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Full Coverage: 2011 Union Budget

Budget implications for garment manufacturers

Here are some queries on taxation and service tax liabilities, addressed by Ernst & Young. Readers may mail their queries to fesmes@gmail.com

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Budget 2011-12: The jury is still out
The Union Budget reflected the finance minister's struggle to strike a balance between maintaining growth and containing inflation.
Budget 'fails' fairer sex test: Experts
The Union Budget 2011-12 fell short of expectation in respect of women-specific initiatives, experts said today with a National Advisory Council member maintaining that it "failed the test" in regard to both social sector and gender perspectives.
Auto firms seek clarity on Budget customs duty clause
Ambiguity relating to the import of auto parts in the Budget announced this week has led to confusion among auto manufacturers.
Budget: IMA slams 5% service tax on healthcare
The Indian Medical Association has lashed out against the imposition of five per cent service tax on healthcare.
Leather industry too happy with Pranab
Union Finance Minister�s proposal on Monday during presentation of the Union Budget for 2011-12 to allot one of the seven mega clusters planned to promote leather industry to Uttar Pradesh has delighted the leather product manufacturers of Kanpur.
Will effective revenue deficit be the new revenue deficit?
Finance minister Pranab Mukherjee has introduced an alternate revenue deficit in the Budget for 2011-12 by knocking off grants provided to states from revenue expenditure.
Sell-off target achievable, says Patel
A day after the Union Budget announced a target of Rs 40,000 crore from sell-off proceeds for the next fiscal, heavy industries and public enterprises minister Praful Patel on Tuesday.
Caution on flagship schemes, outlays see a meagre hike
Caught between the traditional urge of resorting to populism and narrowing down the fiscal deficit, finance minister Pranab Mukherjee chose the latter in the Budget for 2011-12.
Industry says it�s a mixed bag
After enjoying exemption for years together, finally the bicycle and sewing machine industries of Punjab will have to pay 1 per cent Central excise duty on finished product.
�Budget aims to raise farm yield, lower ecological damage�
Food security and organic farming can go hand in hand. Union Finance Minister Pranab Mukherjee today gave a green signal to efforts under the National Mission for Sustainable Agriculture to promote green manuring and organic farming while talking about bringing in the Food Securtiy Act this year.
India's subsidy bill up by over 100%
India's subsidy bill will jump by more than 100 per cent during the four-year period ending 2011-12 to Rs 1.43 lakh crore mainly on account of rising outgo towards petroleum and food items.
High growth makes equity a safe bet
Amit (30) and Neeta (28) Upadhyay are a young couple with a two year old son.
Disinvestment momentum maintained
Sell-off target for 2011-12 kept at Rs 40,000 crore which will be used for social schemes.
Will FM stay the course on subsidy cuts?
BPL families to get direct cash transfer to buy kerosene, LPG.
Buoyant taxes pull down deficits
Deficit � the biggest concern for pundits � has been reined in, creating space for lending to India Inc. The government will borrow Rs 30,000 crore less next year.
Good marks for education sector
Finance Minister increases allocation by 24 per cent to Rs 52,057 crore.
Farmers get 3% interest subsidy
Mukherjee reduces interest rate on loans to 4 per cent for farmers who repay on time.
Social spend patterns get a makeover
MNREGA allocation remains flat, but anganwadi workers will get Rs 3,000 a month, double what they got this year.
Metros� metro plans get cash pillar
Funding for JNNURM scaled down; slum-free India scheme gets no support.

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