Union Budget Live 2009 Highlights - FM's budget speech started...

S&P CNX NIFTY

4195.85  -228.40

SENSEX

14167.40  -745.65

 

I guess this is quite ephemeral; the market will bounce back till this weekend.

 

BSE LIVE      -619.58 14,293.47 -4.15%

NSE       -132.70 4,291.55 -3.09%

 

Market seems to be disappointed with the budget,……………………….

 

Budget expenditure crosses 10 lakh crore for the first time says :FM

 

 

Highlights so far… 

·         Mentions that “First challenge is to lead the economy back to the 7% GDP growth”

·         Alludes to private investment being the main growth driver

·         IIFCL to refinance 60% of bank loans for PPP projects (Public-Private-Partnership)

·         Hike in IT exemption for women to Rs 1,90,000

·         Hike in IT exemption to Rs 2,40,000 for senior citizens

 

Total budget expenditure for 2009-10 will Rs 10,28,032 crore, crossing Rs 10 lakh crore mark for the first time since Independence.

 

TAX PROPOSALS! New direct tax code to be released in 45 days.

 

Crop loan at 6 pc interest for farmers The government today announced loans at a subsidised interest rate of six per cent for farmers who pay their dues in time, which is one per cent less than what others would get.

 

Sorces: http://timesofindia.indiatimes.com/Sensex-up-100-points-ahead-of-Budget-2009/articleshow/4743006.cms

http://www.budget.gc.ca/2009/home-accueil-eng.asp

http://www.ibtimes.co.in/articles/20090705/what-indian-market-expects-from-union-budget.htm

http://economictimes.indiatimes.com/budget.cms

http://www.hindu.com/thehindu/holnus/000200907061240.htm

 

 

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