Budget snapshot

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 12:11  : 294 more cities to be connected by FM Radio: FM
 12:08  : 289 FM radio channels to be auctioned in FY14: FM
 12:06  : Increase allocation for defence to 2.36 lakh cr: FM
 12:05  : Low cost finance provided for viable renewable energy projects
 12:05  : Generation-based incentives for wind energy projects: FM
 12:05  : ETFs will be eligible for pension, insurance investment: FM
 12:04  : Insurance, pension companies can directly trade in debt segment: FM
 12:02  : FII participation subject to forex exposure: FM
 12:02  : Stock exchanges can introduce a dedicated debt exchange: FM
 12:01  : FII will be allowed to participate in currency derivatives segment: FM
 12:01  : To follow international best practices for Diff B/w FII, FDI: FM
 12:00  : SEBI to simply procedures for FIIs, unify categories of FIIs: FM
 12:00  : Proposal to amend SEBI Act under consideration: FM
 11:58  : Sincerely hope the PFRDA & Insurance bill can be passed: FM
 11:58  : KYC of banks will be sufficient to acquire insurance policies: FM
 11:57  : Insurance companies will be empowered to open branches in tier II cities without prior IRDA approval: FM
 11:57  : 2000 cr to be allotted to urban housing fund: FM
 11:56  : Propose to start a fund for urban housing: FM
 11:56  : 6000cr allotted to rural housing fund in FY14: FM
 11:55  : To provide Rs 14,000 cr for Public Sector Bank recap: FM
 11:54  : To provide '1,000 cr initial capital to All-Women's Bank: FM
 11:54  : All-women's bank to be set up via public sector: FM
 11:53  : Capital infusion of Rs 12517 cr to PSU banks by March 2013: FM
 11:52  : To provide Rs 14,000 cr for PSB recap: FM
 11:52  : To constitute panel on transaction costs, financial policies: FM
 11:49  : To allot Rs 2,400 cr for textile technology upgradation: FM
 11:48  : 500 cr given to SIDBI to act guarantee to a factoring fund: FM
 11:47  : To increase refinancing of SIDBI to help MSME: FM
 11:46  : To encourage PPP projects along with Coal India: FM
 11:46  : Income limit for RGESS raised to Rs 12 lakh from Rs 10 lakh: FM
 11:45  : Need to reduce dependence on imported coal: FM
 11:45  : Coal imports estimated to rise to 185 million tonnes in 2016: FM
 11:44  : Blocked NELP blocks to be cleared: FM
 11:44  : To announce policy on shale gas based on revenue sharing: FM
 11:43  : Inflation-indexed bonds to be announced on June 1: FM
 11:42  : Work on Bengaluru Mumbai industrial corridor to begin shortly: FM
 11:42  : Seeks assistance of World Bank, Asian Devt Bank to build roads in north east states connect to Myanmar: FM
 11:42  : House loans upto Rs 25 lk will be allowed additional deduction of interest of 1 lk: FM
 11:42  : Propose to introduce inflation index bonds or security certificates: FM
 11:41  : Rajiv Gandhi scheme is extended to mutual funds: FM
 11:40  : Investment allowance of 15% for investments above '100 cr: FM
 11:40  : Rajiv Gandhi equity saving scheme to be liberalised: FM
 11:39  : 3000 km of road projects will be awarded in first 6 months of FY14: FM
 11:39  : Allocation for integrated water programme from 3,050 cr to 5,387 cr next year: FM
 11:38  : Indian Institute of Agri-Biotechnology to be established at Ranchi, Jharkhand: FM
 11:38  : CCI to take up more projects shortly: FM
 11:37  : To encourage infra debt funds to boost infra growth: FM
 11:37  : 5000 cr will be made available to NABARD to finance agri produce storage: FM
 11:37  : To constitute regulatory authority for roads sector: FM
 11:36  : Expect to raise Rs 25,000 Cr via tax-free bonds in FY13: FM
 11:36  : Some companies can issue tax free bonds upto Rs 50,000 cr for Infra: FM
 11:35  : IIFCL and ADB will offer credit enhancement to help infra companies tap bond mkt: FM
 11:35  : 4 IDF's have been registered with SEBI, 2 will be launched soon: FM
 11:34  : Infra debt funds are encouraged to promote investment in infrastructure: FM
 11:34  : 55 lk crore earmarked for infra in the 12th plan: FM
 11:33  : To allocate additional Rs 10,000 cr for food security bill in FY14: FM
 11:31  : Food security bill is the promise of the UPA government: FM
 11:29  : Eastern states to get Rs 1000 cr for green revolution: FM
 11:28  : 4% farm loan scheme extended to private sector banks: FM
 11:28  : Interest subvention on farm loans repaid on time to continue: FM
 11:27  : Interest subvention on crop loans to continue: FM
 11:27  : Rs 27,049 to Ministry of Agriculture; up 22% YoY: FM
 11:26  : JNNURM will help in purchase of Rs 10000 buses by hilly stations: FM
 11:25  : To allot Rs 14,873 cr for JNNURM: FM
 11:25  : 80,194 cr allocated to Rural Development Ministry; 46% hike from FY13: FM
 11:24  : 46% hike in Rural Development spending: FM
 11:23  : Allocate Rs 15,260 cr towards clean drinking water & sanitation: FM
 11:23  : 33,000 cr allocation for MGNREGS: FM
 11:22  : Clean drinking water towards Rs 15,260 cr: FM
 11:21  : Allocation of Rs 13215 cr towards mid-day meal scheme: FM
 11:21  : To allott Rs 37333cr for health, family welfare in FY14: FM
 11:20  : Education cos shares up 3-5%; govt to promote youth skills for jobs: FM
 11:20  : Rs 65867 cr allocated to ministry of human resources: FM
 11:19  : 17% hike in allocation to education: FM
 11:16  : To allot 24598cr to the tribal sub-plan: FM
 11:15  : FY14 plan expenditure at 5.53 lk crores: FM
 11:15  : FY14 Gender budget has Rs 97134 cr: FM
 11:15  : 41561cr allocated for scheduled cast sub plan: FM
 11:14  : Total expenditure is 16.6 lakh cr for FY14: FM
 11:13  : FY14 Planned expenditure to be 29.4% more than FY13: FM
 11:13  : Total expenditure is 96% of the earlier budgeted expenditure: FM
 11:12  : Foreign investment is an imperative to finance CAD: FM
 11:12  : Have to rationalise expenditure to reduce fiscal deficit: FM
 11:11  : No choice but to rationalise spending: FM
 11:11  : Estimate of plan expenditure was too ambitious in 2013: FM
 11:11  : Need to augment supply side to tame food inflation: FM
 11:11  : WPI is down to 7% and core inflation down to 4.2%: FM
 11:10  : India needs to encourage foreign investments: FM
 11:10  : Food inflation is worrying : FM
 11:09  : Need $ 75 bn to finance CAD: FM
 11:09  : Greater worry is CAD that continues to be high: FM
 11:08  : CAD bigger worry than Fiscal Deficit: FM
 11:08  : Achieving high growth not beyond our capacity: FM
 11:08  : UPA believes in inclusive growth and emphasis human development: FM
 11:08  : CSO estimated GDP growth at 5% in FY13: FM
 11:06  : Getting back to 8% growth rate is challenge for the country: FM
 11:06  : China & Indonesia growth rate faster than Indian growth: FM
 11:06  : Confident that country can get onto high growth path: FM
 11:06  : Final GDP growth rate would be lower than CSO, RBI Est: FM
 11:05  : RBI estimated GDP growth of 5.5% in FY13: FM
 11:05  : Global eco growth slowed to 3.2% in FY12 vs 3.9% (YoY): FM
 11:04  : Not unaffected by what is happening in rest of the world: FM
 11:04  : Global crisis spared none: FM

 

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