Highlights of the Interim Budget:-

The acting Finance Minister, Mr Pranab Mukherjee has reconfirmed the various achievements and incentives extended by his government, in the Interim Union Budget 2009-10. Agriculture, services, manufacturing, trade and construction sectors were declared as the major growth drivers. The budget highlighted the impact of global inflation, economic recession and financial slowdown on the Indian economy.

Further, the sectors that have been focussed upon in the interim budgetary allocation are rural development, infrastructure, information technology, education, defence and banking.

• No changes have been proposed in the interim budget in respect of taxation rates.
• More power and enforcements to regulatory bodies associated with securities markets.
• Substantial reforms for women and children.
• Reforms and schemes for farmers.

For the entire budget speech, please click here.