FYOQ News

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• Kemar Rooch claimed first Hattrick of ICC world cup cricket 2011- Watch the video
• Budget highlights 2011-12 India – Check key points of Finance minister budget
• England vs Ireland live score – Watch Eng vs Ire 2011 live streaming match
• Union Budget highlights 2011-2012 – Tax exemption limit raised to 1.8 Lakhs

Kemar Rooch claimed first Hattrick of ICC world cup cricket 2011- Watch the video Posted: 28 Feb 2011 07:50 AM PST West Indies today defeated Netherlands with a hug difference of runs and they ended it in a style with Kemar Rooch claiming the first hattrick of ICC world Cup 2011. West Indies initially made 330 for 8 (Gayle 80, Pollard 60, Seelaar 3-45) and beat Netherlands which scored 115 (Cooper 55* Roach 6-27) and defeated Netherlands by 215 runs. Kemar Rooch at the end of West Indies Netherlands match claimed successively three wicket and got the victory for West Indian team by a whooping margin of more than 200 runs. Watch the Hattrick video of Kemar Rooch here. See the bowling action with which he claimed a rare feat in his career which brought the unachievable credit to him as well as his country. Coming in few moments

Budget highlights 2011-12 India – Check key points of Finance minister budget Posted: 28 Feb 2011 03:43 AM PST So here we have the key points of this year’s budget presented by Finance minister of India Mr. Pranab Mukherjee. It was indeed a common people’s budget for India. SO here we go. These are the key highlights brought to you by Government portal of India to you. have a look what we have this year for common people, poor people, business people,, corporate guys and others. Budget allocation – Budget allocation for Defence sector at more than 1.64 trln rupees, Allocation of Rs.52057cr for education sector, increase of 24% and Health sector outlay at Rs.26760cr, increase of 20%. A new revised income tax return form ‘Sugam’ to be introduced for small tax papers Net revenue loss on account of taxes and duties will be Rs.200 crore Service tax to result in a revenue gain of Rs.4,000 crore No excise duty on equipment for UMPPs Export duty on iron ore pellets withdrawn 20% ad valorem export duty on iron ore To replace excise with ad valorem duties for cement Ship-owners allowed duty-free spare parts import Government intends to spend Rs.2.14 lakh crore as budgetary support for the infrastructure sector in 2011-12 Propose to raise service tax on air travel Excise and customs duty proposals to result in the net gain of Rs.7,300 crore Export duty rates on iron ore unified and kept at 20 per cent ad valorem Basic customs duty on agricultural machinery reduced to 4.5 per cent from 5 per cent Basic customs duty on raw silk reduced from 30 to 5 per cent. Nominal one per cent central excise duty on 130 items entering the tax net; Basic food and fuel and precious stones, gold and silver jewellery will be exempted: FM Import duty on gypsum and coal from 5% to 2.5% Solar lanterns customs duty reduced Mobiles, homeopathic medicines, steel, LED, Diapers — cheaper LED lights to get cheaper Hybrid, electrical vehicles to get cheaper No new tax exemption limit for women Direct tax sops to result in Rs.11,500 cr net revenue loss Investment-linked deductions for fertilisers and developers of affordable housing Low withholding tax of 5% for notified infra funds No new tax exemption limit for women Direct tax sops to result in Rs.11,500 cr net revenue loss Investment-linked deductions for fertilisers and developers of affordable housing Low withholding tax of 5% for notified infra funds Foreign dividend tax rate cut to 15% for Indian companies Total plan expenditure will go up 100% in nominal terms in the next year Service tax unchanged at 10% Extension of investment on long-term infrastructure bonds by one more year Minimum alternate tax raised from 18% to 18.5% of book profits Rs.20,000 exemption for investment in infra debt funds for another year Maintain standard rate of excise duty at 10 pct Threshold income tax limit raised from Rs.1.6 lakh to 1.8 lakh Financial Sector Legislative Reforms Commission, to be headed by former Supreme Court judge B Srikrishna, to complete its work in 24 months. Propose to levy MAT on developers of SEZs New category for 80 yrs and above, limit is Rs.5 lakh MAT increased to 18.5 % In FY12 gross tax receipts at Rs.9.32 lakh crore: FM Relaxation in exit age for National Pension scheme Anganwadi workers’ salary up from Rs.1500 to Rs.3,000/mnth; helpers to get Rs.1500 State innovations council to be set up Scholarship for needy SC/ST students in class 9 and class 10 Rs.54 cr each to AMU Centres Expect 10 lakh numbers to be generated per day from 1st Oct 2011 under UID Propose 300 crore to modernise stamp and registration in states Rs.9 lakh compensation to be given to men of Defence and Central paramilitary forces for permanent disability and discharged from service Budget allocation of Rs.150 cr for Jammu for implementation of projects identified by taskforce Rs.8000 cr assigned for J&K for development projects Funds of Rs.25 cr and 30 cr for Naxal affected areas Some 20 lakh Adhaar numbers given To speed up justice, propose a fund of RS 1000 crore to build judicial infrastructure and develop project ethos Rs.58000 cr allocation for Bharat Nirman schemes Increased outlay on social sector outlay 10 existing double taxation avoidance treaties revised 5-fold strategy on black money 15 mega food parks to be set up Jodhpur to be included for handicraft sector development Delhi metro phase 3 to be taken up Mortgage risk guarantee fund to be created for economically weaker sections Financial assistance to ongoing metro projects Rs.3000 cr to NABARD for more credit flow Increase in target credit flow to farmers States must review APMC Act Banks have been asked to increase lending to farmers 40 lakh tonne storage capacity by FY12 Infrastructure status to cold storage chains 24 new cold storage projects sanctioned Private investment in agro processing to be increased Discussions on to further liberalise FDI policy 1% interest subvention for home loans up to Rs.15 lakh 100 cr equity funds for micro finance companies Housing loan limit raised to 25 lakh for priority sector lending Bill to allow RBI to grant more banking licenses FII investment in corporate bonds hiked to 40 bn USD RBI guidelines for banking licenses by year-end Propose to form Women self help group development fund Economic growth rate expected at 8.75% to 9.25% in FY12 Government to introduce GST bill amendments in this session Union Finance Minister aims for fiscal deficit of 3% by Financial Year 2014 Will move to direct tax subsidy for fertiliser and kerosene Considering new fertilizer policy for urea Industrial growth seen at 8.1 percent, agriculture at 5.4 percent Financial Year 2012 disinvestment target is Rs.40,000 crore Direct transfer of kerosene, LPG subsidy to BPL people Showing the road to a simpler future Food inflation down, but still a matter of concern Rollout of DTC to be effective from April 1, 2002 Finance Minister expects current account deficit to come down next year Shri Pranab Mukherjee expects RBI measures to moderate inflation Union Finance Minister Shri Pranab Mukherjee begins Budget speech in Parliament Source – http://india.gov.in/events/budget2011.php

England vs Ireland live score – Watch Eng vs Ire 2011 live streaming match Posted: 28 Feb 2011 03:22 AM PST After the one of the best matches ever played in history of cricket, in the match of India vs England that was played yesterday, one of this team will play next match against Ireland tomorrow. Its England which will take on Ireland team tomorrow at stadium at Bangalore tomorrow. After the best performance by Strauss, it will be now very exciting to check England’s strategy in next match tomorrow. England will play his 3rd match tomorrow while Ireland will be on his second match in this ICC world cup cricket 2011. In last match Bangladesh defeated Team Ireland. The match between Eng vs Ire 2011 live streaming will be done at official website of ESPNSTAR.com. The match is day and night match and will begin tomorrow at 1430 hours which is Indian Local time.

Union Budget highlights 2011-2012 – Tax exemption limit raised to 1.8 Lakhs Posted: 27 Feb 2011 11:15 PM PST Here are some of the Key features and highlights of Union Budget 2011-2012 of India which is at presently given by Finance Minister of India Mr. Pranab Mukherjee. Tax exemption limit has been raised to 1.8 Lakhs Rupess from 1.6 Lakhs. Age for senior citizens qualification is reduced to 60 years. For senior citizens 2,5 Lakhs tax exemption limit. Excise duty to be applied on 130 new items . Air flight to other countries -increased service tax. Task force will be made to deal with Black money. service tax remained at 10%. Air conditioners to become cheaper Computerisation of commercial tax collection is helping taxpayers everywhere Fiscal deficit for FY12 at 4.6%, Branded clothes 10% costlier.

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