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: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: VAT Audit :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: empanelment :: due date for vat payment :: form 3cd :: VAT RATES
« 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

UP assembly budget session begins today
May, 28th 2012

Chief minister Akhilesh Yadav in an all party meeting convened at his official residence on Sunday said the party's elected representatives would lay emphasis on taking up issues of public interest during the budget session. The budget session of UP assembly will begin on Monday. On June 1, the Samajwadi Party government will present its maiden budget.

Addressing a gathering of the state's cabinet ministers, Speaker Mata Prasad Pandey and opposition party leaders Hukum Singh and Pramod Tiwari among others, Akhilesh also said matters where opposition parties want longer and detailed debates will be considered. He added that an effort will be made to give each elected representative a chance to voice their opinions during the assembly session. Effort will be made to ensure the proceedings are carried out peacefully.

On Monday, Governor BL Joshi will address the joint session of both the Houses. During the three-week session, the budget document is expected to throw light on how well SP manages the government funds in the face of party's election promises.

In the wake of the liquidity crunch that plagues the state, some of the key components of the state budget will include pushing through a proposal for unemployment allowance of about Rs 1,100 crore, apart from Rs 2,900 crore towards free tablet personal computers to 26 lakh students and free laptops to around 20 lakh students clearing class XII. To meet its electoral promises across sectors, the SP budget is expected to incur Rs 15,000 crore. In the education sector, the state budget will also set aside an amount that allows free education to all graduate women students. Free education will also be made available for students whose families have an annual income of less than Rs 5 lakh and are admitted to institutes of higher and technical education.

The budget is also expected to clarify how the SP government will tackle Rs 4000 crore losses accruing as a result of high Value Added Tax rates in the state. The overall plan size, which is expected to touch Rs 57,000 crore, could have a fiscal deficit component of Rs 980 crore in the current financial year. In order to ensure the state's fiscal deficit does not exceed Rs 20,000 crore, the government could also scrap some of the existing schemes in order to direct those funds into fulfilling existing poll promises.

The Samajwadi Party is also expected to take up the cause of free electricity supply to farmers and weavers -- costing Rs 4,000 crore -- apart from an additional Rs 700 crore expenditure for grants-in-aid for Muslim girls studying beyond class 10.

On the agriculture front, the government has promised remunerative prices of 50% over production cost to farmers, apart from promising to procure major crops from them. The budget is also expected to waive farmers' debts up to Rs 50,000 and offer farm loans at 1%.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Integrated Software Solutions Integrated Software Development Integrated Software Services Integrated Software Solutions India Integrated Softw

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