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...

Fare Reduction Sleeper fare would be reduced by 5%, 5% deduction in 2nd class fares beyond 50 km, coming to about reduction of Rs. 50 AC-I fares would be step down by 7% AC-II fares reduced by 4% AC-III fares brought down by 3% Ticketing Reforms UTS counters would be increased to 15,000 and ATVM s to 6000 in two years Information technology would be introduced at ticket counters Planning of ticket confirmation through mobile phone Arrival time would be printed on tickets E-ticket booking to increase from 1Lac to 3Lac annually Ticket reservation would be made possible from anywhere Multi department innovation promotion group in railway boards Auto ticket sale machines will be increased to 6,000 in 2 yrs Automated ticket vending machines will be 250 now Plans of doing away with long queues at ticket counter in next 2 years Special Discounts and Concessions Discounts on development of bulk and non-bulk goods terminals Boys studying in class 12 to get special confreightcessions to visit th...