Economic Times: Partial stimulus rollback may cut net govt borrowing in FY11
The Union government’s overall borrowings from the local debt market for the next fiscal may exceed that in the current year, but the large chunk of scheduled bond redemption could keep bond yields in check, say analysts.
Times of India: How the budget may shape your year
Will you have to pay more tax or will your dream home become a reality? What does the Budget hold in store for you?
Economic Times: Exemption limit on medical costs likely to go up
While industry is apprehensive of a possible rollback of the stimulus package, there could be some cheering news in the forthcoming Union Budget for salaried employees. The government is likely to increase the exemption limit for reimbursement against medical and travel expenses
The Hindu: Centre admits “unhappy pressure” on food prices
If the ‘aam aadmi’ is paying more for food, one of the reasons is that his income has risen, President Pratibha Patil said in her address to the joint sitting of Parliament on Monday at the start of the Budget session.
Business Standard: Police budget increased
Chhattisgarh government has increased the police budget for the fiscal 2010-11 by 17% to strengthen the law and order, and combat red terror in the country’s worst Naxal-infested state.
Business Standard: Budget may lay roadmap against treaty shopping
The Union Budget on Friday is expected to lay down a plan to plug loopholes in the double tax avoidance treaties which cost the Indian exchequer crores in tax revenues.
Business Standard: UP MSME wants level playing field
As the Union Budget 2010 date draws near, the Micro, Small and Medium Enterprises (MSME) in Uttar Pradesh are ready with their wish-list for a major push to the sector, which contributes over 50% of the state’s industrial output.