- Integrated Child Development Scheme to be strengthened and restructured with allocation of Rs.15,850 crore.
- Allocation of Rs.14,000 crore for rural water supply and sanitation.
- Infusion of Rs.15,888 crore in public sector banks, regional rural banks and NABARD in 2012-13.
- Infrastructure will require Rs.50 lakh crore in 12th Plan, half of this from the private sector.
- Completion of highway projects 44 per cent higher than in previous fiscal.
- External commercial borrowing of up to $1 billion permitted for airline sector.
- External commercial borrowings permitted to low-cost housing sector.
- From 2012-13, full subsidies for providing food security; in other sectors to the extent the economy can bear this.
- Hope to raise Rs.30,000 crore from disinvestments.
- New equity savings scheme to provide for income tax deduction of 50 per cent for those who invest Rs.50,000 in equity and whose annual income is less than Rs.10 lakh.
- Corporate market reforms to be initiated.
- Bills on micro-finance institutions, national land bank and public debt management among those to be introduced in 2012-13.
- Addressing malnutrition, black money and corruption in public life among five priorities in year ahead.
- India’s inflation structural, driven largely by agricultural constraints.
- Current account deficit 3.6 per cent in 2011-12; this put pressure on exchange rate.
- Growth in 2012-13 estimated at 7.6 per cent; expect inflation to be lower.
- Better monitoring of expenditure on government schemes.
- Fiscal 2011-12 year of recovery interrupted; reality turned out to be different.
- GDP growth in 2011-12 estimated at 6.9 per cent; had to battle double digit inflation for two years.
- Good news: agriculture and services continued to perform well; economy is now turning around; recovery in core sectors.
- Now at juncture where it is necessary to take hard decisions; have to accelerate pace of reforms
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I was expecting quite alot from this year’s budget, listen to complete budget but I was very disappointed a the end of the day.
I was having Net Profit of 1.5 lakh in my equity investments till today but today I suffered a Intra-Day Loss of 25000 due unexpected market crash. I was not excepting much for salary class but was hopeful for corporate sector. I confident about recovering this loss next week.
Bro I Budget Memorandum of Finance Bill is much more important than this speech.