Facebook is a great place to keep in touch with friends, post photos, videos and create events. But first you need to join! Sign up today to create a profile and connect with the people you know.
Thanks, The Facebook Team
Already have an account? Add this email address to your account here.
This message was intended for shankarprinters@gmail.com. If you do not wish to receive this type of email from Facebook in the future, please click here to unsubscribe. Facebook's offices are located at 1601 S. California Ave., Palo Alto, CA 94304.
-- You received this message because you are subscribed to the Google Groups "Bharat Nirman" group. To unsubscribe from this group, send email to bharat-nirman+unsubscribe@googlegroups.com
The Union Budget was released amidst a lot of expectations from the industry and has surprised the market on a positive note. We bring to you an exclusive and detailed analysis of the Union Budget 2010-11 and its key highlights.
Key highlights of Budget 2010-11
Rs 16,500 crore has been provided to ensure that Public Sector
Banks are able to attain a minimum 8% Tier-I capital by March 31, 2011
Rs 1,73,552 crore has been provided for infrastructure development,
which accounts for over 46% of the total plan allocation. Allocation for road transport has been increased by over 13% from Rs 17,520 crore to Rs 19,894 crore
Plan allocation for the power sector excluding Rajiv Gandhi Grameen
Vidyutikaran Yojana (RGGVY) doubled from Rs 2,230 crore in 2009-10 to Rs 5,130 crore in 2010-11
The Plan and Non-Plan expenditures in BE 2010-11 are estimated at
Rs 3,73,092 crore and Rs 7,35,657 crore, respectively. While there is a 15% increase in Plan expenditure, the increase in Non-Plan expenditure is only 6% over the BE of the previous year
Fiscal deficit for BE 2010-11 has been estimated at 5.5% of GDP, which
works out to Rs 3,81,408 crore
Direct Taxes
Income tax slabs for individual taxpayers to be as follows
Income up to Rs 1.6 lakh - Nil
Income above Rs 1.6 lakh and up to Rs 5 lakh - 10%
Income above Rs 5 lakh and up to Rs 8 lakh - 20%
Income above Rs 8 lakh - 30%
Deduction of an additional amount of Rs 20,000 allowed, over and
above the existing limit of Rs 1 lakh on tax savings, for investment in long-term infrastructure bonds as notified by the Central Government
Rate of minimum alternate tax (MAT) increased from the current rate
of 15% to 18% of book profits
Indirect Taxes
Rate reduction in central excise duties to be partially rolled back and
the standard rate on all non-petroleum products enhanced from 8% to 10% ad valorem
The specific rates of duty applicable to portland cement and cement
clinker has also been adjusted upwards proportionately. Similarly, the ad valorem component of excise duty on large cars, multi-utility vehicles and sports-utility vehicles has been increased by 2 percentage points to 22%
The basic duty of 5% on crude petroleum, 7.5% on diesel and petrol
and 10% on other refined products has been restored. Central excise duty on petrol and diesel has been enhanced by Re 1 per litre each
