26
Feb
Points Discussed in Budget :)
Posted February 26, 2010 by smcinvestmentindia in budget, Business, capitals, commodity, Economics, Economy, income, income tax, india, SMC Global. Tagged: affordable housing, agriculture, Bharat Nirman, budget, Defense allocation, Direct tax proposals, excise duty, FDI, fiscal deficit, income tax, infrastructure, oil, PSU banks, silver, Surcharge, urban development. 1 Comment
Excise duty on silver rose to 10%
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Surcharge on domestic cos reduced to 7.5% from 10%..
Excise duty on oil rose to 10%.
Fiscal deficit will be at 5.5% in 10-11, at 4.8% in 11-12 and 4.1% in 12-13
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Revised income tax slabs 
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Net market borrowing for 2010-11 at Rs 3, 45,010..
Extended 1% interest subsidy scheme for affordable housing.
Rs 5400 cr of funds allocated for urban development..
Defense allocation rose to Rs 147344 cr.
Rs 48000 cr allocated for Bharat Nirman.
Farmer loans extended for 6 months to June 30th 2011.
Allocated Rs1.73 lakh cr for infrastructure..
Agriculture credit flow targets at Rs. 375000cr.
FDI worth $20.9 bn in April to Dec 2009.
Proposed Rs 16500 cr for PSU banks.
Challenge for a 9% growth, need to review stimulus.
Stay Tuned for More updates
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Posted by Multani on February 26, 2010 at 11:34 AM
Good way to generate Income otherwise everytime a deficit is going to take the country downhill