surf india

Union Budget Highlights

Highlights Live Speech Budget Glossary

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