co-presented by
ASSOCIATE SPONSORS
co-presented by
ASSOCIATE SPONSORS
In his budget speech, Finance Minister Pranab Mukherjee laid down the guidelines for next fiscal.
Spending on, critical rural, infrastructure, and social security, schemes – eg, NREGA, Bharat Nirman have been been increased by Rs 10,000 crore to Rs 58,000 crore given the government’s commitment towards inclusive growth.
India’s telecom sector is one of the world’s fastest growing sectors and is on the verge of becoming the world’s second largest telecom sector. The number of mobile subscribers stands at 752.19 mn in December 2010
Finance Minister Pranab Mukherjee today proposed to raise the income tax exemption limit for general tax payers to Rs 1.80 lakh per annum from Rs 1.60 lakh at present.
Government cuts Custom Duty on yarn to 5% from 7.5%.
Government has announced investment deduction for farm sector capex.
Banking has shown a strong growth in the FY11, especially the robust results in the last few quarters have bestowed strength in the banking sector.
Finance Minister Pranab Mukherjee today proposed to raise the income tax exemption limit for general tax payers to Rs 1.80 lakh per annum from Rs 1.60 lakh at present and introduced a high new tax slab for senior citizens of 80 years and above.
Government has hiked export duty to 20% for iron ore.
Government has proposed to raise service tax on air travel.
Finance Minister Pranab Mukherjee' Union Budget 2011-12 was supporting the Indian equity benchmarks. The Nifty gained 62 points at 5,365 and the Sensex rallied 216 points to 17,917.
RBI Reference Rate for US $ and Euro
While presenting the Union Budget in Lok Sabha, Finance Minister Pranab Mukherjee announced that rate of tax on services will unchanged at 10%. He has added more services to the list.
Firstcall Research is bullish on Kewal Kiran Clothing and has recommended buy rating on the stock with a target of Rs 561 in its February 26, 2011 research report.
Government has slashed import duty on gypsum and coal from 5% to 2.5%.
The Finance Minister has maintained the base corporate tax at 30%. However, the surcharge has been cut to 5%. He has increased Minimum Alternate Tax (MAT) to 18.5% from the current 18%.
Government has imposed 10% excise duty on branded garments.
The benchmark Nifty moved in top gear again during announcements of indirect taxes by Finance Minister Pranab Mukherjee in his Union Budget 2011-12 speech.
In a bonanza to the farming community, the government today announced loans at interest rate of four per cent -- three per cent less than market rate -- for farmers who pay their dues in time and raised the credit target for farm sector by Rs 1 lakh crore.
While presenting the Union Budget in Lok Sabha, Finance Minister Pranab Mukherjee announced that rate of tax on services will unchanged at 10%. The prevailing inflation has compelled the Finance Minister to retain the service tax at 10%
With his professorial patience and softness towards his colleagues, Prime Minister Manmohan Singh may actually be transmitting a perception of weakness.
Networth Stock Broking has come out with a report on Textile industries and 12 textile stocks.
The Companies Bill 2009, which seeks to replace a half-a-century-old Act, will be presented in Parliament in the ongoing Budget session, Finance Minister Pranab Mukherjee today said.
Finance minister Mukherjee announced a relief for the common man by raising the minimum tax limit by Rs 20,000 for all categories.
The 30-share BSE Sensex regained further amid extreme volatility after announcement of direct tax by Finance Minister Pranab Mukherjee in his Union Budget 2011-12 speech.
