Budget News 2013

Budget News 2013

·          Union Budget 2013: Rs 65000 crore to ministry of education, Rs 27257 crore to Sarva Shiksha Avijan | Rs 17700 crore for ministry of children | Foreign investment is imperative: Chidambaram | Inflation hindering growth, FM hints at austerity

·          Rs 37,330 crore allocated for ministry of health & family welfare.
Investment is a matter of faith. Doing business in India must be seen as easy, friendly and beneficial: FM
Food Security Bill is a priority for UPA govt: Chidambaram

·         Rs 13,215 crore to be provided for mid-day meal scheme: FM
FM seeks to dispel tax-burden and regulatory fears.
FM allocates Rs 41,561 crore for SC sub-plan; Rs 24,598 crore for tribal sub plan.
Chidambaram announces over Rs 80,000 crore for rural development ministry.
Plan expenditure in 12th Five-Year-Plan revised to Rs 14,30,825 crore or 96 per cent of budgeted expenditure.
Budget expenditure is Rs 16,65,297 crore and Plan expenditure Rs 5,55, 322 crore: FM.
Chidambaram allocates Rs 65,000 crore for education sector.

·         Delhi-Mumbai industrial corridor has made rapid progress: FM
Drinking water and sanitation ministry allocated Rs 15,260 crore: FM
Rs 17,700 crore allocated for Integrated Child Development Scheme.
Rs 13,250 crore allocated for midday meals scheme.

·         Rs 7 lakh crore target fixed for agri credit for 2013-14 compared to Rs 5.75 lakh crore in the current year.
Eastern Indian states to get Rs 1,000 crore allocation for improving agricultural production.
Rs 500 crore allocated for programme on crop diversification.
We must reduce our dependence on imported coal. Measures to be announced in due course: FM
Average annual growth rate of agriculture and allied services estimated at 3.6 per cent in 2012-13 when 250 MT food-grains was produced: FM
Rs 200 crore to stop women harassment, FM says
Average annual growth rate of agriculture and allied services estimated at 3.6 per cent in 2012-13 when 250 MT food-grains was produced: FM

·         Green revolution in east India significant. Rice output increased in Assam, Odisha, Jharkhand and West Bengal; Rs 1,000 crore allocated for eastern states.
Rs 5,387 crore to be allocated for integrated watershed programme for farmers in 2013-14, an increase from Rs 3,050 crore in the current fiscal.
Indian Institute of Biotechnology will be set up at Ranchi.
Funds given to technology incubators at recognized universities to qualify as CSR initiatives: FM