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The Union Minister of Railways Shri Lalu Prasad giving finishing touches to the Railway Budget, 2004 - 2005 in New Delhi on July 5, 2004. Lalu Prasad Yadav, who remained Railways Minister from 2004 to May 2009, presented the railway budget 6 times in a row. In 2009, under his tenure a ₹ 108 billion (US$1.2 billion) budget was passed. [10]
Increase of personal income tax exemption limit from ₹ 2.25 lakh to ₹ 2.40 lakh for senior citizens, from ₹ 1.80 lakh to ₹ 1.90 lakh for women tax payers and from ₹ 1.50 lakh to ₹ 1.60 lakh for all other categories of individual taxpayers. Increase of the deduction under section 80-DD to ₹ 1 lakh from ₹ 75,000.
The Fiscal Responsibility and Budget Management Bill (FRBM Bill) was introduced in India by the then Finance Minister of India, Yashwant Sinha [1] in December 2000. Firstly, the bill highlighted the terrible state of government finances in India both at the Union and the state levels under the statement of objects and reasons. [2]
All aboard! It was announced on January 28 that California, Florida, Illinois, Wisconsin, North Carolina and Washington have been given the green light to start construction on high-speed railways ...
The United States combined many stimulus measures into the American Recovery and Reinvestment Act of 2009, a $787 billion bill covering a variety of expenditures from rebates on taxes to business investment. $184.9 billion was to be spent in 2009, and $399.4 billion was to be spent in 2010 with the remainder of the bill's appropriations spread ...
Decreased tax revenue and high spending resulted in an unusually large budget deficit of about $1.4 trillion, well above the $407 billion projected in the FY 2009 budget. [10] A 2009 CBO report indicated that $245 billion, about half of the excess spending, was a result of the 2008 TARP bailouts. Spending increases and tax credits resulting ...
The rate for urea was hiked by 10%, coal by 6.3%, iron ore and steel by 0.8%, cement by 2.7%, and grains and pulses by 10%. However, the rates for limestone, dolomite and manganese ore was reduced by 0.3%, and diesel oil by 1%. [13] Satellite stations will be built around 10 major stations to reduce congestion and serve the suburbs.
The House of Representatives version of the bill includes $410 billion in spending. [2] This includes a 21 percent increase to a program that feeds infants and poor women, an 8 percent increase to the Section 8 voucher program, a 13 percent increase to the Agriculture Department, a 10 percent increase in Amtrak subsidies, a 10 percent increase in Congress's budget, a 12 percent increase in the ...