Posts Tagged ‘ 2010 ’

WWDC 2010

Well the most awaited event so far, almost everyone on the net awaiting the launch of the new iphone, lets wait and see…

The new Iphone:

2010
06/07
CATEGORY
Uncategorized
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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 /  Costlier
TRACTORS
JEWELLERY
COMPACT DISCS
MOBILE PHONES
TELEVISION
REFRIGERATORS
CEMENT
AIR CONDITIONERS
PETROL/DIESEL
CIGARETTES
CARS
2010
02/26
CATEGORY
College
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