Budget 2009-10

INTERIM BUDGET
2009-2010
references
• Chronicle; Indian economy value addition special-7,
2009.
• Chronicle; Indian polity, vol.xix no.10, April 2009.
• www.indiabudget.nic.in
• www.freewekipedia.com
• www.google.com
• www.finance.gov.sk.ca
• www.indianrailways.gov.in
Contents
• Introduction of budget
• Purpose
• Initiative and achievements
• Revised estimates
• Budget estimates
• Highlights of railway budget 2009-2010
BUDGET
THE BUDGET IS A STATEMENT

OF THE FINANCIAL POSITION OF
AN ADMINISTRATION FOR A
DEFINITE PERIOD OF TIME BASED
ON ESTIMATES OF EXPENDITURE
DURING THE PERIOD and
proposals for financing them.
Revenue budget: The Revenue
Budget consists of revenue receipts of
government and the expenditure met from
these revenues. Tax revenues are made up
of taxes and other duties that the Union
government levies.
Capital Budget: Consists of capital

receipts and payments. The primary
components of capital payments include
capital expenditure on acquisition of assets
like equipment, machinery, land and
buildings which also include transactions in
the Public Account and investments in
shares.
Purpose of Budgeting
• Provide a forecast of revenues and
expenditures i.e. construct a model of
how our business might perform,
financially speaking if certain
strategies, events and plans are
carried out.
• Enable the actual financial operation

of the business to be measured
against the forecast.
Pranab Mukherjee, Interim
Finance Minister presents Interim
Budget--Small budget : High
Hopes
Initiatives and
Achievements
• Agriculture
• Rural Development
• Education
• Social Sector
• Public Sector Enterprise
• Financial Sector Reforms
• Tax Efforts
• Administrative reforms
• Social initiatives
Agriculture
• Plan allocation for agriculture increased by 300 per
cent from 2003-04 to 2008-09.
• Rashtriya Krishi Vikas Yojna launched in 2007-08

with an outlay of Rs.25,000 crore to increase growth
rate of agriculture and allied sector to 4 per cent
per annum.
• Agriculture credit disbursement increased three

times from Rs.87,000 crore in 2003-04 to about
Rs.2,50,000 crore in 2007-08.
• Interest subvention to be continued in 2009-10 to

ensure that farmers get short term crop loans upto
Rs.3 lakh at 7 per cent per annum.
Rural Development
• The corpus of Rural Infrastructure Development
Fund (RIDF) increased from Rs.5,500 crore in
2003-04
to Rs.14,000 crore for the year 2008-09.
• As against 60 lakh houses to be constructed

under
Indira Awaas Yojana by 2008-09, 60 lakh twelve
thousand houses constructed between 2005-06

to
December, 2008.
•‘Project Arrow’ to provide new technology

Education
• Major initiative Schemes launched to universalize
education at secondary stage in the year 2008-09.
• Outlay on Higher Education increased 9 folds.
• Ordinance promulgated for establishing 15 Central
Universities.
• In addition to 6 new Indian Institutes of Technology (IITs),
two more IITs in Madhya Pradesh and Himachal Pradesh
are expected to commence their academic session in
2009-10.
• 2 new schools of Planning and Architecture at
Vijayawada and Bhopal have started functioning.
• 500 ITIs upgraded into centers of excellence.
Social Sector
• Scope of the pre-metric scholarship for children
has been doubled in 2008-09.
• Two new schemes : ‘Indira Gandhi National
Widow Pension Scheme’ and ‘Indira Gandhi
National Disability Pension Scheme’ to provide
pension for severely disabled persons.
• Widows in the age group of 18-40 years to be
given priority in admission to ITIs, Women ITIs
and National/Regional ITIs for women.
• 22 States and Union Territories initiated
process to implement Rashtriya Swasthya Bima
Yojana for BPL families and 60,32,000 persons
covered for death and disability under ‘Aam
Admni’ Bima Yojana (AABY).
Public sector
• Turnover of Central Public Sector Enterprises
increased from Rs.5,87,000 crore in 2003-04 to
Rs.10,81,000 crore in 2007-08 and profits grew
from Rs.53,000 crore to Rs.91,000 crore.
• Government approved implementation of

Guidelines on Corporate Governance in Central
Public Sector Enterprises (CPSEs) in June, 2007.
• Corpus of National Investment Fund created out of

disinvestment proceeds from Central PSUs stood at
Rs.1,815 crore as on December 31, 2008.
Financial Sector Reforms
• NPAs of Public Sector Banks declined from 7.8 per
cent on March 31, 2004 to 2.3 per cent on March 31,
2008.
• Number of reforms undertaken in the last four years

to deepen and widen the securities markets and
strengthen the regulatory mechanisms for these
markets.
• The Companies Bill, 2008, undertaking

comprehensive revision of Companies Act,1956 to
enable adoption of internationally accepted best
practices, has been introduced in the Parliament.
Tax Efforts
• Comprehensive reforms of tax system both direct
and the indirect tax system have enabled the tax
administration to enhance its functional
efficiency and provide better tax payer services.
• Rates of Union Excise Duties and Service Tax

rationalized for eventual shift to the Goods and
Service Tax on 1st April, 2010.
• 109 marine vessels sanctioned for the Customs

Department to prevent movements of
contraband goods across the country’s sea
borders.
Administrative Reforms
• The enactment of the Right to Information Act at
the Centre and in many States ushering in greater
accountability of the public servants.
• Recommendations of the Sixth Central Pay

Commission approved by the Government has
benefited over 45 lakh Central Government
employees including Defence Forces and Para-
Military forces and over 38 lakh pensioners.
Revised Estimates
• The total expenditure at Rs.7,50,884 crore in B.E.
2008-09 revised to Rs.9,00,953 crore in R.E.
2008-09 showing an increase of Rs.1,50,069
crore.
• Plan Expenditure gone up from Rs.2,43,386 crore
in B.E. 2008-09 to Rs.2,82,957 crore in R.E. 2008-
09.
• Revised Estimates of gross tax collection
projected at Rs.6,27,949 crore as against B.E.
2008-09 of Rs.6,87,715 crore, primarily due to
pro-active fiscal measures initiated to counter
the impact of global slowdown on the Indian
economy.
• Fiscal deficit to go up from Rs.1,33,287 crore (2.5
per cent of GDP) in B.E. 2008-09 to Rs.3,26,515
crore (6 per cent of GDP).
Budget Estimates
• Total expenditure for fiscal 2009-10 estimated at
Rs.9,53,231 crore. Plan expenditure estimated at
Rs.2,85,149 crore and Non-Plan expenditure at
Rs.6,68,082 crore.
• Budgetary support in Plan B.E. 2009-10 increased for
Department of Rural Development, Department of
Road & Transport, Railways, Ministry of Power, and
Department of Information Technology to meet the
requirements of rural and infrastructure development
along with higher allocation for Ministry of Youth
Affairs & Sports and Ministry of Culture to ensure
adequate resources for hosting of the Commonwealth
Games.
• Rs.30,100 crore for National Rural Employment
Guarantee Scheme for the year 2009-10.
Social initiatives
• About 98 per cent habitations
covered by primary schools
under Sarva Shiksha Abhiyan.
• Allocation for this programme
increased by 571 per cent
between 2003-04 and 2008-09.
• Allocation of Rs.13,100 crore
proposed for 2009-10.
Social initiatives
• Rs.8,000 crore allocated for Mid-day Meals Scheme
for the year 2009-10.
• Allocation of Rs.6,705 crore proposed for

Integrated Child Development Scheme (ICDS) for
the year 2009-10.
• Allocation of Rs.11,842 crore proposed for the year

2009-10.
• Rs.7,400 crore allocated for Rajiv Gandhi Rural

Drinking Water mission for safe water.
Hon'ble Railway Minister Sri. Lalu
Prasad Yadav presented Interim
Railway Budget 2009-2010
Highlights of railway
budget 2009-2010
• Rail accidents have fallen from 325 to 194 in past 5 yrs.
• 6th Pay commission to benefit 1.4 million rail employees.
• Fares of Ac/Mail express cut by 2%.
• To start 43 new trains in next financial year.
• fares of ordinary passenger trains reduced by rupee 1.
• "139 Enquiry Service" is available for 24 hours a day in 11
languages.
• The Budget Estimates for goods earnings and passenger
earnings have been kept at Rs. 59,059 cr and 25,000 cr,
respectively in 2009-10.
Highlights …..cont
• Railways freight rates remain unchanged
• Rs.70,000 crore surplus to be used to improve railways.
• Feasibility study of 6 bullet trains underway.
• Huge improvement in railway security.
• Electrification of 1000 Km of rail lines completed in 2008-
09.
• 1100 km of new rail lines installed in last five years.
• Four call centres for railway enquiry set up.
• Ticket booking beyond Internet, petrol pumps.
Thank u

Budget 2009-10

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INTERIM BUDGET

THE BUDGET IS A STATEMENT

Capital Budget: Consists of capital

• Enable the actual financial operation

• Rashtriya Krishi Vikas Yojna launched in 2007-08

• Agriculture credit disbursement increased three

• Interest subvention to be continued in 2009-10 to

• As against 60 lakh houses to be constructed

thousand houses constructed between 2005-06

•‘Project Arrow’ to provide new technology

• Government approved implementation of

• Corpus of National Investment Fund created out of

• Number of reforms undertaken in the last four years

• The Companies Bill, 2008, undertaking

• Rates of Union Excise Duties and Service Tax

• 109 marine vessels sanctioned for the Customs

• Recommendations of the Sixth Central Pay

• Allocation of Rs.6,705 crore proposed for

• Allocation of Rs.11,842 crore proposed for the year

• Rs.7,400 crore allocated for Rajiv Gandhi Rural

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