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Union Budget 2008-09
29
Feb '08
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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