FYOQ News For Your Omni Queries

Today Tamil Nadu Finance Minister K. Anbazhagan has presented the state budget for 2010-2011. Well overall, this budget has brought no extra burden for a common man of Tamil nadu.

The highlights of this budget is no new taxes, reduced tax rates on many items and has announced the creation of a separate department for the differently abled people.

He said in the assembly while presenting budget about the total revenue. The total revenue receipts of the government for 2010-11 are estimated at Rs.63,091.74 crore and the total revenue expenditure is estimated at Rs.66,488.19 crore. Accordingly, the revenue deficit is estimated at Rs.3,396.45 crore.

Well he also said that main deficit was caused due to the implementation of Sixth pay commission. He also announced many welfare measure for Agriculture and Co-operation, Animal Husbandry,
Irrigation and Flood control, Price Rise and Public Distribution System,
State Autonomy, Sethusamudram Project, Welfare of Sri Lankan Tamils, Law and Order, Courts, School Education, Higher Education, Health and Family Welfare, Electricity, Industries, Small Industries, Information Technology, Development of Roads, Transport, Housing, Municipal Administration, Drinking Water,Rural Development, Welfare of Women
Welfare of Children and several other issues.

Rajasthan Chief Minister Ashok Gehlot today presented State Budget for financial year 2010-2011. He presented the budget for the second time in his second tenure.

The budget mainly focussed on welfare of common man. But some of the things definitely got costlier which was against expectations of a common person.

Some of the key features of the state budget of Rajasthan were – 400 Crore alloted for Urban development in State, Ration for BPL Families at 2 Rs/Kg, AICTE based payment for Polytechnic colleges lectures, 777 Crore for water supply schemes and 12 crore for drinking water.

 

Other major highlights of this budget presented by state Government was 11424 Crore for energy development, 1851 crore for Road development, Five new ITI for minorities and 2 crore for Madarasa’s, SC/ST hostel will be increased to 50 from 25, 25000 gas connections to schools, Three lakh Mitrik Ton DAP for farmers AND MANY MORE.

Special issues that were taken care of were rural sector development, Women-oriented plans, focus on agriculture and etc.

Both kerala and Karnataka state budget for the year 2010-2011 has been announced today. So let us analyze in details regarding the key points of this budget.

Finance minister of Kerala Thomas Isaac announced the state budget and told that this budget is common man friendly budget. He told that the key points of the budget are “an increased outlay for capital expenditure, emphasis on welfare measures, and no additional burden on the common man”.

This budget also claims emphasis on higher education and the IT sector- told finance minister.

A new surprise proposal is to establish 8 new PSUs, with an investment of Rs 125 crore. The development comes even as many PSUs are finding the going tough, and the state road transport corporation is forking out Rs 20 crore per month in interest costs.

Karnataka chief minister B S Yedyurappa also announced state budget for upcoming year. The main factors included are –

1000 new Industrial Training Institutes (ITI) to be opened under Public Private Pratnership (PPP )in rural areas.
Sanskrit University in Bangalore
Rs 25 cr for improving roads in Coorg
Rs 425 cr to develop new areas under BBMP
Rs 250 cr for widening of all state highways
4 lane highway between Hubli – Dharwad at the cost of Rs 50 cr
Better drainage system promised for Bangalore
1 per cent Hike in VAT from the next Financial year
Rs 2 cr allotted for Solar Lamp subsidy

Union Budget for 2010 is going live in 15 minutes from now from lok Sabha. The finance minister of India Pranav Mukherjee has already arrived in parliament to present Indian Union Budget 2010.

Lok Sabha TV and many channels NDTV and Aajtak is bringing this budget live to your Tv screen . And the analysis of the Finance Minister Budget will also be done right here.

The Economic Survey 2009-10 disclosed yesterday said that the economy could expand around 8.5 per cent in the next fiscal year beginning April 1, 2010, accelerating from an estimated 7.2 per cent expansion this present fiscal year.

You can watch the live telecast of this Indian Union Budget live from NDTV here. The full featured analysis of this budget will also be mentioned here and at those channels including the highlights of this year Budget.

So lets check out whether this year budget will be as per common man expectation or whether revenue generation will be the main motive. Bringing you live updates in few minutes.

Watch it live from Lok Sabha tv here. Thanx IXVU