Budget 2010 analysis and discussion
Budget 2010 is live now. Finance Minister Pranab Mukherjee has done a decent job this time. Major highlights are as follows:
Petrol price hike by Rs 2.67/litre:NW Diesel price hike by Rs 2.58/Litre: NW Govt's push for infra development to boost GDP growth NMDC, SJVN stake sale to fetch Rs 25000 cr in FY'10 Expect govt to push for disinvestment FM has kept the impetus on disinvestment Fiscal expansion was not sustainable for long Limit for tax credit increased from Rs. 40 to Rs. 60 lks Reduction in surcharge on domestic cos from 10% to 7.5% Commitment to rollout DTC Lower tax burdens on individuals To give Rs.16500 cr to PSU banks in FY'11 Govt to keep service tax unchanged at 10% To raise duty on gold imports to Rs 300/10 grams To raise duty on gold and silver imports To grant project import status for HITS To grant project import status for monorails Excise duty on CFL halved to 4% Imposed 4% excise duty on electric cars To waive excise duty on photovoltaic panels To restore 7.5% duty on petrol and diesel To restore 5% duty on crude petroleum Rollback in excise duty to 10% |
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How this budget impact the IT software sector in India? Any ideas..
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hmmmm... no wonder....
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this budget does not have anything for bloggers and freelancers.?
RBI keep blocking their money and paypal is not interested to work in India. There is nothing about 3G and NPS. |
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