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: cpt :: articles on VAT and GST in India :: due date for vat payment :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: form 3cd :: ACCOUNTING STANDARDS :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: empanelment
 
 
« Budget Extravaganza »
 How presenting the Budget early seems to be paying off already
 Budget advancement helps Centre, states start spending early
 Five things that you can expect from the Mumbai civic budget today
 GST all set for July 1 rollout but casts shadow on state budgets
 Income-Tax collection revised in Rajasthan budget
 No new taxes likely in Maharashtra Budget
 H.P. budget devoid of any financial prudence
 GST, demonetisation todecide budget priorities
 Railways to come up with mini-budget tomorrow
 Budget today, but GST kills the tax suspense
 Budget 2017 does little to expand taxpayer base, salaried still bear brunt of taxes

House passes Budget, duty rollback pleas rejected
May, 05th 2010

Parliament on Tuesday passed the budget 2010-11 with the finance minister Pranab Mukherjee remaining firm and turning down all pleas for a rollback of increase in duties on fuel.

It is not possible as the situation is very difficult. Please bear with me and let us wait for better days, Mr Mukherjee said winding up the debate on the Finance Bill in the Upper House. Rajya Sabha then returned the Bill to the Lok Sabha, the lower house of Parliament, thus completing the nine-week Budget exercise.

Mr Mukherjee had in the Budget for 2010-11 raised excise and customs duty on auto fuels to raise Rs 26,000 crore. The hike in duties had resulted in hike in petrol prices by Rs 2.71 a litre and diesel by Rs 2.55 per litre in Delhi.

The opposition had demanded roll-back of the duties saying the fuel price hike hurt the common man already struggling on account of high food prices.

Admitting that food prices were high, the finance minister emphasised on the need to revamp the Public Distribution System (PDS) to blunt the impact of inflation on common man. PDS must be in place. It must be functional.

Sitting at the Centre, it is not possible to run PDS. Primarily, it is the responsibility of the states, Mr Mukherjee said.

Food inflation moderated to 16.61% during the week ended April 17 from over 20% in December last year. No doubt inflation is an important issue. It is affecting the life of common people... if the food inflation is high, any kind of economic logic is not going to satisfy the hungry man, he said.

He said the government has decided to offload stocks to the states at prices at which the Centre has procured. It is not possible to provide subsidy across the board as the Centre has been providing subsidised foodgrains to different vulnerable sections of the society.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

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