Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: TDS :: articles on VAT and GST in India :: empanelment :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: VAT RATES :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: due date for vat payment
Budget Extravaganza »
 Seeks to amend certain customs notifications in pursuance to change made in Budget 2017-18.
 New look finance ministry team to frame contours of Budget 2018
 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

Don't have high hopes on BBMP budget
August, 18th 2011

Don't expect any new infrastructure project when the BBMP presents its budget on Thursday. It'll give thrust to development of roads in newly added areas as announced in the last budget.

Despite finance crunch, the Palike is set to go in for another inflated budget with an outlay of nearly Rs 11,000 crore. Last year, BBMP presented an inflated budget of Rs 8,848 crore. But not even 30% of the works announced were taken up due to lack of funds.

As of July 31, BBMP got total loan of Rs 2,903 crore from different financial institutions. "The move now is to raise loan from Hudco (Housing and Urban Development Corporation) for Rs 3,000 crore and repay the ones taken from other private banks. But the loan will blow up the budget outlay,'' officials said.

"The problem that BBMP faces is inadequate resources. The city is growing but the corporation is not getting enough funds and revenue generation hasn't been good. That's why, most of the projects declared last year haven't seen the light of the day," said ABIDe member Ashwin Mahesh.

Once again, city legislators are eyeing the budget - they have demanded that Rs 140 crore be kept aside as MLA's fund. There are 28 assembly constituencies within BBMP's limits and most of the MLAs are from BJP. Last year, when MLAs had made similar demands, corporators from Congress and JD-S had taken objection and it was scrapped. But this year, the MLA fund is likely to be added in the budget.

Besides, this year the mayor's fund will be of Rs 100 crore and the deputy mayor will get Rs 25 crore which can be used for infrastructure work.

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

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