India: Budget 2009-10

Anil Jain

Anil Jain

@CrazyBoy • Oct 25, 2024
Finance Minister Pranab Mukherjee will be delivering the Budget Speech on 6th July from 11 AM. Lets see what new he bring for the people of India for year 2009-10. 😒😕😲

As soon as he will start budget speach I will start updating this thread.

PS: I am taking budget Highlight from <a href="https://business.rediff.com/money/budget-2009-commtry.html" target="_blank" rel="nofollow noopener noreferrer">Rediff.com: LIVE Commentary! Budget 2009-10</a>

-CB
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  • Anil Jain

    Anil Jain

    @CrazyBoy • Jul 5, 2009

    NHAI allocation up by 23 per cent. i.e. Allocations for highways being stepped up by 23 per cent.
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  • Anil Jain

    Anil Jain

    @CrazyBoy • Jul 5, 2009

    Additional allocation of Rs 1,000 crore for accelerated irrigation project.
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  • Anil Jain

    Anil Jain

    @CrazyBoy • Jul 5, 2009

    Target for agriculture credit raised to Rs 3,25,000 crore in 2009-10 from Rs 287,000 crore.
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  • Anil Jain

    Anil Jain

    @CrazyBoy • Jul 5, 2009

    Govt to set up expert panel for petroleum product pricing as the domestic oil prices should be in tune with global prices.

    😁 poor fellas; always set up a expert panel and outcome is never good for crowd.
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  • Anil Jain

    Anil Jain

    @CrazyBoy • Jul 5, 2009

    Saral Form II to be reintroduced, says FM. In 4 years, filing tax returns online to be made easier.
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  • Anil Jain

    Anil Jain

    @CrazyBoy • Jul 5, 2009

    For Indira Awas Yojana, allocation to be increased by 63 per cent in 2009-10 to touch Rs 8,800 crore.
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  • Anil Jain

    Anil Jain

    @CrazyBoy • Jul 5, 2009

    Full interest subsidy for students taking courses in approved institutions. 5 lakh (500,000) students to benefit.

    First Unique Identification Card to citizens to roll out in 12-18 months. I propose provision of Rs 120 crore for the project, says the finance minister. Infosys co-founder Nandan Nilekani is heading this project, after he quit the Infosys board.
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  • Anil Jain

    Anil Jain

    @CrazyBoy • Jul 5, 2009

    TAX PROPOSALS! New direct tax code to be released in 45 days.

    Tax proposals! No change in Corporate Tax.

    Tax proposals! Income Tax rates exemption limit to 2.25,000 to 2,40,000 for senior citizens.

    Tax proposals! Income Tax rates exemption limit to raised from Rs 180,000 to 190,000 for women.

    TAX: SURCHARGE ON income tax phased out.

    TAX: FRINGE BENEFIT TAX ABOLISHED. 😁

    PS: Market (sensex) down by 419 points.

    -CB
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  • Anil Jain

    Anil Jain

    @CrazyBoy • Jul 5, 2009

    TAX SLABS RAISED: PERSONAL INCOME TAX EXEMPTION RAISED BY RS 10,000. For Senior Citizens exemption raised by Rs 15,000
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  • Anil Jain

    Anil Jain

    @CrazyBoy • Jul 5, 2009

    Commodities Transaction Tax abolished!

    SECURITIES TRANSACTION TAX cut
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  • Anil Jain

    Anil Jain

    @CrazyBoy • Jul 5, 2009

    Ten per cent surcharge on personal income tax removed.

    Small businesses up to Rs 40 lakh (Rs 4 million) turnover exempted from filing advance tax returns.

    Income tax incentives on education loans expanded to cover vocational studies after schooling.

    Customs duty of 5 per cent being levied on import of set-top boxes used under Conditional Access System (CAS).
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  • Anil Jain

    Anil Jain

    @CrazyBoy • Jul 5, 2009

    Spending on higher education to be increased and allocation of Rs 2130 crore to set up more IIT and NIITs. A central university has been proposed in each state, says the FM.
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  • Anil Jain

    Anil Jain

    @CrazyBoy • Jul 5, 2009

    Custom duty on LCD panels cut from 10% to 5%, says the FM. There will be an imposition of 5% custom duty on set top boxes, he adds. This is bad news for Dish TV, Sun TV, Airtel, Videocon and WWIL.

    Full exemption from excise duty on branded jewellery.

    Excise duty on petrol-driven small trucks reduced to 10 per cent.

    Excise duty on fibre for cheaper cloth reduced

    Full exemption from excise duty on pre-fabricated concrete slabs to help construction industry.

    -CB
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  • Anil Jain

    Anil Jain

    @CrazyBoy • Jul 5, 2009

    Any body who wants to have a full coverage of the budget:

    <a href="https://business.rediff.com/special/2009/jul/06/budget09-finance-ministers-budget-speech.htm" target="_blank" rel="nofollow noopener noreferrer">Pranab Mukherjee's Budget Speech - Rediff.com Business</a>

    CEan's Pour in your comments for the India: Budget 2009-10

    -CB
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  • sarveshgupta

    sarveshgupta

    @sarveshgupta-txtmu5 • Jul 11, 2009

    Hey! Gold will cost more

    Imported coffee machines will cost more
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