* Plan and Non-plan Expenditure
* Revenue and fiscal deficit
* Developments in agriculture
o Farm credit
o Irrigation
* Transport
* Railways
* Subsidies
* Banking system, Insurance, Agricultural Insurance, National Bank for Agriculture and Rural Development, Regional Rural Banks, Housing loans, Exclusive health insurance, Capital market
* Urban and Rural Infrastructure Development
* Industry
* SMEs
* Gross domestic capital, Foreign direct investment and [...]

* Scope of presumptive taxation to be extended to all small businesses with a turnover upto Rs. 40 lakh. All such taxpayers to have option to declare their income from business at the rate of 8 percent of their turnover and simultaneously enjoy exemption from the compliance burden of maintaining books of accounts. As [...]

For Male Tax Payers
Upto Rs. 1,60,000 – NIL
From Rs. 1,60,001 to Rs. 3,00,000 – 10%
From Rs. 3,00,001 to Rs. 5,00,000 – 20%
Above Rs 5,00,001 – 30%
For Female Tax Payers
Upto Rs. 1,90,000 – NIL
From Rs. 1,90,001 to Rs. 3,00,000 – 10%
From Rs. 3,00,001 to Rs. 5,00,000 – 20%
Above Rs 5,00,001 – 30%
For Senior citizens Tax [...]

Highlights of Budget 2009
* Growth rate in 2008-09 dipped to 6.7 per cent from average 9 per cent growth in previous three fiscal years.
* Mukherjee intends to make pre-budget consultations with state finance ministers an annual affair
* Fiscal deficit grew from 2.7 per cent to 6.8 per cent of GDP
* We need institutional reforms [...]

Finance minister Pranab Mukherjee on Monday raised tax slabs in his Union Budget 2009-2010
He proposed to increase the income tax exemption limit for senior citizens by Rs 15,000, for women and others by Rs10,000 each, while keeping the corporate tax rate unchanged.
The exemption limit will now be Rs 240,000 for senior citizens, Rs190,000 for [...]

UPA government in its second innings is expected to enhance social sector and infrastructure spending in its budget for 2009-10, in line with its strategy to beat the impact of global economic downturn.
According to Source, UPA-II budget is all set to provide an additional Rs 40,000 crore gross budgetary support (GBS) from the interim [...]

As the countdown to the Budget 2009 begins, industry and business houses across the sectors have built high hopes on the more stable ‘new’ Government for bold steps in the Finance Minister’s speech, including a revisiting of the sectoral policies and fiscal reforms.
India’s Finance Minister Pranab Mukherjee may increase spending on power, roads and [...]

The Union budget will be presented on July 6 by finance minister, Pranab Mukherjee. The budget session begins on July 2 with the presentation of the annual economic survey. Railway minister, Mamata Banerjee, will present the railway budget on July 3. The month-long budget session will conclude on August 7.

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