Some important aspects from the budget of India are as follows:
· I-T exemption limit up by Rs. 15000 from Rs. 2.25 lakh to Rs. 2.40 lakh for senior citizens (65 years and above).
· Rose by Rs. 10000 from Rs. 1.80 lakh to Rs. 1.90 lakh for women.
· Fringe benefit tax abolished.
· Plan to move to a system of direct transfer of subsidy to farmers in due course.
· Experts to study pricing of petro products, Blueprint on long-distance gas pipeline.
· Quality of Defense up from Rs 1, 05,600 crore in 2008-09 to Rs 1, 41,703 crore.
· Focus on national mission for female literacy on minorities, marginalized groups.
· Service tax to be imposed on cosmetic and plastic surgery service.
These are only few important aspects of budgets. There are lots of other valid measures taken. For further details have a look at the budget details from Government of India.
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