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Union Budget 2010
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    5 % custom duty on crude petroleum restored
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    Finance Minister Pranab Mukerjee introduce the finance bill 2010 after getting "yes" from majority
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    KEY DECISION;

    PETROL PRICES WILL GO UP - INCREASE
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    GST and Direct Tax code by April 2011



    FISCAL deficit to be reduced
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    Online News agencies to attract Service Tax

    Accredited news audiences exempted from Service tax
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    If I am to give a quick reaction to the budget proposals pending a detailed study, I must say it has been on predictable lines so far. The rollback of stimulii package is now real with restoration of rate of excise duty. There is very little to cheer about on the personal tax front. Thrust on infrustructural development and focus social sector are key features. Similarly proposed disinvestment have brought back life into bourses. I would add more tonight!
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    Hi chinmoymukherjee ,

    I guess Agricultural Sector was not given enough concentration
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    I do agree as it looks prima facie excepting a slight rise in the subvention rate for soft loans to farmers. Similarly attempt to provide social security to NREGA workers is a welcome step. Let me go through the proposals in depth.
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    As You both said agriculture was not concentrated much. Also the petrol rise by 1/- is really a bad news taking into consideration the petrol prices...
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    What about your views on the measures to manage fiscal deficit?
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    [{"id":20982,"title":"Yes","votes":69,"type":"x","order":0,"pct":56.1,"resources":[]},{"id":20983,"title":"No","votes":54,"type":"x","order":0,"pct":43.9,"resources":[]}] ["#ff5b00","#4ac0f2","#b80028","#eef66c","#60bb22","#b96a9a","#62c2cc"] ["rgba(255,91,0,0.7)","rgba(74,192,242,0.7)","rgba(184,0,40,0.7)","rgba(238,246,108,0.7)","rgba(96,187,34,0.7)","rgba(185,106,154,0.7)","rgba(98,194,204,0.7)"] 350
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