The budget presented by the hon’ble Finance Minister Mr. Pranab Mukherjee on 26th February 2010 can be considered as “ people friendly “ because he has given relief to individual taxpayers by widening the personal income tax slab as shown below:
Income For males below 65 years For females below 65 years Old New Old New Up to Rs. 1,60,000 Nil Nil Nil Nil Rs. 1,60,000 to Rs. 1,90,000 10% 10% Nil Nil For both male and female Old New Rs.1,90,000 to 3,00,000 10% 10% Rs. 3,00,000 to Rs. 5,00,000 20% 10% Rs.5,00,000 to Rs. 8,00,000 30% 20% Above Rs. 8,00,000 30% 30%
Hosur, Krishnagiri (TN): Bordering Hosur town in Krishnagiri district of Tamil Nadu are some Muslim-dominated hamlets that present a typical scene of poverty, malnourishment, illiteracy and unemployment. Men crush stones nearby while young boys migrate to other cities for jobs. Young girls commute to Hosur town for daily wage jobs – some are lured with gifts while some others are physically assaulted by non-Muslim youths on and off.
Hosur, a town and a municipality in Krishnagiri district in the state of Tamil Nadu, has population of 84,314 (2001 Census). Tamil is the official language and is spoken by the majority of the people. Telugu and Kannada are also spoken in Hosur due to its proximity to the borders of states of Andhra Pradesh and Karnataka.
With a direct employment of 2, 50, 000 (with 27% of them being Women), turnover of Rs 15,200 Crores and an export earnings of Rs 1500 Crore, leather and leather goods industry is a significant driver of economic growth. Footwear is the major segment of the leather goods market and constitutes about 1400 Crores. The industry is labour intensive and is concentrated in the small and cottage industry sectors. The country produces over two billion pairs of different categories of footwear and nearly 95 percent of its production goes to meet its own domestic demand. The major production centers of leather and leather products are located at Chennai, Ambur, Ranipet, Vaniyambadi, Trichy, Tamil Nadu, with Tamil Nadu is the biggest leather exporter (40%) of the country and its share in India’s output on leather products is 70%.
Leather industry and union budget 2010-11
By Shafee Ahmed Ko, 