Budget 2010 Price Rise: Goods Whose Prices Will Rise
The prices of diesel, petrol, cars, cigarettes, tobacco, gold, silver and air conditioner will rise according to budget 2010-11. The government today announced hike in excise duty as part of a partial roll back of stimulus measures announced for reviving the economy.
On the other hand, mobile accessories, medical equipment energy efficient CFL lamps, set top boxes, compact disc, toys and books will be cheaper on account of some tax concessions offered on these items by Finance Minister Pranab Mukherjee in the Union Budget for 2010-11.
“Symptoms of economic recovery are widespread and more clear now,” he said.
Before announcing the tax measures, Mukherjee substantially cut income tax rates along with other direct tax concessions that would result in a net loss of Rs 26,000 crore to the exchequer. See Budget 2010-2011 budget highlights
Related posts:
- Income Tax Budget 2010, Income Tax Slabs Budget 2010
- Opposition React Badly to Budget 2010, Opposition Walks Out
- Budget 2010-2011 Snapshot, Pranab Mukherjee 2010-11 Budget proposal
- Direct Tax Code to Replace Income Tax Act in April 2011
- Railways Budget: Railway Fare Not To Increase
- India will ask for Extradition of Warren Anderson
- FIFA World Cup 2010 Ticket Prices
- Groupon IPO-Date, Price, News, Filing
- No PAN, Then Pay More Tax
- Unemployment and poverty in the US rise
Tags:
Posted by Starwin on 26th February, 2010
Comments
i think the budget is very good..apart from the price rise of goods like tobacco in budget 2010 -2011, most goods are cheaper in budget 2010-11