Today, on 26th February, FINANCE MINISTER Mr. Pranab Mukherjee is announcing the Union Budget 2010 at Lok Sabha, in Delhi. The Budget 2010 is anticipated to offer some relief to those countrymen who are suffering from inflation whereas some new sops are hoped by the corporates from the Finance Minister.

In this Union Budget 2010-11, the FM will have to execute an immense performance in balancing the aspirations of the country and also make sure about the economic growth. Some vital highlights and facts of the Live Budget 2010 are being delivered at the Parliament House.

Highlights of Union Budget 2010-11:

In the Live Budget 2010, FM has said for the simplification of tax filling Saral 2 forms will be rolled out in 2010. He too declared government subsidy for fertilizes and oil in cash and proposed to take it in fiscal accounting.  [smartads]

In Budget2010-11, he disclosed that the Net Market Borrowing stands at 345010 crores, fiscal deficit at 5.5 percent and the revised fiscal arrears at 6.9 percent. He let us know about the 15 percent enhance in plan expenditure and 6 percent rise in non-plan expenditure.

As per disclosing the Union Budget2010, FM told that Advance tax receipts are estimated at Rs 746651 cr; while Net tax revenue receipts at Rs 14118 cr.

For the defence forces there is the good news that their allocation has been increased from Budget 2009 by Rs 147344 cr, Rs 60000 funded for defence expenditure as part of the this year Budget 2010.

In today’s Budget news of 2010-11, FM has planned 1900 crore for UID authority. He increased financial assistance in repayment of farmer loans by 5 percent, while for affordable housing FM anticipated 1 percent interest subsidy.

In the live Budget 2010, for the minorities the FM funded 2600 crores, whereas the allotment for NREGA has been raised by Rs 40100 cr. The Union Budget 2010-11 allotted 22300 crore by providing an impulsion to health care, while 35 percent of the expansion funds will be invested in the rural areas of INDIA.