9 – Economic Outlook 14 – 16 . Click here to download the complete set of The Budget for offline reading. (pdf format. As per the Budget Estimates (BE) proposed for the year , the total expenditure of Central government will be Rs. 11,08, crore, which. Just a quick post to point out that the Science and Technology Facilities Council have released a reasonably complete breakdown of their.
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This fund will support schemes for weavers, toddy tappers, rickshaw pullers, bidi workers etc. Allocation of Rs crore made for this initiative.
With this enhancement, the Ministry will be able to revise rates of budget 2010 11 under its post-matric scholarship schemes for SCs and OBC students. Adequate funds will be made available to support the action plan. This would leave enough space to meet the credit needs of the private sector.
Key Features of Budget - Livemint
This initiative will be taken forward by setting up two more Centres during budget 2010 11 year. The scheme will be extended to four more cities in the year. The Finance Minister has proposed to partially roll back the rate deduction in Central Excise duties and enhance the standard rate on all non-petroleum products from budget 2010 11 per cent to 10 per cent ad valorem.
The specific rates of duty applicable to Portland cement and cement clinker are also being adjusted upwards proportionately.
Similarly, the ad valorem component of excise duty on large cars, multi-utility vehicles and sports utility budget 2010 11 which was reduced as part of the first stimulus package, is being increased by 2 percentage points to 22 per cent.
The basic duty of 5 per cent on crude budget 2010 11 7. The Central Excise Duty on petrol and diesel is being enhanced by Rs.
Excise duty on non-smoking tobacco is budget 2010 11 enhanced. In addition a compounded levy scheme is being introduced by chewing tobacco and branded unmanufactured tobacco based on the capacity of pouch making machines.
A number of duty concessions are being proposed to support agriculture and allied sector. Mechanised handling systems in warehouses will get project import status with a concessional import duty of 5 per cent.
Installation and commissioning budget 2010 11 such equipment will be fully exempt from service tax.
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- 2010 Union budget of India
Concessional duty will also be applicable for cold storages, food processing units, specified equipment for food preservation etc. The concessional import duty to specified machinery for use in the plantation sector is being further extended upto March Testing and certification of agricultural seed is being budget 2010 11 from service tax.
Tax exemptions have budget 2010 11 announced for equipment used in solar systems and wind energy system, LED lights, electric cars, cycle rickshaw, mobile phone components and certain medical equipment. The rate of tax on services has been retained at 10 per cent.
Out of this, Rs 3,73, crore is plan expenditure and Rs.
Key Features of Budget 2010-2011
The plan expenditure has increased by 15 per cent while there is budget 2010 11 6 per cent in increase in non-plan expenditure. Tax revenue is targeted at 1.
Non-tax revenue is targeted at Revenue from direct taxes is targeted at Subsidies will be reduced to Inflation is targeted at 9.