Highlights :Budget 2010

1.Pranab cuts surcharge for corporates, ups MAT
2.First challenge is to get to the high GDP growth path
3.Oil & gas: Budget 2010 low on reforms, high on tax
4.Actual net market borrowing for 2010/11 seen at Rs3.45 trillion
5.15% increase in plan expenditure in 2010/11
6.Defence allocation raised to 1.47 lakh cr
7.Customs duty on silver at Rs1500/kg
8.Pranab Mukherjee allots Rs 173 crore for infra development
9.Service tax remains unchanged at 10%
10. India recieved FDI worth $20.9 bn in April to Dec 2009 period
11.New Corporate Tax rate at 33.21%
12.FM says economy now is in far better position
13.Rs50/tonne cess on Indian coal
14.Cut in Personal Tax Rate Savings of Rs50,000-8lac
15.Excise duty on CFL halved
16.FM's Budget makes tobacco cos cough
17.Waive excise duty on solar panels
18.Govt will implement direct tax code by April 1, 2011
19.Agricultural seeds exempted from service tax
20.RBI to release additional licenses to pvt sector banks and non-banking financial institutions
21.Raise excise duty on non-petro products to 10%
22.Implementation of GST and DTC by April 2011
23.Opposition walks out of the Budget session
24.Sets aside Rs 16500 cr for PSU banks to get minimum 8% tier 1 capital by March 2011
25.Restore 5% basic customs duty on crude petroleum
26.Partial roll back of excise duties of large cars
27.Explicit reduction in domestic public debt equity ratio: FM
28.Excise duty raised on all non-smoking tobacco
29.Centeral Excise Tax on petroleum products raised by Re1
30.Raises excise duty from 8% to 10%
31.R&D deduction increased
32.Surcharge for companies cut to 7.5% from 10%
33.MAT increased form 15% to 18%
34.30% tax on income above 8 lac
35.20% tax on salary between 5-8lac
36.Govt to set up apex level Financial Stability and Development Council
37.10% tax for income between 1.6-5 lac
38.No income tax on salary up to of Rs1.6 lac
39.Fiscal deficit seen at 4.8% in FY12
40.FY11 fiscal deficit pegged at 5.5% of GDP
41.Increase in non-planned expenditure is only 6%
42.Planning Commission to plan development of Maoist affected areas
43.Rs1,900 cr to authorities working to implement UID number
44.UID number to come into effect the coming year
45.Fuel prices to go up from tonight
46.15% priority lending to minority sector to be maintained
47.Gradual phasing out of stimulus: FM
48.Plan outlay for welfare of women and children doubled
49.Smart card extended to NREGA scheme
50.Raises allocation for health ministry to Rs22,300 crore
51.Bharat Nirman plan for FY11 has outlay of Rs48,000cr
52.Indira Awaas Yojana allocation at Rs1,000 cr
53.More power to aam aadmi; FM cuts tax rates
54.Raises allocation for urban development by 75% to 5400cr
55.NREGA allocation at Rs40,100 cr
56.Social sector spending at Rs1.38 trillion for FY11
57.Stocks/sectors you should bet on post Budget
58.Increase allocation for school education from to 31,036 cr from 26,800 cr
59.Hike allotment to renewable energy by 61%
60.Doubled allocation for power sector
61.Hope to breach 10% mark in GDP in near future: FM
62.Road development allocation raised to 19,894
63.FM doubles allocation, solar power gets boost
64.Proposes to extend interest subvention for export for 1 yr
65.Will reduce fertilizer subsidies
66.Aims to implement GST and Direct Tax Code in April 2011
67.Indian economy in better position than 8 yrs before