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 :: TDS :: list of goods taxed at 4% :: VAT RATES :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: cpt :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: form 3cd :: due date for vat payment
« Budget Extravaganza »
 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
 Cabinet’s formal nod to be sought for Budget on Feb. 1
 Finance Ministry may talk to EC before finalising Budget date
 Govt starts biggest ever overhaul of Budget
 How does an early budget impact you
 Welcome steps to overhaul the Budget

Budget session: Highlights of President Pratibha Patil's speech
March, 12th 2012

Stating that the UPA was committed to honest and efficient governance, President Pratibha Patil on Monday said India would soon be back on the high growth path of 8-9% from the 7% estimated for the current fiscal. Addressing the joint session of parliament on the first day of the budget

session, the president said the current year had been a difficult year for global economy.
Below are the highlights of President's speech to the joint session of parliament on the opening day of the budget session;

* Government confident of steering the country back to 8-9% GDP growth trajectory.

* Steps taken to contain the generation and outflow of illicit funds from the country, including new income tax overseas units, signing of new DTAAs and tax information exchange agreements.

* Agricultural sector grew at 6.6% during 2010-11, the highest in recent times.

* National Food Sercurity Bill introduced in Lok Sabha in the winter session.

* Slew of anti-corruption measures introduced by the government include the Lokpal bill, whisteblowers protection bill, citizens right to grievance redress bill and judicial accountability bill.

* National vocational education qualification framework being developed to set common principles and guidelines.

* Government aims to provide skill training to 8.5 million people during 2012-13 and 80 million people during the 12th Five Year Plan (2012-17). It will set up 1,500 new Industrial Training Institutes and 5,000 Skill Development Centres in the public-private- partnership mode.

* National Commission for Higher Education and Research to be constituted.

* National Mission for Teachers to be constituted to improve teacher's education and faculty development.

* Major amendments to the Child Labour (Prohibition || chr(38) || Regulation) Act to prohibit employment of children under 14 years of age.

* Plan and non-plan public expenditure at the centre and in the states to be increased to 2.5 percent of the GDP by the end of the 12th Plan to attain the goal of universal healthcare. Universal access to free generic essential medicines in public health institutions in a phased manner. The National Rural Health Mission will be converted into a National Health Mission.

* New bill for eliminating manual scavenging and insanitary latrines.

* Separate Department of Disability Affairs to be created. Government is also considering new legislation for the disabled to replace the existing act.

* Government will set up a National Council for Senior Citizens as a broad-based participatory forum.

* Early enactment of the land acquisition, rehabilitation and resettlement bill.

* Launch the National Urban Livelihood Mission.

* Bill to provide for a uniform regulatory environment to protect consumer interests, help speedy adjudication and ensure orderly growth of the real estate sector.

* Emphasis on automated delivey of public services.

* National Board of Electric Mobility and National Council of Electric Mobility formed to promote electric automobiles.

* National Investment and Manufacturing Zones to be established.

* National optical fibre network to be created at a cost of Rs 20,000 crore.

* National Programme for the Urban Homeless to be formed.

* Civil Aviation Authority to be created to ensure safe, secure and affordable air services. An independent Air Accident Investigation Bureau to be constituted. Air traffic management services and airports will be upgraded and modernized.

* Biotechnology Industry Research Assistance Council being set up as a not-for-profit entity to facilitate the growth of the biotech industry.

* Medical institute and super-speciality hospital to be set up as a mega healthcare infrastructure project for the central paramilitary forces.

* India's first microwave remote sensing satellite, first navigational satellite and next flight of GSLV using indigenous cryogenic upper stage planned for 2012.

* Eighteen terrorist modules neutralised in 2011. NCTC to improve India's capability to counter internal security threats.

* Installed capactity of nuclear plants expected to rise to 10,080 MW by the end of the 12th Plan.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

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