Union Budget 2011 Highlights
Income-tax exemption limit raised
FM has accounced to increase the exemption limit of Income tax liability from 1.6 lakhs to 1.8 lakhs. This measure has assured a saving of at least Rs. 2000 to every tax payer in this slab.
Defence budget hiked to Rs 1.54 lakh crore
The Finance Minister announced that the Defence sector will get more than 1.64 trillion (1.64 lakh crore rupees) for defense budget. It's an increase of more than 4% from last year.
Excise duty on 130 new items
Pranab Mukherjee announced 1% Excise duty on 130 new items. These items exclude food products clothes and daily utilities. Besides this, the base rate on excise duty has also been raised to to 5%.
Rail Budget 2011 Highlights
Mamta's Railway Budget termed as 'Biased'
The railway budget 2011, presented by Mamta Banerjje has been called as Bengal rfail Budget by former railway minister Lalu Prasad Yadav. Mamta allocated many soaps including 34 new metro-trains in Kolkata, a rail park in Nandigram, a track-machine factory at Uluberia and many other perks
E-booking charges reduced, No hike in fares
Abidibg to her "common man budget", railway minister Mamta Banerjee has announced that there will ne no hike in passenger fares. However, the E-booking charges have been redued to facilitate the passengers.
New trains introduced
Mamata Banerjee annouced a fleet of new trains to be introduced on many routes of Indian railways. 9 new Duronto trains, 3 Shatabdi's and 56 super Fast trains are set to run to e a aprt of travel in India.
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View Comments
| By Cmqxmablcr (on Nov 14, 2011 02:30 PM) CyJrsf qzowvyybevdt
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| By Will (on Nov 14, 2011 05:33 AM) Superior tinkhing demonstrated above. Thanks!
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| By Roshal (on Mar 18, 2011 10:46 AM) I want to buy shares
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| By Dhani (on Mar 02, 2011 10:37 PM) Better budget after a long time...
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| By MANISH.D JAIN (on Mar 01, 2011 06:18 PM) YES THERE SHOULD EXAMPTION IN FEE,LESS INTEREST SHOULD LAID ON EDUCATIONAL LOAN :
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| By MANISH.D JAIN (on Mar 01, 2011 06:14 PM) YES THERE SHOULD EXAMPTION IN FEE:
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| By Ramana Rao (on Feb 28, 2011 05:07 PM) Income-tax exemption limit raised
from 1.6 lakhs to 1.8 lakhs.
It is better to 2.0 lakhs
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| By Shambhu nath (on Feb 28, 2011 03:50 PM) Except railbudget the general budget is not a new bonanza that the Indians be proud
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| By Subhandusastry (on Feb 28, 2011 03:09 PM) Income tax exemption limit to verysenior citizens is namesake and at the same time limit raised to salaried sector who are the only prompt IT paying people has been smeared with smallamount of cheese-this is the prudence of our FM
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| By Bandarinaveen (on Feb 28, 2011 02:50 PM) Good buget
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| By R.B.Yadav (on Feb 28, 2011 02:38 PM) Yr 2011 Budget good & acconamics but persional tax slab its requers more etc.
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| By Varghese (on Feb 28, 2011 02:36 PM) Home loan need to be provided in easy way from bank for middleclass
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| By R.B.Yadav (on Feb 28, 2011 02:34 PM) Budget good & acconamics tax slab requers more etc.
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| By Dhanraj Meena (on Feb 28, 2011 01:31 PM) Good budget
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| By Pankaj (on Feb 28, 2011 01:21 PM) Useless budget. for how many years will congress continue to behave like a passive govt. we should have been given a radical budget & FM disappoints me this year, yet again.
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| By Umesh Yadav (on Feb 28, 2011 12:48 PM) Good Budget
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| By Dhanraj Meena (on Feb 28, 2011 12:47 PM) Very good information found from this site
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