India Annual Budget Highlights 2009 - 2010

Budget Highlights 2009 - 2010

• Budgetary support increased for Ministries of Rural Development, Road Transport & Highway, Power, Railways, Industrial Policy & Promotion and IT.
  
• Will return to FRBM targets when economy is on track
  
• 15 point programme for welfare of minorities set up.
  
• Food, fertiliser and petroleum subsidies to go up
• Defence allocation hiked to Rs 141,703 cr
  
• Central planned expenditure hiked to Rs 2,82,957 cr
  
• Rs 8,300 cr allocated for mid-day meal scheme
  
• 2 per cent interest subvention for export credit.
  
• Rajiv Gandhi Rural Drinking Water Mission gets Rs 7,400 crore in 2009-10.
  
• Central plan increased for host of areas like telecom, rural development
  
• Flagship NREGA scheme gets Rs 30,100 crore in 2009-10
  
• Allocation for JNNURM programme raised to Rs 11,842 crore.
  
• Rs 13,100 cr earmarked for Sarva Shiksha Abhiyan
  
• Rs 4,900 cr allocation under Bharat Nirman
  
• Aim to increase job opportunities to 12 million/year
  
• Infrastructure investment to be raised to over 9 per cent of GDP.
  
• Budget estimate for expenditure 09-10 put at Rs 953,231 crore.
  
• NPAs for PSU banks falls to 7.3 per cent in 2008-09.
  
• 55 loss making PSUs against 73 when UPA took over.
  
• 2008-09 tax collection to exceed previous year
  
• Revised tax estimates at Rs 6.2 lakh crore against Rs 6.80 lakh

2009 india Budget Highlights