Some of the notable things missing from the speech given by finance minister Mr. Pranab Mukherjee were -
- Divestment policy
- FDI
- Insurance
- Fuel prices decontrol etc
The key highlights of the budget were (courtesy money control)
- State-owned banks and insurance firms to remain in public sector
- Work on National Food Security scheme for providing food at cheaper rates to the poor has begun
- Increase allocation for Prime Minister Gram Sadak Yojana by 59 pc
- Allocation of Rs 39,100 crore for NREGA for 2009-10
- Govt to provide real wage of Rs 100 per day under NREGA
- IT Return forms to be made simple and user friendly
- Allocation for national highways development stepped up by 23 pc
- Allocation for schemes for the urban poor to be raised to Rs.39,730 cr in 2009-10
- 75 per cent increase for Accelerated Irrigation Programme
- Extension of stimulus package for print media to be extended till December 2009
- Indian Infrastructure Financial Corporation Limited (IIFCL) to evolve financing mechanism for giving increased support to in frastructure projects
- Target for agricultu re credit raised to Rs 3,25,000 cr in 2009-10 from Rs 2,87,000 cr
- Enhancing allocation from Rs 200 crore to Rs 500 crore for flood management project in Mumbai
- Funds for Jawaharlal Nehru Urban Renewal Mission increased by 87 pc to Rs 12,887 cr
- Funds for housing for urban poor to be raised to Rs 3,973 crore
- FM forecasts GDP growth at 6.7 per cent for 2008-09
- Growth rate in 2008-09 dipped to 6.7 pc from average 9 pc growth
- Govt says its will broaden the agenda for inclusive development
- Significant inflow of foreign capital is important
- Govt moving towards providing energy security and integrated energy policy
- Fiscal deficit grew from 2.7 per cent to 6.8 per cent of GDP
- Total fiscal stimulus during 2008-09 amounts to Rs 1,86,000 crore
- Govt plans to return economy to high GDP growth rate of 9 pc
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