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Budget 2008-2009

Budget 2008-2009 Home

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9% GOI Senior Citizens Savings Scheme

8% Savings (Taxable) Bonds

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Union Budget 2008-2009

Budget is likely to boost consumer demand by Income Tax exemptions - ASSOCHAM

Budget balances growth objectives within current political compulsions - FICCI President

NASSCOM disappointed on absence of extension to STPI scheme

Duty on crude suslphur reduced to support fertilizer production

AIDS drug exempted from Excise Duty

Excise Duty on buses, small cars and 2-3 wheelers reduced

Customs duty reduced on several items

Service Tax Net Widen, Four new services included

Fiscal as well as revenue deficit position improves

Tax incentives to boost R & D

5 year tax holiday for new Hospitals & Hotels in specific towns

Banking Cash Transaction Tax to be withdrawn

Two schemes added under Section 80C Instruments

Relief provided in Dividend Distribution Tax

Steps taken to further expand market for Corporate Bonds

Rs 3,443 crore allocated for Indira Gandhi National Old Age Pension Scheme

Subsidy enhanced under Indira Awas Yojana

Backward Regions Grant Fund to get Rs 5,800 crore

Rs 75 crore provided to Indian Council of Cultural Relations

Rs 100 crore each for three Institutions of Excellence

Sixth Central Pay Commission to submit its report by 31st March

Rs 624 crore earmarked for Commonwealth Games

Health Insurance for Unorganised workers

Allocation for Education Sector Increased by 20%

Sixteen Central Universities to come up

Government to encourage all sources of investment

Rs 5,500 crore allocation for Rajiv Gandhi Grameen Vidyutikaran Yojana

Technology Upgradation Fund (TUF) provision increased to Rs 1,090 crore

Allocation for Information Technology Department proposed at Rs 1,680 crore

Rs 14,000 crore corpus proposed for Rural Infrastructure Development Fund

Rs 644 crores for National Agriculture Insurance Scheme

Rs 20,000 crores for Accelerated Irrigation Benefit Programme

3 Crore small and marginal farmers to benefit from Chidambaram's Largesse

More funding for NABARD, SIDBI & NHB

Excise duty reduced for agricultural sector

Rs 750 Crores for upgradation of 300 ITIs

Mobile Soil testing laboratories in 250 districts at an outaly of Rs 75 Crores

India's Defence allocation enhanced to Rs 105,600 Crore

Summary of India's Union Budget 2008-2009

Finance Minister raises Income tax exemption limit

Union Budget 2008-09 highlights

Government keen on containing Inflation

Bright prospects for tourism in India

Government Deficits show declining trend

Economic Survey lauds industrial sector growth

Manufacturing and Services sectors keep aiding buoyant revenue collection

37 companies operate in Insurance sector

Economic Survey suggests measures to step up industrial growth

Priority Lendings up by 20.5%, Bank credit grows by 21.5%

India poised to harness "Demographic Dividend"

Economic Survey says Food Grains position comfortable

Government to continue focus on infrastructure development

Indian Economy projected to grow at 8.7% in 2007-2008

Highlights of the Economic Survey 2007-08

Government to take steps to provide relief to exporters

Gitanjali Group wants duties to be reduced on gemstones

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