Highlights of Union Budget

FY 10 budget deficit seen at 6.9 per cent of GDP

FY 13 fiscal deficit target at 4.1 per cent

Fy 12 fiscal deficit target at 4.8 per cent

Gross tax receipts seen at Rs 7.46 lakh crore in FY'11

Fiscal deficit target of 5.5 per cent in FY11

Proposals for Indirect Taxes to generate Rs 46,500 crore.

15 per cent increase in plan expenditure

Direct tax code from April 1, 2011.

Bank credit to be raised from Rs 3,25,000 crore to Rs 3,75,000 crore in 2010-11

No hike in service tax

Corporate surcharge down from 10 per cent to 7.5 per cent

Liquor prices to go up

Raised excise duty on all non smoking tobacco

Prices of gold, silver, precious stones to rise

Prices to go up for cars, cement, fuel, cigarettes, air conditioners, TVs, steel

Excise on large cars, SUVs and MUVs raised to 22 per cent

Fuel prices likely to go up

Central exicse duty on petrol and diesel raised to Rs 1 per litre

Restore 7.5 per cent duty on petrol and diesel

Restore 5 per cent duty on crude petroleum

Partial rollback in excise duty

Presumptive tax limit raised to Rs 60 lakh

Investment linked deduction benefit for two star hotels

No tax on income up to Rs 1.6 lakh

Income above 8 lakh - 30 per cent tax.

Income from 5 lakh to 8 lakh - 20 per cent tax

Income between 1.6 lakh to 5 lakh - 10 per cent tax

Net market borrowing pegged at Rs 3.45 lakh crore

Borrowing plan to be decided in consultation with RBI

Defence Capex rasied to Rs 60000 crore for FY'11

Allocation for defence raised to 1.47 lakh crore

Allocation of Rs 1900 crore to Unique Identity Project

Govt to move towards direct fertiliser subsidy to farmers

Crop loan interest subvention for timely repayment raised to 2 per cent

Period of repayment of farm loan waiver extended to June 30

Government decides to set up apex-level Financial Stability and Development Council.

Govt to infuse Rs 16,500 Crore into Public Sector banks in 2010-11.

Govt to contribute Rs 1000 per month for pension security

Home loans up to Rs 20 lakh to get 1 per cent subvention up to March 2011

RS 66,100 crore for rural development

Social Security Fund to have a corpus of Rs 1000 crore

Allocation to NREGA raised to Rs 41,000 crore

Allocate Rs 22,300 crore for health ministry

25 pc of plan allocation for development of rural infrastructure

Increase plan allocation for education to Rs 31600 crore

Allocation for power sector Rs 5130 crore

Government taken series of steps to simplify FDI regime.

Export figures for January have been encouraging

Manufacturing has been a growth driver

Sustain food security in rural areas

Modernisation of PDS a priority for the govt

February 26, 2010