Union Budget 2011 India, Live Budget Highlights, 2011 Budget News Update from Business Today
Business Today

In a major relief to the industry, Finance Minister Pranab Mukherjee on Monday lowered the surcharge on domestic companies to 5 per cent from 7.5 per cent.

 
 
To procure modern weapon systems and defence equipment, Rs 69,199 crore has been allocated for capital expenditure, FM informed during the Budget speech 2011-12.
The government has upped the revenue target from sale of government equity in PSUs to Rs Rs 40,000 crore in 2011-12.
Finance Minister Pranab Mukherjee unveils a slew of measures to spur infrastructure investment aiming to propel the economy on an over 9 per cent growth trajectory.
 
 
Finance Minister Pranab Mukherjee said the government will provide a direct cash subsidy on kerosene and fertilisers to the poor from March next year.
Pranab Mukherjee announced loans at an interest rate of four per cent for farmers and increased the credit target for the agriculture sector to Rs 4,75,000 crore.
The GST introduction would subsume most of the central and state taxes like excise and sales tax, making rules easier for the industry and other tax payers.
Mail Today Business Editor R. Srinivasan says Pranab Mukherjee's budget is a workman-like but its an uninspiring Budget.
In the DTC Bill, which was introduced in Parliament last year, the annual I-T exemption limit is proposed at Rs 2 lakh, compared to Rs 1.6 lakh at present.
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