TRIUMPH IAS ACADEMY MUMBAI

Government hopes to implement direct tax code from April 2011. Earnest endeavour to implement general sales tax in April 2011. Government will raise Rs25,000 crore from divestment of its stake in state-owned firms. Kirit Parekh report on fuel price deregulation will be taken up by petroleum minister Murli Deora in due course. Nutrient-based fertiliser subsidy scheme to come into force from April 1 this year. Nutrient-based fertiliser subsidy will reduce volatility of subsidy and also reduce it. Market capitalisation of five public-sector undertakings listed since October increased by 3.5 times. FDI inflows steady during the year. Government has taken series of steps to simplify FDI regime. Intends to make FDI policy user friendly by compling all guidelines into one document. Government has decided to set up apex-level Financial Stability and Development Council. RBI considering issuing banking licences to private companies. Non-banking finance companies will also be conside...

 Following are the highlights of the Railway Budget 2011-12 presented by Railway Minister Mamata Banerjee in Parliament today. * No hike in passenger fare and freight rates. * Highest ever Plan outlay of Rs 57,630 crore proposed for Railways. * Rs 9,583 crore provided for new lines. * 1300 km new lines, 867 km doubling of lines and 1017 km gauge conversion targeted in 2011-12. * 56 new Express Trains, 3 new Shatabdis and 9 Duronto trains to be introduced. * AC Double Decker services on Jaipur-Delhi and Ahmedabad-Mumbai routes. * New Super AC Class to be introduced. * A new portal for e-ticketing to be launched shortly. *The Budget for 2011-12 increased senior citizen concession for men to 40% from 30%. Women will get the senior citizen discount from 58 years, instead of 60 years.