union Budget India 2009

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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

Will this budget bail India out of economic slowdown?

Agree: 71.43%

Disagree: 28.57%

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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

All issues cannot be resolved..

Views : 64

Comments : 0

Much like the rail budget, the Union budget was more people-oriented. This clearly indicates that..

CJ : PRAMOD THOMAS

Senior citizens neglected by..

Views : 91

Comments : 1

Old age comes with its share of problems. As a person grows older his regular source of income..

Budget 2009-10: Assessment &..

Views : 225

Comments : 0

The Budget 2009 just focuses on the shot-run marginal issues and is not very clear about the..

CJ : Vinod Anand

Indian Budget 2009: Great..

Views : 906

Comments : 1

The budget put to rest the great expectations of the industry who were pinning their hopes on a..

CJ : Ashok Menon

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.