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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: due date for vat payment :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: VAT Audit :: TDS :: cpt :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: form 3cd
« Budget Extravaganza »
 Government should reinstate wealth tax in Budget 2017
 With demonetisation inducing tax compliance will PM Modi cut tax rates in Budget 2017?
 State plan budget utilisation in Odisha
 Maharashtra wants budget advanced to February
 Coastal economic zones may get 10-year tax exemption in next Budget
 Why advancing the Union Budget date may not make much difference
 Govt keen 2017-18 budget should not clash with polls: Arun Jaitley
 Finance Ministry seeks industry suggestions on taxation for Budget
 Budget should focus on fiscal firm up
 Finance ministry keen to present Budget on February 2 or earlier
 Poor railway performance may mar merged Budget

A balanced and forward looking budget
March, 18th 2010

Chairman, CII Punjab State Council  Gunbir Singh, welcomed the balanced and comprehensive budget presented by the Finance Minister of Punjab Manpreet Singh Badal. He said that Government of Punjabs focus on fiscal management will help the state in reducing its revenue and fiscal deficit. 

CII appreciates the Government of Punjabs special focus on improvement of infrastructure in the state. The power sector has received maximum outlay in the budget amounting to about 25% of the total plan outlay. Also, outlay on the road sector has been increased to Rs. 1,100 crores along with Rs. 916 crore provided by the PIDB for creation of Infrastructure.

On Sill Development, singh. said budget provides for up-gradation of 35 Industrial Institutes into Centres of Excellence, up-gradation of technical institutions into multipurpose academies and up-gradation of Government Polytechnics and ITIs. Also, the Government plans to set up 7 new Polytechnics, increasing the numbers of C-PYTE centers to 20 and establish Engineering Institute in the campus of Polytechnic at Lehragaga. These policy measures will go long way in resolving the skill gap in the state.

On environment and climate change, Gunbir Singh said the measures announced in the budget are forward looking. Some of the major announcements made in the budget are outlay of Rs. 10 crore for R&D in climate resilient agriculture, encouraging the use of energy efficient CFLs and Water conservation, water treatment and recycling.

Singh said that the budget provisions related to agriculture will go long way in betterment of agriculture sector in the state. Some of the positive measures announced in the budget are renewed emphasis on the Agricultural Research and Development by enhancing the provision to PAU , Ludhiana to Rs. 105 crore in the year   2010-11 and allocation of Rs. 331 crore for agriculture and allied sectors. Additionally, the Irrigation Sector received special focus with 18 % jump in its outlay. The Government aims to enhance the intake capacity of canals to increase irrigation potential and has allotted Rs. 645 Crore for the purpose.

Government increased the Electricity duty from 1% to 3%. However, the entertainment tax has been reduced to 25% from 125%. 

On increased focus on IT usage in the State Administration, Gunbir Singh said that it will reduce the time for processing and increase transparency in the Government Departments.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

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