Reactions Union Budget 2011 India on Business Today

Budget 2011: Don't pop the champagne open just yet

Chaitanya Kalbag | New Delhi

The Finance Minister gives with one hand, and takes away with the other. Income-tax exemption limits are raised marginally, but you will get hit on more items for service tax. And this is assuming that your food costs will drop a bit if Pranab Mukherjee's Rs 300-crore magic formula works.
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Pay more for airtravel, healthcare in pvt hospitals

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Budget to cheer taxpayers

Senior citizens are the main beneficiary in the latest budget. Mukherjee has reduced the age limit for classification as a senior citizen from 65 years to 60 years.
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I-T limit raised to Rs 1.8 lakh

Unveiling the Budget proposals for 2011-12 in the Lok Sabha, Mukherjee also proposed to reduce the age limit for consideration as senior citizens from 65 years to 60.
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Higher service tax to hit life policy returns

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Excise duty retained at 10%

FM Pranab Mukherjee decided to maintain the standard rate of central excise duty in order to see improved business margins translated into higher investment rates.
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