Browsing All Posts filed under »Budget – 2011«

Budget 2011: OMCs may raise petrol prices by up to Rs 4 a litre this week – ET

March 1, 2011 by

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State-run oil firms propose to raise petrol prices by up to Rs 4 a litre this week to offset rising crude oil costs as the Budget has ignored their demand to cut duties on the fuel.

Budget 2011: A tie between deficit and growth – ET

March 1, 2011 by

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Finance Minister Pranab Mukherjee’s Budget lacks tax pyrotechnics, yet it reveals a remarkably improved fiscal position and a conceptual breakthrough in delivering subsidies through cash transfers for kerosene, fertilisers and cooking gas.

Budget 2011 income tax: How much will you save in tax during FY 2011-12 – ET

February 28, 2011 by

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In some relief to general tax payers, Finance Minister Pranab Mukherjee today enhanced the tax exemption limit by Rs 20,000 to Rs 1.80 lakh, gave additional benefits to senior citizens but excluded women from additional sops.

Highlights of Union Budget 2011-2012 – TOI

February 28, 2011 by

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Finance minister Pranab Mukherjee on Monday presented to Parliament India’s budget for the coming financial year beginning in April. Following are the highlights of the budget:

Budget 2011: key positives and negatives – ET Analysis

February 28, 2011 by

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Positives: 1. Excise duty to be reduced from 10% to 5% on parts of specified machinery 2. Surcharge for companies cut to 5 per cent, from 7.5 per cent 3. Citizens over 80 years to have exemption limit of Rs 5 lakh 4. Special incentives for hybrid vehicle makers if manufacturing done in India to […]

Budget 2011: Rs 5,000 crore to SIDBI insufficient, a raise of just Rs 1,000 cr – ET

February 28, 2011 by

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Finance minister Pranab Mukherjee has allocated Rs 5,000 cr to Small Industries Development Bank of India or Sidbi, drawing little cheer from the small and medium enterprises.

Union Budget 2011: Income tax exemption limit raised to Rs 1.8 lakh – ET

February 28, 2011 by

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Finance Minister Pranab Mukherjee on Monday 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.