Union Budget Highlights

Union Budget 2010 Highlights (Continued)

• Additional Rs 1,65,000 Crs for bank re-capitalisation
• Rs 3000 Crs for agricultural impetus
• Farm loan payments to be extended for six months
• Fertiliser subsidy to be reduced
• Rs 100 Cr woman farmer fund scheme
• Coal regulatory authority to be set up
• Clean energy fund to be established
• Interest subvention of 2% to be extended for handicrafts and SMEs
• Rs 200 Crs for Tamilnadu textile sector
• India faces a challenge of reverting to double digit growth
• Economy can achieve GDP growth of 10%
• Intrest subvention for housing loans up to 1 lacs
• Allocation to defence raised to Rs 1.47 lac Crs
• Defence capex raised to Rs 60000 Crs
• Hope to implement Direct Tax Code from April 2011
• GST to be implemented from 2011
• Divestment target of Rs 25,000 Crs
• Rs 1200 Crs assistance for drought in Bundelkhand
• Rs 48000 Crs for Bharat Nirman
• NREGA scheme allocation raised to Rs 41000 Crs
• Allocation to health Rs 22,300 Crs
• Allocation for school education up from Rs 26800 Crs to Rs 31036 Crs
• Allocation to power sector at Rs 5130 Crs
• Rs 10,000 Crs allocated for Indira Awaas Yojna
• Social Security Fund to have corpus of over Rs 1000 Crs
• Rs 2400 Crs for MSMEs
• Government to contribute Rs 1000 per month for pension security
• Rs 5400 Crs allocated for urban development
• Rs 66100 Crs allocated for rural development
• Rs 1900 Crs allocated for UID project
• Gross tax receipts Rs 7.46 lac Crs
• Govt to set up National Mission for delivery of justice
• 15% rise in planned expenditure
• Fiscal deficit target of 5.5% in FY11
• Excise on all non smoking tobacco raised
• Televisions to be costlier
• Mobile phones to become cheaper
• Cement to be costlier
• Refrigerators to be costlier
• Jewellery to be more expensive
• Monorail granted project import status
• CDs to be cheaper
• Excise duty on CFL halved to 4%
• Customs duty on Gold and Platinum hiked
• Service Tax rates unchanged
• More services to be brought under tax net

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