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RAILWAY BUDGET
2010-11

Saturday, February 27, 2010, Chandigarh, India
Updated at 3:00 am (IST)

FM skirts populist steps
* Relief to I-T payers
* Cars, ACs, TVs, jewellery, computers costlier
 * Mere 4% rise in defence outlay
 * Govt starts stimulus rollback
New Delhi, February 26
Despite signs of an economic revival, Finance Minister Pranab Mukherjee today resisted the temptation to announce big ticket populist schemes in the 2010 Budget today. He did provide some cheer for the middle class in the form of major personal tax sops.


Instant Impact: Petrol, diesel dearer
WHATíS AHEAD
Sectorwise allocation
Editorial: Treading cautiously
BUDGET 2010-11

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Bonanza for salaried class
New Delhi, February 26
The Finance Minister today proposed major personal income tax sops by offering Rs 26,000 crore relief. However, the Budget proposals on indirect taxes place an additional burden of Rs 46,500 crore.

School education outlay up by Rs 4,200 cr
Rs 500 crore to subsidise higher education for poor
New Delhi, February 26
Committed to the implementation of Right to Education Act, the government today increased the allocation for school education and literacy by Rs 4236 crore over the last year.

First-ever Oppn walkout
FMís proposals dubbed as crushing blow to aam admi
New Delhi, February 26
A return to the pre-1990 scenario in the country, when almost the entire political spectrum from Left to Right barring a few exceptions stood united against the Congress, appears almost imminent.
UNITED THEY STAND: Opposition leaders, including Sushma Swaraj (BJP), Sharad Yadav (JDU), Mulayam Singh Yadav (SP), Lalu Prasad Yadav (RJD) and Gurdas Dasgupta (Left), raise slogans against the Budget in New Delhi UNITED THEY STAND: Opposition leaders, including Sushma Swaraj (BJP), Sharad Yadav (JDU), Mulayam Singh Yadav (SP), Lalu Prasad Yadav (RJD) and Gurdas Dasgupta (Left), raise slogans against the Budget in New Delhi on Friday.
ó PTI

OTHER PAGES

PUNJAB: Kamaljit alleges threat to life

HARYANA: Nursesí Council told to register degrees

J&KHit hard by price rise, poor indifferent to Budget

HIMACHAL: Mixed reactions to Budget proposals

CHANDIGARHMixed bag for city in Union Budget

LUDHIANA: Woman bludgeons husband to death

DELHIGodman, 6 girls held for prostitution

OPINIONSTreading cautiously

BUSINESS: GDP rate slips to 6 pc

NATION: Bihar MLA kills self after shooting wife, daughter

WORLD: Husain has accepted Qatarís citizenship: Son

SPORTS: Big boys take centrestage




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Pranab serves UPA, allies
New Delhi, February 26
In the union Budget for this year, UPA-II has managed to secure its own political interests as also the interests of its allies. Among the major announcements made by Finance Minister Pranab Mukherjee, most were meant to please the allies, including Trinamool Congress, DMK and National Conference.

Lionís share for infrastructure
New Delhi, February 26
Infrastructure development has received major attention from Finance Minister Pranab Mukherjee in his Union Budget for the financial year 2010-11 with a lion's share of Rs 1.73 lakh crore allocated to the sector from the total plan allocations.
(Details on Budget page)



9 Indians killed in Taliban attack
2 Army officers among victims
Kabul/New Delhi, February 26
Targeting Indians yet again, The Taliban today carried out coordinated suicide attacks at two hotels in Kabul, killing at least nine Indians, including two Major-rank Army officers, evoking sharp reactions from India. At least 10 others, including five Indian Army officers, were injured in the strike that killed eight others, including locals and nationals from other countries.

Nation page: PM condemns barbaric attacks in Afghanistan

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