Highlights of 2010-11 budget presented by Finance Minister Pranab Mukherjee in parliament Friday:
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 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
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
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
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
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