Monday, March 1, 2010

budget 2010

to know full details about indian budget 2010 submitted by finance minister Mr. Pranab mukarjee in the parliament. THE UNION Budget 2010 –11 was presented by Mr Pranab Mukherjee in the Parliament. Some people took a sigh of relief but for most it was a nightmare. The prices of petrol and diesel were hiked which in turn will cause raise in the prices of all commodities. The entire Opposition is against this Union Budget and they walked out of the parliament to protest against the same.

The UPA government has totally neglected the needs of a common man in the present budjet. The only consideration being revenue, the excice and custom duty on crude oil and the petrolium products have been raised, which will give a business of Rs 26,100 crore in the coming year. This means that the prices of all essential commodities will in turn increase and and the middle class will pay for it. Finance ministry has speculated that the inflation rate may increase by 0.4%.

The prices of big cars, gold, silver, platinum, AC, fertilizers, petrol and diesel have been increased.Toys are fully exempted from central excise duty. Indian Banking Association is to give additional licences to private players. union budget 2010, crushing the common man

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