Union Budget 2008-09

29 Feb '08

2 min read

The government will manage capital inflows along with RBI

Up 11.4 crs children - health care 8.756 - 2.00 - 17 pct old wealth road - 11th plan Growth 8.8 pct Financial foundation A/c strategy GP 2nd 228780 cr

Education health - total allocation increased by 20 pct to 34,400 crs 2008-09 - Infrastructure ecucation primary class

Education 13.9 cr - FY08 year growth 2.6 pct - Research and science 8.5 crs 2008 - Technology rs 1.40 cr

Govt to interconnect all national institutions on a knowledge network

Gross budgetary support 38,000 cr - Services grow by 10.7 pct - Global market weak 2.6 pct farm growth - Ministry to science and tech 85 cr 2008-09

Health allocation increased by 15%

Rs30,000 health cover for every worker in unorganised sector

Urban infrastructure spending to rise to 68.7 bln rupees

Rs 30,000 cover for unorganised sector; Centre to share Rs 200cr premiumIncrease in export tax on iron ore from 10% to 15% Presently licence fee varies between 6-10% of total revenues

To create national fund for transmission and distribution of power

Currency, interest rate derivatives to be introduced

Defence allocation hiked by 10% to Rs 1,05,600 cr

2008-09 should be a year of consolidation - Rs 11460 cr for women specific scheme -Expenditure fiscal improvement deficit to 1.4 pct against 1.5 pct

Sixth pay Comission to submit report by March 31, 2008

Banks to be encouraged to embrace total financial inclusion

Banks to be encouraged to embrace total financial inclusion

Fibre2fashion News Desk - India

More Textiles News - India...