| Infrastructure |
| The take-out financing scheme is expected to initially provide Rs 25,000 crore in the next 3 years.
|
| IIFCL has refinanced bank lending to infrastructure projects of Rs. 3,000 crore during the CY. |
| IIFCL's disbursements are expected to touch Rs 20,000 crore by March 2011 |
| Rs 16,752 crore provided for Railways, which is about Rs 950 crore more than last year. |
| Allocation for road transport increased by over 13% from Rs 17,520 crore to Rs 19,894 crore. |
| Rs 1,73,552 crore provided for infrastructure development accounting for over 46% of the total plan allocation. |
| Additional Rs 20,000 deduction available for investment in infrastructure bonds. |
| IIFCL disbursements at Rs 9000 crore by March 2010. |
| Roads/Highways |
| To allow resale of specified machinery for road construction projects on payment of import duty at depreciated value |
| Allocation for road transport Rs 19,894 crore. |
| Over 13% higher road allocation, a positive for HCC, IRB Infra, L&T, Gammon India, Punj Lloyd and Nagarjuna Construction, reports Zee Business |
| Real Estate |
| Real estate sector now gets 5 years for completion instead of 4 years earlier. |
| Banking & Finance |
| Market borrowing were up to Rs. 3,45,000 crore. Enough to meet credit need of the private sector. |
| Rs 1,900 cr additional capital in four PSU banks. |
| FM: Govt to provide Rs 16,500 crore to public sector banks to maintain tier-I capital |
| RBI is considering additional banking license to private sector players |
| Cement |
| The specific rates of duty applicable to portland cement and cement clinker also adjusted upwards proportionately |
| Partial rollback of excise duty on cement. |
| Coal |
| Clean energy cess of Rs 50 per tonne to be levied on coal produced in India. |
| FM: Competitive bidding for coal blocks meant for captive power plants. |
| Economy |
| Against a fiscal deficit of 7.8% in 2008-09, inclusive of oil and fertilizer bonds, the comparable fiscal deficit is 6.9% as per the RE for 2009-10. |
| FY'12 Fiscal Deficit seen at 4.8% |
| Allocation for development of micro and small scale sector raised from Rs 1,794 crore to Rs 2,400 crore |
| Market will take 5.5% fiscal deficit no positively: Madhu Kela. Source: CNBC-TV18 |
| GDP growth expected to breach 9% in 2011-12 |
| 18.9% growth rate in manufacturing sector in 2009. |
| Erratic monsoon and drought-like conditions forced supply side constraints that fuelled inflation in 2009. |
| The country experienced double digit food inflation in 2009 |
| FM say: Medium term growth to cross double-digit growth barrier. |
| Economic growth slows down to 6% in the third quarter |
| Need to move to high GDP target of 9% |
| Budget realises the need to strengthen food security |
| FM says: Need to review the fiscal stimulus and get back to fiscal consolidation. |
| Hope to reach 10% GDP in near future, says FM |
| Need to review stimulus for fiscal consolidation, says FM |
| Equipment |
| Full exemption currently available to medical equipment and devices such as assistive devices, rehabilitation aids etc. retained |
| Uniform, concessional basic duty of 5%, CVD of 4% with full exemption from special additional duty prescribed on all medical equipments |
| No import duty on some equipment in road projects. |
| Housing |
| Allocation for Housing and Urban Poverty Alleviation raised from Rs 850 cr to Rs 1,000 cr in 2010-11. |
| Rs 1,270 cr allocated for Rajiv Awas Yojana as compared to Rs 150 crore last year.
|
| Scheme of 1% interest subvention on housing loan upto Rs 10 lakh, where the cost of the house does not exceed Rs 20 lakh
|
| FM allows housing projects to complete projects in five years instead of four years to avail tax break. |
| Indira Awas Yojana scheme's unit cost raised to Rs 45,000 in plain area and Rs 48,500 in hilly areas |
| One per cent interest subvention loan for houses costing up to Rs 20 lakh extended to March 31, 2011; Rs 700 crore provided. |
| Ports |
| Alternative port to be developed at Sagar Island in West Bengal |
| Power |
| Plan allocation for power sector excluding RGGVY doubled from Rs 2230 crore in 2009-10 to Rs 5,130 crore in 2010-11
|
| Mega power plant policy modified to lower cost of power generation; allocation to power sector more than doubled to Rs 5,130 crore in 2010-11. |
| Power allocation doubles to Rs 5,100 crore. |
| Railways |
| Allocation for Railways fixed at Rs 16,752 crore, an increase of Rs 950 crore over last financial year |
| Renewable Energy |
| Cut in duty for photovoltaic units. |
| Rs 500 crore is allocated for solar and hydro projects for Ladakh region |
| The plan outlay for Renewable energy ministry up 61% |
| SEZ |
| Govt is committed to growth of SEZ to promote exports |
| Government Policies/Announcements/News |
| Rolling targets for fiscal deficit are pegged at 4.8% for 2012-13 |
| The actual net market borrowing in 2010-11 would be Rs 3,45,010 crore |
| Fiscal deficit for 2010-11 works out to Rs 3,81,408 crore |
| Fiscal deficit for 2010-11 pegged at 5.5 per cent of GDP |
| Non Plan expenditure estimated at Rs 7,35,657 cr |
| Plan expenditure estimated at Rs 3,73,092 cr |
| Total expenditure proposed is Rs 11,08,749 cr
|
| Non Tax Revenue Receipts are estimated at Rs 1,48,118 cr |
| The Gross Tax Receipts are estimated at Rs. 7,46,651 cr
|
| Businesses up to Rs 60 lakh and professionals up to Rs 15 lakh to be exempted from auditing obligations of their accounts. |
| Excise duty hiked from 8% to 10%. |
| Tax proposals: Slab: Income up to Rs 1.6 lakh -- tax will be nil, Income above 1.6 lakh and up to Rs 5 lakh -- tax 10%, Income above Rs 5 lakh and up to Rs 8 lakh -- tax will be 20%, Income above Rs 8 lakh -- tax will be 30% |
| FM: 18.5 per cent manufacturing growth in December was highest in two decades. |
| Allocates Rs 100 crore for new pension scheme, to benefit 1 lakh low income citizens |
| Social sector spending in FY'11 seen at Rs 1.38 lakh crore |
| The challenge is to overcome weakness in government's public delivery mechanism |
| GST rollout likely by April 1, 2011 |
| Govt to raise Rs 25,000 crore in FY'10 from PSU disinvestment |
| NMDC and SVJN stake sale to fetch Rs 25000 crore in FY'10 |
| Roadmap for reducing public debt in six months |
| Implementation of direct tax code from April 2011 |
| FM: 2nd challenge is to make growth more inclusive and broad-based |
| FM: First challenge is to quickly revert to 9% growth rate. |
| Agriculture |
| Rs. 300 crore provided to organise 60,000 "pulses and oil seed villages" in rain-fed areas during 2010-11 |
| Rs 400 crore provided to extend the green revolution to the eastern region comprising Bihar, Chattisgarh, Jharkhand, Eastern UP, West Bengal and Orissa |
| The transportation by road of cereals, and pulses to be exempted from service tax. Transportation by rail to remain exempt |
| Concessional import duty to specified machinery for use in the plantation sector to be, extended up to March 31, 2011 along with a CVD exemption |
| Full exemption from excise duty to trailers and semi-trailers used in agriculture |
| Central excise exemption to specified equipment for preservation, storage and processing of agriculture & related sectors |
| Full exemption from customs duty to refrigeration units required for the mfr of refrigerated vans or trucks |
| Provide concessional customs duty of 5 per cent to specified agricultural machinery not manufactured in India |
| Provide project import status at a concessional customs duty of 5% for Cold storage, cold room setup or expansion |
| Full service tax exemption for the installation & commissioning of mechanised handling systems/pallet racking systems in 'mandis' or warehouses |
| Concessional import duty of 5 per cent for the setting up of mechanised handling systems |
| Farm loan repayment extended by 6 months |
| Automobile |
| The ad valorem component of excise duty on large cars, multi-utility vehicles and sports-utility vehicles increased by 2 percentage points to 22%
|
| Excise duty on large cars, SUVs, multi utility vehicles hiked. |
| Chemical & Fertiliser |
| New fertiliser policy from April 2010 |
| Defence |
| Allocation to Defence over Rs 147,000 crore |
| E-Governance |
| Rs 1,900 crore allocated to the Unique Identification Authority of India (UIDAI) for 2010-11. |
| Nandan Nilekani-led Unique Identification Authority of India to get Rs 1,900 crore |
| Education |
| Plan allocation for school education increased by 16% from Rs 26,800 cr in 2009-10 to Rs 31,036 cr in 2010-11.
|
| Electrical/Electronics |
| Central excise on LED lights halved to 4%. |
| Environment/Carbon Credit |
| One-time grant of Rs 200 cr to the Govt of Tamil Nadu towards the cost of installation of a zero liquid discharge system at Tirupur to sustain knitwear industry. |
| Exports |
| Government to provide one time grant for Tirupur exports |
| Export figures are encouraging. |
| Healthcare |
| Plan allocation for health and family welfare increased to Rs 22,300 crore from Rs 19,534 crore |
| Need to provide food security, healthcare for all |
| Hospitality |
| Investment linked tax deductions to be allowed to two-star hotels anywhere in the country. |
| Industrial Park |
| To set up 5 more mega food park projects. |
| Investment |
| FDI flows in April-December 2009 $20.9 bn |
| IT/ITES |
| IT doesn't need STPI extension, says Narayana Murthy. Source: CNBC-TV18
|
| Oil & Gas |
| Fuel prices to go up: Petroleum products: basic duty of 5% crude , 7.5% on diesel & petrol; 10% on other products |
| Oil Ministry to take decision on Parikh Report |
| Others |
| Online news agencies to attract service tax. |
| FM: Rs 400 crore to be earned from green revolution in Bihar, Jharkhand, West Bengal and Orissa |
| Rural Development |
| For rural development, Rs 66,100 crore have been allocated. |
| NREGS gets Rs 40,100 crore in FY11. |
| Rs 48,000 crore for Bharat Nirman plan |
| FM: Thrust in rural infrastructure spending is a must |
| Telecom |
| Mobile phones to be cheaper. |
| Urban Development |
| Allocation increased by more than 75 per cent from Rs 3,060 cr to Rs 5,400 cr in 2010-11
|
| Allocation for urban development increased by 75% to Rs 5,400 crore in 2010-11 |
| Rs 1,270 crore provided for slum development programme, marking an increase of 700 per cent. |
| Warehousing |
| Deficit in foodgrains storage capacity to be met by private sector participation. |
| Water Sector |
| Schemes on bank protection works along river Bhagirathi and river Ganga-Padma in parts of Murshidabad and Nadia district of West Bengal included in the Centrally Sponsored Flood Management Programme.
|
| Allocation for National Ganga River Basin Authority doubled to Rs 500 crore. |
