Highlights of Union Budget 2010-11 (Part-III)

February 26th, 2010 - 1:51 pm ICT by ANI  

New Delhi, Feb 26 (ANI): Union Finance Minister Pranab Minister on Friday presented the Union Budget 2010-11 in the Parliament

Highlights of Union Budget 2010-11 are as follows:

* Textile ministry to train 30 lakh people

* Banks for all villages with population of 2,000

* Health insurance to NREGA beneficiaries

* Smart Card extended to NREGA

* Indira Awas Yojana scheme’s unit cost raised to Rs 45,000 in plain area and Rs 48,500 in hilly areas

* Allocated Rs 2,400 crore for MSMEs

* IIFCL to double refinancing banks for infra

* Rs 3675 crore education grant to states

* NREGA allocation to Rs 40,100 crore

* Power sector allocation doubled to Rs 5130 crore

* FDI regime to be simplified

* Rural development allocation increased to Rs 61,000 crore

* 25 per cent of plan outlay earmarked for rural infrastructure development

* Allocation for urban development increased by 75 per cent to Rs 5,400 crore in 2010-11

* Pvt sector to meet foodgrain storage deficit

* Rs 100 crore woman farmer fund scheme

* Interest subvention for low-cost housing extended

* Tech advisor group under Nandan Nilekani

* National Commission for Delivery of Justice and Legal reform proposed

* Defence allocation at Rs14 lakh crore

* First set of UID numbers this year

* 15 per cent hike in planned expenditure, six per cent in non-planned

* Gross tax receipts: Rs 746 lakh crore

* 55 per cent fiscal deficit target

* Fiscal deficit to be brought down to 48 per cent this year

* 2009-10 fiscal deficit revised to 69 per cent (ANI)

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