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Budget updates 1st hour

Posted on 29 February 2008,    
 3189    Share  Report

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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