Union Budget 2010: Pros and Cons

New Delhi, Feb 26: Finance Minister Pranab Mukherjee who had to do the balancing act between the aam admi and the economy growth presented the Union Budget 2010
filled with pros and cons.

Following are some of the positive and negative points of the Union Budget 2010:

Pros:

• Simplification of FDI policy to woo foreign investors
• Rs 300 cr proposed for Rashtriya Krishi Vikas Yojana
• 13 per cent hike in allocation for road transport
• Allocation to power sector doubled to Rs 5,130 crore
• NREGA allocation 40,100 cr
• No income tax upto Rs 1.6 lakhs and the revision of tax slabs
• Customs duty on gold ore to go down

Cons:

• 5 per cent customs duty on crude petroleum product
• Central Excise Tariff hike of Re 1/ litre on petro products
• Custom duties on certain products to lead to price rise in products such as Cars, ACs, TVs etc

OneIndia News