The economic slowdown has severely dented the Centre’s tax collections, with indirect taxes bearing the brunt. Having fallen throughout the 1990s, the Centre’s tax-GDP ratio had registered a steady increase from 8.97 per cent to 12.56 per ..
Govt proposes full interest subsidy scheme for poor studentsGiving an impetus to education, the UPA government proposed a full interest subsidy scheme on education loans for poor students pursuing technical and professional courses in approved instit ..
New initiatives for infrastructure development Highlighting the criticality of investment in the infrastructure for the growth of the economy, the Budget has proposed new initiatives which involves giving boost to National Highway development progra ..
Sensex records highest Budget day fall on deficit concerns The BSE benchmark Sensex on Monday suffered the biggest fall on any Budget day and in the year too by plunging over 869 points on the Bombay Stock Exchange on concerns at the high fiscal defi ..
Govt raises IT limit; Surcharge, FBT & CTT abolished Announcing slew of tax sops, including an additional Rs 10,000 personal income tax exemption and scrapping of 10 per cent surcharge, the Finance minister Pranab Mukherjee has abolished the Fri ..
I-T exemption limit up for general taxpayers, senior citizens Giving relief to individual taxpayers, the government on Monday raised the income tax exemption limit by Rs 10,000 for general taxpayers, and by Rs 15,000 for senior citizens. For general ..
The State Government has continued its defiant stand on the issue of implementing the order of a Division Bench of the Karnataka High Court on the language policy. Chief Minister B.S. Yeddyurappa told presspersons here on Sunday that there was no cha ..
With a view to bringing in far reaching judicial reforms, the UPA government is seriously thinking of introducing the National Judicial Service on the lines of Indian Administrative Service, Union Law Minister Veerappa Moily has said.Addressing a fun ..
The General Budget for the Financial Year 2009-10 presented by Finance Minister Pranab Mukherjee today has caused disappointment in the Health and legal sectors.Reacting to the Budget proposals, presented in the Lok Sabha by the Finance Minister, ren ..
Prime Minister Manmohan Singh on Monday said the Union Budget 2009-10 is aimed at minimizing the "impact of the global recession" and achieving 8 to 9 per cent growth in the medium term.Describing the budget as rural-development-oriented, S ..
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