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 Home Union Budget 2009        
Industry
  • Allocation of commonwealth games rise to 3172 cr
  • No new taxes on edible oil import
  • Deduction on excise duty on petrol driven trucks
  • Exemption of excise duty on branded Jewelery
  • Excise duty on cars reduced
  • Custom duty on gold increased by 200/10gms
  • 8% excise duty on man made fiber
  • 4% excise duty on cotton textile restored
  • Custom duty on small bulk drug reduced by 5%
  • LCD Tvs to be cheaper, Footwear to be cheaper,
    Mobile phones to be expensive, set up boxes to cost more
Citizen's Reaction
There should be a reduction in interest rate for..
Divakar
good to see raising of tax exemption limit. The..
vijay
The emphasis is on poor and underprivileged and..
ravi kumar
Good average budget, Pranab preferred to err on..
jackie Singh
Debate
  Agree: 71.43% Disagree: 28.57%  
Highlights of Budget 2009
Total expense crosses more than 10 lakh cr
Plan expenditure estimated at 9.3 lakh cr
Interim payment to exceed 3 lakh cr
Govt to spend 1.42 lakh cr for defense
Rev deflict is 4.8% GDP in FY10
Fiscal expansion will reverse slow down
Articles
Views : 64
Comments : 0
Much like the rail budget, the Union budget was more people-oriented. This clearly indicates that..
Views : 91
Comments : 1
Old age comes with its share of problems. As a person grows older his regular source of income..
Views : 225
Comments : 0
The Budget 2009 just focuses on the shot-run marginal issues and is not very clear about the..
Views : 906
Comments : 1
The budget put to rest the great expectations of the industry who were pinning their hopes on a..
Welfare Policies
  • New scheme unveiled for young widows in the age group of 18-40.
  • New disability pension scheme introduced for age group of 18-40.
  • 15-point programme for welfare of minorities set up.
  • Outlay for higher education hiked 900 per cent for 11th Five Year Plan
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Performance Metrics
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Direct & Indirect Taxes
  • Tax to gross domestic product ratio expanded by 9.2 to 12.5 per cent
  • Tax collections expected to fall to Rs.627,949 crore (Rs.6.28 trillion)
  • Economy has maintained a growth rate of over 9 per cent and the per capita income has grown by 4.7 per cent.