Highlights of General Budget 2008-09

February 29th, 2008 - 5:36 pm ICT by admin  

New Delhi, Feb 29 (ANI): Following are the key points of Union Budget 2008-09 tabled by P Chidambaram.
Revenue Deficit will be 1.4 per cent Budget Estimate of 1.5 per cent
Sixth central pay commission to submit report by March
Rs 50 crores to be spent on tiger conservation
Rs 75 crores to ICCR for cultural development
Defence allocation hiked by 10% to Rs 1,05,600 crores
Rs 32,676 crore as subsidy to Public Distribution System (PDS)
Smart-card based PDS system in Haryana, Chandigarh
22 Sainik school allotted Rs 44 crores
Rs 75 crores to be spent on soil testing labs
Rs 15,000 crores for skill development programme
Permanent Account Number (PAN) required for all securities transactions
Plan to start a forex derivative market
More transparency in the derivative market
Risk Capital Fund to be set up in Small Industries Development Bank of India (SIDBI)
National Highway Development programme gets Rs 12,966 crores
Accelerated power development programmes to get Rs 8,000 crores
Banks to be encouraged to embrace total financial inclusion
Foreign investment up to 8 billion dollars expected for oil block exploration
Coal regulator to be set up
17 lakh families of weavers under Health Insurance
1 lakh broadband-enabled common service centres in villages
Rs 800 crores for power reforms Manufacturing growth rate to be taken to double digit
Rural Infrastructure Development Fund (RIDF) corpus to be hiked to Rs 14,000 crores
Total estimate of loans being waived is Rs 50,000 crores
Implementation of debt waiver scheme to end by June 30
Implementation of debt waiver scheme to end by June 30
Waiver amounts to 4 per cent of total bank loans
Rescheduled farm loans eligible for waiver
Marginal, small farmers to get full waiver on all loans
500 soil testing labs to be set up in the country
Scheme of debt waiver and debt relief for farmers
Allocation for National Rural Health Mission (NRHM) increased to Rs 12,050 crores
National Horticulture Mission gets Rs 1,100 crores
Weather-based crop insurance scheme to get Rs 50 crores
Rs 20,000 crores for irrigation projects under Accelerated Irrigation Benefits Programme
Special grant of Rs 20 crores to Tea Research Association
Rs 500 crores for micro irrigation schemes
More funds for cardamom, coffee growing
Rashtriya Krishi Vikas Yojana to get Rs 2,80,000 crores
53 minor irrigation programmes to be implemented
Target of Rs 2.80 lakh crores for agri-credit in 2008-09
Ministry of Woman and Child Development gets Rs 7,200 crores
24 per cent increase in allocation for child development
Rs 500 crores for development of border areas
Rs 1,042 crores for anti-Polio drive
Jawaharlal Nehru Urban Renewal Mission to get Rs 6,865crores
Allocation for Integrated Child Development Services increased to Rs 6,300 crores
Minority Affairs Ministry fund doubled to Rs 1,000 crores
288 Public Sector Banks (PSU) bank branches in minority districts
Rs 540 crores for development plan for minority districts
Rs 500 crores for corpus fund to subsidize schemes for women
Life Insurance Corporation of India to cover all women Self-help Groups linked to banks
Rs 12,050 crores for strengthening rural health services
Sanitation programmes to get Rs 1200 crores
More minority recruitments in central para-military forces
Public Sector Undertakings allotment hiked by Rs 6,300 crores
Rs 300 crores for desalination plant near Chennai
Rs 75 crores for Rajiv Gandhi National Fellowship Programme
National Handicapped Development Corporation to get Rs 9 crores
National Minorities Development Corporation to get Rs 75 crores
Allocation for North East schemes up from 14,365 crores to 16,400 crores
The National Rural Employment Guarantee (NREG) scheme to be rolled out in 596 districts
National Rural Health Mission allocation hiked by 15%
Remuneration of Anganwadi helpers hiked to Rs 750
Remuneration of Anganwadi workers hiked to Rs 1,500
National Programme for the Elderly to be set up
Rs 30,000 health cover for every worker in unorganised sector
2 more schools of Planning and Architecture
Secondary education Scheme to get Rs 4,554 crore
Services Sector to grow at 10.7 per cent
3 IITs in Andhra Pradesh , Bihar and Rajasthan
16 central universities to be set up
Mid-day meal scheme extended to upper primary classes
Budgetary allocation for mid-day meal scheme Rs 8,000
16 central universities to set up
10 crores for Nehru Kendras in 110 districts Rs 34,400 crores budgetary allocation for education
Sarva Shiksha Abhiyaan gets Rs 13,100 crores
Bharat Nirman Programme gets allocation of Rs 31,280 crores
410 Vidyalayas in villages Education, health pillars of social sector reforms Budget 08-09 about raising our sights, doing better
Capital inflows in excess of economic deficit
Chidambaram confident of maintaining 8 per cent growth
Impact of global markets on local markets unclear
Government and Reserve Bank to jointly work to check capital inflow
Government will monitor foreign fund inflow
Agriculture credit doubled in first 2 years of UPA rule
Inflation will be checked
Sustained progress thanks to economic reforms
Launched Rashtriya Krishi Vikas Yojna
Total output of foodgrains 219.32 million tonnes Growth rate is 8.8 per cent (ANI)

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |