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| You are here :Home >> Budget Stories >> Report | |||||||||
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| 2009-02-16 13:09:42 | |||||||||
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Interim budget 2009-10 : Key highlights Commodity Online NEW DELHI : Following are the key highlights of the interim budget for 2009-10 presented by acting finance minister Pranab Mukherjee in parliament on Monday. • Revenue deficit seen at 4 per cent, fiscal deficit at 5.5 per cent of GDP in 2009-10. Increase in the allocation of defence expenditure to Rs 1,41,703 crore in 2009-10. Plan expenditure in 2009-10 may have to be increased substantially at the time of presentation of overall budget if we have to give economy the stimulus it needs Allocation for Unique Identification (UID) programme has been pegged at Rs 100 crore. Allocation for JNNURM programme raised to Rs 11,842 crore. Bharat Nirman programme gets Rs 40,900 crore in 2009-10. Rajiv Gandhi Rural Drinking Water Mission gets Rs 7,400 crore in 2009-10. Integrated Child Development Scheme gets Rs 6,705 crore in 2009-10. Allocation for Sarva Shiksha Abhiyan programme increased to Rs 13,100 crore. Flagship NREGA scheme gets Rs 30,100 crore in 2009-10, says Mukherjee. Budgetary support increased for Ministries of Rural Development, Road Transport & Highway, Power, Railways, Industrial Policy & Promotion and IT. Budget estimate for expenditure for 2009-10 put at Rs 953,231 crore. This includes Rs 285,145 crore for plan expenditure while non-plan spend put at Rs 668,883 crore. Fiscal deficit has gone up from Rs 133,287 crore in the budget estimates to Rs 326,515 crore in the revised estimates for 2008-09 Revised fiscal deficit estimated at 6 per cent of GDP as against 2.5 per cent in the Budget estimate. Revised revenue deficit placed at 4.4 per cent as against 1 per cent in the Budget estimate for 2008-09. Rs 40,000 crore relief extended through tax cuts to counter economic slowdown. Tax collections down by Rs 60,000 crore over budget estimates for 2008-09. Fertiliser subsidy increased by Rs 44,863 crore from about Rs 14,000 crore during 2008-09. Central plan expenditure increased from Rs 2,43,386 crore to Rs 2,82,957 crore. Revised budget estimates for 2008-09 increased to Rs 909,053 crore from Rs 750,884 crore. Rs 632 crore provided for recaptalisation of Regional Rural Banks. Turnover of public sector companies has increased from Rs 587,000 crore in 2003-04 to Rs 10,87,000 crore in 2007-08. Student loans increased from Rs 4,500 crore on March 31, 2004 to Rs 24,260 crore as on September 30, 2008. Seven new IITs started functioning in 2008-09. Two more IITs in Madhya Pradesh and Rajasthan will start functioning in 2009-10. Rural infrastructure development scheme to be expanded through suitable allocations. 60.4 lakh houses constructed under Indira Awas Yojana during the year. Minimum support price for wheat increased from Rs 630 to Rs 1080 per qunital. Government to continue interest subvention scheme for farmers for loans up to Rs 3 lakhs. Rs 65,300 crore in loans waived for farmers during 2008-09. It benefitted 3.6 crore households. Agriculture credit has been increased by three fold to Rs 2,50,000 crore. Plan allocation 300 per cent increased for agriculture. Continued... |
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