Home Economy Budget highlights-5

Budget highlights-5

By IANS,

* Plan expenditure at Rs.5 lakh 55,322 crore in 2014-15

* Defence expenditure enhanced 10 percent to Rs.2 lakh 24,000 crore

* Budgetary support to railways at Rs.29,000 crore in 2014-15

* One rank one pension demand accepted; to be implemented with Rs.500 crore in 2014-15

* Two projects sanctioned under Nirbhaya Fund; original Rs.1,000 crore made non-lapsable; another Rs.1,000 crore granted

* Central assistance of Rs.3,38,562 lakh crore in 2014-15

* Construction underway for 50,000MW of conventional power

* Four solar generation plants of 500 MW each to be constructed in 2014-15

* Four solar generation plants of 500 MW each to be constructed in 2014-15

* Community radio to be promoted with Rs.100 crore

* Growth estimated in 2013-14 at 4.9 percent

* No policy paralysis

* 100 million jobs to be created in a decade

* 19 oil blocks allocated

* Seven new airports under construction

* WPI inflation at 5.05 percent in January

* Core inflation at 3 percent

* Food grain production in 2013-14 estimated at 263 million tonnes

* Exports estimated at $326 billion in current fiscal

* Over 29,000 MW of power capacity added during fiscal

* Challenges we face common to emerging economies

* India not unaffected by events in global economy

* Fiscal deficit at 4.6 percent

* Current account deficit at $45 billion

* Hope to add $15 billion to forex reserves