Finance
minister P Chidambaram has rejected the charges of policy paralysis as he
presented his interim Union Budget in Parliament on Monday. Here are the
highlights of the vote on account 2014.
Rs
500 crore estimated requirement for implementing one-rank-one-pay scheme for
armed forces in 2014-15
Rs
6000 crore to rural housing fund, Rs 2000 crore for urban housing fund
Minority
bank accounts have swelled to 43,53,000 by 2013-14 from 14,15,000 bank accounts
10 years ago
Rs
3711 crore for minority affairs; housing and urban poverty alleviation gets Rs
6000 crore
Social
justice ministry gets Rs 6730 crore; panchayati raj ministry Rs 7000 crore
Moratorium
on interest on student loans taken before March 31, 2009; to benefit 9 lakh
borrowers
Public
Debt Management Bill ready
Fiscal
deficit target of 3% to be achieved by 2017
Fiscal
deficit to be contained at 4.6% of GDP in 2013-14.
CAD
will be $45 billion in 2013-14
Foreign
exchange reserves up by $15 billion
Foodgrain
production estimated at 263 million tons in 2013-14
Agriculture
credit will cross $45 billion against $41 billion in 2012-13
296
projects worth Rs 6,60,000 crore cleared by Cabinet Committee on Investment by
end January 2014
Merchandise
export to grow by 6.8% to $326 billion
3
more industrial corridors — Chennai-Bangalore, Bangalore-Mumbai,
Amritsar-Kolkata — under various stages of implementation
GDP
growth rate in Q3 and Q4 of 2013-14 will be at least 5.2%
Declining
fiscal deficit, moderation of CAD, stable exchange rate and increase in project
implementation result of hardwork
Power
capacity rises to 234,600 MW in 10 years
Expenditure
on education has risen from Rs 10,145 crore 10 years ago to Rs 79,251 crore
this year
Sugar
decontrol, gradual correction of diesel prices, application for new bank
licenses, sick electricity distribution companies restructured
Average
growth under UPA's ten year rule was 6.2 per cent against 5.9 during NDA period
of 1999-2004
Average
growth under UPA-I was 8.4 per cent and UPA-II 6.6 per cent
PSUs
to achieve record capex of Rs 2,57,645 crore in 2013-14
500
MW fast breeder nuclear reaction in Kalpakkam to be ready shortly; 7 nuclear
power reactors under construction
National
Solar Mission to undertake 4 ultra mega solar power projects in 2014-15
Rs
1,200 crore additional assistance to N-E states to be released before end of
the year
Rs
1,000 crore grant for Nirbhaya Fund will be non-lapsable; another Rs 1,000
crore to be given next fiscal
Rs
3,370 crore to transferred to 2.1 crore LPG users
Govt
committed to Aadhaar-based LPG transfer but scheme on hold temporarily
Aadhaar
is tool for empowerment
Non-plan
expenditure to exceed by a small amount in 2013-14
500
MW fast breeder test reactor in Kalpakkam to be ready shortly; 7 nuclear power
reactors under construction
Plan
expenditure will be Rs 5,55,322 crore in 2014-15, unchanged from last fiscal
Budgetary
support to railways increased from Rs 26,000 crore to Rs 29,000 crore 2014-15
Rs
2,46,397 crore allocated for food, fertilizer and fuel subsidy
Food
subsidy will be Rs 1,15,000 crore for implementation of National Food Security Act
Defence
allocation increased by 10 per cent to Rs 2.24 lakh crore
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