Forum for CA

NEWS


Budget 2010 Highlights continued........1

■Additional banking licenses for pvt players
■4 pronged strategy for agriculture
■Rs 16,500 cr capital support for PSU banks
■Will consider Parikh report on fuel pricing
■Goods and services tax to be introduced in 2011
■Fertiliser subsidy to be reduced
■GDP growth for FY'10 is seen at 7.2 pc
■Rs 25,000 cr disinvestment target this year
■India weathered economic crisis well
■Direct tax code to be implemented from April 1, 2011
■Gradual phasing out of economic stimulus
■Pvt investment can sustain 9 pc growth
■First challenge: Return to GDP growth
■Manufacturing growth highest in the past 2 years
■Indian economy is in a far better position today
■FM is expected to simplify tax laws in 2010
■Biggest challenge is to make the growth all inclusive
■Need to strengthen food security

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Still More thoughts are in process and this post will be updated too. I am looking for valuable suggestions from board and will appreciate if they come out with views and suggestions.