Budget 2011 +ve

March 1, 2011
Positive Outcome 

  1. Current surcharge of 7.5 per cent on domestic companies proposed to be reduced to 5 per cent
  2. Higher exemption limit of Rs 5,00,000 for very senior citizens, who are 80 years or above
  3. Allocation to Sarva Shiksha Abhiyan increase by 40 per cent to Rs 21,000 crore
  4. Allocation for education increased by 24 per cent over current year
  5. Allocation of Rs 2,14,000 crore for infrastructure in 2011-12; an increase of 23.3 per cent over 2010-11
  6. Excise duty to be reduced from 10% to 5% on parts of specified machinery
  7. Surcharge for companies cut to 5 per cent, from 7.5 per cent
  8. Special incentives for hybrid vehicle makers if manufacturing done in India to be positive for auto companies
  9. Crude palm used in sports exempted from customs duty to be positive for palm oil companies
  10. Duty reduced on hybrid & electric cars along with batteries imported for such vehicles
  11. Senior Citizen Age Limit reduced from 65 years to 60 years for Income Tax purposes
  12. Naina Lal Kidwai: The green orientation of the budget is a welcome positive
  13. Basic customs duty on agricultural machinery reduced to 4.5 per cent from 5 per cent
  14. No import duty on ship parts positive for SCI
  15. Tax exemption limit for senior citizens raised to Rs 2.5 lakh from 2.4 lakh

Source- http://economictimes.indiatimes.com/budget.cms