Excise duty was cut by six per cent in two phases since December 2008 from a peak of 14 per cent earlier to perk up the economy, which came under the impact of deepening financial crisis.
Expectations are running high for the Budget 2010 to do many things -- maintain growth, provide employment, reduce fiscal deficit, take steps to shift to the new Direct Taxes Code, take measures to implement Goods and Services Tax, reduce inflation and increase revenue for the government.
The United Nations has an observer team in Kashmir, which keeps the world body informed of the developments there, he added.
Because of global economic meltdown and stimulus packages provided to industry.
Finance Minster Pranab Mukherjee in his Budget Speech in Parliament on Friday proposed to increase the Plan outlay for the Ministry of New and Renewable Energy by 61% from Rs 620 crore in 2009-10 to Rs 1000 crore in 2010-11.
Certification of Election of Pranab Mukherjee as President of India has been handed over to Prime Minister Manmohan Singh on Monday.
According to Mukherjee, the mere physical presence of the prime minister in Parliament makes a tremendous difference to the functioning of this institution.
Amid the growing chorus against black money and the government's efforts to pull the plug, Union Law Minster M Veerappa Moily has suggested Finance Minister Pranab Mukherjee to completely overhaul the tax administration.
"I am not talking of vigilantism, I am talking of are we vigilant enough proactively to save the basic tenets of our country?" he questioned.
He wondered what poor farmers could be getting as there is a huge gap of Rs 6 to 7 per kg in mandi (wholesale) and retail prices.
The Plan allocation for the power sector has been doubled from Rs 2,230 crore in 2009-10 to Rs 5,130 crore in 2010-11. The allocation does not include allocations for Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY). This was announced by the Finance Minister, Pranab Mukherjee in his Budget speech in Parliament on Friday.
All India Congress Committee General Secretary Prithviraj Chavan, former Chief Minster Ghulam Nabi Azad, former Union Minister Saiffudin Soz, along with Union Ministers Pranab Mukherjee and A K Antony are likely to take part in the deliberations. Congress sources said the election results clearly indicate that National Conference will be in a position to form the government with support of Congress and from some independents.
GSAT-18, which aims at providing telecommunications services for the country by strengthening ISRO's current fleet of 14 operational telecom satellites, was launched into a Geosynchronous Transfer Orbit about 32 minutes after the lift-off.
Amit Shah said simultaneous polls would curb expenditure.
With just eight days left for the winter session, Jaitley and Parliamentary Affairs Minster M Venkaiah Naidu held consultations with Leader of Opposition in Rajya Sabha Ghulam Nabi Azad and Deputy Leader Anand Sharma.
He said the farmer's agitation in Punjab against the new farm laws could lead to 'serious consequences' for national security and alleged that China and Pakistan were seeking to disturb peace in the country's border state. Stressing that his intention was not to disturb peace, Singh said he was trying to 'save' his state's farmers as the Centre was 'playing with' their livelihoods.
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