- Friday, April 1, 2011, 5:48
- RBI
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With improvement in economic growth, the financial position of the states has started showing improvement and they are moving towards the path of fiscal consolidation, says a RBI report. "The budgetary position of States in 2010-11 indicated a turnaround from the expansionary fiscal stance in 2008-09 and 2009-10 to a fiscal consolidation path in 2010-11," said State Finances:A Study of Budgets of 2010-11, released by RBI.
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- Thursday, January 21, 2010, 23:02
- Income Tax
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The government is exploring an increase in the income-tax exemption limit for individuals to compensate for the high recent inflation, but revenue considerations and the fact that the limit was hiked sharply in 2008-09 could force it to maintain status quo or give just a token hike. The proposal has figured in the preliminary discussions , as the policymakers debate ways to give some relief to households from high inflation.
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- Tuesday, January 19, 2010, 22:55
- Finance
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The government may take the first step towards fiscal consolidation in Budget 2010-11 by partially rolling back tax cuts given to the industry last year. The service tax rate may be restored to 12 per cent, while excise duty could be increased marginally.
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- Wednesday, May 27, 2009, 16:56
- Finance
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IN his first ever formal interaction with media persons today the Finance Minister, Mr Pranab Mukherjee, has said that as per his Party’s manifesto, his Govt is committed to present the Budget 2009 within 45 days and it will be presented in the first week of July. The Budget exercise is already underway in full [...]
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