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

Inflation still remains a concern, but the government exuded confidence that RBI's monetary policy will lead to moderation in inflation numbers in the coming months.

 
 
The systematic attempt to evolve a tax system in independent India started with implementation of the report of Taxation Enquiry Commission in India in 1953.
The country's food subsidy bill is expected to jump by 27 per cent to Rs 74,231 crore in the 2010-11 fiscal, the Lok Sabha was told on Tuesday.
The sector expects this year's growth to be limited to 15 per cent on account of stiff competition, high interest rates and input costs.
Mamata Banerjee's populist measures for railways translate into rising expenditures and falling revenues.
The session, likely to concluded on April 21, will commence with President Pratibha Patil addressing both the Houses of Parliament.
Budget 2011 will have to ensure that the middle and lower income groups are not deprived of cash flow, which is currently inadequate to cope with inflation.
 
 
Manmohan Singh, while addressing editors of TV channels, blamed the Opposition for the delay in introduction of the Constitution Amendment Bill on Goods and Service Tax.
The RBI is close to finalising the guidelines for entry of new banks in the private sector, based on its consultations with the government and various stakeholders.
The government started fiscal consolidation in the last Budget, when it proposed to reduce fiscal deficit from 6.8 per cent of GDP to 5.5 per cent in the current year.
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