Highlights Of Union Budget 2010-2011
* GDP growth to be targeted 9%
* Goal of 25,000 rupees car divestment of this year
* Will direct the tax law and tax goods and services will be implemented with effect from April 1, 2011
* Support for the fertilizer to fall
* Gross domestic product of up to 10% in the near future
* Consideration of the Parekh report on fuel prices
* FDI regime to be simplified
* That the rate of inflation fell in 2 months
* 2% for the benefit of export subsidies extended for one year
* Committed to the Special Economic Growth
Banking services:
* More private banks to be encouraged
* Additional to conduct private banking players
* FY10 capital for banks Prince Sultan stand at Rs 16,500 crore
* Rs 1,200 billion rupees to be allocated to the banks of Prince Sultan University
* Rural Banks to be supported
* Banks to get Rs 6,000 billion rupees to improve infrastructure
* Banks to all villages with a population of 2,000
Agriculture:
* Four-pronged agricultural strategy to be adopted
* Further assistance to the food processing sector
* Rs 400 crore to be allocated to a green revolution in eastern India
* Rs 300 billion rupees for the Rashtriya Krishi Vikash Yojna
* Expand the repayment of loans to farmers hit drohught
* Farmers, who repay the loan on time, you will get a waiver from 2%
* Farmers to obtain loans by 5%
* Extend the payment of agricultural loans by 6 months
* Agriculture loans to farmers to increase Rs 3,75,000 crore
* New Food Policy from April 1, 2010
* Rs 300 crore to be allocated to the production of pulse
Infrastructure:
* Rs. Lakah 1.37 billion rupees for the development of infrastructure
* Railways, which will be allocated Rs 16,772 crore
* Develop ways to increase the allocation of Rs 19.894 billion
* 20 km on national highways to be built every day
* Proposal to increase the allocation for renewable energy projects by 61%
* To create a fund for clean energy
* More than twice for the allocation of the energy sector to 5,130 billion rupees
* Coal regulatory authority that will arise
* Grant a one-time Rs 200 billion rupees for the role of the Tamil Nadu textile industry
* NREGA allocation of Rs 40,100 crore in
* 1200 crore rupees package for drought-hit Bundelkhand
* Ganages – 500 crore rupees
* Bharat Nirman Yojna – 48,000 crore rupees
* Solar energy – Rs 1,000 crore
* Tirupur spinning and weaving industry – 500 crore rupees
* Goa – Rs 200 crore special package
* For the preparation of 20,000 MW of generating solar power by 2022
* Delhi and Mumbai industrial corridor will be established
Education:
* Customize the school has risen from Rs 26,800 crore to Rs 31,036 crore
* The provision of health in the 22,300 crore
* Sarva Sikha Abhiyaan – 36,000 crore rupees
Urban Development and Housing:
* Rs 5,400 billion rupees for urban development – an increase of 75%
* Rs 61,000 crore for rural development
* Indira Awas Yojna for the Rs 10,000 crore
* Home loans up to Rs 10 Lakah – 1% subsidy extended for one year
* Focus on the development of slums
The social sector:
* National Fund of Social Security for unskilled workers to be set up with Rs 1,000 crore
* National Pension Scheme – new accounts for 1,000 rupees annually by the government
* National Health Insurance Scheme for the trade unions NREGA, who worked for a period of 15 days in the month of
* Farmers Fund for Women – 100 crore rupees
* Dalits and the poor to get more focus
Technology:
* A unique identifier to be given in a timely manner
* Allocation of 19000 crore rupees for the project a unique identifier
* Rupee to be the new code. There is a fresh look at the rupee to hit soon.
* Technical Advisory Group to create a framework Nandan Nilekani
Plan and expenditure:
* Gross receipts taxes – Rs 7.46 crore Lakah
* 15% increase in the spending plan,
* The fiscal deficit for fiscal year 2010 rate to 6.9% of GDP
* The fiscal deficit – 5.5% in fiscal 2011
* The fiscal deficit – 4.8% for the fiscal year 2012
* Defense allocation – Rs 147,344 crore
Taxes:
* Income tax form Saral – 2 to be re-introduced from next year
* No increase in the exemption limit for taxpayers
* Taxes and sheets changed
* Income up to Rs. 1.6 Lakah – zero
* Income from Rs. 1.6 Lakah – Rs Lakah 5 – 10% of taxes
* Income from Rs Lakah 5 – 8 lah – 20% of taxes
* Income over Rs Lakah 8 – 30% of taxes
* 60% of the taxpayers to be benefited
* Rs. 20,000 tax exemption for investment in bonds in the infrastructure.
* Exemption from tax under 80C will be Rs 1.2 Lakah instead of Rs 1 Lakah
* Reduced fees to the companies from 10% to 7.5%
* MAT (minimum alternative tax) for up to 18% from 15%
* Excise duty rose from 8% to 10%
* Is still in the Tax Department, 12% of goods
* There are no taxes on the Department of news agencies
* Research and development deduction increased
* CET (Central Excise Customs) on petroleum products by Rs 1
* Petrol and diesel prices to go up
* Partial restoration of excise duty on cement, and large vehicles
* Cement and large cars to be more expensive
* Cheaper products – compressed natural gas, mobile, and provision of medicines and medical equipment, agricultural equipment, mobile phones, Mobile trucks, watches, garments, microwave ovens, toys and foreign agricultural equipment, set top boxes, water purification, LED Lights
* Cost of products – gasoline, diesel and coal, cigarettes, cement, cars, big cars, flowers, gold, silver, that the masala
