My Scribles

FM prunes tax rates: Income up to Rs 1.6 lakh - nil Income above Rs 1.6 lakh and up to Rs 5 lakh - 10 per cent Income above Rs 5 lakh and up to Rs 8 lakh - 20 per cent Income above Rs 8 lakh - 30 per cent. Income Tax department ready with two-page Saral-2 return forms for individual salaried assesses. New tax rates would offer relief to 60 per cent of tax-payers. Government's net borrowing to be Rs 3,45,010 crore for 2010-11. Additional deduction of Rs 20,000 allowed on long term infrastructure bonds for income tax payers; this is above Rs one lakh on saving instruments allowed already. A unique identity symbol would be provided to the Indian Rupee in line with US Dollar, British Pound Sterling, Euro and Japanese Yen. Fiscal deficit seen at 4.8 per cent and 4.1 per cent in 2011-12 and 2012-13 respectively. Total expenditure pegged at Rs 11.8 lakh crore, an increase of 8.6 per cent. Gross tax receipts pegged at Rs 7,46,656 crore for 2010-11, non-tax revenues at Rs 1,48,118 crore. FM...

No increase in passenger fares Free travel for cancer patients in 3rd AC classes Matribhoomi special trains to be introduced for women New Janmabhoomi train between Ahmedabad and Udhampur Funding for metro rail projects to be increased by 5% Special train ' Bharat Tirth' to connect Himachal to Kanyakumari. Karmabhoomi trains to be introduced for migrant labour FY 11 dividend liability at Rs. 6,600 cr Work under Mumbai suburban area under MUTP phase 1 to be completed this year, and under phase 2 to be completed by March 2014 Kolkata Metro to be extended inside the city, 5 stations to be renamed. Railways to have master plan for N-E region Railway line to be extended from Bilaspur in Himachal Pradesh to Leh in Jammu and Kashmir Andaman and Nicobar Islands to get railway line from Port Blair to Diglipur Sikkim capital Gangtok to be connected by rail from Rangpo 2011 being 150th anniversary of Rabindranath Tagore, special train to be run from West Bengal to Bangladesh Impact of Six...

Central Government has decided to start the process of creating the New State of Telangana . Union was forced to make last night because of the 11 day old fasting of TRS leader Rao. Now the Congress will have huge lot of Problem to tackle with. congress high command is really struggling to get a good clue. The vacany created by the death YSR is and will be going to create More problems in the Coming days in Andra pradesh

Madam Speaker, I rise to present the Budget for 2009-10. 2. Just 140 days back, I had the privilege to present the Interim Budget for 2009-10. It is a rare honour that I have been called upon to present the regular budget after the new Government assumed office. 3. The Congress-led UPA Government has come back to power with a renewed mandate. As Prime Minister, Dr. Manmohan Singh, said recently "It is a mandate for continuity, stability and prosperity. It is a mandate for inclusive growth and equitable development." It is a mandate that we accept with humility and a firm resolve to do all that we can for the welfare of this nation. 4. I am deeply conscious of the faith reposed by the people in our government and the responsibilities that come with it. I am sensitive to the great challenge of rising expectations of a young India . It reflects a population that is restless, yet engaged and is ready to seize the opportunities that it is presented with. There are new and power...