Budgetary support increased for Ministries of Rural Development, Road Transport & Highway, Power, Railways, Industrial Policy & Promotion and IT. Will return to FRBM targets when economy is on track 15 point programme for welfare of minorities set up. Food, fertiliser and petroleum subsidies to go up Defence allocation hiked to Rs 141,703 cr Central planned expenditure hiked to Rs 2,82,957 cr Rs 8,300 cr allocated for mid-day meal scheme 2 per cent interest subvention for export credit. Rajiv Gandhi Rural Drinking Water Mission gets Rs 7,400 crore in 2009-10. Central plan increased for host of areas like telecom, rural development Flagship NREGA scheme gets Rs 30,100 crore in 2009-10 Allocation for JNNURM programme raised to Rs 11,842 crore. Rs 13,100 cr earmarked for Sarva Shiksha Abhiyan Rs 4,900 cr allocation under Bharat Nirman Aim to increase job opportunities to 12 million/year Infrastructure investment to be raised to over 9 per cent of GDP. Budget estimate for expenditure 09-10 put at Rs 953,231 crore. NPAs for PSU banks falls to 7.3 per cent in 2008-09. 55 loss making PSUs against 73 when UPA took over. 2008-09 tax collection to exceed previous year Revised tax estimates at Rs 6.2 lakh crore against Rs 6.80 lakh crore. Rs 8,000 cr sanctioned for mid-day meal scheme during 2009-10. Total expenditures estimated at Rs 9.90 lakh crore versus Rs 7.50 lakh crore. FY09 revenue deficit 4.4% vs 1% estimate FY09 fiscal deficit @ 6% of GDP Tax collections down by Rs 60,000 cr over budget estimates for 2008-09 Budget presentation resumes House adjourned for 10 minutes JDS MP Virender Kumar unwell Revised budget estimates 2008-09 increased to Rs 909,053 cr from Rs 750,884 cr. Distortions in tax structure have been reduced Rs 632 cr provided for recapitalisation of RRBs Significant improvement in health of PSU banks State run PSEs profit up 72 per cent in 2008-09. NPAs for PSU banks falls to 7.3 per cent in 2008-09 PSU turnover up 84% Dividend contribution from PSUs increased by 86% 3.6 crore households gained from waiver Adhoc grants increased by 50% Pension schemes for widows, severely disabled launched 6 new IIMs to be operational by 2010 60.4 lakh houses constructed under Indira Awas Yojana during the year 2 more IITs in M.P. and Rajasthan Student loans increased from Rs 4,500 cr on March 31, 2004 to Rs 24,260 cr as on September 30, 2008 Educational loan scheme revised Outlay for higher education hiked by 900% Govt's highest priority to rural sector Committed to ensuring food security Steps to bring back 9% growth needed Farm, SVCs, manufacturing are growth drivers FRBM targets relaxed to boost consumer demand Credit disbursement up three fold. Rs 13,500 cr agricultural revival package implemented in 25 states FDI inflows $23.3 bn in Apr-Nov up 45% Govt to consider more fiscal measures. Medium term target is to return to fiscal consolidation Debt waiver of Rs 65,300 cr till now. Agriculture credit disbursement has gone up Agriculture credit has been increased by three fold to Rs 2,50,000 crore  Plan allocation to agriculture up 300% Employment generation schemes have to be expanded Need to revert to fiscal consolidation soon Extension of export credit for labour-intensive projects 37 infrastructure projects worth Rs 70,000 cr cleared Govt okayed 27 infrastructure projects between August 2008 - January 2009.  In-principle nod for 50 infrastructure projects worth Rs 67,700 cr India Infrastructure Co to re-finance 60% of projects Inflation rate fell to 4.4% on Jan 31, 2009 Revenue deficit cut from 3.6 per cent to 1.1 per cent Slow down in export growth to 17.1% for last 9 months  Boost to public- private partnership projects through higher viability gap funding India second-fastest growing economy@7.1% growth Agriculture annual growth rate 3.7%  Farmers to get loans upto Rs 3 lakhs at 7% Investment as per cent of GDP rose to 29 per cent in 2007-08 from 27.6 per cent. Foreign trade at 35.5% of GDP Export growth at 26.4% annually in last 4 yrs Tax-GDP ratio at 12.5 per cent in 2007-08. Industrial production has fallen by 2 per cent India has weathered the global crisis Global economy will fare worse in 2009 than in 2008 Export growth down to 17.1 per cent. Grain production encouraging for coming year Per capita income grew 7.4% Real heroes of our economy are farmers Fiscal revenue down Average growth rate of agri @  3.7%. Consistent 9% growth over three years Pranab begins Budget speech Pranab to present interim Budget at 11 am Pranab Mukherjee to present Union Budget