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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