Home / Knowledge / News / Textiles / Interim Union Budget Snippets 2009-2010
Interim Union Budget Snippets 2009-2010
16
Feb '09
The Minister for External Affairs, Shri Pranab Mukherjee, who is holding the additional charge of the Finance Ministry, has just risen in the Parliament to read his Union Budget (Interim) 2009-2010.

Fibre2fashion is privileged to bring his announcements and declarations on the Budget for the coming fiscal, live.

Following are the highlights of Pranab Mukherjee's presentation of the Union Budget (Interim) 2009-2010:

- World economy may fare worse in 2009 than 2008

- Need to revert to fiscal consolidation at earliest

- Gross domestic saving rate at 37.7%, Widening of fiscal deficit

- Sustained growth over 9% in last 4 years

- Government to provide interest subsidy to farmers in FY10

- Growth of 7.1% GDP makes India 2nd fastest growing economy

- May need to consider addl fiscal measures in next full budget

- To expand schemes for employment

- Tax rates must fall during crisis time

- Govt decided to relax FRBM targets

- Govt revises fertiliser subsidy to Rs 44,863 cr vs Rs 95,000 cr

- FY10 Budget revenue deficit seen at 4%, fiscal deficit at 5.5%

- Higher education for all

- Interest subvention for some export loans extended

- Rs. 953,231 crore expenditure proposed for 2009-10

- Interest subvention of two per cent on pre and post shipment credit for certain employment oriented sectors like textiles (including Handlooms and Handicrafts), carpets, leather, gem and jewellery, marine products and SMEs has been extended till September 30, 2009 from March 31, 2009.

Fibre2fashion News Desk - India


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search