Union Budget 2009: A People Oriented Budget?

October 12th, 2009 NEW DELHI - The federal government may give up the practice of presenting an outcome budget for ministries as it has found it to be of little use with the kind of tools being currently deployed for evaluation, a top policymaker said Monday. Outcome budgets are progress reports of ministries on what they have done with the money allocated to them in the national budget that is presented in parliament each year.

August 3rd, 2009 Changes in federal tax receiptsFederal tax receipts are on pace for the biggest single-year drop since 1932. The annual percentage change for individual income taxes, corporate income taxes, Social Security taxes, and total tax receipts: Sources: Office of Management and Budget, Treasury Department.

July 6th, 2009 NEW DELHI - Former Reserve Bank of India (RBI) governor C. Rangarajan said Finance Minister Pranab Mukherjee's union budget presented in parliament Monday was a difficult balancing act.

July 6th, 2009 In an effort to provide interim relief to small and marginal taxpayers and senior citizens, the Finance Minister of India, Pranab Mukherjee presented the Union Budget 2009-10 today. This years budget witnessed a gradual hike in the income tax exemption limit.

July 6th, 2009 NEW DELHI - Highlights of the union budget for the current fiscal presented by Finance Minister Pranab Mukherjee in the Lok Sabha Monday: - Tax department to work on early introduction of Saral 2 forms - Stimulus for print media extended from June 13 to Dec 31 - Rs.1,000 crore to accelerate irrigation projects - Agriculture development fund increased from Rs.2.87 lakh crore to Rs.3.25 lakh crore - Market development assistance scheme for exporters increased by 148 percent to Rs.124 crore - Pre-shipment interest subvention set at 2 percent for textile exporters - Will make sufficient funds for infrastructure development - Allocation for national highways development stepped up by 23 percent - Allocation for urban poor schemes to be raised to Rs.39,730 crore in 2009-10 - LNG infrastructure to be expanded - Allocation for Jawaharlal Nehru Urban Renewal Mission raised by 87 percent to Rs.12,887 crore There's a lot of exciting revelations speculated this afternoon, do stay with us to get the latest news, views and incisive details. and bookmark the following link: Indian Budget 2009-10 We are updating every minute.

July 6th, 2009 RAIPUR/NEW DELHI - Chhattisgarh Chief Minister Raman Singh Monday termed the union budget as "anti-poor" and aimed to serve the Congress party's "political interests". Singh, who is in New Delhi, told reporters that the budget presented by Finance Minister Pranab Mukherjee in parliament "is anti-poor.

July 6th, 2009 NEW DELHI - India's fiscal budget has risen from Rs.193 crores to over Rs.10 lakh crores in the 63 years since independence of the country in 1947, Finance Minister Pranab Mukherjee said while presenting the budget for 2009-10 in the Lok Sabha Monday. "Madam speaker, I am happy to announce that for the first time, the budget estimates have crossed Rs.10 lakh crores.

July 6th, 2009 NEW DELHI - The ruling Congress said Monday the budget presented by Finance Minister Pranab Mukherjee was progressive, but the opposition parties termed it as "routine and inconsequential. "Budget 2009 is progressive, inclusive, growth oriented and balanced.

July 6th, 2009 Every Indian is eagerly awaiting the biggest Budget ever, amidst the slowing down economy. Finance Minister Pranab Mukherjee would present Union budget for this fiscal from 11 this morning.

July 6th, 2009 BHUBANESWAR - Orissa Chief minister Naveen Patnaik criticized the union budget presented Monday by Finance Minister Pranab Mukherjee in the Lok Sabha saying that it does not satisfy the needs of the common man. "It is seen that the union budget is broadly continuance of the existing schemes.

July 6th, 2009 MUMBAI - The All India Association of Industries (AIAI) has welcomed the hikes in allocations for infrastructure, agriculture and small and medium enterprises (SMEs) for exports in the fiscal 2009-10 budget announced Monday, and termed the move as growth-oriented". According to AIAI president Vijay Kalantri, the increased allocation of Rs.5,000 crore for railways, 23 percent for national highways, higher allocation for gas grid, Rs.7,000 crore for rural electrification and 87 percent increase in the Jawaharlal Nehru National Urban Renewal Mission would generate employment and serve as a growth stimulus.

July 3rd, 2009 NEW DELHI - Railway Minister Mamata Banerjee arrived in parliament house Friday morning to present her ministry's budget for this fiscal, promising to address the demands of the average passenger. "My budget will be of the people, by the people and for the people," Banerjee told reporters before leaving for parliament house to present the railway budget in Lok Sabha, the lower house.

June 15th, 2009 NEW DELHI - The union budget for 2009-10 would be presented on July 6 and the railways budget three days earlier on July 3. The schedule for the budget session of parliament was decided at a meeting of the union cabinet chaired by Prime Minister Manmohan Singh before his departure for the Russian city of Yekaterinburg to attend the BRIC (Brazil, Russia, India and China) and the SCO (Shanghai Cooperation Organisation) summits.

June 15th, 2009 NEW DELHI - The union budget for 2009-10 would be presented on July 6 and the railway budget three days earlier on July 3. The dates were decided early Monday before Prime Minister Manmohan Singh's departure for the Russian city of Yekaterinburg, an official said.

April 28th, 2009 NY budget official: Recession to end later in yearALBANY, N.Y. — New York state budget officials predict the national recession will end sometime in the third quarter of 2009.