Dude, thanks for a very good response. I believe this thread gets good traffic. I will also join you dude, and will update the budget info tomorrow as I watch news, simultaneously. Hope we get support from more members. once this thread becomes hot tomorrow, you can edit your post and I will also change this post, so that we have only complete budget info.
Good initiative.
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The Finance Minister has entered into the parliament and going to submit the Budget and everyone's expectations is on the inflations of rice and sugarcane. The cultivation of rice this year has been dropped by 12000 tonnes and also sugarcane cultivation is also being dropped
* Budget has to signal policies for future.
* Budget not a mere statements of accounts.
* Double digit inflation remains concern.
* Need to review the stimulus and move towards FISCAL consolidation.
He also adds certain points like:
1. To implement Direct tax in April 1,2011.
2. Hope to reach 10% GDP in near future.
3. Hope to roll out GST by April 2011.
4. To raise 25,000 Crs in FY'10 from PSU disinvestment.
:NMDC,SVJN stoke sale to fetch 25,000 Cr in FY'10.
:Oil min to take decision on Parikh report in due course.
:To make FDI policy more user friendly.
:RBI considering banking licenses to private players.
:More capital to strengthen rural banks.
: Four hundred corers to boost form output in eastern India.
: Government to extent interest subvention of 2%.
: Government to take a firm view on opening up retail trade.
: Farm credit target raised to 3.75 Cr for FY'11.
: Period of repayment for farm loan waiver extended to June 30, 2010.
: 1.73 lakh Cr for infrastructure [46% of plan allocation].
: Allocation to road infrastructure raised to 19,894 Cr.