Union Budget 2010 has been an exercise to balance growth and taxes, costs & prices as said by FM ... Inflation is very much a cause for concern !
Being a Sustainable Development, Environment & Energy Specialist, I find somethings to cheer about ...
Although they are well meaning, It will depend upon effective implementation,
Need to provide food security, health care for all
Need to make development more inclusive
To establish National Clean Energy Fund
Increase outlay for higher education
Plan outlay for renewable energy raised to Rs 1000 cr
Rs 48000 cr allocated for Bharat Nirman
Rs 66100 cr allocated for rural development
To allocate Rs 22300 cr to Health Ministry
Increase allocation to NREGS and other welfare schemes
Weakness in govt system still a challenge
Lower tax burdens on individuals
Exempt carbon credit income earned from renewable energy
5% Customs Duty cut on setting up of solar power plant,
Excise duty on CFL products reduced to 4%
Excise duty on photovoltaic & solar panels waived
For wind power making rotors
Conducive eco-system for SMEs needed
Increase subsidy for solar energy to Rs 16/unit
UIDA to roll out 1st set of IDs by end of this year
