KEY FEATURES OF BUDGET 2009-2010
Challenges
* To lead economy to high GDP growth rate of 9% per annum at the earliest
* To deepen and broaden the agenda for inclusive development
* To improve delivery mechanisms of the government.

Overview of the economy
* Growth rate of Gross Domestic Product dipped from an average of over 9% in the previous three fiscal years to 6.7% during 2008-09.
*...

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  • Life saving drugs, LCD TV cheaper; Set-top-box turns costlier
    Presenting the Union Budget for 2009-10, Finance Minister Pranab Mukherjee Monday proposed reduced customs duty on life saving drugs to 5% from existing 10%. Liquid crystal display (LCD) TVs would also attract the lower 5% customs duty, making the product cheaper.

    Mukherjee, however, has imposed 5% customs duty on set-top boxes used for Direct-To-Home television service.

    He also...

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  • Dash for Cash

    What a difference a few months can make in a world of globalised money. About seven months ago, businessmen all over the world were crying about the liquidity crunch. To deal with that, quantitative easing came to be the buzzword among central bankers, as they flooded the banking systems with billions of dollars. Now, the pendulum has swung to the other extreme. Following almost a 100% rise in...

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