India Budget Speech 1950-1951
>> March 7, 2010 –
Budget Speech 1950-1951
Indian Union Budget Speech 2009 - 2010
Union Budget 2009 - 2010 Highlights
Finance minister Pranab Mukherjee begins presentation of Union Budget 2009-10 in Lok Sabha. Some of the major excerpts of the budget speech are:
- Excise duty on fibre for cheaper cloth reduced
- Excise duty on petrol-driven small trucks reduced to 10%
- 100% deduction in donation to electoral trusts
- Service tax to be levied on law firms
- Exemption of duty on goods made at construction sites restored
- Drugs for heart diseases to become cheaper
- Customs duty on gold and silver import increased
- Customs duty of 5% being levied on import of set-top boxes
- Drugs for heart diseases to become cheaper
- Customs duty on gold and silver import increased
- Commodities Transaction Tax to be rolled back
- Exemption of duty on goods made at construction sites restored
- Mobile phone accessories to become cheaper
- New direct tax code in 45 days
- Set-top boxes to cost more
- Anonymous funds to charitable bodies to get some tax relief
- Small businesses exempt from advance tax
- Custom duty on LCD panels halved
- Customs duty on bio-diesel reduced
- Tax holiday extended for textile units
- Total budget expenditure for 2009-10 will Rs 10,28,032 cr
- Higher public investment in infrastructure
- One lakh dwelling units for paramilitary forces to be built
- Allocation for rehab of Lankan Tamils
- New pension benefits for 12 lakh jawans and JCOs
- Pension of non-commissioned officers to be hiked
- Defence outlay has gone up
- Fringe Benefit Tax to be scrapped
- Eliminate the surcharge on personal Income tax by 10%
- Hike in IT exemption for women to Rs 1,90,000
- Hike in IT exemption to Rs 2,40,000 for senior citizens
- General Sales Tax model will have a Central GST and State GST
- GST to come into effect from April 01, 2010
- Corporate tax unchanged
- Interest subsidy on students' loans in higher education
- Rs 1,000 cr for Aila rehabilitation programme to West Bengal
- Rs 25 cr each for AMU campuses in Murshidabad and Mallapuram
- Rs 2,113 cr for IITs and NITs
- Government to spend Rs.12K cr on rural roads in FY'10
- Commonwealth allocation hiked to Rs 16,300 cr
- Govt to hike allocation to National Ganga Project to Rs 562 cr
- Rs 7000 cr for rural electrification
- Rice, wheat at Rs 3 per kg to the poor
- One rank, one pension for ex-servicemen from July 1
- Allowances to para-military forces at par with defence forces
- Unique Identification ID project to tap private talent
- National action plan on climate change
- Full interest subsidy for students in approved institutions
- Modernisation of national employment exchanges
- 50% cent of rural women in self-help groups
- Real wage of Rs.100/day provided under NREGA
- Allocation of Rs 50 cr to Chandigrah University
- Rs 100 cr one-time grant to expand banks in unbanking areas
- Allocation for PM Gram Sadak Yojna up by 59 per cent
- Work on National Food Security scheme for subsidised food
- Government to shift to nutrient based fertiliser subsidy regime
- Rural mega clusters in Bengal and Rajasthan
- Interest subsidy on education loans
- National Mission for female literacy
- Rural mega clusters in Bengal and Rajasthan
- Interest subsidy for home loans up to Rs 1 lakh
- LNG infrastructure in the country being expanded
- Government to introduce food security bill
- Scheduled commercial bks can set up offsite ATM
- Will create close to 12 million jobs
- Institutional refo reform measures to stabilise BOP
- Aiming for direct transfer of subsidy to farmers
- Rs 4000cr fund to incentivise banks & SFCs to lend
- To provide all possible relief to exporters
- Banking network to be expanded
- One banking centre in every bloc
- Rs 31,100 crore allocation for NREGA
- NREGA gave employment opportunities to more than 4.479 cr households
- Banks, insurance to stay with Government
- Raise threshold for non-promoter public listed companies
- Indira Awaas Yojna hiked by 63% to Rs 8,883 cr
- 1% int subvention to farmers making timely payment
- Allocation to NHAI increased by 23%
- An expert group will look into petroleum product pricing
- GDP grew at 6.7% in 2008-09
- Move towards energy security via Integrated Energy Act
- Saral-II forms to simplify taxation process
- Domestic oil prices must be in sync with global prices
- Raise threshold for non-promoter public listed companies
- Hike in allocation for Mumbai flood management
- LNG infrastructure in the country being expanded
- Total fiscal stimulus during '08-09 is Rs 1,86,000 cr
- Set up a task force for farmer lending
- Allocation of Rashtriya Krishi Vikas Yojna stepped up by 30%
- Additional budget allocation to farmers
- Will ensure farm sector growth at 4%
- Need to strengthen improve regulatory framework
- Private investment has been the key growth driver
- FIIs have returned to India in last few months
- Print media stimulus package extended by six months
- Target for agriculture credit raised to Rs 3,25,000 cr in 2009-10
- Export Credit Guarantee scheme extended till March 2010
- Incentives in interest rates to farmers to pay back
- Agriculture loans in time
- Storm-water drainage project fund hiked to Rs 500 cr
- Blueprint for national gas grid
- IIFCL will refinance 60% of commercial bank loans in PPP
- IIFCL will look at new projects
- IIFCL will also look at incremental lending by banks
- JNNURM allocation hiked by 87 per cent
- Hike infrastructure investment to over 9% of GDP by 2014
- Fund alloction for urban poor accommodation is 3,973,000 cr
- Housing allocation hiked under Rajiv Gandhi Rozgar Yojana
- Trade in goods and services doubled in 2008
- Significant hike in foreign capital
- Need to reduce population below poverty line
- New company IIFCL to look at infrastructure needs
- Signs of revival in the domestic industry
- Fiscal stimulus gave economy a boost
- Govt took 3 stimulus packages to fight slowdown
Indian Union Budget Speech 2009 - 2010
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BEST PICTURE
- “Avatar” James Cameron and Jon Landau, Producers
- “The Blind Side” Nominees to be determined
- “District 9” Peter Jackson and Carolynne Cunningham, Producers
- “An Education” Finola Dwyer and Amanda Posey, Producers
- “Thee Hurt Locker” Nominees to be determined
- “Inglourious Basterds” Lawrence Bender, Producer
- “Precious: Based on the Novel ‘Push’ by Sapphire” Lee Daniels, Sarah Siegel-Magness and Gary Magness, Producers
- “A Serious Man” Joel Coen and Ethan Coen, Producers
- “Up” Jonas Rivera, Producer
- “Up in the Air” Daniel Dubiecki, Ivan Reitman and Jason Reitman, Producers
ACTOR IN A LEADING ROLE
- Jeff Bridges in “Crazy Heart”
- George Clooney in “Up in the Air”
- Colin Firth in “A Single Man”
- Morgan Freeman in “Invictus”
- Jeremy Renner in “The Hurt Locker”
ACTOR IN SUPPORTING ROLE
- Matt Damon in “Invictus”
- Woody Harrelson in “The Messenger”
- Christopher Plummer in “The Last Station”
- Stanley Tucci in “The Lovely Bones”
- Christoph Waltz in “Inglourious Basterds”
ACTRESS IN A LEADING ROLE
- Sandra Bullock in “The Blind Side”
- Helen Mirren in “The Last Station”
- Carey Mulligan in “An Education”
- Gabourey Sidibe in “Precious: Based on the Novel ‘Push’ by Sapphire”
- Meryl Streep in “Julie & Julia”
ACTRESS IN SUPPORTING ROLE
- Penélope Cruz in “Nine”
- Vera Farmiga in “Up in the Air”
- Maggie Gyllenhaal in “Crazy Heart”
- Anna Kendrick in “Up in the Air”
- Mo’Nique in “Precious: Based on the Novel ‘Push’ by Sapphire”
ANIMATED FEATURE FILM
- “Coraline” Henry Selick
- “Fantastic Mr. Fox” Wes Anderson
- “The Princess and the Frog” John Musker and Ron Clements
- “The Secret of Kells” Tomm Moore
- “Up” Pete Docter
ART DIRECTION
- “Avatar” Art Direction: Rick Carter and Robert Stromberg; Set Decoration: Kim Sinclair
- “The Imaginarium of Doctor Parnassus” Art Direction: Dave Warren and Anastasia Masaro; Set Decoration: Caroline Smith
- “Nine” Art Direction: John Myhre; Set Decoration: Gordon Sim
- “Sherlock Holmes” Art Direction: Sarah Greenwood; Set Decoration: Katie Spencer
- “The Young Victoria” Art Direction: Patrice Vermette; Set Decoration: Maggie Gray
CINEMATOGRAPHY
- “Avatar” Mauro Fiore
- “Harry Potter and the Half-Blood Prince” Bruno Delbonnel
- “The Hurt Locker” Barry Ackroyd
- “Inglourious Basterds” Robert Richardson
- “The White Ribbon” Christian Berger
COSTUME DESIGN
- “Bright Star” Janet Patterson
- “Coco before Chanel” Catherine Leterrier
- “The Imaginarium of Doctor Parnassus” Monique Prudhomme
- “Nine” Colleen Atwood
- “The Young Victoria” Sandy Powell
DIRECTING
- “Avatar” James Cameron
- “The Hurt Locker” Kathryn Bigelow
- “Inglourious Basterds” Quentin Tarantino
- “Precious: Based on the Novel ‘Push’ by Sapphire” Lee Daniels
- “Up in the Air” Jason Reitman
DOCUMENTARY (Feature)
- “Burma VJ” Anders Østergaard and Lise Lense-Møller
- “The Cove” Nominees to be determined
- “Food, Inc.” Robert Kenner and Elise Pearlstein
- “The Most Dangerous Man in America: Daniel Ellsberg and the Pentagon Papers” Judith Ehrlich and Rick Goldsmith
- “Which Way Home” Rebecca Cammisa
DOCUMENTARY (Short Subject)
- “China’s Unnatural Disaster: The Tears of Sichuan Province” Jon Alpert and Matthew O’Neill
- “The Last Campaign of Governor Booth Gardner” Daniel Junge and Henry Ansbacher
- “The Last Truck: Closing of a GM Plant” Steven Bognar and Julia Reichert
- “Music by Prudence” Roger Ross Williams and Elinor Burkett
- “Rabbit à la Berlin” Bartek Konopka and Anna Wydra
FILM EDITING
- “Avatar” Stephen Rivkin, John Refoua and James Cameron
- “District 9” Julian Clarke
- “The Hurt Locker” Bob Murawski and Chris Innis
- “Inglourious Basterds” Sally Menke
- “Precious: Based on the Novel ‘Push’ by Sapphire” Joe Klotz
FOREIGN LANGUAGE FILM
- “Ajami” Israel
- “El Secreto de Sus Ojos” Argentina
- “The Milk of Sorrow” Peru
- “Un Prophète” France
- “The White Ribbon” Germany
MAKEUP
- “Il Divo” Aldo Signoretti and Vittorio Sodano
- “Star Trek” Barney Burman, Mindy Hall and Joel Harlow
- “The Young Victoria” Jon Henry Gordon and Jenny Shircore
MUSIC (Original Score)
- “Avatar” James Horner
- “Fantastic Mr. Fox” Alexandre Desplat
- “The Hurt Locker” Marco Beltrami and Buck Sanders
- “Sherlock Holmes” Hans Zimmer
- “Up” Michael Giacchino
MUSIC (Original song)
- “Almost There” from “The Princess and the Frog” Music and Lyric by Randy Newman
- “Down in New Orleans” from “The Princess and the Frog” Music and Lyric by Randy Newman
- “Loin de Paname” from “Paris 36" Music by Reinhardt Wagner Lyric by Frank Thomas
- “Take It All” from “Nine” Music and Lyric by Maury Yeston
- “The Weary Kind (Theme from Crazy Heart)” from “Crazy Heart” Music and Lyric by Ryan Bingham and T Bone Burnett
SHORT FILM (Animated)
- “French Roast” Fabrice O. Joubert
- “Granny O’Grimm’s Sleeping Beauty” Nicky Phelan and Darragh O’Connell
- “The Lady and the Reaper (La Dama y la Muerte)” Javier Recio Gracia
- “Logorama” Nicolas Schmerkin
- “A Matter of Loaf and Death” Nick Park
SHORT FILM (Live Action)
- “The Door” Juanita Wilson and James Flynn
- “Instead of Abracadabra” Patrik Eklund and Mathias Fjellström
- “Kavi” Gregg Helvey
- “Miracle Fish” Luke Doolan and Drew Bailey
- “The New Tenants” Joachim Back and Tivi Magnusson
SOUND EDITING
- “Avatar” Christopher Boyes and Gwendolyn Yates Whittle
- “The Hurt Locker” Paul N.J. Ottosson
- “Inglourious Basterds” Wylie Stateman
- “Star Trek” Mark Stoeckinger and Alan Rankin
- “Up” Michael Silvers and Tom Myers
SOUND MIXING
- “Avatar” Christopher Boyes, Gary Summers, Andy Nelson and Tony Johnson
- “The Hurt Locker” Paul N.J. Ottosson and Ray Beckett
- “Inglourious Basterds” Michael Minkler, Tony Lamberti and Mark Ulano
- “Star Trek” Anna Behlmer, Andy Nelson and Peter J. Devlin
- “Transformers: Revenge of the Fallen” Greg P. Russell, Gary Summers and Geoffrey Patterson
VISUAL EFFECTS
- “Avatar” Joe Letteri, Stephen Rosenbaum, Richard Baneham and Andrew R. Jones
- “District 9” Dan Kaufman, Peter Muyzers, Robert Habros and Matt Aitken
- “Star Trek” Roger Guyett, Russell Earl, Paul Kavanagh and Burt Dalton
WRITING (Adapted Screenplay)
- “District 9” Written by Neill Blomkamp and Terri Tatchell
- “An Education” Screenplay by Nick Hornby
- “In the Loop” Screenplay by Jesse Armstrong, Simon Blackwell, Armando Iannucci, Tony Roche
- “Precious: Based on the Novel ‘Push’ by Sapphire” Screenplay by Geoffrey Fletcher
- “Up in the Air” Screenplay by Jason Reitman and Sheldon Turner
WRITING (Original Screenplay)
- “The Hurt Locker” Written by Mark Boal
- “Inglourious Basterds” Written by Quentin Tarantino
- “The Messenger” Written by Alessandro Camon & Oren Moverman
- “A Serious Man” Written by Joel Coen & Ethan Coen
- “Up” Screenplay by Bob Peterson, Pete Docter, Story by Pete Docter, Bob Peterson, Tom McCarthy
The 82nd Oscars will be presented March 7 in a ceremony airing on ABC from Hollywood’s Kodak Theatre. Hosting this year will be Steve Martin and Alec Baldwin. Martin will host for the third time, after previously presiding over the 73rd and 75th ceremonies, while Baldwin will host the show for the first time.
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Microsoft debuts Windows Phone 7 Series
Steve Ballmer, Microsoft's CEO, introduced the Windows Phone 7 Series as the next generation of Windows phone with a different kind of experience, as regards speed and how people connect seamlessly. Designed for life in motion, with holistic smart design system, breaking the mold of static icon - setting an integrated experience on a phone via the Windows hub. It offers an always-online access to email, Xbox game, Bing Search, among other tools.
The Bing search option comes with a special implementation that provides intent-specific search results based on the most relevant web or local contents. Also, the hubs - partitions in the software that enable users to group similar contents, delivers an engaging social experience from popular social networks like Facebook and Twitter. In all it has six hubs, built on specific themes reflecting individual user activities: Peoples, Games, Music + Video, Market Place, and Office.
Perhaps, most significantly, the Windows phone 7 series is a fresh start for Microsoft Mobile - as it struggles ahead of competitors, namely: Apple with iPhone, Research In Motion with BlackBerry and Google's Android. However, the phones will be available by the Shopping season Holiday - first Quarter 2010, according to the report. And customers can register for early availability notifications here.
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