Budget 2010 Simplified
- Excise on all non-smoking tobacco hiked
- Margins seen under pressure on excise duty rejig
- General excise duty raised to 10% from 8%
- Spending in education sector at Rs 31,600 crore
- No extension of STPI beyond FY’11
- Demand side push needed for all housing segments
- Supply pressures likely to keep housing prices up
- Measures needed to tackle supply pressures in housing
- Govt needs to do lot more to revive housing sector
- Budget oriented towards growth and economic revival
- MAT hike to 18% may impact cos with SRA projects
- Demand from salaried consumers to increase
- Expect demand for mid income housing to improve
- Hike in income tax limit to raise affordability
- MAT rate hiked to 18% vs 15% earlier
- Subvention to be upto Rs 10 lk for units upto Rs 20 lakh
- Subvention would be in effect till March 30, 2011
- Effective tax rates may rise to 21% from 16-19% in FY’12
- Extension of subvention of 1% on housing loans
- MAT to be raised to 18% vs 15% earlier
- RBI mulling additional licenses to Pvt bks, NBFCs
- Subsidy for timely farm loan repayment up to 2%
- Farm loan repayment period extended by 6 months to Jun 30
- Allocate Rs 16500 cr for PSU recapitalisation
- Hike in income tax limit to raise affordability
- RBI may approve more banking licenses
- MAT rate hiked to 18% vs 15% earlier
- Interest subsidy of 1% on housing loans upto Rs 10 lakh
- To set Rs 50/tonne cess on domestic coal
- Parts of wind energy rotor exempted from exicse
- Concessional 5% customs duty on solar power unit
- Nil CVD on tunnel boring machines for hydro power
- Nil excise on cap goods sold to mega power units
- 30% tax on income above Rs 8 lakh
- 20% tax on income between Rs 5 lakh and 8 lakh
- 10% tax on income between Rs 1.6 lkh to Rs 5 lkh
- No income tax up to an income of Rs 1.6 lakh
- Weighted deduction on R&D hiked to 200% vs 150%
- Auto Cos pass on excise hike to consumers
- Excise on large cars, MUVs and SUV hiked by 2% to 22%
- General excise rate rolled back to 10% vs 8%
- Diesel price hike by Rs 2.55/litre
- Petrol prises to rise by Rs 2.71/litre
- Partial rollback of excise on petrol products to 10%
- Excise duty on petrol and diesel hiked by Rs 1/litre
- Duty on petrol and diesel hiked to 7.5%
- Customs duty on crude restored to 5%
- April-Dec GDP growth at 6.7% vs 7.1% (YoY)
- Q3 GDP growth at 6% vs 6.2% (YoY)
- Diesel by Rs 2.58/lt
- Q3 GDP growth at 6% vs 7.9% (QoQ)
- GDP growth slowed in Q3 due to decline in farm output
- Cut in surcharge would be made up by rise in MAT
- Bottom line of Cos like RIL, RCom, TCS to be impacted
- MAT increasse to impact the Road & Power sectors
- MAT had been increased from 10% to 15% last year
- Minimum Alternative Tax hiked from 15% to 18%
- Certain news agencies exempted from service tax payment
- Customs duty on key inputs for microwaves cut to 5%
- 5% Customs Duty cut on setting up of solar power plant
- Excise duty on CFL products reduced to 4%
- Excise duty on photovoltaic & solar panels waived
- For wind power making rotors
- 5% service tax exemption for cold storage units
- To grant project import status for Monorails
- Road transportation of pulses & cereals
- Govt keeps service tax levies unchanged at 10%
- Custom duty hike to raise rev loss by Rs 1800 Cr
- Revenue losses on auto fuels seen at Rs 20,000 c/yr
- Price hike triggered by duty on petrol & diesel
- Petrol price to be raised by Rs 2.67/lt: Srcs
- Govt to raise retail price of petrol and diesel
- Govt to spend Rs 1.16 lakh cr on subsidies
- Revenue from corporate tax seen at Rs 3.01 lakh cr
- Revenue from income tax seen at Rs 1.21 lakh cr
- Minimum Alternative Tax raised to 18% vs 15% earlier
- Partial stimulus rollback, excise duty upped by 2%
- Central excise duty of Rs 1/ltr on retail petrol & diesel
- GST and Direct Tax Code rollout from April 1, 2011
- Disinvestment target of Rs 40,000cr for 2010-11
- 2009-10 budget deficit estimated 6.9% of GDP
- Fiscal deficit target of 5.5% for 2011-12
- IT Dept to notify with Saral 2 for individuals
- Interest subsidy up to Rs 10 lk on housing loans by 1-yr
- Deduction of Rs 20,000 for invst in infra bonds
- 30% tax on income above Rs 8 lakh
- 20% tax on income between Rs 5 lakh and 8 lakh
- 10% tax on income between Rs 1.6 lkh to Rs 5 lkh
- No income tax up to an income of Rs 1.6 lakh
- Duty on large cars,SUV & MUV raised to 22%
- Hike in excise duty to 10% vs 8% earlier
- Petrol price hike by Rs 2.67/litre:NW
- Diesel price hike by Rs 2.58/Litre: NW
- Govt’s push for infra development to boost GDP growth
- NMDC, SJVN stake sale to fetch Rs 25000 cr in FY’10
- Expect govt to push for disinvestment
- FM has kept the impetus on disinvestment
- Fiscal expansion was not sustainable for long
- Limit for tax credit increased from Rs. 40 to Rs. 60 lks
- Reduction in surcharge on domestic cos from 10% to 7.5%
- Commitment to rollout DTC
- Lower tax burdens on individuals
- To give Rs.16500 cr to PSU banks in FY’11
- Govt to keep service tax unchanged at 10%
- To raise duty on gold imports to Rs 300/10 grams
- To raise duty on gold and silver imports
- To grant project import status for HITS
- To grant project import status for monorails
- Excise duty on CFL halved to 4%
- Imposed 4% excise duty on electric cars
- To waive excise duty on photovoltaic panels
- To restore 7.5% duty on petrol and diesel
- To restore 5% duty on crude petroleum
- Rollback in excise duty to 10%
- Govt announces partial rollback in excise duty
- Investment linked deduction benefit for 2-star hotels
- Weighted deduction on R&D raised to 200%
- To reduce current surcharge on companies to 7.5%
- MAT to be raised to 18% vs 15%
- 10% tax on income between Rs 1.6 – 5 lakh
- 20% tax on income between Rs 5-8 lakh
- No tax on income up to Rs 1.6 lakh
- Rollout of GST needs consensus among Centre & States
- To broaden current tax slabs
- Borrowing plan to be decided in consultation with RBI
- To bring subsidy related liability into fiscal accounting
- Economy can absorb hike in excise and customs duty
- Net market borrowing pegged at Rs 3.45 lakh cr
- FY’12 Fiscal Deficit seen at 4.8%
- Fiscal Deficit for 2010-11 at 5.5%
- FM has tried to balance prices and growth
- Rs 60000 cr as capex for defence sector
- Allocation of Rs 1900 cr for UID project
- UIDA to roll out 1st set of IDs by end of this year
- Resource mobilisation not to trigger inflation
- National Social Security Fund for unorganised sec
- Govt to contribute Rs 1000/month for Pension Security
- Rs 5400 cr allocated for urban development
- FM has exercised moderation in rollback of stimulus
- Rs 48000 cr allocated for Bharat Nirman
- Rs 66100 cr allocated for rural development
- Allocation to NREGA r
Impact On Pocket
Products | Cheaper ![]() ![]() |
TRACTORS | ![]() |
JEWELLERY | ![]() |
COMPACT DISCS | ![]() |
MOBILE PHONES | ![]() |
TELEVISION | ![]() |
REFRIGERATORS | ![]() |
CEMENT | ![]() |
AIR CONDITIONERS | ![]() |
PETROL/DIESEL | ![]() |
CIGARETTES | ![]() |
CARS | ![]() |
The subject is fully clear but why does the text lack clarity? But in general your blog is great.
thanks , would try and improve on it…