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Union Budget 2009 India, Budget 2009 Highlights, Indian Budget 2009-2010

India Union Budget 2009 Highlights

Total budget expenditure for 2009-10 will be Rs 10,28,032 crore, crossing Rs 10 lakh crore mark for the first time since Independence
Commidities transaction tax abolished.
10% Surcharge on personal tax scrapped.
Fringe benefit tax abolished for companies
Rs. 1, 41,703 crores allocated for Defence
New Income tax exemption limit Rs. 1,60,000 for tax payers, Rs. 2,40,00 Income limit for Senior citizens and Rs. 1,90,000 for woman tax payers
No change in corporate tax
Customs duty on gold and silver import increased
Excise duty cut on petrol-diesel truck.
Anonymous funds to charitable institutions to get some tax relief
Share of direct taxes has increased to 56 per cent in 2008-09 over 41 per cent in 2007-08.
GST to be introduced by April 1, 2010
Tax holiday for exporters extended till 2011.
Centralised tax processing centre to be set up at Bengaluru
Aligarh Muslim University to have campuses in Malappuram, Murshidabad
100 crore for rehabilitation of victims of Aila cyclone
Rs 500 crores for the rehabilitation of Sri Lankan Tamils
New pension benefits for 12 lakh jawans and Junior Commissioned Officers from July.
Rs. 1740 crores allocated for minority development
Eight national missions are being launched under National Action Plan on climate change
Adarsh Gram Yojana starts with Rs 100 crore
Full interest subsidy for students in approved institutions.
Unique ID cards in 12-18 months.
2,130 crores for IIT, NIT
Rashtriya Mahila Kosh corpus allocation from Rs 100 crore to Rs 500 crore.
Rs. 7000 crores for Rural poverty eradication
Rs 350 cr allocation for BPL families.
National mission for female literacy - Female literacy to be doubled in 3 years.
100 crores Adarsh Gram Yojana for development of villages with more than 50% SC population
One bank for every block
Saral form 2 to be re-introduced
Rs 39, 100 crores for NREGA
National Food Security Act: Every family under BPL will get rice/wheat at Rs 3 per Kg
Bharat Nirman: Allocation stepped up by 45%
Promoter share holding for PSU hiked
Tax waiver on some exports to March 2010
Hike in NHDP allocation
Expert panel for Petrol price management
IIFCL will refinance 60% of bank loans for PPP projects
Allocatiton increased for Mumbai flood management
Rs 3.25 lalk cross agiculture credit for current year
DEPB scheme for print media
75% hike for agriculture irrigation

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