Today, on 26th February Pranab Mukherjee introduced Union Budget 2010. Union Budget 2010 highlights were really very attractive but the essence of the budget is still not able to fulfill common men needs. Pranab Mukherjee started his 2010-2011 union budget speech in Parliament at 11 AM.
Union Budget 2010-2011 Highlights:
Allocation of Rs 66,100 crore for rural development
Allocation for Rs 5,130 crore in power sector
500 crore allocated for solar and hydro projects
Rs 1,73,552 crore for infrastructure development
Direct Tax code to be introduced from April 1, 2011
Fertilizer subsidy to be reduced
Additional Banking licenses to Private Banks
GDP to reach 9% in near future
Rs 16,500 fund allocation for PSu banks
Rs 300 cro for Rashtriya Krishi Vikas Yojna
To construct 20 km highways everyday
Five mega food parks to be set up
Allocation for Railways fixed at Rs 16,752 crore
200 crore provided to Tirupur textile cluster
Rs 500 crore for National Ganga River Basin Authority
Rs 1,000 crore for renewable energy ministry
Clean Energy Fund to be created
Rs 5,400 crore allocation for urban development
Rs 45,000 in plain area and Rs 48,500 in hilly areas for Indira Awas Yojana scheme's unit
Rs 40,100 crore allocation for NREGA
Health and family welfare increased to Rs 22,300 crore
Rs 31,036 crore for school education
Outlay for social sectors pegged at Rs 1,37,674 crore
Allocation for women and child development hiked by 80%
Rs. 2,600 crore allocated for Ministry of Minority Affairs
Ministry of Social Justice raised by 80% to Rs 4,500 crore
Indian Rupee will get a unique identity symbol just like US Dollar
Defence allocation at Rs 1,47,344 crore
Saral-2 return forms from next year
No tax for Rs 1.6 lakh
10% tax for Rs 1.6 lakh and up to Rs 5 lakh
20% tax for Rs 5 lakh and up to Rs 8 lakh
30% tax for above Rs 8 lakh
Emphasis on agriculture field
Bank will be stronger
Help for SEZ
Rs. 400 crore for green-revolution specially for east-north India
Rs. 200 crore for climate-resilient agricultural initiative
Rs. 3.75 lakh crore for agricultural debt
Farmer will get debt on 5%
Rs. 200 crore for Goa
2020 vision for the Ganga
Banks for village with population of 2000
Rs. 100 crore for women farmer fund scheme
Smart Card extended to NAREGA
Health insurance to NARGEA beneficiaries
Highlights of 2010-2011 Union budgets present some good data but they are surly not for common men. In the budget, government already has announced that there is need to review packages. We already have seen the results of NAREGA. There is no control on the price raise. On the one hand, Pranab Mukherjee introduced 2010-2011budgets and on the other hand, prices of petrol and diesel raises from today. What do you think? Does the budget fulfill the need of common men or it is only for industrialists or investors? Are there any differences between 2010-2011 Union budgets and Rail Budget 2010-2011?
Union Budget 2010-2011 Highlights:
Allocation of Rs 66,100 crore for rural development
Allocation for Rs 5,130 crore in power sector
500 crore allocated for solar and hydro projects
Rs 1,73,552 crore for infrastructure development
Direct Tax code to be introduced from April 1, 2011
Fertilizer subsidy to be reduced
Additional Banking licenses to Private Banks
GDP to reach 9% in near future
Rs 16,500 fund allocation for PSu banks
Rs 300 cro for Rashtriya Krishi Vikas Yojna
To construct 20 km highways everyday
Five mega food parks to be set up
Allocation for Railways fixed at Rs 16,752 crore
200 crore provided to Tirupur textile cluster
Rs 500 crore for National Ganga River Basin Authority
Rs 1,000 crore for renewable energy ministry
Clean Energy Fund to be created
Rs 5,400 crore allocation for urban development
Rs 45,000 in plain area and Rs 48,500 in hilly areas for Indira Awas Yojana scheme's unit
Rs 40,100 crore allocation for NREGA
Health and family welfare increased to Rs 22,300 crore
Rs 31,036 crore for school education
Outlay for social sectors pegged at Rs 1,37,674 crore
Allocation for women and child development hiked by 80%
Rs. 2,600 crore allocated for Ministry of Minority Affairs
Ministry of Social Justice raised by 80% to Rs 4,500 crore
Indian Rupee will get a unique identity symbol just like US Dollar
Defence allocation at Rs 1,47,344 crore
Saral-2 return forms from next year
No tax for Rs 1.6 lakh
10% tax for Rs 1.6 lakh and up to Rs 5 lakh
20% tax for Rs 5 lakh and up to Rs 8 lakh
30% tax for above Rs 8 lakh
Emphasis on agriculture field
Bank will be stronger
Help for SEZ
Rs. 400 crore for green-revolution specially for east-north India
Rs. 200 crore for climate-resilient agricultural initiative
Rs. 3.75 lakh crore for agricultural debt
Farmer will get debt on 5%
Rs. 200 crore for Goa
2020 vision for the Ganga
Banks for village with population of 2000
Rs. 100 crore for women farmer fund scheme
Smart Card extended to NAREGA
Health insurance to NARGEA beneficiaries
Highlights of 2010-2011 Union budgets present some good data but they are surly not for common men. In the budget, government already has announced that there is need to review packages. We already have seen the results of NAREGA. There is no control on the price raise. On the one hand, Pranab Mukherjee introduced 2010-2011budgets and on the other hand, prices of petrol and diesel raises from today. What do you think? Does the budget fulfill the need of common men or it is only for industrialists or investors? Are there any differences between 2010-2011 Union budgets and Rail Budget 2010-2011?
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