Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT Audit :: empanelment :: list of goods taxed at 4% :: TDS :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: cpt :: form 3cd
 
 
« Budget Extravaganza »
 Demonetisation may be the trigger for any increase in service tax rate this budget
 10 things Arun Jaitley can do to make it a Budget for the middle class
 How budget 2017 can ease pain of demonetisation via income tax sops
 Budget 2017: Do we expect an overhaul of personal income tax rates and slabs?
 All eyes on Budget 2017 proposals on capital gains tax
 Budget-2017 And Gst Expectations
 Income Tax Appellate Tribunal, Kolkata Benches Kolkata Constitution of kolkata Benches for One Week From 16.01.2017 To 19/01/2017
 What’s the big deal if budget presented on Feb 1, which law violated? SC asks PIL petitioner
 What aam aadmi wants from Budget 2017
 Have you availed these new home loan tax benefits of Budget 2016?
 The budget should cut corporate tax rates drastically

Pranab to present insipid Budget-2012
January, 31st 2011

Finance Minister Pranab Mukherjees Budget-2012 will be devoid of any big-ticket announcement as the Government remains unsure about the stability of economic recovery, both at home and globally. The focus will be on sensitive sectors like agriculture, health and education. These are likely to see the fund allocation rise by 15 per cent in financial year 2011-12 over the previous year. The Science & Technology Ministry will also see a sizeable increase in its fund allocation.

A senior Government official involved in the Budget plan told The Pioneer that the apex planning body, Planning Commission, has cut out a gross budgetary support (GBS) of Rs 4,47,000 crore for FY2011-12. However, it has not been approved by the PMO yet as Planning Commission Deputy Chairman Montek Singh Ahluwalia was in Davos for the recently-concluded World Economic Forum.

The agriculture, health and education sectors had been under-funded in the previous years of the 11th plan. The increase for education and health is on account of schemes like the Sarva Siksha Abhiyan and National Rural Health Mission. As for agriculture fund, the Government has faced much criticism on account of the supply-demand mismatch of several commodities as a result of stagnancy in production.

The official said that there would not be any big-ticket new schemes or plans in FY2011-12 as this was the last year of the 11th Five-Year Plan and the commission didnt want to carry over the schemes in the 12th Five-Year Plan. We are avoiding new plansWe will bring these in the 12th Five-Year Plan, the official told The Pioneer.

The official said that the Government would meet its fiscal deficit target of 5.5 per cent of the GDP in the current fiscal. This is on account of higher than expected revenue from the auctioning of 3G and BWA spectrum (Rs 1.06 lakh crore). Other factors that would help the Government meet the fiscal deficit target include increased tax collections, revenue accrued from the stake sale in public sector companies, decontrol of petrol (thereby reducing the petrol subsidy) and introduction of nutrient-based subsidy in fertilisers barring urea.

However as The Pioneer had reported earlier, the Government is expected to go for urea decontrol this year, a move that could substantially reduce its subsidy burden.

For FY2010-11, the GBS was Rs 2,80,600 crore (Budget Estimate I) and the Government has provided Rs 74,401 crore more as supplementary till now.

Source: http://www.dailypioneer.com/314375/Pranab-to-present-insipid-Budget-2012.html

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions