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Union Budget 2010-11 will be presented by Pranab Mukherjee, Union Finance Minister around 11 am on Friday, January 26 in Lok Shabha two days prior this year because every year the Union Budget is presented on the last working day of February by the Finance Minister of India in Parliament. You can watch live webcast of Finance Minister's Speech during the presentation of Union Budget 2010-11 India, which will be available on budgetlive.nic.in. Here is provided information regarding Union Budget 2010-11 Live India and India Budget Highlights.
The most economic event in the country which outlines all the economic planning of the Government of India for the next year is Budget. It is important for all like corporates and for individuals from all sections of the society. For everybody in the year to the lead, strong anticipation builds over what the Union Budget would have in store. This vital fiscal document taps the life of each and every citizen, organization and institution in the country in some or the other measure.
Budget 2010 India
- Budget 2010: Should the govt roll back stimulus now?
- Budget & reforms: What will FM be willing to consider?
- Economic Survey 2009-2010: Complete coverage
- Budget 2010: What global investors want
- Expect mkts to rally post-Budget: Ramesh Damani
- Budget 2010: Will indirect taxes be tweaked?
- Steel sector to grow 6-9% in 2010
- Highlights of Economic Survey 2009-2010
- What industry titans expect from Budget 2010
- Budget with Moneycontrol
- Budget to be key trigger for mkts today
- Instant view: How experts view the Economic Survey
- Kernex Micro to benefit from Rail Budget 2010: Emkay
- Budget 2010 will be progressive yet defensive: Ganesha
- Outlook for Indian mkts remain ve: AMP Capital
- Mkts okay with gradual rollback of stimulus: Religare MF
- Budget to have limited impact on markets: Sanjay Sinha
- Levels above 4950 can propel mkts to 5300: Atul Suri
- Growth to rebound but prices to rise: Economic Survey
- Eco Survey: Could it be an accurate reflection of Budget?
Read further information about the above points here.
Whole details of the Union Budgets, Economic Surveys, Railway budget and State budgets of the previous years are included in the National Budget Portal. Www.indiabudget.nic.in provides budget Speeches from 1947-48 online in PDF FORMAT.
All people will look upon Pranab Mukherjee as he would table the Budget 2010-11 in Parliament because limited rollback of stimulus packages is the most speculated issue in this budget season. In short, Union Budget 2010-11 will be marking on the sustenance of GDP growth in India.
An increase in taxes and duties as a part of incomplete withdrawal of stimulus packages, offered to cope up with the global economic meltdown was suggested by The Economic Survey which was released on Thursday. The Survey said, "The broad-based nature of the recovery creates scope for a gradual rollback, in due course, of some of the measures undertaken over the last 15 to 18 months".
Highlights of Economic Survey
- Medium term prospects of Indian economy really strong
- Investment growth rate still below GDP growth rate
- High double-digit food inflation in 2009–10 a great concern
- India's GDP growth at 7.2 % in 2009-10
- Hike in fuel prices will impact inflation
- Review planned schemes for fiscal consolidation
- India's GDP expected to return to 9% growth in 2011-2012
- Necessary to watch recovery in private investment in Q3, Q4
- GDP expected to grow around 8.5%
- Exports may again turn negative
- Virtually every second Indian has access to phone.
- Auction for 3G spectrum to provide existing and foreign players to bring in new technology and innovations.
- India world's 2nd largest wireless network with 525.1 million mobile users
- Gas output up 52.8 per cent to 50.2 billion cubic meters with RIL starting production
- Steel outlook for 2010 remains positive
- See shortfall in FY10 non-tax revenue on 3G delay
- VAT introduction to boost states' tax revenues
- Favors making available food in open market
- Trade gap narrowed to $76.24 bn in April-December.
- Favors monthly ration coupons usable anywhere for poor
- Overall approach is to foster "inclusive and green growth promoting fiscal federalism"
- Supply side pressure on inflation will prevail for the near term
- V-shaped recovery seen
- Economic recovery weak, says Survey
- Industrial sector growth seen at 8.2%
- Service sector growth seen at 8.7 %
- Recovery creates scope for gradual pullback of stimulus
- Credit needed for private investment in agriculture
- Fundamental policy changes needed for trade
- FY 10 trade outlook has brightened
- India can become world's fastest growing economy in 4 yrs
- Current fuel prices not fiscally sustainable
- India not immune to global financial situation
- Exports in April-December 2009 down 20.3 per cent
- Imports in April-December 2009 down 23.6 per cent
- FRBM Act needs to specify the nature of shocks that would require relaxation of the targets
- Commission proposes new Fiscal Responsibility and Budgetary Management (FRBM) Act
- Commission recommends increase in states' share to 32 per cent of Central tax proceeds from the current level of 30.5 per cent.
- Finance Commission has asked the government to adopt a "calibrated" strategy for withdrawing stimulus
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