Monday, February 17, 2014

Interim Budget 2014

GDP growth rate in Q3 and Q4 of 2013-14 will be at least 5.2%

Average growth under UPA-I was 8.4 per cent and UPA-II 6.6 per cent: GDP growth rate in Q3 and Q4 of 2013-14 will be at least 5.2%
PSUs to achieve record capex of Rs 2,57,645 crore in 2013-14. Drinking water and sanitation ministry gets Rs. 15,260 cr; Social Justice and Empowerment gets Rs. 6730 cr: Chidambaram.
19 oil blocks were given out for exploration and 7 new airports are under construction.
I have kept Rs. 5,55,322 cr for plan expenditure.For Ministry of Housing & Poverty Alleviation-Rs. 6000 crore;Rs. 21k cr to Ministry of WCD,said  Chidambaram.
Ministry of HRD gets Rs. 67,398 crore. Non-lapsable Rs 1,000 crore for Nirbhaya fund for safety and dignity of women: Chidambaram.
Panchayati Raj Ministry to get Rs 7,000 cr. High allocation for food subsidy to enable roll out of the Food Security Act.
Railways need to mobilise support through market borrowing: Budgetary support to railways has been increased to Rs 29,000 crore.
Gender budget has Rs. 97,000 crores and child budget Rs. 87,000 crores:
The allocation for the Defence Ministry has been increased to Rs. 2,24,000 crores
Rs.1,200 crore to be released for additional assistance to the north-eastern states this fiscal: Chidambaram
Today we have more than 3.9 lakhs of rural roads. Health allocation has also been increased:
Expenditure on education has increased from Rs 10,145 crore 10 years ago to Rs 79,251 crore this year: Chidambaram.
National Solar Mission to undertake 4 ultra mega solar power projects in 2014-15
Ministry of health and family welfare gets Rs 33,725cr: FM
Non plan expenditures will be over Rs.12 lakh crore
Current fiscal deficit to be contained at $45billion.I can confidently assert that the economy is more stable today than it was two years back: Chidambaram
Further Chidambaram said growth in Q2 stands at 4.8%. FM says he has been vindicated.
I can confidently assert that the FD is declining, the CAD is constrained, inflation is moderated; exchange rate is stable: Chidambaram.
Fall of investment in the manufacturing sector is a cause for worry: P Chidambaram .
Our aim is to create 1 million jobs. Govt, RBI acted in tandem to curtail inflation
Added $15 bn to foreign reserves this fiscal. Growth in Q3-Q4 will be at least 5.2%: FM.
Foodgrain production estimated at 263 million tons in 13-14; Agriculture credit will cross USD 45 bn against USD 41 billion in 2012-13.
Exports have recovered sharply and are expected to grow to $326 billion, up by 6.4%: Chidambaram.
Rating companies no longer hint of downgrade, says Chidambaram
Among emerging economy currencies, the rupee was affected least: Chidambaram.
We have added highways and rural roads under the PMGSY, and railway tracks.

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