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 :: empanelment :: TDS :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: form 3cd :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: VAT RATES :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4%
« Budget Extravaganza »
 Are you expecting good tax breaks in Budget 2017? Think again
 Budget 2017: Home insurance premium should get income tax exemption
 Demonetisation may be the trigger for any increase in service tax rate this budget
 10 things Arun Jaitley can do to make it a Budget for the middle class
 How budget 2017 can ease pain of demonetisation via income tax sops
 Budget 2017: Do we expect an overhaul of personal income tax rates and slabs?
 All eyes on Budget 2017 proposals on capital gains tax
 Budget-2017 And Gst Expectations
 Income Tax Appellate Tribunal, Kolkata Benches Kolkata Constitution of kolkata Benches for One Week From 16.01.2017 To 19/01/2017
 What’s the big deal if budget presented on Feb 1, which law violated? SC asks PIL petitioner
 What aam aadmi wants from Budget 2017

Budget 2010-11 gets off the ground
September, 17th 2009

The finance ministry on Thursday kicked off the budget-making exercise for 2010-11 by asking other government wings to review all schemes that can be eliminated, reduced or be merged with other schemes. Ministries are also asked to assess the continued relevance of all existing schemes to improve efficiency and reduce duplication.

The finance ministry wants individual departments to take all efforts to minimise the quantum of unutilised funds surrendered by making a thorough assessment of the fund requirement initially. This helps in a more focused utilisation of available resources.

The estimates of disinvestment of equity holdings in public sector enterprises may be centrally furnished by the department of disinvestment, according to the circular.

It is necessary to review the existing expenditure budget in the first instance, to prioritise the activities and schemes, both on the plan and non-plan side and identify those activities and schemes, which can be eliminated or reduced in size or be merged with any other scheme.

All ministries and departments were expected to take up the exercise of reviewing or evaluation of all ongoing schemes to determine their continued relevance, said Finance ministry in its instructions to all other ministries on making budget estimates for the next fiscal.

The instruction to carefully review existing schemes is aimed at possible streamlining of welfare measures so that resources can be utilised optimally. Finance minister Pranab Mukherjee had said after the recent G-20 meeting that the government will not exit from the stimulus measures before the economy is fully revived.

Reserve Bank governor D Subbarao also said this week the central bank would not roll back its soft monetary policy before the economic recovery is secure.

The circular from the department of economic affairs also suggested that ministries should not include schemes, which are supposed to be discontinued from the next fiscal onwards, in the budget estimate.

The estimate of expenditure will be finalised after the expenditure secretary meets financial advisors from all ministries by October-November, 2009, the circular said.

To reduce the possibility of funds remaining locked up in various government wings unutilised, which deprives resources for other needy agencies, finance ministry said that due note may be taken of past performance while framing the estimates.

Also, the stages of formulation and implementation of various schemes, the capacity of the implementing agencies to implement the scheme as scheduled, the constraints on spending, and the quantum of government assistance lying with the recipients unutilised should be considered.

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

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