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Finance & Accounts
Budget Critics
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Budget
Functional Area :
Politics
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About "Budget Critics" topic:
Hi everyone
I am listing the negative aspects of this budget.
You can add your points.
Mine would be against the rise in MAT. What is the point in taxing a loss making company?
Do leave your opinions.
1 insight
on topic: "Budget Critics"
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Union budget 2010 is currently being presented by Mr. Pranab mukherjee in the Parliament right now, and this is the 5th budget that Mr. Pranab mukherjee will be presenting, and speech has already begun and these are some of the key points that our Finance minister has made and these are the 2010 budget highlights that have come out till now. Indian budget highlights 2010: 1. No income tax upto Rs 1.6 lakh 2. 10% income tax on Rs 1.6 - Rs 5 lakh 3. 30% income tax on Rs 8 lakh and above 4. 20% income tax on Rs 5 - Rs 8 lakh 5. Indirect taxes coming up 6. Direct tax receipts to fall by Rs 56,000 cr 7. Infotech usage in tax management to be enhanced 8. Tax paying interface to be de-cluttered' 9...
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Omkar Kulkarni
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| 2 years ago
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Our FM saya this budget is belongs to common man. Where is common man in this budget?
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O.V.SRINIVASAN
| Commented
| 2 years ago
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raise in fuel what way benefits aam aadmi
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Insight: "2010 Budget highlights " deleted from your view.
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Fiscal deficit * Fiscal deficit seen at 5.9 percent of GDP in 2011-12 * Fiscal deficit seen at 5.1 percent of GDP in 2012-13 Revenue and Taxes * Personal income tax exemption limit raised to Rs 200,000. Those in the Rs 2 lakh-Rs 5 lakh bracket will now be under the 10% slab. Those in the Rs 5 lakh-Rs 10 lakh bracket will come under the 20% slab * Service tax rates raised to 12 per cent from 10 per cent; School education, though, will be exempt from service tax. * Seventeen services exempt from tax net * Rs 10000-crore tax fee bonds for power sector * The Securities Transaction Tax (STT), imposed while buying and selling shares, is brought down by 20%. selling shares, is brought down by 20%. * Indian film industry exempted from service tax on copyright * Interest earned from bank deposits to stay tax free up to Rs 10,000 * No advance tax requirement for senior citizens * No change in corporate tax rates * Govt to move towards Direct Tax, Income Tax exemption limit raised to Rs 2...
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The following is a reproduction of from an article I wrote in 2004. 1. Harnessing the vast human resource in the country shall be the main objective. Most of the unrest and disharmony happening every where, may it be of social, political, various disruptions caused by actions and counter actions of different ethnic groups and communities turning into religious extremism, are due to the shift in the focus of life among the mass especially the village youth, and political are due to desperation fermenting of the prevailing situation that deprive them options and opportunities to grow up and lead a normal life. To alleviate it, the primary focus shall be on the uplift of the 750 odd million rural population, by providing them basic amenities such as a home to live, clean water, cheap electricity and fuel, primary healthcare, free basic education, effective public distribution system, good roads and other infrastructure, and a minimum assured income from agricultural or trade...
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