Monday, February 28, 2011

Snap Shot: Budget 2011

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  • Expenditure on infrastructure increased by 23 per cent.
  • Rs 200 cr for cleaning up lakes and rivers other than the Ganga
  • Expenditure on social projects increased by 17 per cent.
  • Rs 58,000 cr for Bharat Nirman projects.
  • Under integrated action plan for Naxal-affected areas, 60 districts to get development grant of Rs 25 crore to 30 crore
  • Rs 200 crore for development of IIT Kharagpur.
  • Food security bill to be introduced this year.
  • Allocation to education sector hiked to Rs 57,057 crore.
  • Capital infusion of Rs 20,157 cr in PSU banks.
  • Rs 30,000 crore proposed for tax-free infrastructure bonds.
  • Economy to grow at 9 per cent in 2011.
  • Govt to retain control, 51 per cent share in PSUs.

So how is this going to effect you?

TO BE CHEAPER

  • Refrigerators
  • Home Loans
  • Cement
  • Printers
  • Paper
  • Diapers & Sanitary Napkinsdefault
  • Homeopathic Medicines
  • Soap
  • Steel
  • Yarn/Raw Silk
  • LED Lights
  • Battery Driven Vehicles
  • Agriculture Machinery

TO COST MORE:

  • Healthcare in top-end private hospitals
  • Branded Clothes
  • Gold
  • Air Travel
  • A/C Restaurants Serving Liquor
  • Hotel Services

Download this file to see the Tax rates individuals

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