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

To present budget today
July, 24th 2009

Finance Minister K. Rosaiah will present the State annual budget for 2009-10, his 15th overall and seventh in a row, in the Legislative Assembly on Friday.

As has become the practice, the budget is likely to be tax-free in spite of the fall in the governments revenue. Yet, the budget will continue thrust on Jalayagnam, the flagship programme of the Congress government. Allocations to the social welfare sector may not suffer a cut but, in all likelihood, the axe will fall on the allocations to non-priority areas.

The Finance Minister is learnt to have decided to put on hold some programmes like construction of buildings and other infrastructure related to the government that can be postponed to ensure smooth flow of funds to other sectors where expenditure was inevitable. The shortfall in the revenues is expected to be of the order of Rs.18,000 crore.

Mr. Rosaiah presented Rs.1.05 lakh crore vote on account budget on February 5 this year, but was out of line in achieving the average annual growth of 20 per cent from the previous years Rs.1.04 lakh crore. Given the anticipated shortfall in revenues, the budget is unlikely to cross the Rs.1 lakh crore.

There is a gap between resources and expenditure and we are taking steps to bridge it, the Finance Minister told The Hindu.

The effort was to dovetail some of the major ongoing schemes like housing to Indira Awas Yojana and weaker section housing programmes for securing maximum Central assistance.

The government is also aiming at securing maximum Central assistance under rural employment guarantee programme and Jawaharlal Nehru National Urban Renewal Mission. Once we have more money to spend, it will generate more revenues and create more employment, he said. Apart from the budget, spiralling rise in prices of essentials, construction of projects across Krishna and Godavari by neighbouring States, crisis in agriculture sector due to delay in monsoon and arrest of TDP legislator T.V. Rama Rao are some of the issues that are likely to dominate the proceedings during the session.

The TDP is gearing up to corner the government on its failure to prevent Maharashtra government from completing Babli and other projects, while the Left parties have decided to focus on price rise during the session.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Sitemap

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