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- Finance
Panel's recommendations have been considered
- Income tax reforms almost complete
- GST will be implemented next year
- Direct Tax code by Apr 2011
- Rs 25000 cr disinvestment target this year
- Fertiliser subsidy will be reduced
- Government taking steps to simplify FDI to woo foreign inverters
- Review of public spending needed
11: 22 AM
- FM addresses the problem of Inflation
- State governments will be consulted over inflation
- Efforts to lower inflation in next two months
- Double digit food inflation a big concern
11: 17 AM
- FM gives brief overview of the economy (Economic Survey 2009-10)
- Indian economy has shown encouraging recovery signs
- Economy stabilised in Q1 of 2009
- Growth in manufacturing 18.5 pc, highest record in 2 decades
- Export figures are also encouraging
11: 12 AM
- Indian economy in better condition than it was earlier: Pranab Mukherjee
- Three challenges of 2009-10 budget remain relevant today
- First challenge: Revert back to GDP growth of 9 pc and slowly increase it to a double digit growth
- Second challenge: Using growth in development of the nation through infrastructure
- Third challenge: Weakness of government system. Structuring the system is needed
11: 08 AM
- FM begins budget speech recalling 2009's interim budget and Union Budget 2009-10 when Indian economy was still weak from the global slump
11:04 AM
- Pranab Mukherjee enters Parliament with a briefcase carrying the Budget
10: 47 AM
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