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Introduction of Budget
Government has several policies to implement in the overall task in the of performing its function to meet the objective of social & economic growth .For implementing development ,welfare projects &various other relief operation .it is therefore necessary to find out all possible source of getting funds so that revenue can be generated to meet the mounting expenditure . The planning process of assessing revenue expenditure is termed as budget .
Definition
Foreign Direct Investment Financial Stability and Development Council Banking Licenses Public Sector Bank Capitalisation
Direct Taxes
Income tax slabs for individual taxpayers to be as follows Income Income Income Income upto Rs 1.6 lakh Nil above Rs 1.6 lakh and upto Rs. 5 lakh 10 per cent above Rs.5 lakh and upto Rs. lakh !0 per cent above Rs. lakh "0 per cent
long-term infrastructure health insurance schem Current surcharge Minimum Alternate Tax
Indirect Taxes
Rate
reduction in Central Excise duties portland cement and cement clinker , portland cement and cement clinker rates 5 per cent on crude petroleum ,7.5 on dieseland petrol increased Some structural changes scented tobacco, snuff, chewing tobacco
"gricu#ture $ro%t&
#gricultural production Reduction in wastage of produce Credit support to farmers "mpetus to the food processing sector
"gricu#ture $ro%t&
'ura# Deve#opment
Rs. $$,%&& crore pro'ided for Rural (e'elopment. )*ahatma +andhi ,ational Rural Emplo-ment Rural infrastructure programmes )"ndira #was .o/ana ) #llocation to 0ackward Region +rant the 0undelkhand region.
#bout urban de'lopment ousing and 1rban 2o'ert- #lle'iation Sub'ention on housing Ra/i' #was .o/ana
51 31 25 39 19 26 45
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