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Union Budget 2010

Union Budget 2010

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Published by manishgondhalekar

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Categories:Types, Business/Law
Published by: manishgondhalekar on Mar 16, 2010
Copyright:Attribution Non-commercial

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11/13/2010

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Vision & Objective:
GDP Growth to be targeted at 9%
Target of Rs 25,000 cr disinvestment this year 
Direct Tax Code and GST will be implemented from April 1, 2011
Fertilizer Subsidy to be reduced
GDP to reach 10% in near future
To consider Parikh Report on Fuel Price
FDI Regime to be simplified
Inflation Rate to be lowered in 2 Months
2% interest subvention for Exports extended for one year 
Committed to SEZ Growth
UNION BUDGET- 2010-2011
 
BANKING
RBI considering issuing banking licences to private companies.
Non-banking finance companies will also be considered if they meetthe criteria.
Government to provide Rs16,500 crore to public-sector banks tomaintain tier-I capital.
This will improve the lending capacity of these banks
The Budget 2010 has also made additional provisions of capital for lending to Rural Areas.
Banking facilities to be provided to all habitations with a populationof 2,000 and more
 
INFRASTUCTURE
Rs. 1.37 lakh crore for InfrastructureDevelopment
Railways to be allocated Rs 16,772 crore
Road Development allocation increasedto 19,894 crore
20 km National Highway to be builteveryday
Proposal to hike allotment for renewableenergy by 61%
To Establish Clean Energy Fund
More than double allocation for Power Sector to 5,130 crore

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