Tax Slab 2010

February 26, 2010
  1. Income up to Rs 1.6 lakh – nil
  2. Income above Rs 1.6 lakh and up to Rs 5 lakh – 10 per cent
  3. Income above Rs 5 lakh and up to Rs 8 lakh – 20 per cent
  4. Income above Rs 8 lakh – 30 per cent.

New tax rates would offer relief to 60 per cent of taxpayers, the finance minister said.

  • Additional deduction of Rs 20,000 allowed on long-term infrastructure bonds for income tax payers; this is above Rs one lakh on saving instruments allowed already.
  • Investment linked tax deductions to be allowed to two-star hotels anywhere in the country.

Source: http://beta.profit.ndtv.com/news/show/relief-for-60-income-tax-payers-in-budget-27658

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More on Union Budget 2010

February 26, 2010
• Union Cabinet approves Budget for 2010-11.
• Fiscal year 2009-10 was challenging for Indian economy
• First challenge before Government is to quickly revert to high GDP growth path of 9 per cent
• Second challenge is to harness economic growth to make it more inclusive and consolidate gains.
• Impressive recovery in the past few months. Can witness faster recovery in the coming months, says Mukherjee
• We have strengthened food security, says Mukherjee.
• 18.5 per cent manufacturing growth in December was highest in two decade.
• Figures for merchandise exports for January encouraging after turnaround in November and December last.
• Need to review stimulus imparted to economy, says FM.
• Need to ensure that the demand-supply imbalance is managed, says Mukherjee.
• FM appeals to “misguided elements” (left wing extremists) to eschew violence and join the mainstream.
Expenditure/ deficit and revenue

• Total expenditure pegged at Rs 11.8 lakh crore, an increase of 8.6 per cent.
• Non-plan expenditure pegged at Rs 37,392 crore and Plan expenditure at Rs 7,35,657 crore in budget estimates.
• 15 per cent increase in plan expenditure and six per cent in non-plan expenditure.
Fiscal deficit pegged at 5.5% for 2010-11, says FM
• Fiscal deficit seen at 4.8 per cent and 4.1 per cent in 2011-12 and 2012-13 respectively.
• Fiscal deficit pegged at 6.9 per cent in 2009-10 as against 7.8 per cent in the previous fiscal.
• Government’s net borrowing to be Rs 3,45,010 crore for 2010-11.
Taxes, Disinvestments and Exports/Imports

• Gross tax receipts pegged at Rs 7,46,656 crore for 2010-11, non-tax revenues at Rs 1,48,118 crore.
Income Tax department ready with two-page Saral-2 return forms for individual salaried assesses.
• FM prunes tax rates: Income up to Rs 1.6 lakh – nil
• Income above Rs 1.6 lakh and up to Rs 5 lakh – 10 per cent
• Income above Rs 5 lakh and up to Rs 8 lakh – 20 per cent
Income above Rs 8 lakh – 30 per cent.
• Finance Minister says Government hopes to implement direct tax code from April 2011.
• Earnest endeavour to implement General Sales Tax in April 2011.
• Finance Minister to continue giving cash subsidy for fuel and fertiliser instead of previous practice of bonds.
• Status paper on public debt within six months.
• Market capitalisation of five PSUs listed since October increased by 3.5 times.
FDI inflows steady during the year. Government has taken series of steps to simplify FDI regime.
• Government intends to make FDI policy user friendly by complying all guidelines into one document.
• Government to continue interest subvention of 2 per cent for one more year for exports covering handicrafts, carpets, handlooms and small and medium enterprises.
Tackling fuel/food price rise

• Double digit food inflation last year due to bad monsoon and drought-like conditions, says FM
• Erratic monsoon and drought-like conditions forced supply side bottleneck that fuelled inflation, says FM.
• Deficit in foodgrains storage capacity to be met by private sector participation.
• Government conscious of the situation of price rise and taking steps to tackle it, says FM.
• Kirit Parekh report on fuel price deregulation will be taken up by Oil Minister Murli Deora in due course, says FM.
Growth/Development schemes and proposals

• Government has decided to set up apex-level Financial Stability and Development Council.
• RBI considering some additional banking licenses to private companies, NBFC will also be considered if they meet criteria.
• Government committed to ensure continued growth of Special Economic Zones.
• Need to take firm view on opening up of the retail sector, says FM.
• Government proposes to set Coal Development Regulatory Authority.
• Government for competitive bidding for coal blocks for captive power plants.
• Clean Energy Fund to be created for research in new energy sources.
• Alternative port to be developed at Sagar Island in West Bengal.
• Exclusive skill development programme to be launched for textile and garment sector employees.
• Financial Sector Legislative Reforms Committee to be set up.
• Planning Commission to prepare integrated action plan for Naxal-affected areas.
• A unique identity symbol would be provided to the Indian Rupee in line with US Dollar, British Pound Sterling, Euro and Japanese Yen.

Rural and social sector development

• Govt to provide Rs 66,100 crore for rural development
• Outlay for social sectors pegged at Rs 1,37,674 crore, accounting for 37 per cent of the total plan allocation.
• Plan allocation for health and family welfare increased to Rs 22,300 crore from Rs 19,534 crore.
• Allocation for NREGA stepped up to Rs 40,100 crore in 2010-11.
Indira Awas Yojana scheme’s unit cost raised to Rs 45,000 in plain area and Rs 48,500 in hilly areas.
• Government will raise Rs 25,000 crore from disinvestment of its stake in state-owned firms.
• Government to provide Rs 16,500 crore to public sector banks to maintain tier-I capital.
• Rs 200 crore provided for climate resilient agriculture initiative.
• 25 per cent of plan outlay earmarked for rural infrastructure development.
• Allocation for urban development increased by 75 per cent to Rs 5,400 crore in 2010-11.
• One per cent interest subvention loan for houses costing up to Rs 20 lakh extended to March 31, 2011; Rs 700 crore provided.
• Rs 1,270 crore provided for slum development programme, marking an increase of 700 per cent.
• Government decides to set up National Social Security Fund with initial allocation of Rs 1000 crore to provide social security to workers in unorganised sector.
• Government to contribute Rs 1,000 per year to each account holder under the new pension scheme.
Finance allocation
• For rural development, Rs 66,100 crore have been allocated.
• Govt to provide Rs 66,100 crore for rural development
• Allocation for development of micro and small scale sector raised from Rs 1,794 crore to Rs 2,400 crore.
• Allocation for women and child development hiked by 80 per cent.
• Rs 1,900 crore allocated for Unique Identification Authority of India.
• Plan outlay for Ministry of Social Justice raised by 80 per cent to Rs 4,500 crore.
• Plan allocation for Ministry of Minority Affairs raised from Rs 1,740 crore to Rs 2,600 crore.
• Defence allocation pegged at Rs 1,47,344 crore in 2010-11 against Rs 1,41,703 crore in the previous year. Of this, capital expenditure would account for Rs 60,000 crore.
Infrastructure and Education

• Rs 1,73,552 crore provided for infrastructure development.
• Road transport allocation raised by 13 per cent to Rs 19,894 crore, says FM.
• Propose to maintain thrust of upgrading infrastructure in rural and urban areas. IIFCL authorised to refinance infrastructure projects.
• Road transport allocation raised by 13 per cent to Rs 19,894 crore.
• Allocation for Railways fixed at Rs 16,752 crore, an increase of Rs 950 crore over last financial year.
• Mega power plant policy modified to lower cost of generation; allocation to power sector more than doubled to Rs 5,130 crore in 2010-11.
• Rs 500 crore allocated for solar and hydro projects for Ladakh region.
• Allocation for new and renewable energy ministry increased by 61 per cent to Rs 1,000 crore.
• One-time grant of Rs 200 crore provided to Tirupur textile cluster in Tamil Nadu.
• Allocation for National Ganga River Basin Authority doubled to Rs 500 crore.
• Plan allocation for school education raised from Rs 26,800 crore to Rs 31,036 crore in 2010-11.
Agriculture

• Nutrient based fertiliser subsidy scheme to come into force from April 1.
• Nutrient based fertiliser subsidy will reduce volatility of subsidy and also reduce it
• Government to provide Rs 300 crore to organise 60,000 pulse and oilseed villages and provide integrated intervention of watershed and related programme.
• Repayment of loan by farmers extended by six months to June 30, 2010 in view of drought and floods in some part of the country, says FM.
• Interest subvention for timely repayment of crop loans raised from one per cent to two per cent, bringing the effective rate of interest to five per cent.
Source: http://www.timesnow.tv/Pranab-presents-budget-prunes-tax-rates/articleshow/4339395.cms

Union Budget 2010

February 26, 2010
  • Finance Minister says Government hopes to implement direct tax code from April 2011.
  • Kirit Parekh report on fuel price deregulation will be taken up by Oil Minister Murli Deora in due course.
  • Fiscal Deficit for 2010-11 at 5.5%
  • FY’12 Fiscal Deficit seen at 4.8%
  • Fiscal Deficit for 2010-11 at 5.5%
  • Rs 60000 cr as capex for defence sector
  • Allocation of Rs 1900 cr for UID project
  • UIDA to roll out 1st set of IDs by end of this year
  • National Social Security Fund for unorganised sec
  • Govt to contribute Rs 1000/month for Pension Security
  • Rs 5400 cr allocated for urban development
  • Rs 48000 cr allocated for Bharat Nirman
  • Rs 66100 cr allocated for rural development
  • Allocation to NREGA raised to Rs 41000 cr
  • To allocate Rs 22300 cr to Health Ministry
  • Social sector spending in FY’11 seen at Rs1.38 lakh cr
  • 25% of plan allocation for rural infra
  • Govt ready with Draft Food Security Bill
  • To provide 1 time grant for Tirupur exports
  • To establish National Clean Energy Fund
  • Plan outlay for renewable energy raised to Rs 1000 cr
  • IIFCL disbursements at Rs 9000 cr by March 2010
  • Allocation to road infra raised to Rs 19894 cr
  • Govt to extend interest subvention of 2%
  • RBI considering additional banking license to pvt players
  • NMDC, SVJN stake sale to fetch Rs 25000 cr in FY’10
  • To raise Rs.25,000 cr in FY’10 from PSU disinvestment
  • Hope to rollout GST by April 1, 2011
  • To implement Direct Tax Code from April 1, 2011
  • Hope to reach 10% GDP in near future
  • Review of stimulus for fiscal consolidation
  • Budget has to signal policies for the future
  • Budget not a mere statement of accounts
  • India faces challenges of reviving double digit growth
  • Challenges not any less than 9 months ago
  • Need to provide food security, healthcare for all
  • Economy has weathered the recent economic crisis
  • Indian economy faced grave uncertainty in 2009
  • Need to move to high GDP target of 9%
  • Budget to reflect govt’s vision for development
  • Weakness in govt system still a challenge
  • Need to make development more inclusive
  • Expect roadmap for reduction in subsidy for oil sector
  • Issues of subsidy need to be addressed
  • Expect a partial withdrawal of stimulus in the budget
  • More clarity on growth in H2 CY’10
  • Indian markets to trade sideways to negative
  • Real GDP growth of 8-9% next fiscal
  • Govt needs to address deficit concerns
  • Monetary tightening likely to continue
  • Rising inflation a challenge for budget
  • No hike expected in IT exemption limits
  • Likely roll-back in tax cuts on excise duties
  • Depreciation rate to be aligned for accounting
  • Expect fiscal deficit at 5.3% in FY’11 vs 6.3% of GDP
  • Overall deficit may come down from 10% of GDP to 8.5%
  • Expect govt to begin unwinding of softer fiscal stance
  • Infrastructure push to continue
  • Hike in Excise duty likely
  • Announcement of divestments unlikely
  • Govt must look at reducing corporate tax rates
  • Expect fiscal deficit to be cut to 5.5% of GDP in FY’11
  • Expect budget to withdraw certain stimulus measures
  • Expect budget to start process of fiscal consolidation
  • Need for policy intervention for initiating infra projs
  • Expect to see relief for SPV structure
  • European sales up 2% (YoY) to $80mn
  • Guidance based on product exclusivity in U.S
  • 2010 PAT seen at Rs.460cr vs Rs.310cr (YoY)
  • Expect 2010 sales at Rs.7800cr vs Rs.7340cr (YoY)
  • Inflation remains a concern
  • Outline a stable disinvestment plan for few years
  • Must look for clearer tax reforms in 2011
  • Expect govt to take back some stimulus measures
  • Excise rollback not to affect industrial growth
  • Expect some support for export oriented sector
  • Govt should focus on reviving investment demand
  • Key triggers: Borrowing program and monetary stance
  • South-based players may go slow on price hike
  • May pass on hike in excise duty to customers
  • No impact on Marico since products are tax exempt
  • Marginal impact on Nestle and Britannia
  • Difficult for HUL to pass on hikes due to shrinking share
  • HUL: Major chunk of production attracts excise
  • Competition will make it difficult to hike prices
  • CV makers M&M, Tata Motors less sensitive to hikes
  • Maruti, Hero Honda unlikely to pass on entire excise hike
  • Prices may be increased if excise duty is hiked
  • Auto, FMCG, cement likely to take a hit on margins
  • Hike will impact cement, auto and FMCG
  • Excise duty is expected to increase by 2-4%
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  • Expect to see R&D reforms for education sector
  • Strong case for impetuos measures to be reduced
  • Hope to see partial rollback of the stimulus
  • Nifty March Put-Call ratio at 1.26
  • Lower than average rollover shows nervousness ahead
  • Nifty starts the March series at 2.15 cr shares
  • Nifty rollovers at 68.1% vs 76.5%
  • Feb 23: Rs 634.2 cr Feb 22: – Rs 56.8 cr
  • Feb 25: – Rs 594.78 cr Feb 24: Rs 566.4 cr
  • FIIs Net Buy at Rs.645.02 cr in F&O
  • FIIs Net Buy at Rs 321.48 cr in Stock Futures
  • FIIs Net Sell at Rs.242.72 cr in Index Futures
  • DIIs Net Buy at Rs 325.92 cr
  • Reverting to path of fiscal responsibility
  • FY’10 fiscal deficit is seen at 6.8% of GDP
  • Total deficit, including states’ is 10.2% of GDP
  • Widening of Tax net to include base not taxed earlier
  • To ensure tax evasion gets more difficult & expensive
  • Simplifying tax procedures that lead to tax evasion
  • Need for a simple tax system with reasonable rates
  • Short-term revenue loss must not hold up tax reforms
  • Speedy implementation of GST desirable
  • Disinvestment proceeds of Rs1120cr insufficient
  • Govt should aim at raising Rs4000cr through disinvestment
  • Funds collected can be invested in public sector
  • Funds to be used for financing long term investments
  • Shift from cash account to accrual budgeting beneficial
  • Accrual budgeting will ensure resource utilisation
  • Accountability with delivery time key to efficiency
  • Third party monitoring for each project
  • FIIs Net Sell at Rs 594.78 cr
  • Third party monitoring will ensure resource utilisation
  • Monitoring cell to include Govt, and industry experts
  • Reforms needed in property, tax and import procedures
  • Sustaining domestic level of prices not viable
  • Administrative reforms can help cut transaction costs
  • Govt should provide flexibility in labour laws
  • Labour laws must enable industry to compete with China
  • Risk of food inflation cascading to other sectors
  • Long pending labour reforms have hindered investments
  • A sound regulatory framework needed
  • Sharp increase in food prices cause for concern
  • Transparency in bidding process for PPP projects
  • Issues delaying roll-out of PPP need to be addressed
  • Recommends bringing down deficit to 5.7%
  • Govt intervention needed to expedite PPP process
  • Conducive eco-system for SMEs needed
  • Recommends calibrated exit move from current stand
  • Systems should provide supply of man power, branding
  • Simplify process of land acquisition
  • Tax benefits for companies which source from SMEs
  • SME stock exchange will help raise equity capital easily
  • Continue with concessional excise duty of 8%
  • Reduce excise duty gap between large and small cars
  • Large cars attract 20% + Rs 20,000 excise, small cars 8%
  • Recommends fiscal consolidation by eliminating deficit
  • Reduce excise duty on MUVs from 20% to 8%
  • Remove anomalies in input and output duty structures
  • Tyres can be imported at 10% duty, natural rubber at 20%
  • Reduce excise duty on carbon black from 14% to 8%
  • GDP growth expected to breach 9% in 2011-12
  • Classify ATF as a ‘declared good’ attracting 4% VAT
  • States presently tax ATF at varying rates, going up to 16%
  • Scrap 10% service tax on intl travel in first class
  • Increase the FDI limit in aviation to 49% from 26%
  • Extend repayment period on farm debt waiver
  • Increase FDI cap in insurance from 26% to 49%
  • GDP seen at 8.5% ( +/- 0.25%)
  • Allow power finance companies to float tax free bonds
  • GDP growth expected to be 1% higher in FY’11
  • Recapitalise PSU banks or permit raising stake dilution
  • Increase cap on FII stake in PSU banks from 20%
  • Correct input and output duty anomalies
  • Cement attracts no import duty, but pet coke attracts 5%
  • Simplify MRP based excise duty structure for cement
  • Excise duty is Rs 230/tn for MRP below Rs 190/50kg bag
  • Allow abatement for manufacturing expense for MRP excise
  • Continue with the concessional excise duty of 8% now
  • Increase the income tax slab to drive consumption
  • Increase allocation to NREGS and other welfare schemes
  • Yen declines, export stocks trade positive
  • Japan industrial production rises 2.5% (MoM)
  • Japanese stocks trade marginally higher
  • Mixed trade across Asian markets
  • Bernanke: Fed to investigate trader betting against Greece
  • Orders for durable goods rose 0.6% in January
  • Increase depreciation rate for hotels to 20%
  • Jobless claims hit 22,000 for the latest week
  • Increase tax holiday period from 5 years to 10 years
  • Early sell off triggers by concerns on Greece, eco data
  • Make LTC tax free every year vs for 2 years in block
  • Make VAT rate for hotels uniform across the country
  • Exempt cakes made in hotels from 8% excise
  • Bring STPIs on par with SEZs on tax benefits
  • Increase outlay for higher education
  • Allocate 2-3% of GDP for e-governance projects
  • GDP growth expected to be 1% higher in FY’11
  • Formulate the PPP process for roads and infra projects
  • Exempt infra cos from 15% dividend distribution tax
  • Exempt all infra cos from payment of MAT @ 15%
  • Govt should ensure free flow of credit to infra sector
  • De-regulate oil sector,adopt Parikh Committee’s suggestion
  • Increase subsidies from Rs 0.83/lt for kerosene
  • Provide infrastructure status to E&P and refining
  • Extend 80 IB benefit to pre-NELP & NELP I-VII gas blocks
  • Give a tax holiday to city gas distribution networks
  • Exempt power companies from 15% distribution tax
  • Exempt power companies from MAT @ 15%
  • Allow power companies to isssue tax-free bonds
  • Increase subsidy for solar energy to Rs 16/unit
  • Exempt carbon credit income earned from renewable energy
  • Increase deduction on housing loan interest to Rs 2.5 lk
  • Extend tax benefits for affordable housing beyond Mar ’12
  • Allow fund raising via ECBs through the automatic route
  • Allow separate deduction for housing loan repayment
  • Cut long term capital gains period to 1 year for realty
  • Increase duty on iron ore exports to 20% from 15%
  • Continue with excise duty rate of 8%
  • Accord infrastructure status to the steel sector
  • Extend the 10 (B) benefit to export from SEZs from Mar ’10
  • Extend 2% interest rate subvention to March 2011
  • Biggest challenge in removing impediments
  • Targets in infrastructure sector achievable
  • Capacity addition in power and roads behind target
  • Inflation primarily driven by food products
  • Slowdown in agriculture affecting some segments
  • Industrial outlook bright in the medium term
  • Growth in credit to industry fell from 37% to 14.2%
  • Automobiles, rubber manufacturing recover strong
  • Inflows were down 2% at $19.38 bn (YoY)
  • Recovery in industrial sector is evident
  • Inflows at Rs 93,354 cr, a growth of 9% (YoY)
  • Growth in consumer durables drove industry revival
  • Reversal in downward trend in IIP growth
  • Food coupons must replace existing PDS system
  • Capital inflow creating a supply demand imbalance
  • Portfolio investment rush fuel rise in markets
  • Portfolio investment not backed by strong fundamentals
  • Capital inflows into economy to have negative impact
  • Oil, food bonds need inclusion in fiscal accounting
  • Consumption more impacted by slowdown
  • Tax receipts down due to excise rate cut
  • Expenditure restraint to keep deficit at 6.8%
  • Receipts down due to indirect tax shortfall
  • Likely shortfall in revenue receipts
  • Cut Cap goods tariffs to 3%, abolish EPCG scheme
  • Lower peak duties from 10% to 7.5% merchandise sector
  • Large inflows crucial for countries with deficit
  • Policy changes needed to promote exports
  • Legislation enabling states to levy service tax proposed
  • Centre to reduce share in gross tax revenue
  • Centre to review levy of cess and surcharge
  • Fiscal consolidation by reducing revenue deficit
  • Rs 30000 cr compensation if GST introduced in 2014
  • Rs 40000 cr compensation if GST introduced in 2013
  • Rs 50000 cr compensation for states’ revenue loss
  • Binding agreement of GST rates between Center-States
  • GST to contribute significantly to tax revenues
  • Proposes to reduce debt, GDP ratio to 68%
  • GST seen as a game changer in tax reform process
  • Increasing fuel prices may increase inflation
  • Sustaining domestic fuel prices not viable
  • Food inflation entails risk of transmitted
  • Sharp increase in food price cause for worry
  • Fundamentals of economy improving
  • GDP growth expected to breach 9% in 2011-12
  • GDP seen at 8.5% (+/-0.25%)
  • GDP growth expected higher by 1% over 2009-10

Source: http://www.ndtv.com/budget/data.php?page=Simplified


Whole World congratulates Sachin check the comments

February 24, 2010

As Indian batting legend Sachin Tendulkar became the first batsman in the history of the game to score 200 runs in an ODI innings during the second one-dayer against South Africa in Gwalior, praises pour in from all corners from the world for the Master Blaster.

“I think if you ask Saeed Anwar, he would say he’s happy that Tendulkar broke his record. The reason for his success is that he has a great respect for the game.”
Aamer Sohail, Saeed Anwar’s good friend and opening partner, pays a fitting tribute to the new record-holder

“He should aim for more. Maybe a Test innings of 450 or an ODI knock of 250. And then he himself wants to win next year’s World Cup. There is a little boy in Tendulkar who wants to keep playing. That spirit keeps him going. It’s absolutely incredible how he keeps going.”
Keeping with the Mumbai ways, Sunil Gavaskar is not yet sated

“Come on Sachin my friend get your 200. World record to please! You deserve it… Nervous for my good friend Sachin everything crossed for you mate… Glad I’m not bowling to him today ha ha ha.”
Tendulkar’s old pal Shane Warne tweets his excitement as he nears the double-century

“It shows his mental and physical toughness. He’s a player who does not throw away his wicket once he’s set. He always places a huge price on his wicket.”
Dilip Vengsarkar salutes the attributes that such a knock needs

“Sachin – the greatest ever player ever – without any doubt… I salute Sachin… World’s greatest sportsman. We can see him only rise. (He is an) inspiration to us all. He is the best.”
IPL Commissioner Lalit Modi waxes beyond eloquent, on his twitter page

“What an innings it was. He had come close to achieving it twice. I always felt that Tendulkar and Sanath Jayasuriya are capable of doing that.”
Kumar Sangakkara has not forgotten Tendulkar’s recent dazzling form

“He is my favourite player. I had said that one day he would go on to break all batting records and now you see him scoring runs and runs.”
Javed Miandad kinda saw it coming

“Whatever record is seen to be impossible to achieve, he makes it possible. That’s all I can say. It seems as he’s getting older, he is becoming more and more mature. No wonder Sir Donald Bradman saw himself in the way Sachin bats.”
King of parsimony Bapu Nadkarni is not parsimonious with his praise

Source: http://www.cricinfo.com/indvrsa2010/content/current/story/449882.html


Rail Budget: 2010 highlights

February 24, 2010

The Railway Minister Mamata Banerjee presented the Rail Budget in Parliament today, here are the highlights:

  • Karmabhoomi special trains for those travelling on work
  • Matribhoomi special trains for women
  • Bharatpeeth train in the name of Rabindranath Tagore will travel to 16 destinations across India
  • Railways to develop ten automobile hubs
  • Allocation for construction of new lines increased from Rs 2848 crore to Rs 4411 crore
  • Extension of Kolkata Metro on priority
  • Railways spending seen at Rs 87100 crore in 2011
  • Achieve 1000 km electrification in 2011
  • 54 new trains this year
  • High-speed dedicated passenger corridors to be constructed
  • National High Speed Rail Authority to be set up
  • Cancer patients not required to take tickets
  • Centre for Railway Research to be set up at IIT-Kharagpur
  • Total gross earnings at Rs 88281 crore
  • Railways to have master plan for North Eastern region
  • Funding for all metro projects raised by 55%
  • To start rail link to Bangladesh
  • No forcible acquisition of land for freight corridor project
  • To sign agreement with Japanese company for Western Freight Corridor
  • Freight on food grain, kerosene cut by Rs 100 per wagon
  • Railways have earned net profit of Rs 1,328 crore
  • Integral Coach Factory in Chennai to be modernised and a new unit to be set up there.
  • To set up more freight corridors
  • Upgradation of 94 stations, modern toilets at Railway stations
  • Special women RPF battalions
  • Women’s wing to be formed in RPF to ensure security of women
  • If land is available, Railways willing to set up a Diesel Multiple Unit factory in West Bengal
  • Mobile e-ticketing centres at hospitals, universities, courts, IITs, IIMs
  • Private operators can run special freight trains
  • Dividend to state exchequer Rs 6608 crore in 2011
  • Railways to start work on Rae Bareilly coach factory in the next one year
  • Service Charge on AC class cut to Rs 20 as against Rs 40 earlier
  • 101 new suburban trains in Mumbai
  • Service charge on sleeper class reduced to Rs 10
  • Railways to set up multi-functional hospitals
  • Houses for all Railways employees in the next 10 years
  • Not to increase freight tariff
  • Railways will be the lead partner in the Commonwealth Games in Delhi
  • Special trains for Commonwealth Games
  • Administrative, procedural delays discouraging people
  • Vision 2020 model to formulate strategy for next 10 years
  • Out of 120 new trains, 117 to be launched by March 31
  • For cheap drinking water, plan to start 6 bottling plants
  • Allocated Rs 1,300 crore for passenger amenities
  • Plan to raise Rs 10,000-20,000 crore in the next one year
  • To earn revenues, Railways need to set up a business model
  • Larger section of population to get connectivity over next 5 years
  • Targeting 1000 km new tracks every year
  • All 13,000 unmanned level crossings to be manned in the next five years
  • Policies to be made easy, investor-friendly
  • Special Task Force to clear proposals for investments in 100 days
  • Focus on medium term goals, planning and funds
  • Our objective is to unite the country through rail connectivity
  • Social responsibility priority in my railway budget
  • Time to build partnership with private players

Source: http://www.ndtv.com/news/india/railway_budget_highlights.php


LinkedIn for Outlook

February 18, 2010

LinkedIn, released a beta version of its Microsoft Outlook add.

What does LinkedIn Outlook Connector allows you

LinkedIn Outlook Connector allows you to keep up to date with your LinkedIn connections, integrates their contact information into Outlook, and allows you to add new LinkedIn connections right from your desktop.

Getting Started

Setting up LinkedIn Outlook Connector in Office 2003 and 2007 is straightforward. Just download Microsoft’s Outlook Social Connector, and then install it as you would any other piece of software.

Once you’ve got Outlook Social Connector ready to go, log in to LinkedIn and navigate to linkedin.com/outlook, and install the beta version of LinkedIn’s new add-on. Restart Outlook and a configuration wizard will guide you through the set up process.

To get LinkedIn functionality to work you’ll have to download a free add-on from Microsoft; however, this add-on only works with the 32-bit version of Microsoft Office 2010, and not the 64-bit version or with Office 2010 Home & Business Beta. So if you’re using either of these versions of Office 2010, the LinkedIn add-on will not work for you at this time.

Once you’ve downloaded the Outlook Social Connector for Office 2010, you will also have to go through a relatively rigorous set-up procedure that is not for the faint of heart.

You can find installation instructions on this page at Microsoft’s Website.

Source: –

  1. http://www.pcworld.com/article/189582/linkedin_lands_in_microsoft_outlook.html?tk=rel_news
  2. http://www.linkedin.com/outlook
  3. http://www.microsoft.com/downloads/details.aspx?FamilyID=c87e257c-d76f-4785-a09b-af36babd6e32&displaylang=en



Hero Honda FIH World Cup 2010 : New Delhi, India from 28 February-13 March 2010

February 16, 2010

New Delhi’s Dhyan Chand Stadium will be at the center of the most elite hockey event in the world. The twelfth edition of Men’s Hockey World cup will be held in the year 2010 in New Delhi between February.

Lets promote our National game.

Click here to know Hockey World Cup Schedule 2010

Source: http://www.fihockey.org/vsite/vcontent/content/transnews/0,10869,1181-18543-19728-15688-304993-14316-5039-layout169-19693-news-item,00.html