· No new tax on edible oil imports
· Excise duty on petrol diven trucks cut
· No change in corporate tax
· 4% excise duty on cotton products restored
· Custom duty on silver, excluding jewellery, hiked by Rs 500/ kh to Rs 1,000/ kg
· Life saving devices on heart contidion exempted from custom duty
· Life saving drugs, including breast cancer, custom duty reduced to 5% from 10%
· Custom duty reduced on LCD panels from 10% to 5%
· 5% Custom duty on Set top boxes
· Anoymous donations - grant relief 5% of total income or Rs 1,00,000 whichever is higher
· Finance Act 2008 introduced CTT has been abolished
· Construction - restore full exemption on goods such as pre-fabricated slabs
· Branded jewellery exempted from excise duty
· Income tax exemption limit raised by Rs 10,000
· Income tax exemption limit for women raised by Rs 10,000
· Income tax exemption limit for senior citizens raised by Rs 15,000
· Surcharge on personal Income tax scrapped
· Individual law consultation not to attract service tax
· Tax holiday on commercial production of mineral oil and natural gas on NELP VIII
· FBT is scrapped
· To release new direct tax code in 45 days
· To introduce GST by April 1, 2010
· Federal Tax/ GDP ratio is 11.5%
· Fiscal deficit seen at 6.8% in FY10
· To eliminate tax distortion
· Non tax revenue receipts are likely to be better
· Enhance budgetary support by Rs 40,000 cr
· Budget estimates: Interest payment expected at Rs 2,25,511 cr
· Interest payment are a third of expenditure plan
· To spend Rs 1.42 lakh cr on defence
· Increasing automation in direct tax collection
· Aila hurricane relief at Rs 1,000 cr
· Plan expenditure up 34% to Rs 3.75 lakh cr
· Proposes Rs 500 cr for rehabilation of displaced persons of northern and eastern areas of Sri Lanka
· Allocation for new Aligarh Muslim Univ campuses in Bengal, Kerala at Rs 25 cr each
· Budget estimates: Rs 10,20,830 cr, Rs 6,95,600 cr non-planned and planned Rs 3,29,100 cr
· Plan outlay increased by 74%
· Allocation Commonwealth Games raised by more than 50% to Rs 3,472 crore
· Sensex down over 900 pts
· 50% of all rural women to be brought into self-help group programmes
· National Mission for Female Literacy to be launched
· Govt to build 100,000 homes for paramilitary forces
· National Mission for Female Literacy to be launched
· Allocation of Rs 2,113 cr for IIT
· Govt to spend Rs 120 cr in FY10 in unique ID
· Rashtriya Mahila Kosh corpus to be raised to Rs 500 crore
· Allocation for flagship Bharat Nirman progamme raised by 45%
· Paramilitary housing project to cost Rs 1,000 cr
· Certain Pension related benefits extended to war hounded
· Paramilitary housing cost estimated at Rs 1,000 cr
· Govt proposes to launch housing for 1 lakh para military forces
· Unique ID cards in 12-18 months
· 46 lakh BPL families to come under new health insurance plan
· NREGA has been and outstanding success
· Right to Information Act been successful
· To add handloom clusters in West Bengal and Tamil Nadu
· More than 46 lakh people received biometrics card
· National Web Portal for employer and employee to be launched
· Govt aims to have social security for informal sector
· Plan to cut felame illiteracy by half in three yrs
· Unorganised Social Security Bill passed by both houses of the Parliament
· To launch national mission on female literacy
· PM's Adarsh Gram Yojana starts with Rs 100 cr funding
· NHB refinance to rural housing sector to be raised
· Indira Awaas Yojana outlay increased by 63%
· Bharat Nirman outlay raised by 59%
· Food security to provide rice, wheat at Rs 3 a kg to poor
· Allocation for Indira Awaas Yojana to be increased by 63%
· 59% increase in allocation for Pradhanmantri Gram Sadak Yojna
· Govt to move food security bill very soon
· NREGA outlay increased by 144%
· NREGA min wages set at Rs 100/day
· Income-tax return forms to be made more user-friendly
· PSU companies to remaain under government control
· 8.5% growth in recent past fueled by pvt sector investment
· Govt wants public shareholding in PSUs to go up
· PSUs to remain under govt control
· PSU Banks, insurance firms outside disinvestment plan
· Turbulence in world markets left Indian financial sector unaffected
· Proposes people's participation in disinvestment programme
· IT Saral 2 form to be introduced
· Rs 1 lakh crore projects for Infrastructure revival
· Fiscal deficit up to 6.2% from 2.7% fo GDP
· Institutional reforms to cover subsidies, expenditure
· Govt to set-up expert committee to advise on petro pricing products
· Markets dip into red, Sensex down 900 pts
· To return to FRBM target at the earliest
· Special fund of Rs 4,000 cr from Rural Infra Dev fund to provide cheap loans to MSME
· To increase fertiliser usage - govt proposes to move from product pricing basis
· Return to FRBM target as soon as possible
· 30% rise in Rashtriya Krishi Vikash Yojana allocation over 2008-09
· Budget makes subvention of 1% to benefit farmers
· The market development assitance scheme allocation hiked by 148% to Rs 124 cr
· Exporters borne the brunt of eco crisis, will provide adj assistance till March 2010
· Proposes to extend deadline to farmers to pay off 75% of loans by six months to December 31, 2009
· Govt announces rebate for farmers paying loan on time, and lower rate of 6% proposed
· Loan for farmers Rs 3,00,000 at 7% per annum
· Agriculture records growth of 4% per annum in recent past
· The Assam gas cracker project estimated at Rs 5,160 cr
· JNNURM support raised by 87%
· Sensex up 140 pts to 15057
· IIFCL and banks in position to support Rs 1,00,000 cr in infrastructure
· Stepped up allocation of funds from Rs 10,800 cr to Rs 15,800 cr for railways
· Highway and railways - allocation hiked by 23%
· Govt have some success in attracting investments in certain sectors through PPP
· FIIs are back in the market, the worst two quarters are behind us
· Govt needs to provide further stimulus for the economy
· MAT hiked to 15% of book profit from 10%
· There are signs of revival in domestic industry
· For 1st time I held a meeting with state finance ministers to work together
· Gross capital flow rose to over 9% over GDP
· Infra investment to be over 9% of GDP by 2014
· Highlights of 2008-09: Sharp rise in inflation to nearly 13% and a equally sharp fall to 0%
· GDP dips from over 9% average in past three years to 6.7% in 2008-09
· Ensure 4% agriculture growth
· In Interim Budget I had given a detailed analysis of eco situation
· Budget an important mean to present the view of the government
· A single Budget Speech cannot solve all our problems.
· Aim: To reduce number of people living below poverty line to less than half of current level by 2014
· Pranab hails UPA win
· In Interim Budget I had stated that the new govt shd sustain 9% growth over a sustained basis
