Friday, February 26, 2010

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Union Budget | Union Budget 2010 | 2010 Union Budget | 2010 Union Budget Highlights | Union Budget Highlights | Union Budget Highlights 2010 | Union Budget Highlights 2010 - 2011 | Finance Budget Highlights 2010 - 2011 | Finance Budget Highlights | Finance Budget Highlights 2010 | 2010 - 2011 Finance Budget Highlights | Highlights of Finance Budget | Highlights of Finance Budget 2010 | Highlights of Finance Budget 2010 - 2011







- Finance
Panel's recommendations have been considered

- Income tax reforms almost complete

- GST will be implemented next year

- Direct Tax code by Apr 2011

- Rs 25000 cr disinvestment target this year

- Fertiliser subsidy will be reduced

- Government taking steps to simplify FDI to woo foreign inverters

- Review of public spending needed
11: 22 AM

- FM addresses the problem of Inflation

- State governments will be consulted over inflation

- Efforts to lower inflation in next two months

- Double digit food inflation a big concern
11: 17 AM

- FM gives brief overview of the economy (Economic Survey 2009-10)

- Indian economy has shown encouraging recovery signs

- Economy stabilised in Q1 of 2009

- Growth in manufacturing 18.5 pc, highest record in 2 decades

- Export figures are also encouraging
11: 12 AM

- Indian economy in better condition than it was earlier: Pranab Mukherjee

- Three challenges of 2009-10 budget remain relevant today

- First challenge: Revert back to GDP growth of 9 pc and slowly increase it to a double digit growth

- Second challenge: Using growth in development of the nation through infrastructure

- Third challenge: Weakness of government system. Structuring the system is needed
11: 08 AM

- FM begins budget speech recalling 2009's interim budget and Union Budget 2009-10 when Indian economy was still weak from the global slump
11:04 AM

- Pranab Mukherjee enters Parliament with a briefcase carrying the Budget
10: 47 AM

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