Union Budget Highlights - 2010-11
Saturday, February 27th, 2010- 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
- 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
Source - internet and news
Union Budget 2010-2011
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Source - indiabudget.nic.in