Finance Minister is presenting Union Budget 2006 today.
Here are the highlights as on 1.00 pm

  • 12 textile industry parks to be set up
  • An allocation of Rs 189 crore provided for this
  • A National Jute Board to be set up
  • Like woolmark, there will be a handloom mark to certify quality
  • A window to be created for equity participation and viability gap funding for the growth of sunrise IT sector
  • Tax rationalisation for jewellary and gems import
  • Food Processing Sector to be a priority sector for bank credit
  • 15 tourist areas to be developed
  • Services sector put on par with manufacturing sector
  • SMEs in service sector to get the status of SSI in manufacturing sector
  • Rs 1500 cr allocation to boost telephone connectivity
  • Plan allocation for shipping up 37 pc
  • Bill on cellular telephony in rural areas soon
  • 40,000 more villages to be electrified under Rajiv Gandhi Gramin Vidhyutikaran Yojana
  • 82 power projects are in various stages of implementation in the country to overcome power shortage
  • Work on to identify a deep draft port in West Bengal
  • To promote India as a semi-conductor hub
  • Introduction of a comprehensive bill on insurance in 2007
  • Biotechnology will be the big focus in FY 06-07
  • 180 items to be de-reserved from SSI list
  • Thrust industries: textile and food processing
  • Rs 97 crore for upgrading IITs
  • FII investment limit in stock markets will be raised from $1.75 billion to $2 billion
  • National e-governnace plan to be approved shortly
  • Telephone connection on demand in rural areas in three years
  • Raise in the aggregate investment of overseas investors from $1billion to $1 billion
  • An investment protection fund under the aegis of SEBI would be set up
  • Rs 100 crore special grant for Punjab Agricultural University
  • Food fertilizer and petroleum industries to be under subsidies
  • Defence budget raised to Rs 89,000 crore in 2006-07 from Rs 83,000 crore last year
  • Rs 37,458 crore would be capital expenditure in defence

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    Read full text of Union Budget 2006-2007

    Read highlights of Union Budget 2006-2007

    Budget’s technical jargon

    Budget 2006 – Complete coavarage

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