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Saturday, March 17, 2012

Union Budget 2012-13: GOES UP Vs GOES DOWN

Finance Minister Pranab Mukherjee presented the Union Budget for 2012-13 on Friday.

Following are some of the key highlights of the Union Budget 2012-13, presented by Finance Minister Pranab Mukherjee in the Parliament on Friday.

Tax burden for individuals to come down: Income tax exemption limit raised from Rs 1,80,000 to Rs 2,00,000; 10 per cent tax for 2-5 lakh income; 20 per cent for 5-10 lakh and 30 per cent beyond Rs 10 lakh; Savings bank account interest up to Rs 10,000 exempted from tax.

Budget 2012-13 WHAT GOES UP
  • ACs
  • Gold jewellery
  • Refrigerator
  • Luxury cars
  • Air travel
  • Telephone bills
  • Sport Utility Vehicles
  • Cigarettes
  • Handrolled beedis
  • Platinum jewellery
  • Diamond jewellery
  • Emerald
  • Ruby
  • Branded retail garments
  • Eating out at restaurants
  • Hotel accommodation
  • Hiring a law firm

Budget 2012-13 WHAT GOES DOWN
  • Cinema and films
  • LCDs and LEDs
  • Imported bicycles
  • Housing society charges
  • LPG
  • Mobile phones
  • School education
  • Iron ore equipment
  • Medicines for treating cancer and HIV Processed food
  • Iodised salt
  • Match boxes
  • Soya products
  • Solar power lamps
  • LED bulbs
  • Natural gas
  • Uranium for generation of electricity

Friday, March 16, 2012

Union Finance Minister Pranab Mukherjee in his Union Budget 2012-13

Union Finance Minister Pranab Mukherjee arrives at Parliament House to present the Union Budget 2012-13 in New Delhi on March 16, 2012.

The Union Budget 2012-13 stated that full exemption from excise duty is currently available to hand-made matches while others attract the standard rate. It is proposed to reduce excise duty on matches manufactured by semi-mechanised units from 10 per cent to 6 per cent.

A large number of tax payers turn up for filing the IT returns in New Delhi. The IT exemption limit for salaried people has risen to Rs. 2 lakhs. From Rs. 2 lakhs to Rs. 5 lakhs it is 10 per cent. From Rs. 5 lakhs to Rs. 10 lakhs it is 20 per cent and above Rs. 10 lakhs it is 30 per cent.

The Right to Education (RTE) Act is being implemented with effect from April 1, 2010 through the Sarva Shiksha Abhiyan (SSA). For 2012-13, the Union Finance Minister Pranab Mukherjee, in his Union Budget 2012-13, provided Rs. 25,555 crore for RTE-SSA. This is an increase of 21.7 per cent over 2011-12.

National Urban Health Mission is being launched to emcompass the primary healthcare needs of people in the urban areas. The Pradhan Mantri Swasthya Suraksha Yojana (PMSSY) aimed at setting up of AIIMS-like institutions and upgradation of existing Government medical colleges is being expanded to cover upgradation of 7 more Government medical colleges. It will enhance the avaailability of affordable tertiary health care.

According to Union Finance Minister Pranab Mukherjee, agriculture will continue to be a priority for the Government. The total plan outlay for the Department of Agriculture and Cooperation is being increased by 18 per cent from Rs. 17,123 crores in 2011-12 to Rs. 20,2 08 crores in 2012-13. The outlay for Rashtriya Krishi Vikas Yojana (RKVY) is being increased from Rs. 7,680 crores in 2011-12 to Rs. 9,217 crores in 2012-13.

In his Union Budget 2012-13 speech the Union Finance Minister Pranab Mukherjee said his attention has been drawn to the plight of a few sectors that are highly labour-intensive and produce items of mass consumption. As a measure of support, he proposed to enhance basic customs duty on bicycles from 10 per cent to 30 per cent and on bicycle parts from 10 per cent to 20 per cent.

A provision of Rs. 1,93,407 crores has been made for Defence Services which include Rs. 79,579 crores for capital expenditure. As always, this allocation is based on present needs and any further requirement would be met. Government is making efforts to increase the availability of residential quarters to forces. In 2012-13, it is envisaged to construct nearly 4,000 residential quarters for Central Armed Police Forces for which Rs. 1,185 crore is allocated.

Along with water quality, poor sanitation is one of the factors contributing to malnourishment. He also proposed to increase the budgetary allocation for rural drinking water and sanitation from Rs. 11,000 crore in 2011-12 to Rs. 14,000 crorre in 2012-13. This is an increase of 27 per cent.

According to Union Budget 2012-13, for the Indian economy this was a challenging year. A number of global and domestic factors militated against the growth that had revived in the last two years. But India has thrived under challenges and India will do so now. The sovereign debt crisis in the Euro Zone intensified, political turmoil in Middle East injected widespread uncertainty, crude oil prices rose, an earthquake struck Japan and the overall gloom refused to lift.

Union Finance Minister in his Union Budget 2012-13 has increased the basic customs duty on standard gold bars; gold coins of purity exceeding 99.5 per cent and platinum from 2 per cent to 4 per cent and non-standard golds from 5 per cent to 10 per cent, In sync, basic duty on gold ore, concentrate and dore bars for refining is being enhanced from 1 per cent to 2 per cent. On the excise side, duty on refined gold is being increased in the same proportion from 1.5 per cent to 3 per cent.

In the Union Budget 2012-13, the Finance Minister Pranab Mukherjee said completely built units of large cars/MUVs/SUVs having engine capacity above a prescribed threshold and whose value exceeds $ 40,000 per vehicle are permitted for import without type approval. Basic customs duty on such vehicles is being enhanced from 60 per cent to 75 per cent ad valorem.

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Thursday, March 15, 2012

IIPM: A leader in Academic excellence

IIPM being a leader in Academic excellence is a part of this growth and is serving its better than the best MBA graduates to biggest names in India Inc. over the last 35years of its presence. Our students can be found in every function of an organization in Fortune 500 companies with no geographical boundaries. In addition IIPM now with its international placement offices has started to focus on international placements as we have seen our students after being employed for some years in national locations move out for prospects abroad and are working at senior levels in countries like Singapore, America, Australia, Dubai, London, Canada and the list is endless. In the current year the highest national package for an IIPM student was Rs. 12 lacs and seven students were selected. Our national recruiters are leaders in their industries like Consulting; Price Waterhouse Coopers, Deloitte Consulting…, Banking; Citibank, ICICI Bank, HSBC, Standard Chartered, HDFC, ABN Amro, Kotak Bank, American Express…, Financial and Research services; Evalue serve.com,Copal Partners, WNS Global, Pipal Research, IMRB, Karvy Consultants, Prudential ICICI, G.E Money, Citifinancials…, Consumer products; Eveready Industries, Asian paints, HLN, Berger paints, LG, Bluestar ... , Insurance; ICICI Prudential, Bajaj Allianz, Met Life, Tata AIG, Aviva Life, Birla Sunlife… , Information Technology and services ; Oracle Corporation, HP, IBM, Intel, HCL, Hutchison… And many more industry leaders like Yamaha Motors, Essar Group, DLF universal, Shaw Wallace, Sahara India, Reliance Communications, Anand rathi, NEI, Bharat Shell, Malwa Group…

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Saturday, March 03, 2012

A Planman Group and Arindam Chaudhuri initiative, "Star Realty 2011-12 - Lords Of The Land

IIPM: What is E-PAT?

A Planman Group initiative, "Star Realty 2011-12 - Lords Of The Land", which claims to be India's first-ever Real Estate Bible, was recently unveiled in the capital by the union minister of urban development, Kamal Nath and Arindam Chaudhuri, editor-in-chief, Planman Media.

The book conferred the title of "Star Realty" to the top 50 real estate brands in the country, which were selected based on a survey conducted across 10 cities in the country - including thousands of respondents by the Indian Council for Market Research (ICMR). The evening witnessed leading real estate companies and their extraordinary leadership being honoured for their great contribution to shaping the landscape of the country.

""Star Realty 2011-12 - Lords Of The Land" is a brilliant initiative and I would like to congratulate the Planman Group and Arindam Chaudhuri,"Nath said after the unveiling. Gracing the event were the top honchos of the real estate fraternity, including the likes of Harshvardhan Neotia, Pranav Ansal, Anil Kumar Sharma, Navin Ansal, Raseel Gujral Ansal, Shabnam Singhal, Vidya Basarkod, etc.

"It's a great day for the Indian real estate sector," stated Arindam Chaudhuri and urged the sector to bolster housing for the lower and middle-class. The book highlights the growth prospects and drivers for the sector through a comprehensive industry review and analysis, and features the maestros of modern Indian architecture in a never-before-seen avatar.

ABOUT PLANMAN GROUP: With a vision to offer world-class solutions and support diverse business models and entities, the Planman Group strives to deliver significant advantages and value to its clients and partners through innovative services and flexible solutions. Planman’s team of specialists have honed their expertise in diverse fields, such as Management Education, Market Research, Public Relations, Advertising & Branding, HR Consulting & Advisory, Training & Development, Search and Selection, Outsourcing, etc. The Planman workforce works aggressively on innovation, dynamism, knowledge enhancement and customer centricity.

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