The Indian finance minister lays emphasis on consolidated growth, improving investment environment, inclusive development and strengthening transparency and public accountability in budget 2010-11.
1. The total expenditure proposed in the budget estimates is INR 1108749 crore an increase of 8.6% over last year.
2. The plan and non-plan expenditure estimated at INR 373092 crore and INR 735657 crore respectively, an increase of 15% in plan expenditure and 6% in non-plan expenditure over the previous year.
3. Fiscal deficit at 5.5% of GDP works out to be INR 381408 crore.
4. Rolling targets for fiscal deficit pegged at 4.8% and 4.1% for 2011-12 and 2012-13.
5. Status paper giving road map for curtailing the overall public debt to be brought out within 6 months.
6. About INR 25,000 crores to be raised through disinvestment program
7. INR 16,500 crore to be provided to public sector banks to achieve a minimum 8% tier-1
8. Growth of 127% recorded in exports from SEZs till December 2009.
9. India infrastructure finance company Limited’s disbursements to reach INR 20,000 crore by march 2011.
10. Allocation for power sector increased by more than doubled to INR 5,130 crore.
11. New tax incentives announced for infrastructure sector.
12. National clear energy fund for funding research and innovative projects in clean energy technologies to be set up.
13. To rewrite and clean up the financial sector laws, financial sector legislative reforms commission to be set up.
14. Central excise on petrol & diesel raised by INR 1 per liter.
Source : SteelGuru