Union Budget Live, Highlights
The Indian Finance Minister Pranab Mukherjee presented teh union Budget for 2009-2010 .
“The first challenge is to return the GDP growth rate of 9 percent per annum at the earliest,” Mukherjee said in his address to parliament. “The second challenge is to deepen and broaden the agenda for inclusive development.”
- Pranab Mukherjee ends Budget speech by quoting the Mahatma
- Excise duty on fibre for cheaper cloth reduced
- Service tax to be levied on law firms
- Excise duty on petrol-driven small trucks reduced to 10%
- 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
- Mobile phone accessories to become cheaper
- Branded jewellery for women to become cheaper
- Sensex crashes 600 points
