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"The Finance Minister (FM) had the daunting task of balancing the fiscal deficit. With the rising inflation and the global recession in the last year, the Common Man was certainly looking up to Budget 2010 and hoping for reasonable tax reliefs. This year the expectations were fairly low and therefore in all probability the FM have anyway scored with most people. The FM has opted for the middle of the road budget, neither harsh nor soft, neither populist nor radical reformer. Given the political and fiscal constraints the budget appears to be imaginatively crafted, blending realism with rhetoric and modest effort at resource mobilization."
 

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"BUDGET 2009 marks the fist leg of the second innings of UPA Government, which assumed office amidst great expectations of signaling a progressive way forward despite various challenges. Hon. Finance Minister presented the budget on the floor of the house clearly marking an end to the speculation
that in its second innings the new Government would be a radical reformer aimed to build on its successful electoral platform, the Budget is directed to please aam aadmi."



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Economy Survey 2007:2008

The economic survey presented before the Parliament on 28th February has identified important priorities such as achieving double digit growth through additional reforms controlling of inflation, coping with appreciating rupee throught fiscal policy measures & achieving better balance of payment by keeping the cureent account deficit in check.


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The dream run of Indian growth continues. With economy growing at over 9.2%, foreign exchange reserve of over $ 188 billion, booming IT-Industry,service sectors, rapidly growing domestic markets, buoyant stock markets, and Indian Companies buyingcompanies abroad, things have never looked better for India.


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The Indian Economy is in buoyant stage with a growth rate of 8.1% in 2005-06 accompanied with a strong growth rate in manufacturing and service sector, optimistic economic indicators, BSE Sensex crossing 10,000 level and strengthened Indo- U.S. relationship with the visit of U.S. President to India indicating a vibrant upcoming year.


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The Government's liberalization and economic reforms programme aims at rapid and substantial economic growth, and integration with the global economy in a harmonized
manner.




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SPECIAL ECONOMIC ZONE SCHEME (SEZ)Special Economic Zone (SEZ) Scheme was introducedunder the Export & Import policy by government of India w.e.f. 1-4-2000 with a view to provide an international competitive and hassle free environment for export.



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India has a free and vibrant press, an independent judiciary, a strong legal and accounting system and the use of English as the principal language of business and administration are some of the attractive features of the business environment.


IFRS/US GAAP

 

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Documentation can help testimony and jogmemories. Put policies in place to document how delegated work is supervised and how results and conclusions are communicated. Policies will vary for every company and may even be different within particular departments. An employee titles do notalways convey the actual level of supervisoryresponsibility a position entails.

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