Highlights Of Budget-2009

-> Hike in IT exemption to Rs 2,40,000 for senior citizens
-> Commodities Transaction Tax to be scrapped
-> Fringe Benefit Tax to be scrapped
-> Service tax to be levied on law firms
-> 10 pc surcharge on personal income tax scrapped
-> Excise duty on petrol-driven small trucks down to 10%
-> Exemption of duty on goods made at construction sites restored
-> Drugs for heart diseases to become cheaper
-> Customs duty on gold and silver import increased
-> Mobile phone accessories to become cheaper
-> Pranab's Budget brings little cheer for the markets
-> Branded jewellery for women to become cheaper
-> Customs duty on bio-diesel reduced
-> Tax holiday extended for textile units
-> Small businesses exempt from advance tax
-> Custom duty on LCD panels halved
-> Set-top boxes to cost more
-> Anonymous funds to charitable bodies to get some tax relief
-> MAT hiked to 15% of book profit
-> Hike in IT exemption for women to Rs 1,90,000
-> General Sales Tax model will have a Central GST and State GST
-> Share of direct taxes has increased to 56 per cent in 2008-09
-> GST to come into effect from April 01, 2010
-> Corporate tax unchanged
-> New tax code to be set up in 45 days
-> Goods and Services Tax to be introduced from April 1, 2010
-> Total budget expenditure for 2009-10 will Rs 10,28,032 cr
-> Plan expenditure, for both Centre and States, to go up by Rs 61,000 cr
-> Fiscal deficit in 2009-10 is proposed at 6.8 per cent of GDP
-> Higher public investment in infrastructure
-> Defence outlay has gone up
-> Rs 1,000 cr for Aila rehabilitation to West Bengal
-> Rs 25 cr each for AMU campuses in Murshidabad and Mallapuram
-> Rs 2,113 cr for IITs and NITs
-> Funds for GSI to enhance exploration of minerals
-> New pension benefits for 12 lakh jawans and JCOs
-> Pension of non-commissioned officers to be hiked
-> Allocation for rehab of Lankan Tamils
-> One lakh dwelling units for paramilitary forces to be built
-> Commonwealth allocation hiked to Rs 3472 crore
-> Allocation of Rs 50 cr to Chandigarh University
-> Govt to hike allocation to National Ganga Project to Rs 562 cr
-> One rank, one pension for ex-servicemen from July 1
-> Allowances to para-military forces at par with defence forces
-> Unique Identification ID project to roll out in 12-18 months
-> Unique Identification ID project to tap private talent
-> Allocation for NRHM to be raised by Rs 257 cr
-> National action plan on climate change
-> Full interest subsidy for students in approved institutions
-> Modernisation of national employment exchanges
-> 50% cent of rural women in self-help groups
-> Rural mega clusters in Bengal and Rajasthan
-> Interest subsidy for home loans up to Rs 1 lakh
-> Interest subsidy on education loans
-> Rashtriya Mahila Kosh corpus to be raised to Rs 500 crore
-> Rs 2,000 cr for rural housing fund under National Housing Bank
-> National Mission for female literacy
-> NREGA allocation up 144%
-> Work on National Food Security scheme for subsidised food
-> Rs 100 cr one-time grant to expand banks in unbanking areas
-> Indira Awaas Yojna hiked by 63% to Rs 8,883 cr
-> Allocation for PM Gram Sadak Yojna up by 59 per cent
-> Rs 39,100 crore allocation for NREGA
-> NREGA gave employment opportunities to more than 4.47 cr households
-> Aam Aadmi is the focus of all UPA's schemes
-> Govt to shift to nutrient based fertiliser subsidy regime
-> Banking network to be expanded
-> One banking centre in every bloc
-> Banks, insurance to stay with Govt
-> Raise threshold for non-promoter public listed companies
-> FM recalls Indira Gandhi's bank nationalisation
-> Move towards energy security via Integrated Energy Act
-> Saral-II forms to simplify taxation process
-> An expert panel will look into petroleum product pricing
-> Domestic oil prices must be in sync with global prices
-> Fertiliser subsidy to go directly to farmers
-> Export Credit Guarantee scheme extended till March 2010
-> Pranab Mukherjee quotes Kautilya in Budget speech
-> Incentives in interest rates to farmers to pay back
-> Print media stimulus package extended by six months
-> Target for agriculture credit raised to Rs 3,25,000 cr in 2009-10
-> FIIs have returned to India in last few months
-> Storm-water drainage project fund hiked to Rs 500 cr
-> Blueprint for national gas grid
-> Additional budget allocation to farmers
-> Allocation of Rashtriya Krishi Vikas Yojna stepped up by 30%
-> Total fiscal stimulus during '08-09 is Rs 1,86,000 cr
-> Hike in allocation for Mumbai flood management
-> Housing allocation hiked under Rajiv Awaas Yojana
-> Fund allocation for urban poor accommodation is 3,973,000 cr
-> JNNURM allocation hiked by 87 per cent
-> NHAI allocation up by 23 per cent
-> Hike infrastructure investment to over 9% of GDP by 2014
-> IIFCL will refinance 60% of commercial bank loans in PPP
-> IIFCL will look at new projects
-> IIFCL will also look at incremental lending by banks
-> New company IIFCL to look at infrastructure needs
-> Two worst quarters since September slowdown behind us
-> Signs of revival in the domestic industry
-> Fiscal stimulus gave economy a boost
-> Govt took 3 stimulus packages to fight slowdown
-> Economic growth is a synergy of states and Centre
-> Integration of Indian economy with rest of the world
-> Significant hike in foreign capital
-> Trade in goods and services doubled in 2008
-> Indian economy changed in the past decade
-> Challenge before UPA to return to 9% growth
-> Re-energise government and reinstitutionalise development
-> One Budget can't solve all issues
-> Improve rule of law for all citizens
-> Mandate for inclusive growth
-> Strengthen the delivery mechanism for healthcare
-> Increase investment in infrastructure

Courtesy : ibnlive.com