Union Budget 2010-11: Highlights

Published on Fri, Feb 26, 2010 at 13:05 Updated at Sat, Feb 27, 2010 at 12:45    |  Source : Moneycontrol.com

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Union Finance Minister Pranab Mukherjee began presenting the Union Budget 2010-11 in the Lok Sabha today at 11 am. Here are the key highlights of the Budget:

 

  • Business sentiment weak at the time of last Budget      
  • Averted crisis, Indian economy far better situation      
  • Southwest monsoon undermined kharif crop      
  • Short-term global outlook bleak during FY10 Budget      
  • First challenge is to quickly revert to high GDP growth     
  • Confident now economy in far better position      
  • GDP growth hitting double-digit remains 1st challenge      
  • Thrust for infrastructure in rural areas      
  • Budget cannot be a mere statement of government account      
  • First challenge is to return to high GDP growth of 9%      
  • Second challenge is to make development more inclusive     
  • Budget will also signal policy for future      
  • State of the economy better       
  • FY10 was a challenging year for the economy      
  • Budget realises the need to strengthen food security      
  • Some sectors have helped improve economic condition      
  • Focus of economic activity shifted to non-govt factors      
  • Govt must enable enterprise      
  • Economy can achieve 10% GDP growth, says FM      
  • Focus to improve food security and healthcare systems     
  • Focus on development of infrastructure in rural and urban areas likely       
  • FM indicates review of stimulus is now important  

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