| Expectations belied | 13-JUL-09 |
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| While the markets are not impressed, the Budget’s eyeing higher growth rates through infrastructure spending and by boosting consumption. |
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| Cement prices may soften in H2 | 09-JUL-09 |
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| After the cement prices remained firm during the first half of the year, backed by robust despatches, the commodity prices are set for a correction in a month’s time. |
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| Food security scheme: More worries for states | 09-JUL-09 |
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| The much-awaited announcement in the Union Budget 2009-10 to ensure entitlement of 25 kg rice or wheat per month at Rs 3 per kg to every family living below the poverty line (BPL) in rural and urban areas, has raised more questions than it sought to answer. |
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| Govt restores FBT burden on employees; cos to save on crores tax, admin hassles | 08-JUL-09 |
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| The proposed abolition of the fringe benefit tax (FBT) in the Union Budget 2009-10 is expected to help companies reduce their tax burden by crores of rupees and offset much of the burden from the 5 percentage points increase in the minimum alternate tax (MAT). Most companies, however, are more thrilled that it would save them from the tedious administrative process of maintaining a database of fringe benefits. |
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| Govt to invest Rs 25k cr in PSUs via equity | 07-JUL-09 |
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| The government may have a paltry disinvestment target of Rs 1,120 crore, but it has committed to pumping in Rs 25,546 crore as equity in public sector entities during the current financial year. |
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| Govt hikes aviation sector allocation by 64% to Rs 12,000 cr | 07-JUL-09 |
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| The Government has raised the target of internal and extra budgetary resources(money which will be raised through loans by companies or through reinvestment of profits) which will be raised by public sector undertakings under the ministry of civil aviation by over 63.5 per cent from Rs 7320.06 crore in the revised estimates of 2008-09 to Rs 11974.76 crore in 2009-10
The cash will be used mostly to fund the aircraft acquisition program of the financially ailing National Aviation |
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| Union Budget disappoints electrical industry: IEEMA | 07-JUL-09 |
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| The electrical industry is generally disappointed by the Union Budget 2009-10.
Considering the Government's promise of Electricity For All by 2012, the only specific mention in the entire Union Budget for the power sector includes the allocation of Rs 7,000 crore for RGGVY and Rs 2,080 crore for the RAPDRP programme, the Indian Electrical and Electronics Manufacturers Association (IEEMA), said in a statement |
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