P. Chidambaran presents his 7th Union budget and puts down the following points:
GDP at present- 8.8%
Concern throughout- Inflation in Cheack is the cornerstone of the policy .
Capital Inflow needs to be managed
Govt, RBI to jointly take temporary steps to manage capital inflows
capital inflows in excess of Economic Deficit.
Gross Budgetary Support F/y-09 Rs.2.4 Lakh crores
Education,health allocation up by 20%
Iits to be set up in bihar,andhra pradesh and rajasthan
Health outlay up by 15%
3 Iisc to be set up in bhopal and trivandrum
Education 34,400 crore
Bharat nirman 31,281 crores
Sarva siksha 13,100 crores
Mid day meal 8,000 crores
Rajeev gandhi drinking water mission-7,300 crores
NREGS to be extended to all districts-16,000 crores
Health outlay up by 15%
16 central universities to be set up
National rural health mission allocation up by 15%
Allocation of 100 crores to it ministry
ICDS allocation hiked to 6,300 crores
2 national institutes for ageing
MInority outlay doubled
Gross budegetary support up by 38,000 crores
RS 540 crores for minority dominated districts
288 PSU branches to be set up in backward areas
RS 11,460 crores for women development schemes
Rs 500 crores for development of border areas
Urban renewal allocation plan up by 25%
Agri cultural credit target at 2,80,000 crores
750 irrigation in fy09 and 20 major projects
20 crores to tea research industry
north-east to get 15% more funds
Irrigation outlay up by 80%
For marginal farmers that is holding up to 1 hectare and small farmers upto 2 hectares complete loan waiver.
One time settlement scheme for all other farmers
Waiver amounts to rs. 50,000/- crore
Agricultural loans restructured earlier will also be legible for complete waiver or relief as the case may be.
Planned Additional Rs.10,000/- Crore Capital expenditure.
Loan waiver amounts to 4% of the bank loans.
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