Union Budget 2007-2008

UNION BUDGET 2007-2008

BENEFICIARY

HIGHLIGHTS

Education:

1 lakh scholarships for class 9-12 students to check drop outs.

Rs 7324 crore for mid-day meal scheme.

Rs 750 crore for national scholarship scheme.

Five lakh class rooms to be added in 2007-08.

Two lakh teachers to be appointed in 2007-08.

Health:

Outlay for health increased by 21.9%.

Rs 1290 crore for the elimination of polio.

Allocation for control of HIV/AIDS hiked to Rs 969 crore.

Women:

Gender budget in 27 ministries.

Rs 8795 crore will be invested on special programmes.

Diamonds and Jewellry would be cheaper.

Synthetic textiles, low priced cement, edible oils, diamonds, imported pet food, medical equipment, watches, plywood, footwear, umbrellas, biscuits, food mixer should cost less.

Consumers:

Gain:

Peak customs duty on non-agricultural products brought down from 12.5% to 10%.

Synthetic textiles, low priced cement, edible oils, diamonds, imported pet food, medical equipment, watches, plywood, footwear, umbrellas, biscuits, food mixer should cost less.

Pain:

Cigarettes, Tobacco- Based pan masala and bidis, and at the upper end, private aircraft to cost more.

Senior Citizens:

Exemption raiser from Rs.185,000 to Rs 195,000 giving a relief of Rs 2000 in income tax.

Deduction in medical insurance premium under section 80D raised to Rs 20000.

Senior Citizens who are house owners can get monthly income against mortgage.