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The Union budget of India for 2010-11 was presented by Finance minister Pranab Mukherjee in the Lok Sabha on Friday, February 26, 2010. ==Highlights == * The Indian economy was facing grave uncertainty. Growth had started decelerating when the interim and full budget for 2009-10 were presented. * At home there was added uncertainty because of subnormal southwest monsoon. * Yet, the economy now in a far better position than it was eight years ago. * India weathered the economic crisis well and emerged from the global slowdown faster than any other country. * First challenge before the government is to quickly revert to high GDP growth path of 9%. * Expects 10% economic growth in the near future. * Second challenge is to harness economic growth to make it more inclusive and consolidate gains. * Third challenge is to overcome weakness in government's public delivery mechanism; a long way to go in this. * Impressive recovery in the past few months. Can witness faster recovery in the coming months. * Food security has been strengthened. But bottleneck of the public delivery mechanism can hold us back. * Fiscal year 2009-10 was challenging for the economy. * Focus shifted to non-governmental actors and an enabling government. Government now concentrates on supporting and delivering services to the poorer sections. * Economy stabilised in the first quarter of 2009 itself. * 18.5% manufacturing growth in December was the highest in two decades. * Figures for merchandise exports for January encouraging after turnaround in November and December last year. * Double digit food inflation last year due to bad monsoon and drought-like conditions. * Government conscious of the price rise and taking steps to tackle it. * Erratic monsoon and drought-like conditions forced supply-side bottleneck that fuelled inflation. * Need to review stimulus imparted to economy last year to overcome the recession. * Need to ensure that the demand-supply imbalance is managed. * Need to make growth more broad-based. * Need to review public spending and mobilise resources. * Status paper on public debt within six months. * Government hopes to implement direct tax code from April 2011. * Earnest endeavour to implement general sales tax in April 2011. * Government will raise 25,000 crore from divestment of its stake in state-owned firms. * Kirit Parekh report on fuel price deregulation will be taken up by petroleum minister Murli Deora in due course. * Nutrient-based fertiliser subsidy scheme to come into force from April 1 this year. * Nutrient-based fertiliser subsidy will reduce volatility of subsidy and also reduce it. * Market capitalisation of five public-sector undertakings listed since October increased by 3.5 times. * FDI inflows steady during the year. Government has taken series of steps to simplify FDI regime. Intends to make FDI policy user friendly by compling all guidelines into one document. * Government has decided to set up apex-level Financial * Stability and Development Council. * RBI considering issuing banking licences to private companies. Non-banking finance companies will also be considered if they meet the criteria. * Government to provide 16,500 crore to public-sector banks to maintain tier-I capital. * Government to continue interest subvention of 2% for one more year for exports covering handicrafts, carpets, handlooms and small and medium enterprises. * Government to provide 300 crore to organise 60,000 pulse and oilseed villages and provide integrated intervention of watershed and related programmes. * 200 crore provided for climate-resilient agriculture initiative. * Government committed to ensuring continued growth ofspecial economic zones * Need to take firm view on opening up of the retail sector. * Deficit in foodgrains storage capacity to be met with private-sector participation. * Period for repayment of loans by farmers extended by six months to June 30, 2010, in view of the drought and floods in some parts of the country. * Interest subvention for timely repayment of crop loans raised from 1% to 2%, bringing the effective rate of interest to 5%. * Road transport allocation raised by 13% to 19,894 crore. * Proposal to maintain thrust of upgrading infrastructure in rural and urban areas. IIFCL authorised to refinance infrastructure projects. * 1,73,552 crore provided for infrastructure development. * Allocation for railways fixed at 16,752 crore, an increase of 950 crore over the last financial year. * Government proposes to set up Coal Development Regulatory Authority. * Mega power plant policy modified to lower cost of generation; allocation to power sector more than doubled to 5,130 crore in 2010-11. * Government favours competitive bidding for coal blocks for captive power plants. * 500 crore allocated for solar and hydro projects for the Ladakh region in Jammu & Kashmir. * Clean Energy Fund to be created for research in new energy sources. * Allocation for new and renewable energy ministry increased by 61% to 1,000 crore. * One-time grant of 200 crore provided to Tirupur textile cluster in Tamil Nadu. * Allocation for National Ganga River Basin Authority doubled to 500 crore. * Alternative port to be developed at Sagar Island in West Bengal. * Draft of Food Security Bill ready, to be placed in the public domain soon. * Outlay for social sectors pegged at 1,37,674 crore, accounting for 37% of the total plan allocation. * Plan allocation for school education raised from 26,800 crore to 31,036 crore in 2010-11. * 25% of plan outlay earmarked for rural infrastructure development. * Plan allocation for health and family welfare increased to 22,300 crore from 19,534 crore. * For rural development, 66,100 crore have been allocated. * Allocation for National Rural Employment Guarantee Authority stepped up to 40,100 crore in 2010-11. * Indira Awas Yojana's unit cost raised to 45,000 in the plains and 48,500 in hilly areas. * Allocation for urban development increased by 75% to 5,400 crore in 2010-11. * 1% interest subvention loan for houses costing up to 20 lakh extended to March 31, 2011; 700 crore provided. * Allocation for development of micro and small-scale sector raised from 1,794 crore to 2,400 crore. * 1,270 crore provided for slum development programme, marking an increase of 700%. * Government to set up National Social Security Fund with initial allocation of 1,000 crore to provide social security to workers in the unorganised sector. * Government to contribute 1,000 per annum to each account holder under the new pension scheme. * Exclusive skill development programme to be launched for textile and garment-sector employees. * Allocation for woman and child development increased by 80% * Plan outlay for the social justice ministry raised by 80% to 4,500 crore. * Plan allocation for minority affairs ministry raised from 1,740 crore to 2,600 crore. * Financial-Sector Legislative Reforms Committee to be set up. * 1,900 crore allocated for Unique Identification Authority of India. * A unique identity symbol will be provided to the rupee in line with the US dollar, British pound sterling, euro and Japanese yen. * Defence allocation pegged at 1,47,344 crore in 2010-11 against 1,41,703 crore in the previous year. Of this, capital expenditure would account for 60,000 crore. * Planning Commission to prepare integrated action plan for * Naxal-affected areas to encourage "misguided elements" to eschew violence and join the mainstream. * Gross tax receipts pegged at 7,46,656 crore for 2010-11, non-tax revenues at 1,48,118 crore. * Total expenditure pegged at 11.8 lakh crore, an increase of 8.6%. * Fiscal deficit at 5.5%. * Fiscal deficit seen at 4.8% and 4.1% in 2011-12 and 2012–13, respectively. * Non-plan expenditure pegged at 37,392 crore and plan expenditure at 7,35,657 crore in budget estimates. Proposed increase of 15% in plan expenditure and 6% in non-plan expenditure. * Cash subsidy for fuel and fertiliser instead of previous practice of bonds to continue. * Fiscal deficit pegged at 6.9% in 2009-10 as against 7.8% in the previous fiscal. * Government's net borrowing to be 3,45,010 crore for 2010-11. * Income-tax department ready with two-page Saral-2 returns form for individual salaried assesses. * Personal income-ax rates pruned: * * Income up to 1.6 lakh — nil * * Income above 1.6 lakh and up to 5 lakh — 10% * * Income above 5 lakh and up to 8 lakh — 20% * * Income above 8 lakh — 30% * Additional deduction of 20,000 allowed on long-term infrastructure bonds for income-tax payers; this is above 1 lakh on savings instruments allowed already. * Investment-linked tax deductions to be allowed to two-star hotels anywhere in the country. * Weighted deduction of 125% for payments to approved associations doing social and statistical research. * One-time interim relief to housing and real-estate sector. * Businesses with a turnover of up to 60 lakh and professionals earning up to 15 lakh to be exempted from the obligation to audit their accounts. * Housing projects allowed to be completed in five years instead of four to avail of tax breaks. * Revenue loss of 26,000 crore on direct tax proposals. * Central excise duty on all non-petroleum products raised to 10% from 8%. * FM increases customs duty on crude oil to 5%, on diesel and petrol to 7.5%, and on other petroleum products to 10%. * Structural changes in excise duties on cigarettes, cigars, and cigarillos. * Clean energy cess of 50 per ton to be levied on coal produced in India. * Concessional excise duty of 4% on solar cycle rickshaws. * Balloons exempted from central excise duty. * Customs and central excise proposals to result in a net revenue gain of 43,500 crore. * More services to be brought under the service tax net. * Certain accredited news agencies exempted from payment of service tax. * Net revenue gain from tax proposals pegged at 20,500 crore. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「2010 Union budget of India」の詳細全文を読む スポンサード リンク
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