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Highlights of General Budget 2009-10
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#1
New Delhi, July 6 (ANI): Union Finance Minister Pranab Minister on Monday presented the General Budget 2009-10 in the Parliament.

The highlights of the General Budget 2009-10 are as follows:

1. Growth rate in 2008-09 dipped to 6.7 per cent from average nine per cent growth in previous three fiscal years.

3. Fiscal deficit grew from 2.7 per cent to 6.8 per cent of GDP

4. Total fiscal stimulus during 2008-09 amounts to Rs 1,86,000 crore.

5. in goods and services doubled to 47 per cent in 2008-09

6. Indian Infrastructure Finance Company Limited will re-finance commercial bank loans upto 60 per cent in critical projects through public private partnership to the tune of Rs 1,00,000 crore to raise investment in the sector.

7. More funds allocated to help Mumbai fight floods during rains.

8. Allocations for highways being stepped up by 23 per cent.

9. Allocation for urban poor for provision for housing and basic amenities to be raised to Rs 3,973 crore in the current year.

10. Allocation for Jawaharlal Nehru Urban Renewal Mission increased by 87 per cent to Rs 12,887 crore.

11. Central assistance for storm-water drainage project increased to Rs 500 crore from Rs 200 crore in the interim budget

12. Print media stimulus package extended by six months

13.Target for agriculture credit raised to Rs 3,25,000 cr in 2009-10

14.An expert panel will look into petroleum product pricing

15.Domestic oil prices must be in sync with global prices

16.Fertiliser subsidy to go directly to farmers

17.Export Credit Guarantee scheme extended till March 2010

18. Storm-water drainage project fund hiked to Rs 500 cr

19. Blueprint for national gas grid

20. Additional budget allocation to farmers.

21. Work on National Food Security scheme for subsidised food

22. Rs 100 cr one-time grant to expand banks in unbanking areas

23. Indira Awaas Yojna hiked by 63 per cent to Rs 8,883 cr

24. Allocation for Prime Minister Gram Sadak Yojna up by 59 per cent

25. Rs 39,100 crore allocation for NREGA

26. Rural mega clusters in Bengal and Rajasthan

27. Interest subsidy on education loans (ANI)

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#2
Highlights of General Budget 2009-10 (Part II)

New Delhi, July 6 (ANI): Union Finance Minister Pranab Minister on Monday presented the General Budget 2009-10 in the Parliament.

Other highlights of General Budget 2009-10 are as follows:

1. Total budget expenditure for 2009-10 will Rs 10,28,032 cr

2. Modernisation of national employment exchanges

3. 50 per cent of rural women in self-help groups

4. Higher public investment in infrastructure

5. Defence outlay has gone up

6. Rs 1,000 cr for Aila rehabilitation programme

7. Rs 25 cr each for AMU campuses in Murshidabad and Mallapuram

8. Rs 2,113 cr for IITs and NITs

9. Pension of non-commissioned officers to be hiked

10. Commonwealth allocation hiked to Rs 16,300 cr

11. Allocation of Rs 50 cr to Chandigarh University

12. Government to hike allocation to National Ganga Project to Rs 562 cr

13. One rank, one pension for ex-servicemen from

14. Allowances to para-military forces at par with defence forces

15. Unique Identification ID project to tap private talent

16. National action plan on climate change

17. Full interest subsidy for students in approved institutions

18. Goods and Services Tax to be introduced from April 1, 2010

19. Govt committed to tax reforms

20. New tax code to be set up in 45 days

21. Eliminate surcharge on personal Income tax by ten per cent

22. Hike in IT exemption for women to Rs 1,90,000 and to Rs 2,40,000 for senior citizens

23. Anonymous funds to charitable bodies to get some tax relief

24. Commodities Transaction Tax to be scrapped

25. Small businesses exempt from advance tax

26. Custom duty on LCD panels halved

27. Branded jewellery, mobile phone accessories and drugs for heart diseases to become cheaper

28. Customs duty on bio-diesel reduced

29. Tax holiday extended for textile units

30. Customs duty on gold and silver import increased (ANI)

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