Sensex

Friday, February 29, 2008

DG - Union Budget Highlights 2008 - 09 By Kotak

Union Budget Highlights 2008 - 09

 

 

 

http://budget.digitaltoday.in/images/black.gif

Tax exemption hiked from Rs 1,10,000 to Rs 1,50,000

http://budget.digitaltoday.in/images/black.gif

20 per cent tax on income between three to five lakhs

http://budget.digitaltoday.in/images/black.gif

3 lakh to 5 lakh -- 20 per cent

http://budget.digitaltoday.in/images/black.gif

5 and above -- 30 per cent

http://budget.digitaltoday.in/images/black.gif

No change in corporate income tax rate

http://budget.digitaltoday.in/images/black.gif

Women exemption threshold hiked from Rs 1,45,000 to 1,80,000

http://budget.digitaltoday.in/images/black.gif

30% tax on income above Rs 5 lakh

http://budget.digitaltoday.in/images/black.gif

For senior citizens exemption is Rs 2.25 lakhs

http://budget.digitaltoday.in/images/black.gif

Duty on non filter cigarettes to be raised

http://budget.digitaltoday.in/images/black.gif

Excise duty slashed to 8% on water purification items

http://budget.digitaltoday.in/images/black.gif

Introduction of commodity transaction tax

http://budget.digitaltoday.in/images/black.gif

Five year tax holiday for hospitals from April 2008 - March 2013

 

BALANCE SHEET

 

http://budget.digitaltoday.in/images/black.gif

GDP increased by 8.8% during first 3 years of UPA

http://budget.digitaltoday.in/images/black.gif

Growth to be 8.7% this fiscal

http://budget.digitaltoday.in/images/black.gif

Confident of 8.8% this fiscal

http://budget.digitaltoday.in/images/black.gif

Manufacturing growth at 9.4%

http://budget.digitaltoday.in/images/black.gif

Services growth at 10.7%

http://budget.digitaltoday.in/images/black.gif

Agriculture grew by 2.4%

http://budget.digitaltoday.in/images/black.gif

Govt to monitor and moderate capital inflow to ensure stock market stability

 

AGRICULTURE

 

http://budget.digitaltoday.in/images/black.gif

Agriculture sector has grown by 2.4%

http://budget.digitaltoday.in/images/black.gif

Agri credit doubled during UPA government’s tenure

http://budget.digitaltoday.in/images/black.gif

Record food grain production at 290 mn tonnes

http://budget.digitaltoday.in/images/black.gif

Record rice production at 98.04 million tonnes

http://budget.digitaltoday.in/images/black.gif

Record maize production at 16.7 million tones

http://budget.digitaltoday.in/images/black.gif

Agriculture credit by next year

http://budget.digitaltoday.in/images/black.gif

75-78% total credit by PSU banks

http://budget.digitaltoday.in/images/black.gif

2008-09 target at Rs 280,000 cr for credit to farmers

http://budget.digitaltoday.in/images/black.gif

Additional irrigation potential to be developed for 5 lakh hectares

http://budget.digitaltoday.in/images/black.gif

Rain-fed area development program to be launched in new areas

http://budget.digitaltoday.in/images/black.gif

Rs 500 crore for this scheme

http://budget.digitaltoday.in/images/black.gif

World Bank aiding many states in agriculture

http://budget.digitaltoday.in/images/black.gif

14 national projects approved

http://budget.digitaltoday.in/images/black.gif

New financial institution IWRFC to be launched with an initial allocation of Rs 100 cr to mobilise money to fund agriculture

http://budget.digitaltoday.in/images/black.gif

500 soil testing labs to start via PPP

http://budget.digitaltoday.in/images/black.gif

Rs 175 crore for mobile soil testing units in 200 districts by March 2009

http://budget.digitaltoday.in/images/black.gif

Rs 20 crore to Tea Research Institute

http://budget.digitaltoday.in/images/black.gif

National agricultural insurance scheme to continue for Kharif, Rabi crops

http://budget.digitaltoday.in/images/black.gif

Fertiliser subsidy to continue

http://budget.digitaltoday.in/images/black.gif

New nutrient based fertiliser subsidy regime to be launched

http://budget.digitaltoday.in/images/black.gif

Prof Vaidyanathan Committee recommendations on micro-credit to be implemented

 

FARMER DEBT-WAIVER SCHEME

 

http://budget.digitaltoday.in/images/black.gif

New scheme of debt-waiver and debt relief for farmers

http://budget.digitaltoday.in/images/black.gif

All agriculture loans disbursed by PSU banks, cooperatives till March 2007 waiting recovery to be covered under scheme

http://budget.digitaltoday.in/images/black.gif

Complete waiver for marginal farmers holding up to 1 hectare of land

http://budget.digitaltoday.in/images/black.gif

Complete waiver for small farmers holding 1 to 2 hectares of land

http://budget.digitaltoday.in/images/black.gif

One-time settlement scheme for “all other” farmers

http://budget.digitaltoday.in/images/black.gif

Agricultural loans were restructured by banks through special packages. All such loans will also be eligible for waiver under the scheme

http://budget.digitaltoday.in/images/black.gif

Implementation to be completed by June 30, 2008

http://budget.digitaltoday.in/images/black.gif

Farmers will be also eligible for fresh loans

http://budget.digitaltoday.in/images/black.gif

Govt to allocate 60,000 cr for this scheme

http://budget.digitaltoday.in/images/black.gif

Four crore farmers to benefit

 

Infrastructure

 

http://budget.digitaltoday.in/images/black.gif

Power generation on target for 11th Plan

http://budget.digitaltoday.in/images/black.gif

Allocation of Rs 5000 crore for rural electrification

http://budget.digitaltoday.in/images/black.gif

Rs 12,966 crore for highways

http://budget.digitaltoday.in/images/black.gif

96.48% of Golden Quadrilateral completed

http://budget.digitaltoday.in/images/black.gif

26.36% of East-West, North-South Corridor completed

http://budget.digitaltoday.in/images/black.gif

Rs 380 crore for oil and gas exploration

http://budget.digitaltoday.in/images/black.gif

New coal regulator to be appointed

http://budget.digitaltoday.in/images/black.gif

Rs 1680 cr for IT Ministry

http://budget.digitaltoday.in/images/black.gif

One lakh broadband centres to be set up in rural areas

http://budget.digitaltoday.in/images/black.gif

All 30 integrated textile parts have been approved

http://budget.digitaltoday.in/images/black.gif

Clasuter Approach for handloom has been a success

http://budget.digitaltoday.in/images/black.gif

17 lakh weavers to be covered under insurance scheme

http://budget.digitaltoday.in/images/black.gif

SIDBI to reduce guarantee fee

 

EDUCATION

 

http://budget.digitaltoday.in/images/black.gif

Education outlay increased by 20% at Rs 34400 crore

http://budget.digitaltoday.in/images/black.gif

Mid-day meal is the largest such scheme in world

http://budget.digitaltoday.in/images/black.gif

Mid-day meal scheme to start in all govt, govt-aided schools across India

http://budget.digitaltoday.in/images/black.gif

Kasturba Gandhi Balika Vidayalaya has enrolled thousands of girls

http://budget.digitaltoday.in/images/black.gif

410 new Kasturba Gandhi Balika Vidayalaya to be set up

http://budget.digitaltoday.in/images/black.gif

New model school program to be started

http://budget.digitaltoday.in/images/black.gif

New Navodaya Vidyalaya to be set up in 20 backward districts

http://budget.digitaltoday.in/images/black.gif

New 1 lakh new scholarships to be given

http://budget.digitaltoday.in/images/black.gif

New Nehru Yuva Kendras to be set up in all districts

http://budget.digitaltoday.in/images/black.gif

16 central universities this year

http://budget.digitaltoday.in/images/black.gif

3 new IITs in AP, Bihar, Rajasthan

http://budget.digitaltoday.in/images/black.gif

2 Schools of Planning and Architecture in Bhopal and Vijaywada

http://budget.digitaltoday.in/images/black.gif

Ministry of S&T will start a new scholarship scheme

http://budget.digitaltoday.in/images/black.gif

100 cr to connect all knowledge centres via broadband to build national knowledge network

 

HEALTH AND DEVELOPMENT

 

http://budget.digitaltoday.in/images/black.gif

Health outlay increased by 15 per cent at Rs 16,543 crore

http://budget.digitaltoday.in/images/black.gif

Rs 16,000 crore for National Rural Emplyoment Guarantee Act

http://budget.digitaltoday.in/images/black.gif

National Rural Employment Guarantee Act to be extended to all districts

http://budget.digitaltoday.in/images/black.gif

46,200 Asha workers have been trained

http://budget.digitaltoday.in/images/black.gif

Anganwadi workers remuneration increased to Rs 1500

http://budget.digitaltoday.in/images/black.gif

More than 300 district hospitals to be upgraded

http://budget.digitaltoday.in/images/black.gif

Rs 12,050 crore for National Rural Health Mission

http://budget.digitaltoday.in/images/black.gif

Rs 900 crore for combating AIDS

http://budget.digitaltoday.in/images/black.gif

Rashtrya Health Bima Yojna to be launched in Delhi, Haryana, Rajasthan on April 1

http://budget.digitaltoday.in/images/black.gif

Integrated Child Development Scheme allocation increased to Rs 6000 crore

 

FOR SENIOR CITIZENS

 

http://budget.digitaltoday.in/images/black.gif

Sarva Shiksha Abhiyan gets Rs 13,100 crore

http://budget.digitaltoday.in/images/black.gif

Bharat Nirman Programme gets allocation of Rs 31,280 cr

http://budget.digitaltoday.in/images/black.gif

410 Vidyalayas in villages

http://budget.digitaltoday.in/images/black.gif

Navodiya Vidyalayas in 6,0-00 districts

 

DIRECT TAXES

 

http://budget.digitaltoday.in/images/black.gif

6,000 model high schools to be set up

http://budget.digitaltoday.in/images/black.gif

Education, health pillars of social sector reforms

http://budget.digitaltoday.in/images/black.gif

2008-09 will be a year of consolidation

http://budget.digitaltoday.in/images/black.gif

16 central universities proposed

http://budget.digitaltoday.in/images/black.gif

Three IITs in Andhra Pradesh, Bihar and Rajasthan

 

INDIRECT TAXES

 

http://budget.digitaltoday.in/images/black.gif

5 crore for Deccan College in Pune

http://budget.digitaltoday.in/images/black.gif

Mid-day meal to cover 13.9 crore for children

http://budget.digitaltoday.in/images/black.gif

80 crore for new hostels in Vidyalayas

http://budget.digitaltoday.in/images/black.gif

Second year of 11th plan extremely curical

http://budget.digitaltoday.in/images/black.gif

Mid-day meal to cover 13.9 crore for children

http://budget.digitaltoday.in/images/black.gif

Broadband in all major universities

http://budget.digitaltoday.in/images/black.gif

Allocate 85 crore for science and research students

 

DEFENCE

 

http://budget.digitaltoday.in/images/black.gif

National Programe for elder with outplan of Rs 400 crore to be launched in 2008-09

http://budget.digitaltoday.in/images/black.gif

Mid-day meal scheme extended to upper primary classes

http://budget.digitaltoday.in/images/black.gif

Scholarships for science and research

http://budget.digitaltoday.in/images/black.gif

Education and Health allocation up 20%

http://budget.digitaltoday.in/images/black.gif

Service Sector to grow at 10.7%

http://budget.digitaltoday.in/images/black.gif

Allocation of Rs 6300 crores in 2008-09 for anganwadi

http://budget.digitaltoday.in/images/black.gif

Rs 30,000 health cover for every worker in unorganised sector

http://budget.digitaltoday.in/images/black.gif

Two schools of Planning and Architecture in Bhopal and Vijaywada

http://budget.digitaltoday.in/images/black.gif

Allocation of Rs 4,554 crore for secondary education scheme

http://budget.digitaltoday.in/images/black.gif

Rs 100 cr to Ministry of Science and Technology for National Knowledge Network

http://budget.digitaltoday.in/images/black.gif

All knowledge bodies to be connected via broadband

http://budget.digitaltoday.in/images/black.gif

Rs 85 crore to building a knowledge society

 

MISCELLANEOUS

 

http://budget.digitaltoday.in/images/black.gif

Special fund of Rs 500 crores for Arunachal Pradesh

http://budget.digitaltoday.in/images/black.gif

12,155 crores to Ministry for North East Development

http://budget.digitaltoday.in/images/black.gif

Rs 200 crores for clean water to school children

http://budget.digitaltoday.in/images/black.gif

Rs 1000 crore for Ministry for Minorities

http://budget.digitaltoday.in/images/black.gif

Rs 75 crore for Rajiv Gandhi National Fellowship Programme

http://budget.digitaltoday.in/images/black.gif

Rs 60 crore to enhance the corpus fund of Maulana Azad programme

http://budget.digitaltoday.in/images/black.gif

Rs 11,460 crore for 100 per cent women specific scheme

http://budget.digitaltoday.in/images/black.gif

Rs 45.5 crore to modernise madrasas

http://budget.digitaltoday.in/images/black.gif

Rs 288 crores for nationalised banks in minorities areas

http://budget.digitaltoday.in/images/black.gif

Allocation of Rs 1200 crore for sanitation programmes

http://budget.digitaltoday.in/images/black.gif

More minority recruitments in central para-military forces

http://budget.digitaltoday.in/images/black.gif

ICDS allocation hiked to Rs 6,300 cr

http://budget.digitaltoday.in/images/black.gif

Rs 300 cr for desalination plant near Chennai

http://budget.digitaltoday.in/images/black.gif

National Handicap Development Corp to get Rs 9 crore

http://budget.digitaltoday.in/images/black.gif

LIC 'Janashree Yojana' for women self-helf groups

http://budget.digitaltoday.in/images/black.gif

Target of 2,80,000 for credit in agriculture

http://budget.digitaltoday.in/images/black.gif

Rs 300 crore for rain affected areas

http://budget.digitaltoday.in/images/black.gif

USD 730 million World Bank agreement for water storage development

http://budget.digitaltoday.in/images/black.gif

Target of 2,80,000 for credit in agriculture

http://budget.digitaltoday.in/images/black.gif

Rs 500 crore for development of border areas

http://budget.digitaltoday.in/images/black.gif

Rs 1100 cores for National Horticulture Mission

http://budget.digitaltoday.in/images/black.gif

500 new labs for soil testing

http://budget.digitaltoday.in/images/black.gif

Rs 500 crore to Centre of Development Studies, Tiruvananthapuram

 

 

__._,_.___
Regards

BigGains !!
Recent Activity
Visit Your Group
Yahoo! Finance

It's Now Personal

Guides, news,

advice & more.

Need traffic?

Drive customers

With search ads

on Yahoo!

Best of Y! Groups

Check out the best

of what Yahoo!

Groups has to offer.

.

__,_._,___

No comments: