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Rediff.com  » Business » Infographics: Pranab's 'gift' to aam aadmi
This article was first published 15 years ago

Infographics: Pranab's 'gift' to aam aadmi

Last updated on: July 6, 2009 

Image: Marginal hike in exemption limit.
Photographs: Courtesy, KBK Graphics
Giving relief to individual taxpayers, the government on Monday raised the income tax exemption limit by Rs 10,000 for general taxpayers, and by Rs 15,000 for senior citizens.

Pranab's 'gift' to aam aadmi

Image: Sensex tanks.
Photographs: Courtesy, KBK Graphics

It was the worst Budget day for Dalal Street with the Bombay Stock Exchange index plunging over 869 points on concerns of widening fiscal deficit.

Pranab's 'gift' to aam aadmi

Image: Defence Budget hiked.
Photographs: Courtesy, KBK Graphics

In Budget 2009, the defence services have been allocated Rs 141,703 crore (Rs 1,417.03 billion) for 2009-10, a 34 per cent hike from 2008-09.

Pranab's 'gift' to aam aadmi

Image: Indirect tax rates unchanged.
Photographs: Courtesy, KBK Graphics

The government realised a low indirect tax revenue at around Rs 2.81 lakh crore (Rs 2.81 trillion) in 2008-09 against budget estimates of Rs 3.21 lakh crore (Rs 3.21 trillion).

Pranab's 'gift' to aam aadmi

Image: Non-tax revenue receipts, is likely to be better.
Photographs: Courtesy, KBK Graphics

The revenue deficit is projected at 4.8 per cent of GDP.

Pranab's 'gift' to aam aadmi

Image: Fiscal deficit to rise.
Photographs: Courtesy, KBK Graphics.

The Centre's fiscal deficit is estimated to be 6.8 per cent of GDP in 2009-10 against the low of 2.5 per cent projected for the previous fiscal a year ago.

Pranab's 'gift' to aam aadmi

Image: Subsidy bill to fall.
Photographs: Courtesy, KBK Graphics.

The government's subsidy bill on food, fertiliser and petroleum, among others, will fall by about Rs 18,000 crore (Rs 180 billion) at Rs 111,275 crore (Rs 1112.75 billion) this fiscal, mainly due to sharp reduction in the urea dole-outs.

Pranab's 'gift' to aam aadmi

Image: Interest subvention extended.
Photographs: Courtesy, KBK Graphics.

With a view to insulate the employment-oriented export sectors from the global meltdown, the finance minister, has extended the interest subvention scheme beyond the current deadline of September 30, 2009.