100 Key points for budget 2009

It has been 2 days since budget has been announced, many speculations about the budget are taking place, Pages and shows about the same is hitting us with lots of information. How the budget will impact us and the market ? I have composed 100 simple straight forward key points of the budget.

1.Govt committed to tax reforms
2.Hike in IT exemption to Rs 2,40,000 for senior citizens
3.Commodities Transaction Tax to be scrapped
4. Service tax to be levied on law firms
5. 10 pc surcharge on personal income tax scrapped
6. Excise duty on petrol-driven small trucks down to 10%
7. Exemption of duty on goods made at construction sites restored
8. Drugs for heart diseases to become cheaper
9. Banking network to be expanded
10. Customs duty on gold and silver import increased
11. Mobile phone accessories to become cheaper
12. Pranab's Budget brings little cheer for the market
13. Branded jewellery for women to become cheaper
14. Customs duty on bio-diesel reduced
15. Tax holiday extended for textile units
16. Small businesses exempt from advance tax
17. Custom duty on LCD panels halved
18. Set-top boxes to cost more
19. Anonymous funds to charitable bodies to get some tax relief
20. MAT (minimum alternate tax) hiked to 15% of book profit
21. Hike in IT exemption for women to Rs 1,90,000
22. General Sales Tax model will have a Central GST and State GST
23. Share of direct taxes has increased to 56 per cent in 2008-09
24. GST to come into effect from April 01, 2010
25. Corporate tax unchanged
26. New tax code to be set up in 45 days
27. Goods and Services Tax to be introduced from April 1, 2010
28. Total budget expenditure for 2009-10 will Rs 10,28,032 cr
29. Plan expenditure, for both Centre and States, to go up by Rs 61,000 cr
30. Fiscal deficit in 2009-10 is proposed at 6.8 per cent of GDP
31. Higher public investment in infrastructure
32. Defence outlay remains unchanged
33. Rs 1,000 cr for Aila rehabilitation to West Bengal
34. Rs 25 cr each for AMU campuses in Murshidabad and Mallapuram
35. Rs 2,113 cr for IITs and NITs
36. Funds for GSI to enhance exploration of minerals
37. New pension benefits for 12 lakh jawans and JCOs
38. Pension of non-commissioned officers to be hiked
39. Allocation for rehab of Lankan Tamils
40. One lakh dwelling units for paramilitary forces to be built
41. Commonwealth allocation hiked to Rs 3472 crore
42. Allocation of Rs 50 cr to Chandigarh University
43. Govt to hike allocation to National Ganga Project to Rs 562 cr
44. One rank, one pension for ex-servicemen from July 1
45. Allowances to para-military forces at par with defence forces
46. Unique Identification ID project to roll out in 12-18 months
Fringe Benefit Tax to be scrapped
48. Unique Identification ID project to tap private talent
49. Allocation for NRHM to be raised by Rs 257 cr
50. National action plan on climate change
51. Full interest subsidy for students in approved institutions
52. Modernisation of national employment exchanges
53. 50% cent of rural women in self-help groups
54. Rural mega clusters in Bengal and Rajasthan
55. Interest subsidy for home loans up to Rs 1 lakh
56. Interest subsidy on education loans
57. Rashtriya Mahila Kosh corpus to be raised to Rs 500 crore
58. Rs 2,000 cr for rural housing fund under National Housing Bank
59. National Mission for female literacy
60. NREGA allocation up 144%
61. Work on National Food Security scheme for subsidised food
62. Rs 100 cr one-time grant to expand banks in unbanking areas
63. Indira Awaas Yojna hiked by 63% to Rs 8,883 cr
64. Allocation for PM Gram Sadak Yojna up by 59 per cent
65. Rs 39,100 crore allocation for NREGA
66. NREGA gave employment opportunities to more than 4.47 cr households
67. Aam Aadmi is the focus of all UPA's schemes
68. Govt to shift to nutrient based fertiliser subsidy regime
69. One banking centre in every bloc
70. Banks, insurance to stay with Govt
71. Raise threshold for non-promoter public listed companies
72. FM recalls Indira Gandhi's bank nationalisation
73. Move towards energy security via Integrated Energy Act
74. Saral-II forms to simplify taxation process
75. An expert panel will look into petroleum product pricing
76. Domestic oil prices must be in sync with global prices
77. Fertiliser subsidy to go directly to farmers
78. Export Credit Guarantee scheme extended till March 2010
79. Pranab Mukherjee quotes Kautilya in Budget speech
80. Incentives in interest rates to farmers to pay back
81. Print media stimulus package extended by six months
82. Target for agriculture credit raised to Rs 3,25,000 cr in 2009-10
83. FIIs have returned to India in last few months
84. Storm-water drainage project fund hiked to Rs 500 cr
85. Blueprint for national gas grid
86. Additional budget allocation to farmers
87. Allocation of Rashtriya Krishi Vikas Yojna stepped up by 30%
88. Total fiscal stimulus during '08-09 is Rs 1,86,000 cr
89. Hike in allocation for Mumbai flood management
90. Housing allocation hiked under Rajiv Awaas Yojana
91. Fund allocation for urban poor accommodation is 3,973,000 cr
92. JNNURM allocation hiked by 87 per cent
93. NHAI allocation up by 23 per cent
94. Hike infrastructure investment to over 9% of GDP by 2014
95. IIFCL will refinance 60% of commercial bank loans in PPP
96. Signs of revival in the domestic industry
97. Fiscal stimulus gave economy a boost
98. Govt took 3 stimulus packages to fight slowdown
99. Economic growth is a synergy of states and Centre
100. Significant hike in foreign capital
Source: http://controlinvest.blogspot.com/

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