Union Budget 2010
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- Budget 2010
The whole country is looking at the Union budget 2010. It is expected that the budget gives importance to programs that could control the revenue deficit. The price of the commodities and inflation rates are increasing daily. The budget will give importance in controlling this.
The budget is having special packages that could boost the agricultural sector. The budget is also having plans for the step by step withdrawal of the financial boosting packages.
The budget will be presented in the parliament today noon.
Union finance minister Pranab Mukherjee reached parliament for the presentation of the budget. The session for the budget acceptation started.
The budget presentation is now going on in the parliament. The important declarations in he budgets are
The budget says that India had overcome the effects of global financial crisis
The food security will be improved and the country is expecting a growth rate of 9%
The packages that were implemented during the time of financial crisis were very effective
The decrease in the agricultural growth rate is threatening
This year there will be a selling of shares of about 25000 crore Rupees
More licenses will be allowed for banks. licenses to non banking institutions too,if the guidelines are followed
Goods service tax will be implemented from April
More programs to reduce the expenditure.
Special packages with in 6 months to control the public debt
16752 crore for Indian railway
1000 crore for Solar energy
165000 for public sector banking
5 Mega food parks
5130 crore in the energy sector
31036 crore for the educational sector
66100 for rural development
22300 crore for the health sector
Special flexible guidelines for attracting foreign investors
40100 crore for the national job assurance program
22300 crore for family welfare
300 crore for Rastruya Krishi Vikas Yougana
10000 crore for Indira Awaz Yogana
200 crore for the development of goa
5400 crore for city planning
National security fund will be organised
173552 crore for improvement of basic facilities
Reduction in interest rates for home loans below 20 years. The term also got increased
746651 crore expected as revenue from taxes.
4000 crore for the agricultural sector
