Key Features of Interim Budget 2009 - 2010

Interim Budget leaves direct taxes unchanged...
Key Features of Interim Budget 2009 - 2010
  • The Gross Domestic Product increased by 7.5 per cent, 9.5 per cent, 9.7 per cent and 9 per cent in the first four years from fiscal year 2004 - 05 to 2007 - 08 recording a sustained growth of 9 per cent for three consecutive years for the first time. The growth drivers for the period were agriculture, services, manufcturing along with trade and construction.
  • Due to revision in Educational Loan Scheme by the Government number of beneficiaries increased from 3.19 lakh to 14.09 lakh and amount of loan outstanding increased from Rs.4500 crore as on March, 31, 2004 to Rs.24260 crore as on September 30, 2008.
  • 500 ITIs upgraded into centers of excellence. National Skill Development Corporation created in July, 2008 with initial corpus of Rs.1000 crore.
  • Scope of the pre-metric scholarship for children of those engaged in unclean occupations expanded and rates of scholarship duubled in 2008-09. Annual ad-hoc grant increased by about 50 per cent as compared to earlier rates.
  • Two new schemes - 'Indira Gandhi National Widow Pension Scheme' to provide pension of Rs.200 to widows between age groups of 40-64 years and 'Indira Gandhi National Disability Pension Scheme' to provide pension for severely disabled persons.
  • Widows in the age group of 18-40 years to be given priority in admission to ITIs, Women ITIs National/Regional ITIs for women. Government to bear cost of their training and provide stipend of Rs.500 per month.
  • Government approved implementation of Guidelines on Corprate Governance in Central Public Sector Enterprises (CPSEs) in June, 2007.
  • Recommendations of the Sixth Central Pay Commission approved by the Government has benefited over 45 lakh Central Government employees including Defence Forces and Para-Military forces and over 38 lakh pensioners.

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