Education cess hike to yield Rs 5,300 cr: FM

Saturday, March 17, 2007, 23:03 [IST]

New Delhi, Feb 28 (UNI) The hike in education cess from two per cent to three per cent would yield an additional revenue of about Rs 5,300 crore, Finance Minister P Chidambaram said today.

The government would collect an education cess of Rs 10,671 crore during the current fiscal and the one per cent hike in the Budget proposal would result in 50 per cent higher collections, he said at the post-Budget press conference.

UNI

Topics: BUDGET-CHIDAMBARAM-CESS

Other articles published on March 17, 2007

Stock markets don't have to worry on Budget: Chidambaram

Saturday, March 17, 2007,23:03 [IST]

New Delhi, Feb 28 (UNI) Finance Minister P Chidambaram today said the capital markets need not have any apprehensions over the Budget proposals on minimum alternate tax (MAT), fringe benefit tax (FBT) and dividend distribution tax (DDT) even as the sensex fell 540 points (4.01 per cent) to close at 12,398, lowest since October 27, 2006. While MAT was not an additional liability as it was only an advance tax, esop would be treated as a fringe benefit only if the.....

Indo-US JWG on counter-terrorism decides to enhance cooperation

Saturday, March 17, 2007,23:03 [IST]

New Delhi, Feb 28 (UNI) India and the United States today agreed to find new ways to forge institutional linkages for closer cooperation against global terrorism and held discussions on bio-terrorism and threat assessments in South Asia and West Asia. The Indo-US Joint Working Group (JWG) on Counter-Terrorism which mere here for day-long deliberations, also discussed regional counter-terrorism efforts, Weapons of Mass Destruction (WMDs) and the on-going Anti-Terrorism Assistance Training Programme. They also discussed terrorist financing and money laundering, ideological.....

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Aam Aadmi is all over Budget: Chidambaram

Saturday, March 17, 2007,23:03 [IST]

New Delhi, Feb 28 (UNI) 'Aam Aadmi,' the Congress party's mascot, is writ all over Budget 2007-08, according to Finance Minister P Chidambaram. The one lakh means-cum-merit scholarship, employment for one lakh physically challenged people a year, grant for ground water re-charge for seven million dug wells and social security for 10 million rural landless households were all meant to benefit the 'aam aadmi,' Mr Chidambaram said today. The Finance Minister made the observation at his post-Budget press conference in reply.....

Duty cut on petrol, diesel to reduce under recoveries

Saturday, March 17, 2007,23:03 [IST]

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Nothing for the media in the Budget: Ronnie Screwvala

Saturday, March 17, 2007,23:03 [IST]

New Delhi, Feb 28 (UNI) While welcoming the Union Budget, presented by Finance Minister P Chidambaram in the Lok Sabha today, as one with "a long-term perspective", UTV's Ronnie Screwvala today bemoaned the fact that there was nothing in the budget for the media. ''Specifically for the media there is nothing, though, we were looking for some parity between the print and electronic media. Also the introduction of service tax for content related to advertising agencies and telecom needs to.....