Union Budget 2009-10 focussed on growth

Fringe Benefit Tax abolished | Tax slab raised to Rs 1.6 lakh | Rice, wheat at Rs 3 per kg to poor

New Pension Scheme introduced | No change in Corporate tax | Budget expenditure of 2009-10 at Rs 10,28,032cr

Products that became cheap
Footwear, LCD TVs, Branded Jewellery, Drugs for heart treatment, Textiles, Bulk drugs

Products that became expensive
Set-top boxes, Gold and Silver import, Gold Bars, Mobile phones

• Rural jobs scheme is allocated Rs 39,000 cr
• Small businesses exempt from advance tax
• Surcharge of 10% on personal income tax eliminated
• Commodity transaction tax to be axed
• Commonwealth allocation hiked to Rs 16,300 cr

• 8% excise duty on man-made fibre restored
• Tax holiday extended for textile units
• Custom duty on set top boxes now at 5 per cent
• Poliical funding gets 100% tax reduction
• Tax holiday for exporters has been extended till 2011
• MAT hiked to 15% of book profit
• There is an hike in IT exemption for women to Rs 1,90,000
• IT exemption by Rs 15000 for senior citizens
• GST will be dual in nature
• Introduction of Goods and Services Tax on April 1, 2010
• Federal tax\GDP ratio is 11.5 per cent
• Share of direct taxes increased by 56pc
• New direct tax code in next 45 days
• Direct tax share gone up by 58pc
• Fiscal deficit estimated at 6.8 per cent
• Tax GDP improves to 11.9 pc
• Planned expenditure raised by 34 per cent
• Expenditure has crossed Rs 10 lakh crore mark
• Non planned expenditure estimated at 3.9 lakh
• National Ganga Project hiked to Rs 562 cr
• Allocation of Rs 50 cr to Chandigrah University
• Rashtriya Mahila Kosh corpus to be raised to 500cr
• Rs 350 cr allocated for Below Poverty Line (BPL) families
• Rs 2,000 cr for rural housing fund
• Rural mega clusters in Bengal and Rajasthan
• NREGA outlay increased by 144%
• Subvention of 1% as incentives to farmers
• Indira Awaas Yojna hiked by 63% to Rs 8,883 cr
• Real wage of Rs.100/day provided under NREGA
• Rs. 31,100 crore allocation for NREGA
• Public Sector Unitss remains under Govt control
• Additional 1000 cr for irrigation programmes
• Expert group to look into petroleum product pricing
• Farmer loan waiver period has been extended by six months
• Rashtriya Krishi Vikas Yojna stepped up by 30%
• Agri credit for at Rs 3.25 lakh crore for 09-10
• Hike in infrastructure to over 9 pc of GDP by 2014
• Fund for urban poor housing at Rs 3,973,000cr
• JNNURM allocation hiked by 87 per cent
• Fiscal stimulus of Rs 1,86,000 cr provided
• 23% hike in fund allocation for highway development
• IIFCL will refinance 60% of commercial bank loans
• Fiscal stimulus steps helped the economy