Highlights of interim budget'09

CA Nikita (Chartered Accountant) (4158 Points)

16 February 2009  

Interim Budget claims UPA kept promises

Markets' thumb down interim Budget, fall by 208 pts

India to ask Holbrooke to stop US military aid to Pak

Budget begins, focuses on farms before vote

Farmers to get loan upto Rs. 3 lakh at 7%

Rs. 13,100 cr for Sarva Sikhsha Abhayan

Revenue Deficit of 4.4% against estimate of 1%

Rs.8,300 cr for mid day meal scheme

2% interest subsidy on export credit

No changes in tax in interim budget.

Rs.13,500 cr for agri revival packages

2008-09 Tax collection to exceed last year's collection.

Plan expenditure upto Rs.9.53 lakh cr

Fiscal Deficit seen at 5.5% for fy 2010

Rs.95,575 cr subsidy for frtilizers, food,oil.