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Budget highlights 7

Source : IANS
Last Updated: Thu, Feb 28, 2013 06:50 hrs

Capital infusion of Rs.12,570 crore in 13 public sector banks during 2012-13; another Rs.14,000 crore for capital infusion in 2013-14 to meet Basel-3 norms

First exclusive public sector bank for women to be opened by October; Rs.1,000 crore allocated as initial capital

Hope for consensus on bills relating to insurance sector reforms

All public sector bank branches to have ATMs

Act to strengthen SEBI in its silver jubilee year under consideration

Ambiguity between FDI and FII to be removed

Two new ports to be set up in West Bengal and Andhra Pradesh to add 100 million tonnes handling capacity

Gas handling terminal at Dabhol in Maharashtra to be fully operational during 2013-14

State governments urged to sign restructuring plans with electricity discoms

Tax-free infrastructure bonds of Rs.50,000 crore to be issued

Textile ministry allocated Rs.50 crore for establishing apparel parks

Handloom sector allocated Rs.96 crore to benefit 150,000 weavers

Infrastructure debt funds to be encouraged

Regulator to be appointed for road projects; 3,000 km of road projects to be awarded in first six months of 2013-14

Incentive allowance of 15 percent over and above permitted depreciation to those investing over Rs.100 crore in infrastructure projects

Rajiv Gandhi Equity Scheme to be liberalised

Seven new cities identified along Delhi-Mumbai Industrial Corridor

Preliminary work begun on Bangalore-Mumbai Industrial corridor

Foodgrain production during 2013-13 estimated at 250 million tonnes

Rs.500 crore allocated for promoting crop diversification

Rs.200 crore allocated for promoting nutrient-rich crops

Rs.50 crore allocated for farmer-producer organisations

National Livestock Mission to be launched with allocation of Rs.307 crore

Hope parliament will pass food security bill; Rs.10,000 crore allocated for initial expenditure on implementation

Human resource development ministry to get Rs.65,867 crore

Rs.13,250 crore allocated for midday meals scheme

Rs.17,700 crore allocated for Integrated Child Development Scheme

Drinking water and sanitation ministry allocated Rs.15,260 crore

Allocation of rural development ministry allocation raised by 46 percent to Rs.80,294 crore; Rs.33,000 crore for rural jobs scheme

Budget expenditure for 2013-14 at Rs.16 lakh 65,297 crore; plan expenditure at Rs.5 lakh 55,224 crore

Rs.41,000 crore for Scheduled Caste plan

Rs.97,000 crore for women's development

Rs.110 crore for department of disabilities

Rs.37,330 crore for health ministry

Average growth during UPA-1 was 8 percent; high growth not a novelty

Current account deficit a worry because of high oil and gold imports

Will need $75 billion to finance current account deficit

Need to encourage FDI in consonance with economic priorities

WPI inflation down to 7 percent; food inflation worrying.




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