Budget Highlights

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60.12 lakh houses built under Indira Awaas Yojna

   Highest priority to rural development
   Per Capita income grew by 7.4% in UPA regimen
   Agri revival package implemented in 25 states
   Employment generation schemes to be expanded
   Economic growth has to be sustainable and inclusive
   Manufacturing and agriculture sector are the growth drivers
   FRPM targets being relaxed
   Export growth for the first 9 months of the current year down to 17.1%
   Export growth slowed down to 17.1% for the last 9 months
   Export growth at 26.4% annually in the last 4 years
   Government has approved 37 new infrastructure projects
   Serious chocking of credit due to global downturn
   Export growth at 26.4% annually in the last 4 years
   India second fastest growing economy at 7.1% growth
   Agriculture annual growth rate 3.7%
   Savings rate up to 30.7% in 2008
   Farmers real heroes of our success story
   Investment rate has grown to 39%
   Fiscal deficit down by 2.7%
   Focus to maintain growth rate of 7-8%
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2 new IITs in MP and Rajasthan in 2009-10

   Rs 65,300 crore in loans loans waived off for farmers
   Industrial production fell by 2 pct in 2008 on a YoY basis
   Govt took prompt stimulus packages to curb slowdown
   Allocation to agriculture increased by 300%
   Outlay for higher education increased 900 per cent
   Govt took prompt stimulus packages to curb slowdown
   Govt approved 37 infrastructure projects
   Tax to GDP ration risen by 12.5%

Govt to provide subsidy to farmers in 2009-10

   Six new IITs started in 2008-09
   Educational loan schemes revised

Exports in dollar terms rose 26.4% in last 4 yrs

   Turnover of PSUs rose by 84% in 2003-08
   Young widows to get priority in ITI admissions
   The RIDA corpus was hiked from Rs 5,500 to Rs 14,000 cr
   Indira Gandhi National Widow Pension Scheme for widows

Centre has pumped in Rs 652 cr into Regional Rural Banks

   Personal Income tax structure has been raitionalised
   Tax rates must fall during the time of crisis

Custom duties rates steadily reduced in UPA rule

   Tax collection to increase in 2008-09
   Govt expenditure estimate revised to over 9 lakh crores

Rs 1,200 crore for Total Sanitation Programme

   Rs 6705 cr allocated for child development schemes
   Tax collections in 2008-09 to exceed that of 2007-08
   FY09 fiscal deficit seen at 6% of GDP vs 2.5 %
   Tax collections down by Rs 60,000 crore over estimates
   Plan expenditure revised to 3 lakh crore
   Revenue deficit revisied at 4.4% of GDP

Food, fertiliser, petroleum subsidies to go up

   Allocation of Rs 14,1703 cr for defence sector
   Rs 4,900 cr allocated to Bharat Nirman Scheme
   Rs 8,300 cr for mid-day meal scheme

Rs 11,842 cr allocated to Jawahar Nehru Urban Renewal Mission

   Food, fertiliser, petroleum subsidies to go up
Govt leaves personal and corporate taxes untouched.
 


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