The Union Budget 2010-11 was presented at a time when the Indian economy is on the path of revival and

almost all demand indicators have turned significantly positive. Investment and consumption demand has been on a revival mode but main problem was inflation which was not under control when pranav da walked in there was lot of expectation from him as all the monitory policy was in action still inflation was not under control so all eyes were on him so what he can make changes in fiscal policy (TAX PART) to control inflation. INDIRECT TAX Excise duty rates have been hiked, they still remain lower than the pre-crisis level and should not be a deterrent in the process of economic recovery it is unlikely that the 2% hike in excise duty will be passed on thus mitigating any immediate inflationary concerns.MAT was increased from 15 to 18% SEZ area companies will be affected. Tax on all services provided by hospitals with 25 or more beds with facility of central air conditioning big blunder from government. Direct tax Exemption limit for the general category of individual taxpayers enhanced from Rs. 1,60,000 to Rs. 1,80,000 giving uniform tax relief of Rs. 2,060 which is below expectation. Qualifying age reduced for senior citizens from 65 years to 60 years a good move. Salaried employee having no other source of income is exempted from filing the return was a good move. A New category of V.Senior citizen created for people of 80+ age and a exemption limit of 500000 will be provided to them which was of no use.

OTHER IMPORTANT ANNOUNCEMENTS Direct transfer of cash for kerosene, diesel and fertilizers, as it would stop pilferage, ensure that benefits reach those it is intended for and also makes the subsidy bill worthwhile.GST was delayed again which can increase the GDP of country whenever it is imposed. FII investment through Mutual Funds CRUCIAL FOR INDIAN ECONOMY. Disinvestment without Privatization was timely a good call. Budget proposes to raise housing loan limit from20 lakh to25 lakh and 1% reduction in the interest rates on loan up to 15L which was good move for infrastructure to develop a country.. Well half of the Union Budget focused on Infrastructure. It is a good budget for Industry. But FM has missed an opportunity. The reason for the same is it cant be called as Aam Aadmi ka Budget.. By:Udit maheshwari We school 9769988533