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Q.

What are the Highlights of Union Budget 2010-11 ?

Tags: travel, money, electronics
Asked by RAJESH ALHAT, 26 Feb '10 12:47 pm
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Answers (5)

1.

I think this is the best possible budget that Pranapji can present in the prevailing global economic depressions.

Following the highlights of the budget 2010 - 11----:-

Crop loan at 5% interest for farmers

Govt extends interest subvention scheme for home loans

Sops for exporters extended for another year
...more
Answered by anantharaman, 26 Feb '10 12:52 pm

 
  
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2.

The finance minister Shri Pranab Mukherjee lays emphasis on consolidated growth, improving investment environment, inclusive development and strengthening transparency and public accountability in budget 2010-11.

The total expenditure proposed in the budget estimates is rs.11,08,749 crore , an increase of 8.6 per cent over last year.

The plan and non-plan expenditure estimated at rs.3,73,092 crore and rs.7,35,657 crore respectively, an increase of 15 percent in plan expenditure and 6 per cent in non-plan expenditure over the be of previous year.

Fiscal deficit at 5.5 per cent of GDP works out to be Rs. 3,81,408 crore.
Rolling targets for fiscal deficit pegged at 4.8 per cent and 4.1 per cent for 2011-12 and 2012-13.
Net market borrowing would be of the order of rs. 3,45,010 crore leaving enough space to meet credit needs of private sector.

Against a fiscal deficit of 7.8 per cent in 2008-09 , inclusive of oil and fertilizer bonds, the comparable fiscal deficit is 6. ...more
Answered by Deepak Joshi, 26 Feb '10 04:55 pm

 
  
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3.

The prices of petroleum products to go up, and the tax slabs are changed, with aam aadmi left in lurch and the upper middle class and upper class getting all the benefits
Answered by rajnikant raiyarela, 26 Feb '10 04:47 pm

 
  
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4.

Nothing interesting to say now! Congress is an expert in passing 5 years like Mohammad bin Tuklukh did in the medieval period in India! 75% of the people are not concerned with this budget! If they do not disturb them it is well and good! Opportunities of people should not be narrowed; otherwise development will not be possible! Let them bring down prices of all items and then think about levying taxes further on already taxed items, Indian economy will boost!
Answered by T A RAMESH, 26 Feb '10 01:17 pm

 
  
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5.

Pranab Mukherjee, Finance Minister is optimistic that the 2010-11 budgets will contribute in enhancing the private investment which in turn will bring back the economy to a 9% growth.

While addressing a SIDBI (Small Industries Development Bank of India) in New Delhi, he said, "I am optimistic that the measures I have outlined in this year's budget will revive private investment and put the economy back on the growth path of 9 percent. The economy in 2009-10 would grow by 7.2 percent, which is impressive by global standards, while the growth during the 2010-11 will be between 8.25-8.75 percent."

Manmohan Singh, Prime Minister also declared that the Indian economy would see a growth of 9 percent till 2011-12 and after that in the 12th Five Year Plan it will go up to 10 percent. Mukherjee also reported that the direct tax collection for 2009-10 fiscal was far more than it was expected.

Till 2007-08, India saw an economic growth of 9% percent and after that in 2008-09 the econo ...more
Answered by anil garg, 11 May '10 12:51 am

 
  
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