Union Finance Minister Mr P Chidambaram has just risen in the Parliament to read his Budget 2008-2009 speech. Fibre2fashion is privileged to bring his announcements and declarations on the Budget for the coming fiscal live.
Following are the highlights of P Chidambaram's presentation of the Indian Union Budget 2007-2008: FM confident of maintaining growth-rate of 8.8% for current fiscal
Sensex down 128pts
Nifty is down 43 points at 5,242
CPU GDP 7.5 pct 9.4 pct, 9. pct average 8.8 pct
Global finance policy 9.1 pct
Inflation high 2007
Court will take measure to create financial stability 2008 Agriculture total output 219.32 mn all time record
Check foreign inflow to stabilise Indian mkts
Agriculture growth rate at 2.6 per cent in 2007-08. Total agricultural output 219.32 million tons
All agri loans by RRBs, co-operatives, scheduled commercial banks overdue taken before March 2007 and outstanding on December 2007 are covered
Agri credit will doubled by march 2008 upon being granted debt waiver farmer will be entitle to fresh loans OTS relief - 10,000 cr
Govt announces three schemes to give social security to workers in unorganised sector
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