· Excise duty on fibre for cheaper cloth reduced
· Service tax to be levied on law firms
· Excise duty on petrol-driven small trucks reduced to 10%
· Exemption of duty on goods made at construction sites restored
· Drugs for heart diseases to become cheaper
· Customs duty on gold and silver import increased
· Mobile phone accessories to become cheaper
· Branded jewellery for women to become cheaper
· Customs duty on bio-diesel reduced
· Tax holiday extended for textile units
· Small businesses exempt from advance tax
· Custom duty on LCD panels halved
· Set-top boxes to cost more
· Anonymous funds to charitable bodies to get some tax relief
· Commodities Transaction Tax to be scrapped
· MAT hiked to 15% of book profit
· Fringe Benefit Tax to be scrapped
· Surcharge on personal Income tax slashed by 10%
· Hike in IT exemption for women to Rs 1,90,000
· Hike in IT exemption to Rs 2,40,000 for senior citizens
· General Sales Tax model will have a Central GST and State GST
· GST to come into effect from April 01, 2010
· Corporate tax unchanged
· New tax code to be set up in 45 days
· New tax code to be set up in 45 days
· Goods and Services Tax to be introduced from April 1, 2010
· Govt committed to tax reforms
· Total budget expenditure for 2009-10 will Rs 10,28,032 cr
· Plan expenditure, for both Centre and States, to go up by Rs 61,000 cr
· Fiscal deficit in 2009-10 is proposed at 6.8 per cent of GDP
· Higher public investment in infrastructure
· Defence outlay has gone up
· Rs 1,000 cr for Aila rehabilitation to West Bengal
· Rs 25 cr each for AMU campuses in Murshidabad and Mallapuram
· Rs 2,113 cr for IITs and NITs
· Funds for GSI to enhance exploration of minerals
· New pension benefits for 12 lakh jawans and JCOs
· Pension of non-commissioned officers to be hiked
· Allocation for rehab of Lankan Tamils
· One lakh dwelling units for paramilitary forces to be built
· Commonwealth allocation hiked to Rs 3472 crore
· Allocation of Rs 50 cr to Chandigarh University
· Govt to hike allocation to National Ganga Project to Rs 562 cr
· One rank, one pension for ex-servicemen from July 1
· Allowances to para-military forces at par with defence forces
· Unique Identification ID project to roll out in 12-18 months
· Unique Identification ID project to tap private talent
· Allocation for NRHM to be raised by Rs 257 cr
· National action plan on climate change
· Full interest subsidy for students in approved institutions
· Modernisation of national employment exchanges
· 50% cent of rural women in self-help groups
· Rural mega clusters in Bengal and Rajasthan
· Interest subsidy for home loans up to Rs 1 lakh
· Interest subsidy on education loans
· Rashtriya Mahila Kosh corpus to be raised to Rs 500 crore
· Rs 2,000 cr for rural housing fund under National Housing Bank
· National Mission for female literacy
· NREGA allocation up 144%
· Work on National Food Security scheme for subsidised food
· Rs 100 cr one-time grant to expand banks in unbanking areas
· Indira Awaas Yojna hiked by 63% to Rs 8,883 cr
· Allocation for PM Gram Sadak Yojna up by 59 per cent
· Rs 39,100 crore allocation for NREGA
· Allocation for PM Gram Sadak Yojna up by 59 per cent
· Rs 39,100 crore allocation for NREGA
· NREGA gave employment opportunities to more than 4.47 cr households
· Aam Aadmi is the focus of all UPA’s schemes
· Govt to shift to nutrient based fertiliser subsidy regime
· Banking network to be expanded
· One banking centre in every bloc
· Banks, insurance to stay with Govt
· Raise threshold for non-promoter public listed companies
· FM recalls Indira Gandhi’s bank nationalization
· Move towards energy security via Integrated Energy Act
· Saral-II forms to simplify taxation process
· An expert panel will look into petroleum product pricing
· Domestic oil prices must be in sync with global prices
· Fertiliser subsidy to go directly to farmers
· Export Credit Guarantee scheme extended till March 2010
· Pranab Mukherjee quotes Kautilya in Budget speech
· Incentives in interest rates to farmers to pay back
· Print media stimulus package extended by six months
· Target for agriculture credit raised to Rs 3,25,000 cr in 2009-10
· FIIs have returned to India in last few months
· Storm-water drainage project fund hiked to Rs 500 cr
· Blueprint for national gas grid
· Additional budget allocation to farmers
· Allocation of Rashtriya Krishi Vikas Yojna stepped up by 30%
· Total fiscal stimulus during ‘08-09 is Rs 1,86,000 cr
· Hike in allocation for Mumbai flood management
· Housing allocation hiked under Rajiv Awaas Yojana
· Fund allocation for urban poor accommodation is 3,973,000 cr
· JNNURM allocation hiked by 87 per cent
· NHAI allocation up by 23 per cent
· Hike infrastructure investment to over 9% of GDP by 2014
· IIFCL will refinance 60% of commercial bank loans in PPP
· IIFCL will look at new projects
· IIFCL will also look at incremental lending by banks
· New company IIFCL to look at infrastructure needs
· Two worst quarters since September slowdown behind us
· Signs of revival in the domestic industry
· Fiscal stimulus gave economy a boost
· Govt took 3 stimulus packages to fight slowdown
· Govt took 3 stimulus packages to fight slowdown
· Economic growth is a synergy of states and Centre
· Integration of Indian economy with rest of the world
· Significant hike in foreign capital
· Trade in goods and services doubled in 2008
· Indian economy changed in the past decade
· Challenge before UPA to return to 9% growth
· Re-energise government and reinstitutionalise development
· One Budget can’t solve all issues
· Improve rule of law for all citizens
· Mandate for inclusive growth
· Strengthen the delivery mechanism for healthcare
· Increase investment in infrastructure
· I am deeply aware of the youth’s challenges
· I am conscious of people’s faith in UPA
· FM Pranab Mukherjee begins his Budget speech

source: taxguru.in