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General Budget 2010

posted Feb 27, 2010, 7:07 AM by Amit Lohia
Pranab Da has got the chance to present the budget after a long pause. The last time he presented the budget was at the time of Indira Gandhi. Following are the highlights of the budget being presented by him today in the Parliament.

National Mission for Female Literacy with emphasis on minorities, Scheduled Castes and Scheduled Tribes to be launched. Fifty per cent of all rural women to be brought into self-help group programmes.

Full interest subsidy for students taking courses in approved institutions. Five lakh students to benefit.

Modernisation of national exployment exchanges to be carried out.

Action initiated to provide social security to unorganised sector workers, says Mukherjee.

Allocation for National Rural Health Mission to be raised by Rs 257 crore over and above the outlay in the interim budget.

Under National Action Plan on climate change, eight national missions are being launched. For one of the missions, National Ganga Project, Government proposes to increase allocation to Rs 562 crore.

First Unique Identification Card to citizens to roll out in 12-18 months. I propose provision of Rs 120 crore for the project, says the Finance Minister.

Rashtriya Mahila Kosh corpus to be raised from Rs 100 crore to Rs 500 crore.
NREGA coverage increased from 3.39 crore households in 2007-08 to 4.74 crore households in 2008-09.

Allocation for flagship Bharat Nirman progamme is being raised by 45 per cent.

For Indira Awas Yojana, allocation to be increased by 63 per cent in 2009-10 to touch Rs 8,800 crore.

Rs 2,000 crore for rural housing fund under National Housing Bank.

An allocation of Rs 39,100 crore to be made for NREGA in 2009-10,an increase of 144 per cent.

Work on National Food Security scheme for providing food at cheaper rates to the poor has begun, says Mukherjee.

Government is committed to provide Rs 100 a day as wages under NREGA, says Mukherjee.

'Aam admi' is the focus of all our programmes and schemes, says Mukherjee.

Banks and insurance firms to remain in public sector.

IT returns to be made simpler, says Mukherjee.

An expert committee to be set up to advise on viable and sustainable pricing system for imported petroleum products, says Mukherjee.

Subsidy regime for fertilisers to change to nutrient- based rather than price-based.

To return to FRBM target for fiscal discipline at the earliest, says Mukherjee.

Extension of stimulus package for print media by another six months beyond June 30 in view of the economic downturn.

Total budget expenditure for 2009-10 will Rs 10,28,032 crore, crossing Rs 10 lakh crore mark for the first time since Independence.