The Indian budgetary system has become more transparent over the years, with the government providing significant information on the Budget, a survey has said.
According to the Open Budget Survey 2010, released by the International Budget Partnership, India’s open budget index (OBI) score improved from 53 in 2006 to 67 in 2010. The survey is [...]

A current survey in India reveals 67 percent of employees received salary hike in the year 2010. Which is beyond expectation. Indian finance ministry declared a new income tax scheme for government and non-government employees. Here is some popular tax saving option for Indian citizens – tax saving bond, funds. Eventually government of India [...]

Income Tax Slab Rates 2010-11

Finance Minister Pranab Mukherjee on Friday revised the tax slabs for the next Tax financial year.
There will be no tax for income upto Rs 1.6 lakh. The earlier slab was 1.6 – 3 Lakh
For income between 1.6 lakh – 5 lakh, the tax liability will be 10%. The older slab was 3-5 lakh.
For income [...]

* The Indian economy was facing grave uncertainty. Growth had started decelerating when the interim and full budget for 2009-10 were presented.
* At home there was added uncertainty because of subnormal southwest monsoon.
* Yet, the economy now in a far better position than it was
eight years ago.
* India weathered the economic crisis well and [...]

Finance minister Pranab Mukherjee on Friday began the presentation of Union Budget 2010-2011 with a renewed sense of optimism over the country’s growth and clear signals from policymakers to bring deficits back to manageable levels.
Expectations are high from the 74-year-old veteran politician, who has tabled four budgets in the past, to address the twin [...]

The Union budget for 2010-11 is likely to be presented on February 26, two days ahead of the usual date.
The new date has been mooted after it dawned on the government that February 28 — itself a Sunday — is sandwiched between Prophet Mohammad’s birthday (February 27), a government holiday, and Holi (March 1).
The [...]

* 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 [...]