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Annual Budget: 2010-2011

Friday, 26 Feb 2010
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Pranab Mukherjee, Union Minister for Finance, on 26 February 2010 presented Union Budget for 2010-2011

Some of the highlights are:

  • To allocate Rs 10,000 crore to Indira Aawas Yojana
  • Allocation for power sector at Rs 5,130 crore in FY11
  • Allocation for road infrastructure raised to 19,894 crore
  • Allocated Rs 66,100 crore for rural development
  • Rs 1,73,552 crore provided for infrastructure.
  • Need to take firm view on opening up of the retail.
  • One-time grant of Rs 200 crore provided to Tirupur textile cluster in Tamil Nadu.
  • Allocation for new and renewable energy ministry.
  • Clean Energy Fund to be created for research in new energy sources.
  • Rs 500 crore allocated for solar and hydro projects for Ladakh region.
  • Alternative port to be developed at Sagar Island in West Bengal.
  • Allocation for National Ganga River Basin Authority doubled to Rs 500 crore.
  • Government for competitive bidding for coal blocks for captive power plants.
  • Mega power plant policy modified to lower cost of generation; allocation to power sector more than doubled to Rs 5,130 crore in 2010-11.
  • Government proposes to set Coal Development Regulatory Authority.
  • Propose to maintain thrust of upgrading infrastructure in rural and urban areas. IIFCL authorised to refinance infrastructure projects.
  • Interest subvention for timely repayment of crop loans raised from one per cent to two per cent, bringing the effective rate of interest to five per cent.

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