains for Mumbai

• Dedicated corridors will be implemented on time

• Land acquisition: One member from the family would be given employment in Railways

• Railways earned net profit of Rs. 1348 crores.

• Railways will be the lead partner in the Commonwealth Games in Delhi

• Railways to set up Rabindra Museum in Howrah and Geetanjali Museum in Bolpur -- both in West Bengal -- to commemorate Rabindranath Tagore's 125th birth anniversary

• New testing facility in Bangalore

• Railways proposes modernisation of ICF, Chennai.

• New housing scheme for 14 lakh employees

• Railways to start six water bottling plants in places like Ambala, Thiruvananthapuram, Farakka, Amethi and Nasik to provide clean and cheap drinking water to passengers.

• Special task force for clearing investment proposals in 100 days

• New business model to be created

• Unmanned railway crossing will be phased out in five years

• Five sports academies to be set-up, including Delhi, Chennai, Secunderabad

• E-tickets to be made available at panchayat level

• Railways recruitment: Exams to be conducted in regional languages

• Railways recruitment: Simultaneous exams proposed

• Modern toilets to be introduced in stations

• No privatisation of Railways

• Fee waiver for economically weak

• Railways target 1,000 km of new line in one year

• 117 new trains flagged-off in the last financial year

• Special task force will be set up for early clearance of projects

Source - The Hindu

 

[Sridhar]

Summary of Economic Survey 2009-10

Summary of Economic Survey 2009-10

http://www.addthis.com/bookmark.php?v=20


The Economic Survey presented to Parliament today says that the economy has bounced back from the global economic slowdown and is on its way to the growth path of 9 per cent. The CSO estimate of 7.2 per cent GDP growth for 2009-10 reflects the fast paced recovery given the Index of Industrial Production (IIP) posting a record 16.8 per cent year-on-year growth during the month of December 2009. The Survey says that the economy has responded well to the policy measures undertaken in the wake of global financial crisis. It says, the adverse impact due to the delayed and sub-normal monsoon has been contained to a large extent and a better than average rabi agricultural season is expected. The Survey says that the recovery is well founded with pick up in merchandise exports, capital flows and non-bank food credit.
The turnaround came in the second quarter of 2009-10 when the economy grew by 7.9 per cent, year-on-year basis. The CSO estimates forecast 7.2 per cent growth in GDP with industrial output growing at 8.2 per cent and service sector at 8.7 per cent. The recovery is particularly impressive despite a decline of 0.2 per cent in agriculture output primarily due to sub-normal monsoon. The Survey says, the broad based nature of the recovery creates scope for a gradual roll back, in due course, of some of the measures undertaken over the last 15 to 18 months to put the economy back on the growth path of 9 per cent.
The Survey expresses concern over the emergence of high double-digit food inflation especially in the second half. Food price inflation stood at 17.9 percent for the week ended January 30, 2010 while the inflation in fuel, power, light and lubricant at 10.4 per cent. It says that the significant part of this inflation can be explained by supply side bottlenecks in some essential commodities. Since December 2009, there have been signs of these high food prices, together with hardening of non-administered fuel prices, getting transmitted to other non-food items. This has created some concerns for higher than anticipated generalized inflation over the next few months.
The recovery in GDP growth as indicated in the CSO advance estimates is broad- based with 7 out of 8 sectors/sub-sectors showing a growth rate of 6.5 per cent or higher. The per capita growth in income has recovered to 5.3 per cent in 2009-10 from 3.7 per cent in the previous year. The per capita consumption growth as reflected in the private final consumption expenditure shows a declining trend since 2007-08.
The Survey says that the country received 23 per cent less rainfall during the south-west monsoon 2009 but some of the shortfall was made up during the post monsoon season when the country received 8 per cent excess rainfall. Kharif 2009-10 season showed a decline of nearly 6.5 per cent in acreage with the entire decline confined to rice crop. While the decline in Kharif acreage under pulses was 5.63 per cent, some of this decline has been made up in the rabi season. As per the available estimates, wheat, pulses and groundnut have seen an increase in acreage as compared to last year.
The growth of broad money (M3) has moderated from around 21 per cent in the beginning of fiscal year to 16.5 per cent by mid January 2010 and it has remained below the indicated growth projection. While in the first half of the year, credit to the Government remained the key driver of money growth, it has moderated since the third quarter of 2009-10. The Survey says that since the outbreak of the global financial crisis in 2008, the RBI has followed an accommodative monetary policy supporting early recovery of the growth momentum. This has also facilitated the unprecedented borrowing requirement of the Government to fund its fiscal deficit. Nearly two third of the borrowing of the Government was completed in the first half of the fiscal year which not only helped in checking pressure on interest rate but also created space for the revival of private investment demand in the second half of the year. The fiscal expansion undertaken by the central government as a part of the policy response to counter the impact of global slowdown has resulted in increased fiscal deficit from 2.6 per cent in 2007-08 to 6.5 per cent in the Budget Estimates for 2009-10.
The Survey says that the recommendations of the Thirteen Finance Commission have to be taken on board in shaping the fiscal policy for 2010-11 and in the medium term. The Finance Commission has recommended a calibrated exit strategy from the expansionary fiscal stance of 2008-09 and 2009-10. It has also suggested that the revenue deficit of the centre needs to be progressively reduced and eliminated followed by emergence of revenue surplus by 2014-15.
The Survey notes with satisfaction that several factors that have emerged from the performance of the economy in the last 12 months augur well for the Indian economy. The gross domestic savings as a percentage of GDP stands at 32.5 per cent in 2008-09 while the gross domestic capital formation stands at 34.9 per cent. These figures compare favourably with some of the fastest growing economies. It also underlines the significance of the presence of Indian corporations in the global market place. The Survey is hopeful that the economy will go back to 9 per cent growth rate in the medium term. This follows the revival in investment and private consumption demand impressive growth in exports in November and December and remarkable turn around in Core infrastructure sector. It says, after a set back agriculture is gradually getting back to the projected path and with a reasonable one per cent additional growth in GDP coupled with recovery of global economy, the Indian GDP can be expected to grow around 8.5 per cent +/-0.25 per cent. With full recovery the economy can breach the 9 per cent mark in 2011-12. Given the steadily improving fundamentals of the economy, the Survey says, if there are improvements in infrastructure, both urban and rural, and reform in governance and administration, it is possible for India to move into double-digit growth and even become the fastest growing economy in the world within next four years.



http://beta.thehindu.com/business/Economy/article113170.ece

 

[Sridhar]

Budget expected to cut deficit; borrowing a worry New Delhi, Reuters:
India's annual budget on Friday is expected to slash the deficit as the economy rebounds, but investors were hoping Finance Minister Pranab Mukherjee will also be firm on keeping borrowing in check.
Economists polled by Reuters forecast Asia's third-largest economy would cut its fiscal deficit to 5.6 percent of GDP in the year starting April 1, from a target of 6.8 percent in the current year, a 16-year high. Government borrowing was forecast to rise by another 2.2 percent to 4.61 trillion rupees ($99.5 billion), according to the Reuters poll.
Indian federal bond yields rose late on Thursday after Planning Commission Deputy Chairman Montek Singh Ahluwalia said that strong growth in 2010/11 could absorb higher borrowing, raising concerns that the government may be looking to tap markets for more than had been expected.
Calls for fiscal discipline have gained urgency as inflation is forecast by some economists to reach 10 percent in coming weeks as high food prices fuel broader inflation expectations.
Finance Minister Mukherjee was expected to count on surging economic growth, which his ministry forecasts will grow by 8.5 percent in the next fiscal year, as well as higher revenues from sales of government company stakes and 3G mobile licences to forestall the need for spending cuts.
The government growth target for next year exceeds the 8 percent forecast in a Reuters poll of economists in late January.
Mukherjee, scheduled to begin speaking at 11 a.m. (0530 GMT), was expected to unveil gradual measures to roll back fiscal stimulus measures that were implemented to ease the pain of the global downturn, including tax breaks to several sectors.
He may also unveil plans to address shortfalls in food production and distribution that have been a key driver of inflation, as well as initiatives to address India's chronic infrastructure deficit.

http://www.deccanherald.com/content/54985/budget-expected-cut-deficit-borrowing.html

 

[Sridhar]

Pranab Mukherjee presents Union Budget 2010

TNN, Feb 26, 2010, 10.51am IST

NEW DELHI: Finance minister Pranab Mukherjee on Friday began the presentation of Union Budget 2010-2011 with a renewed sense of optimism over the country's growth and clear signals from policymakers to bring deficits back to manageable levels.

Expectations are high from the 74-year-old veteran politician, who has tabled four budgets in the past, that he will address the twin issue of bringing down prices while ensuring higher overall growth for the economy.

At the same time, he is also under pressure to roll back, albeit gradually, the $37-billion stimuli announced since December 2008 to help India weather the global economic slowdown.

The Economic Survey 2009-10 presented on Thursday favoured the gradual rollback of stimulus measures that were introduced following the global economic meltdown in late 2008. However on the eve of the Union Budget, Mukherjee talked about the measures that would be taken by the government to deal with 17.85 percent food inflation and certain aspects of the economy.

http://timesofindia.indiatimes.com/...nts-Union-Budget-2010/articleshow/5618460.cms

 

[Sridhar]

Budget 2010 Highlights

​

• Many new initiatives in various sectors of economy 2010-02-26 11:00:43


• Challenges to make growth inclusive 2010-02-26 11:00:37


• Focus of economic activity has shifted to non-govt sectors 2010-02-26 10:59:32


• Modernisation of PDS a priority for the govt 2010-02-26 10:59:21


• We have to sustain food security in rural areas 2010-02-26 10:59:16


• We have to make recovery more broad-based in coming months 2010-02-26 10:59:08


• Our task is to quickly revert to high GDP 2010-02-26 10:52:55


• We were unsure about turnaround in the economy 2010-02-26 10:51:51


• We have weathered the crisis well 2010-02-26 10:51:49


• We began with uncertainty but we are moving ahead 2010-02-26 10:51:46


• Pranab Mukherjee begins Budget speech 2010-02-26 10:51:41


• Pranab to present Budget amid debate on stimulus rollback 2010-02-26 10:51:33


• Sensex trims gains ahead of Budget speech 2010-02-26 10:51:30


• Pranab briefs cabinet ahead of Budget speech 2010-02-26 10:51:27


• Sensex trading in positive territory 2010-02-26 10:26:05


• Sensex gains, await cues from Budget 2010-02-26 09:53:13


• Pranab rated as one of the best 5 FMs of the world for the year 1984 2010-02-26 09:52:30


• Pranab began his career as a college-teacher and later as a journalist 2010-02-26 09:50:32


• Sensex opens flat 2010-02-26 09:04:31


• Govt to accept major recommendations of 13th Finance Commission 2010-02-25 18:02:54


• Medium term prospects of Indian economy really strong 2010-02-25 14:51:26


• FY 10 trade outlook has brightened 2010-02-25 14:37:37


• Recovery creates scope for gradual pullback of stimulus 2010-02-25 14:35:11


• High double-digit food inflation in 2009–10 a great concern 2010-02-25 14:34:03


• Current fuel prices not fiscally sustainable 2010-02-25 14:33:00


• More than 500,000 jobs added in second quarter 2010-02-25 14:31:50


• Double-digit food inflation a great concern 2010-02-25 13:36:37


• VAT introduction to boost states' tax revenues 2010-02-25 13:33:35


• Survey: Steel outlook for 2010 remains positive 2010-02-25 13:32:22


• Economic Survey: Service sector growth seen at 8.7% 2010-02-25 12:23:38


• Economic Survey: India's GDP expected to return to 9% growth in 2011-2012 2010-02-25 12:20:47


• Economic Survey: Hike in fuel prices will impact inflation 2010-02-25 12:19:24


• Economic Survey: High double-digit food inflation in 2009-10 a great concern 2010-02-25 12:16:02


• Pranab ready to present budget tomorrow 2010-02-24 18:59:10


• Funding for metro rail projects to be increased by 5% 2010-02-24 16:14:47


• No increase in rail passenger fares 2010-02-24 16:14:08


• IT exemption limit raised-Budget2009 2010-02-24 15:38:28

http://budget.sify.com/budgethighlights/2010-union-budget-highlights.html

 

[Sridhar]

Budget: Five points to watch out for

​

Tinesh Bhasin | 2010-02-26 01:40:00
​

On the Budget day, when the Finance Minister reads through reams of paper, the common man is often left confused. Worse still, there are a whole lot of numbers and jargons like capital account expenditure and current account deficit that could baffle many.
But hidden within those papers are numbers that impact your wallet directly. For example, in the last Budget the Finance Minister (FM) abolished the Fringe Benefit Tax that the employer paid for providing benefits to employees.
These benefits included company car or house and payment of tuition fees of employees' children by the employer. This financial year onwards, employees will have to bear the tax burden that the government levies on such perquisites.
http://sify.com/finance/moreheadlines/category/budget.html

And there are several similar measures that impact the common man directly. Here are few sections you should look for without actually going through the entire Budget document.
Rates of income tax: This section gives the basic exemption limits and rates of taxation beyond a certain limit. If the basic limit is enhanced, it would mean more money at the hands of the individual. For instance, last July FM hiked the basic limit for individuals from Rs 1.5 to Rs 1.6 lakh. For women and senior citizens, the new limit is Rs 1.9 lakh and Rs 2.4 lakh, respectively.
Budget wish-list? | Union Budget: Sectors wish list | Railway Budget 2010
Section 80C: This section includes instruments where an individual can invest to save tax. In addition, there are certain expenses such as, school or college fees for children that are included under this section. The current limit is Rs 1 lakh. Besides investment in the Employee Provident Fund and principal of home loan, there are a large number of instruments like post office saving schemes and equity linked savings schemes where one can invest to claim the deductions.
Section 80D: Under this section, a person can claim deduction for paying health insurance premium. The general deduction available to each taxpayer is Rs 15,000, for self, spouse and children combined. A person can claim Rs 15,000 additional deduction in case he pays for his or her parents' policy. If the amount is paid for a senior citizen, then one can claim an exemption of Rs 20,000.
Pranab speaks on Budget eve
Section 24: This deals with the interest paid on a housing loan. Under this section of the Income Tax Act, interest paid up to Rs 1.5 lakh a year on a home loan can be set-off from salary or business income, for a self-occupied property.
Section 80E: Under this section, one gets tax benefits on repayment of loan taken for higher studies or post graduation courses like engineering, medicine, management and others. The existing benefit is Rs 25,000.
Pranab's daughter comes out with Budget wishlist
There are other lesser-known sections, where a person can claim additional deduction from his income. These include money spent for maintenance of handicapped dependants (Section 80DD); money spent for medical treatment of self and dependants (80 DDB) and amount paid for charity (Section 80G).
If you miss the Finance Minister's speech, you can get a copy in newspapers as well as on the ministry's website. The website elaborates all the amendments to the existing tax structure.


http://sify.com/finance/budget-five-points-to-watch-out-for-news-default-kc0bEGadecg.html

 

[Sridhar]

Budget Highlights

India has weathered crisis well

We are in better position now than a year ago, but challenges remain

Three challenges and medium term perspective that was outlined last year

First challenge: Need to revert to high GDP of 9% and then breach 10% barrier

Second challenge: Harness economic growth to make it more inclusive. Thrust of infrastructure in rural areas, education and health

Third challenge: Public delivery mechanism needs to improve through reforms of structures and institutions and mechanisms

Southwest monsoon undermined kharif crop

Overview of economy:

Deceleration in second half of last fiscal brought down GDP growth

Economy stabilised and GDP was 6.8%

Optimistic about Q3 and Q4

Renewed growth in manufacturing; December growth was 18.5%, highest in past two decades

Video

Click here for Video

10% GDP growth can be achieved in not too distant future

Erratic monsoon and drought reinforced supply side bottlenecks

Fear of food inflation spreading to other items as well

Consulting states to bring down inflation

Need for better management of food security in the country

Deceleration in Q2 FY 09 slowed our growth to 6.9% from over 9% in past three years

FY 10 economy stabilized in Q1 with 6.1% vs 5.4%, Strong rebound in Q2 7.9%

We are averaging growth of 7.2% as of now but can be higher once final figures of Q3 and Q4

We expected food inflation to moderate but didn’t happen due to supply side bottlenecks

Food inflation affected to other sectors taking up overall inflation

http://www.zeenews.com/news607139.html

 

[Sridhar]

Pranab Mukherjee presents Union Budget 2010

TNN, Feb 26, 2010, 10.51am IST

NEW DELHI: Finance minister Pranab Mukherjee on Friday began the presentation of Union Budget 2010-2011 with a renewed sense of optimism over the country's growth and clear signals from policymakers to bring deficits back to manageable levels.

Beginning his speech, the finance minister said the Indian economy had weathered the crisis well but the main challenge was to make growth inclusive. The focus is to get a double-digit GDP growth rate, he said. Social sector reforms will also be on the agenda, Mukherjee said.

Economic growth in 2009-10 may turn out to be higher than 7.2%, the finance minister said. We hope to breach the 10% mark in not too distant future, he added. He said the need was to make growth more broad-based.

Pranab Mukherjee said Rs 400 crore to be earned from green revolution in Bihar, Jharkhand, West Bengal and Orissa, and Rs 300 crore for creating 6000 pulse and oilseed villages.

Pranab Mukherjee said listing of PSUs will improve corporate governance. He added there would be a new system for direct transfer of subsidies to farmers. Goods and Services Tax (GST) along with Direct Taxes Code (DTC) to be implemented from April, the finance minister said.

Expectations are high from the 74-year-old veteran politician, who has tabled four budgets in the past, that he will address the twin issue of bringing down prices while ensuring higher overall growth for the economy.

At the same time, he is also under pressure to roll back, albeit gradually, the $37-billion stimuli announced since December 2008 to help India weather the global economic slowdown.

The Economic Survey 2009-10 presented on Thursday favoured the gradual rollback of stimulus measures that were introduced following the global economic meltdown in late 2008. However on the eve of the Union Budget, Mukherjee talked about the measures that would be taken by the government to deal with 17.85 percent food inflation and certain aspects of the economy.

http://timesofindia.indiatimes.com/...-and-DTC-from-2011-12/articleshow/5618460.cms

 

[Sridhar]

Budget 2010 Highlights


• More services come under tax net 2010-02-26 12:36:15


• Service tax rates to be retained 2010-02-26 12:35:45


• Silver, gold import duty raised 2010-02-26 12:34:19


• Concession for medical equipments for hospitals retained 2010-02-26 12:34:10


• Excise duty cut on CFL 2010-02-26 12:34:05


• Customs duty on crude oil back to 5% 2010-02-26 12:30:44


• Excise duty on tobacco products hiked 2010-02-26 12:30:05


• Partial rollback of excise duty on cement and cement products 2010-02-26 12:29:30


• Excise duty on petrol, Diesel up by Re 1 2010-02-26 12:27:17


• Some opposition members walk out after hike in excise duty on petrol, diesel 2010-02-26 12:26:54


• Excise duty on SUVs, MUVs hiked 2010-02-26 12:26:47


• Excise duty on oil products hiked 2010-02-26 12:26:35


• Sensex surges 280 points 2010-02-26 12:26:31


• Sops for real estate housing projects to be extended 2010-02-26 12:22:14


• To enhance tax audit limit for small businesses to Rs 60 lakh 2010-02-26 12:22:11


• To partially rollback central excise duty 2010-02-26 12:21:52


• Relief for 60% of taxpayers 2010-02-26 12:20:48


• Surcharge on domestic companies cut to 7.5% 2010-02-26 12:19:12


• Tax on income above Rs 8 lakh at 30% 2010-02-26 12:18:39


• No tax on income up to Rs 1.6 lakh 2010-02-26 12:16:42


• Rs 5 lakh to Rs 8 lakh slab taxed at 20% 2010-02-26 12:15:24


• Rs 1.6 lakh - Rs 5 lakh slab taxed at 10% 2010-02-26 12:12:24


• No tax on income up to Rs 1.6 lakh 2010-02-26 12:10:00


• Saral - II for individual taxpayers in two pages 2010-02-26 12:00:43


• Pranab announces new tax structure 2010-02-26 12:00:04


• Advanced tax receipts expected at Rs 7.46 lakh cr 2010-02-26 11:59:36


• Total expenditure is within target 2010-02-26 11:59:27


• To include subsidies into physical accounting 2010-02-26 11:59:19


• Fiscal deficit target for FY 12 is 4.2% 2010-02-26 11:59:14


• To recruit 2000 youths to central constabulary 2010-02-26 11:59:07


• Fiscal deficit for 2010-11 is 5.5% 2010-02-26 11:58:12


• 15% increase in planned expenditure 2010-02-26 11:58:03


• Defence allocation at Rs 1.47 lakh cr 2010-02-26 11:58:00


• Health insurance for NREGA beneficiaries 2010-02-26 11:57:47


• Rs 2600 cr for Minorities Commission 2010-02-26 11:54:26


• Rs 1900 cr for UAID project 2010-02-26 11:54:02


• To rewrite and revamp financial sector laws 2010-02-26 11:54:00


• Govt to boost all rural literacy mission 2010-02-26 11:53:57


• Govt to set up financial sector commission 2010-02-26 11:53:52


• Govt to launch five more food parks 2010-02-26 11:53:23


• Social sector spending increased to Rs 1.37 lakh cr 2010-02-26 11:28:59


• Indira Awas Yojna allocation up to Rs 1000 cr 2010-02-26 11:28:51


• Rs 1,200 cr for drought mitigation in Bundelkand area 2010-02-26 11:28:44


• Rs 66,100 cr for rural development 2010-02-26 11:28:38


• To extend housing interest subsidy scheme for one more year 2010-02-26 11:28:35


• Rs 5,400 cr for urban development 2010-02-26 11:28:31


• Rs 100 cr for financial inclusion fund 2010-02-26 11:28:26


• Rs 31,000 cr for primary education 2010-02-26 11:28:23


• Allocation for Bharat Nirman at Rs 48,000 cr 2010-02-26 11:28:20


• NREG scheme allocation stepped up 2010-02-26 11:28:15


• All villages with 2000+ population to get banking facilities by 2012 2010-02-26 11:27:50


• Allocation of Rs 22,300 cr to Health Ministry 2010-02-26 11:26:55


• Govt ready with Food Security bill 2010-02-26 11:22:56


• Propose to double allocation to Ganga clean-up mission 2010-02-26 11:22:35


• Rs 200 cr to Goa govt to meet green cover 2010-02-26 11:22:21


• Coal Regulatory Authority to be set up 2010-02-26 11:21:36


• Rs 300 cr for Rashtriya Krishi Yojna 2010-02-26 11:21:31


• Plan allocation for power more than doubled in 2011 2010-02-26 11:20:40


• Provided more than Rs 16,500 cr for railways 2010-02-26 11:16:50


• 46% of total plan dedicated to infrastructure 2010-02-26 11:16:41


• Additional funds for upgrading infrastructure in rural and urban areas 2010-02-26 11:16:31


• Will extend Green revolution in Eastern states 2010-02-26 11:13:39


• To extend 2% interest subvention for one more year 2010-02-26 11:13:22


• Stimulus package to continue 2010-02-26 11:13:06


• Food inflation should come down in 2010-11 2010-02-26 11:13:01


• RBI to give additional licenses to NBFCs 2010-02-26 11:12:20


• With the economy recovering, need to review public spending 2010-02-26 11:11:37


• No to more private banks 2010-02-26 11:10:18


• Real GDP growth was down to 6.7% in 2008-09 2010-02-26 11:08:58


• Consistent policy on downstreaming investment 2010-02-26 11:08:53


• FDI regime has been simplified 2010-02-26 11:08:47


• Listing of PSUs will ensure corporate governance 2010-02-26 11:08:43


• Nutrient based subsidy policy will be effective by April 01, 2010 2010-02-26 11:08:39


• Govt to raise Rs 35,000 cr through disinvestment 2010-02-26 11:08:35


• Implementation of GST by April 2011 2010-02-26 11:08:27


• Process for building a simple taxation system 2010-02-26 11:08:06


• Bad monsoon affected food prices adversely 2010-02-26 11:07:59


• Valuation of listed PSUs has increased greatly 2010-02-26 11:07:42


• Govt will implement Direct Tax Code from April 2011 2010-02-26 11:07:15


• Gradual phasing out of fiscal stimulus 2010-02-26 11:05:51


• GDP growth in 2009-10 may be higher 2010-02-26 11:05:48


• Fiscal stimulus in 2009-10 is a success 2010-02-26 11:05:45


• Govt has taken steps to ensure food security and bring inflation down 2010-02-26 11:05:42


• Challenge is to improve governance 2010-02-26 11:05:39


• India was first to implement counter-cyclical policies 2010-02-26 11:05:24


• Focus will be on social sector reforms 2010-02-26 11:05:21


• Growth registered a strong rebound in the second quarter 2010-02-26 11:05:17


• Govt must deliver to lesser privileged sector 2010-02-26 11:01:03


• Increasing food prices a matter of concern 2010-02-26 11:00:57


• Many new initiatives in various sectors of economy 2010-02-26 11:00:43


• Challenges to make growth inclusive 2010-02-26 11:00:37


• Focus of economic activity has shifted to non-govt sectors 2010-02-26 10:59:32


• Modernisation of PDS a priority for the govt 2010-02-26 10:59:21


• We have to sustain food security in rural areas 2010-02-26 10:59:16


• We have to make recovery more broad-based in coming months 2010-02-26 10:59:08


• Our task is to quickly revert to high GDP 2010-02-26 10:52:55


• We were unsure about turnaround in the economy 2010-02-26 10:51:51


• We have weathered the crisis well 2010-02-26 10:51:49


• We began with uncertainty but we are moving ahead 2010-02-26 10:51:46


• Pranab Mukherjee begins Budget speech 2010-02-26 10:51:41


• Pranab to present Budget amid debate on stimulus rollback 2010-02-26 10:51:33


• Sensex trims gains ahead of Budget speech 2010-02-26 10:51:30


• Pranab briefs cabinet ahead of Budget speech 2010-02-26 10:51:27


• Sensex trading in positive territory 2010-02-26 10:26:05


• Sensex gains, await cues from Budget 2010-02-26 09:53:13


• Pranab rated as one of the best 5 FMs of the world for the year 1984 2010-02-26 09:52:30


• Pranab began his career as a college-teacher and later as a journalist 2010-02-26 09:50:32


• Sensex opens flat 2010-02-26 09:04:31


• Govt to accept major recommendations of 13th Finance Commission 2010-02-25 18:02:54


• Medium term prospects of Indian economy really strong 2010-02-25 14:51:26


• FY 10 trade outlook has brightened 2010-02-25 14:37:37


• Recovery creates scope for gradual pullback of stimulus 2010-02-25 14:35:11


• High double-digit food inflation in 2009–10 a great concern 2010-02-25 14:34:03


• Current fuel prices not fiscally sustainable 2010-02-25 14:33:00


• More than 500,000 jobs added in second quarter 2010-02-25 14:31:50


• Double-digit food inflation a great concern 2010-02-25 13:36:37


• VAT introduction to boost states' tax revenues 2010-02-25 13:33:35


• Survey: Steel outlook for 2010 remains positive 2010-02-25 13:32:22


• Economic Survey: Service sector growth seen at 8.7% 2010-02-25 12:23:38


• Economic Survey: India's GDP expected to return to 9% growth in 2011-2012 2010-02-25 12:20:47


• Economic Survey: Hike in fuel prices will impact inflation 2010-02-25 12:19:24


• Economic Survey: High double-digit food inflation in 2009-10 a great concern 2010-02-25 12:16:02


• Pranab ready to present budget tomorrow 2010-02-24 18:59:10


• Funding for metro rail projects to be increased by 5% 2010-02-24 16:14:47


• No increase in rail passenger fares 2010-02-24 16:14:08


• IT exemption limit raised-Budget2009 2010-02-24 15:38:28


​