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 India budgets income tax relief, more money on welfare
SME Times Bureau | 24 Feb, 2010
Further relief for individual tax payers, a steep hike in allocations for welfare schemes and infrastructure were among the high points of India's budget for 2010-11 presented Friday by Finance Minister Pranab Mukherjee, who said the worst was over and promised high, inclusive growth in the coming years.
"Today, as I stand before you, I can say with some confidence we have weathered this crisis well," Mukherjee told the Lok Sabha, the lower house of parliament, while presenting the federal budget for the next fiscal.
"That is not to say that the challenges today are any less than they were nine months ago, when the UPA (United Progressive....
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| Highlights of General Budget 2010-11 |
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- Emphasis on consolidated growth, improving investment environment, inclusive development and strengthening transparency and public accountability
- The total expenditure proposed in the budget estimates is Rs.11,08,749 crore, an increase of 8.6 percent over last year
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This year the Finance Minister had to consider
several factors and act accordingly in the Union Budget. And he has
risen to the expectations to a certain extent. Although the equity
markets gave the thumbs down to what Pranab Mukherjee...
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Giving relief to the middle income people, Finance Minister Pranab Mukherjee on Friday widened the personal income tax slabs in Budget 2010-11. Here are some of the items which are set to become dearer or cheaper.... Read More
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To understand the intricacies of Budget, one needs to know the terms which
the Finance Minister refers to from time to time in his speech. The Budget
is full of technical jargon that is pure Greek for most of us. Here's a
simplified financial glossary of words and phrases. |
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| The men who changed the face of the Indian economy, the finance ministers who shaped the future of India, the interesting facts about the saga of budgeting... |
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