Budget Highligts 2009

1.No new tax on edible oil imports
2.Excise duty on petrol diven trucks cut
3.No change in corporate tax
4% excise duty on cotton products restored
5.Custom duty on silver, excluding jewellery, hiked by Rs 500/ kh to Rs 1,000/ kg
6.Life saving devices on heart contidion exempted from custom duty
7.Life saving drugs, including breast cancer, custom duty reduced to 5% from 10%
8.Custom duty reduced on LCD panels from 10% to 5%
9.5% Custom duty on Set top boxes
10.Anoymous donations - grant relief 5% of total income or Rs 1,00,000 whichever is higher
11.Finance Act 2008 introduced CTT has been abolished
12.Construction - restore full exemption on goods such as pre-fabricated slabs
13.Branded jewellery exempted from excise duty
14.Income tax exemption limit raised by Rs 10,000
15.Income tax exemption limit for women raised by Rs 10,000
16.Income tax exemption limit for senior citizens raised by Rs 15,000
17.Surcharge on personal Income tax scrapped
18.Individual law consultation not to attract service tax
19.Tax holiday on commercial production of mineral oil and natural gas on NELP VIII
20.FBT is scrapped
21.To release new direct tax code in 45 days
22.To introduce GST by April 1, 2010
23.Federal Tax/ GDP ratio is 11.5%
24.Fiscal deficit seen at 6.8% in FY10
25.To eliminate tax distortion
26.Non tax revenue receipts are likely to be better
27.Enhance budgetary support by Rs 40,000 cr
28.Budget estimates: Interest payment expected at Rs 2,25,511 cr
29.Interest payment are a third of expenditure plan
30.To spend Rs 1.42 lakh cr on defence
31.Increasing automation in direct tax collection
32.Aila hurricane relief at Rs 1,000 cr
33.Plan expenditure up 34% to Rs 3.75 lakh cr
34.Proposes Rs 500 cr for rehabilation of displaced persons of northern and eastern areas of 35.Sri Lanka
36.Allocation for new Aligarh Muslim Univ campuses in Bengal, Kerala at Rs 25 cr each
37.Budget estimates: Rs 10,20,830 cr, Rs 6,95,600 cr non-planned and planned Rs 3,29,100 cr
38.Plan outlay increased by 74%
39.Allocation Commonwealth Games raised by more than 50% to Rs 3,472 crore
40.Sensex down over 900 pts
41.50% of all rural women to be brought into self-help group programmes
42.National Mission for Female Literacy to be launched
43.Govt to build 100,000 homes for paramilitary forces
44.National Mission for Female Literacy to be launched
45.Allocation of Rs 2,113 cr for IIT
46.Govt to spend Rs 120 cr in FY10 in unique ID
47.Rashtriya Mahila Kosh corpus to be raised to Rs 500 crore
48.Allocation for flagship Bharat Nirman progamme raised by 45%
49.Paramilitary housing project to cost Rs 1,000 cr
50.Certain Pension related benefits extended to war hounded
51.Paramilitary housing cost estimated at Rs 1,000 cr
52.Govt proposes to launch housing for 1 lakh para military forces
53.Unique ID cards in 12-18 months
54.46 lakh BPL families to come under new health insurance plan
55.NREGA has been and outstanding success
56.Right to Information Act been successful
57.To add handloom clusters in West Bengal and Tamil Nadu
58.More than 46 lakh people received biometrics card
59.National Web Portal for employer and employee to be launched
60.Govt aims to have social security for informal sector
61.Plan to cut felame illiteracy by half in three yrs
62.Unorganised Social Security Bill passed by both houses of the Parliament
63.To launch national mission on female literacy
64.PM's Adarsh Gram Yojana starts with Rs 100 cr funding
65.NHB refinance to rural housing sector to be raised
66.Indira Awaas Yojana outlay increased by 63%
67.Bharat Nirman outlay raised by 59%
68.Food security to provide rice, wheat at Rs 3 a kg to poor
69.Allocation for Indira Awaas Yojana to be increased by 63%
70.% increase in allocation for Pradhanmantri Gram Sadak Yojna
71.Govt to move food security bill very soon
72.NREGA outlay increased by 144%
73.NREGA min wages set at Rs 100/day
74.Income-tax return forms to be made more user-friendly
75.PSU companies to remaain under government control
76.8.5% growth in recent past fueled by pvt sector investment
77.Govt wants public shareholding in PSUs to go up
78.PSUs to remain under govt control
79.PSU Banks, insurance firms outside disinvestment plan
80.Turbulence in world markets left Indian financial sector unaffected
81.Proposes people's participation in disinvestment programme
82.IT Saral 2 form to be introduced
83.Rs 1 lakh crore projects for Infrastructure revival
84.Fiscal deficit up to 6.2% from 2.7% fo GDP
85.Institutional reforms to cover subsidies, expenditure
86.Govt to set-up expert committee to advise on petro pricing products
87.Markets dip into red, Sensex down 900 pts
88.To return to FRBM target at the earliest
89.Special fund of Rs 4,000 cr from Rural Infra Dev fund to provide cheap loans to MSME
90.To increase fertiliser usage - govt proposes to move from product pricing basis
91.Return to FRBM target as soon as possible
92.30% rise in Rashtriya Krishi Vikash Yojana allocation over 2008-09
93.Budget makes subvention of 1% to benefit farmers
94.The market development assitance scheme allocation hiked by 148% to Rs 124 cr
95.Exporters borne the brunt of eco crisis, will provide adj assistance till March 2010
96.Proposes to extend deadline to farmers to pay off 75% of loans by six months to December 97.31, 2009
98.Govt announces rebate for farmers paying loan on time, and lower rate of 6% proposed
99.Loan for farmers Rs 3,00,000 at 7% per annum
100.Agriculture records growth of 4% per annum in recent past
101.The Assam gas cracker project estimated at Rs 5,160 cr
102.JNNURM support raised by 87%
103.Sensex up 140 pts to 15057
104.IIFCL and banks in position to support Rs 1,00,000 cr in infrastructure
105.Stepped up allocation of funds from Rs 10,800 cr to Rs 15,800 cr for railways
106.Highway and railways - allocation hiked by 23%
107.Govt have some success in attracting investments in certain sectors through PPP
108.FIIs are back in the market, the worst two quarters are behind us
109.Govt needs to provide further stimulus for the economy
110.MAT hiked to 15% of book profit from 10%
111.There are signs of revival in domestic industry
112.For 1st time I held a meeting with state finance ministers to work together
113Gross capital flow rose to over 9% over GDP
114.Infra investment to be over 9% of GDP by 2014
115.Highlights of 2008-09: Sharp rise in inflation to nearly 13% and a equally sharp fall to 0%
116.GDP dips from over 9% average in past three years to 6.7% in 2008-09
117.Ensure 4% agriculture growth
118.In Interim Budget I had given a detailed analysis of eco situation
119.Budget an important mean to present the view of the government
120.A single Budget Speech cannot solve all our problems.
121.Aim: To reduce number of people living below poverty line to less than half of current level by 2014
122.Pranab hails UPA win
123.In Interim Budget I had stated that the new govt shd sustain 9% growth over a sustained basis