Budget 2011: other media coverage - 24 February 2011

Budget 2011: other media coverage - 24 February 2011

The Economic Times

Budget 2011: Com Min favours tax sops for doubling exports to $450 bn

Amid concerns over the widening trade deficit, Commerce Ministry on Wednesday favoured continuation of stimulus for exporters in the forthcoming Budget to help the country double exports to USD 450 billion in three years. (Read complete story)

Budget 2011: Growth, inflation, fiscal consolidation

Union Budget 2011 is just four days away. The finance minister is busy performing fiscal feats for an economy that is showing signs of recovering but has a current account deficit that has risen to 3.7% of GDP in the first half of 2010-11. (Read complete story)

Budget 2011: Simple tax structure right way to GST

India will miss the April 1, 2011, deadline to implement the goods and services tax (GST), with the BJP-ruled states playing spoilsport once again. (Read complete story)

Will Budget 2011 be a step closer to Direct Taxes Code?

With the proposal to introduce Direct Tax Code (DTC) from April 1, 2012 already in place, people seem to have accepted the fact that any change introduced in Budget 2011 would either be in accordance with the provisions of the DTC or may be a midway provision in order to facilitate a smooth transition to DTC. (Read complete story)

Hindustan Times

GST roadmap poised to be unveiled in budget

The government is likely to announce a roadmap for migrating to a countrywide goods and services tax (GST) in the 2011-12 budget. (Read complete story)

The Financial Express

Windfall budget for taxpayers: Goldman

The government may raise the income tax exemption limit in the upcoming Budget to provide some relief to the taxpayer from inflation, Goldman Sachs said today. (Read complete story)

Raise I-T exemption limit to 2 lakh: Sinha to FM

Standing Committee on Finance Chairman Yashwant Sinha on Wednesday suggested to raise the income tax exemption limit from 1.6 lakh to 2 lakh in the Budget apparently to provide relief to common man reeling under the impact of high inflation. (Read complete story)