Union Budget 2009: Budget Highlights
7/6/2009
Finance Minister Pranab Mukherjee has presented Budget 2009-10 in Parliament.
Beginning his Budget speech, Pranab first thanked the voters for reposing faith in the UPA government.
Here are the Budget highlights even as it’s presented in Parliament:
1. Total budget expenditure for 2009-10 will be Rs 10,28,032 cr
2. Plan expenditure, for both Centre and States, to go up by Rs 61,000 cr
3. Fiscal deficit in 2009-10 is proposed at 6.8 per cent of GDP
4. Higher public investment in infrastructure
5.Goods and Services Tax to be introduced from April 1, 2010
6. Defence outlay goes up
7. Total fiscal stimulus for 2008-09 amounts to Rs 1,86,000 cr
8. Strengthen the delivery mechanism for healthcare
9. Increase investment in infrastructure
10. Mandate for inclusive growth
11. Re-energise government and re institutionalise development
12. Challenege before UPA to return to 9 per cent growth
13. Aim to create 12 million jobs
14. Economic growth is a synergy of states and Centre
15. Integration of Indian economy with rest of the world
16. Significant hike in foreign capital
17. Govt took 3 stimulus packages to fight slowdown
18. Two worst quarters since September slowdown behind us
19. Signs of revival in the domestic industry
20. Fiscal stimulus gave economy a boost
21. New company IIFCL to look at infrastructure needs
22. IIFCL will also look at incremental lending by banks
23. GDP grew at 6.7 per cent
24. JNNURM allocation hiked by 87 per cent
25. Hike infrastructure investment to over 9% of GDP by 2014
26. Fund allocation for urban poor accommodation is 3,973,000 cr
27. Hike in allocation for Mumbai flood management
28. JNNURM allocation hiked by 87 per cent
29. NHAI allocation up by 23 per cent
30. IIFCL will also look at incremental lending by banks
31. New company IIFCL to look at infrastructure needs
32. Additional budget allocation to farmers
33. FIIs have returned to India in last few months
34. Target for agriculture credit raised to Rs 3,25,000 cr in 2009-10
35. Pranab Mukherjee quotes Kautilya in Budget speech
36. Export Credit Guarantee scheme extended till March 2010
37. Incentives in interest rates to farmers to pay back
38. An expert group will look into petroleum product pricing
39. Saral-II forms to simplify taxation process
40. Move towards energy security via Integrated Energy Act
41. Raise threshold for non-promoter public listed companies
42. Banking network to be expanded
43. NREGA gave employment opportunities to more than 4.479 cr households
44. Stimulus for print media extended till December 2009
45. Rs 39,100 crore allocation for NREGA
46. Indira Awaas Yojna hiked by 63% to Rs 8,883 cr, up 144 per cent
47. Rs 100 cr one-time grant to expand banks in 'unbanking' areas
48. Work on National Food Security scheme for subsidised food
49. Families below the poverty line will be entitled to 25 kg of rice or wheat per month at Rs 3 per kg
50. Rs 100 crore for pilot scheme for development of SC-dominated villages.
51. Aim to bring 50 per cent of all rural women under women’s self-help groups in five years and link them to banks.
52. Aim to reduce female illiteracy by half. The scheme will focus on the minorities, SCs, STs and other marginalised groups.
53. One rank, one pension for ex-servicemen from July 1
54. Interest subsidy for home loans up to Rs 1 lakh
55. Rs 2,000 cr for rural housing fund under National Housing Bank
56. Commonwealth Games allocation hiked to Rs 16,300 cr
57. Rs 2,113 cr for IITs and NITs
58. Pension of non-commissioned officers to be hiked
59. Rs 25 cr each for AMU campuses in Murshidabad and Mallapuram
60. Rs 1,000 cr for Aila rehabilitation programme to West Bengal
61. Funds for GSI to enhance exploration of minerals
62. IIFCL will refinance 60% of commercial bank loans in PPP
63. Housing allocation hiked under Rajiv Awaas Yojana
64. Trade in goods and services doubled in 2008