Budget Highlights - PART A
- ECONOMIC POLICIES TO PROMOTE GROWTH WITH SOCIAL JUSTICE LEADING
TO GREATER SELF-RELIANCE.
- AGRICULTURE AND RURAL CREDIT TO GET MAJOR BOOST.
- CONTROLS AND REGULATIONS OVER AGRICULTURE AND INDUSTRY TO BE REMOVED.
- OVER 73 PER CENT INCREASE IN PLAN ALLOCATION FOR ANTI-POVERTY PROGRAMMES,
FROM RS. 1263 CRORE TO RS. 2,195 CRORE.
- ALLOCATION FOR DEPARTMENT OF RURAL EMPLOYMENT AND POVERTY
ALLEVIATION IS RS. 6, 437 CRORE.
- PDS TO BE RESTRUCTED TO SERVE HOUSEHOLDS BELOW THE POVERTY LINE.
- SUBSIDY NORMS FOR TRACTORS AND DRIP AND SPRINKLER IRRIGATION LIBERALISED.
- ECONOMY TO BE KEPT OPEN AND COMPETETIVE TO ENCOURAGE MORE FOREIGN TRADE AND
ATTRACT MORE FOREIGN INVESTMENT.
- TAX SYSTEM TO BE REFORMED.
- FINANCIAL AND CAPITAL MARKET REFORMS TO BE BROADENED AND DEEPENDED.
AUTOMATIC APPROVAL FOR INDUSTRIAL IMPORTS RAISED FROM RS. ONE CRORE TO
SEVEN CRORE.
- CENTRAL ASSISTANCE FOR STATES AND UT PLANS UP FROM RS. 19,506 CRORE TO
RS. 21,972 CRORE.
- GROSS BUDGETARY SUPPORT FOR THE CENTRAL PLAN UP FROM RS. 28,994 CRORE TO
RS. 32,713 CRORE.
- DEFENCE, EDUCATION, WOMEN AND CHILD DEVELOPMENT, HEALTH, LABOUR, SURFACE
TRANSPORT TO GET ENHANCED BUDGETARY SUPPORT.
- FISCAL DEFICIT TO BE KEPT BELOW FOUR PER CENT OF GDP.
NINTH PLAN TARGET GROWTH RATE OF SEVEN PER CENT PER ANNUM.
