<h1>Union Budget 2008-09: Rs. 60,000 Crore Farmer Debt Relief, Tax Relief, Social Sector Boost, and Infrastructure Development.</h1> The Union Budget for 2008-09, presented by the Finance Minister, includes a Rs. 60,000 crore debt relief package for four crore farmers, increased spending on social sector schemes, and tax relief for income-tax payers. Key initiatives involve a new insurance scheme for unorganized sector workers, establishment of higher learning institutes and model schools, and a Rs. 16,000 crore allocation for the National Rural Employment Guarantee Scheme. The budget also focuses on agriculture, irrigation, education, health, and infrastructure development, with increased allocations for minority welfare, women and child development, and the North-Eastern region. Income tax exemption limits have been raised, and several changes in indirect taxes have been proposed.