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Indian Budget 2010-11- HIGHLIGHTS

India weathered economic crisis well, says Mukherjee

First challenge to quickly revert to GDP growth of 9%, says FM.

FM aims to implement direct tax code from April 1,2011

Government conscious of the situation of price rise and taking steps to tackle it

Erratic monsoon and drought-like conditions forced supply side bottleneck that fuelled inflation,

Government to budget Rs 25000 crore disinvestment in FY10 and Rs 35000 crore in FY11

More equity infusion in public sector banks to support lending

RBI to give more bank licences

Propose to extend interest subvention for exports for 1 year

Rs 3000 Crs for agricultural impetus

Govt. to extend Green revolution to Eastern India

Raises interest subvention from 1% to 2% on timely payment by farmers

Road network allocation over Rs 19,800 crore

Targets 20,000 MW solar energy | More than doubled power sector allocation

1000 crores for a special social security fund for unorganized workers

Health insurance for NREGA workers

GST and DTC to be introduced from 2011-12

Home loan upto Rs.20 lakhs to get 1% interest subvention till March 2011

To revamp, rewrite financial sector laws

Allocation for women and child development hiked by 80 per cent

To provide Rs 1,900 cr for Unique ID Project

New symbol for Indian Rupee

Health care outlay at INR 220 bn

Fisal deficit targeted at 5.5 % of GDP for 2010-11

new deduction of 20K in invest in long term bonds above the existing 1lac savings

Income upto INR 500K at 10%, Infrastructure deduction of 20K, 20% slab extended thus to 800K salaries.

Income till 1.6 lakh - Nil: 1.6 to 5 lakh- 10%: 5-8 lakh- 20% and above 8 lakh- 30%

Cars, Air conditioner, Cigarettes and Jewelery get costlier

a) DIRECT TAXES (full text) ... Read

b) INDIRECT TAXES (full text) ... Read

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