Monday, February 16, 2009

Centre presents budget estimates 2009-10



Budget estimates 2009-10:

* Total expenditure for fiscal 2009-10 estimated at Rs.9,53,231 crore. The Plan expenditure estimated at Rs.2,85,149 crore and Non-Plan expenditure at Rs.6,68,082 crore.

* Rs.30,100 crore allocated for National Rural Employment Guarantee Scheme for the year 2009-10. In 2008-09 employment of 138.76 crore person days covering 3.51 crore household already generated.

* Budgetary support in Plan B.E. 2009-10 in comparison to B.E. 2008-09 increased for Department of Rural Development along with Department of Road Transport & Highways, Railways, Ministry of Power, Department of Industrial Policy and Promotion and Department of Information Technology to meet the requirements of rural and infrastructure development along with higher allocation for Ministry of Youth Affairs & Sports and Ministry of Culture to ensure adequate resources for hosting of the Commonwealth Games. Allocations to flagship programme which directly impact ¡¥Aam Aadmi¡¦ fully protected.

* About 98 per cent habitations covered by primary schools under Sarva Shiksha Abhiyan. Allocation for this programme increased by 571 per cent between 2003-04 and 2008-09. Allocation of Rs.13,100 crore proposed for 2009-10.

* Rs.8,000 crore allocated for Mid-day Meals Scheme for the year 2009-10.

* Allocation of Rs.6,705 crore proposed for Integrated Child Development Scheme (ICDS) for the year 2009-10. New WHO child growth standards adopted for monitoring growth of children under ICDS.

* Rs.7,400 crore allocated for Rajiv Gandhi Rural Drinking Water Mission along with Rs.1,200 crore for Rural Sanitation Programme, Rs.12,070 crore for National Rural Health Mission, Rs.40,900 crore allocated for Bharat Nirman for the year 2009-10.

* 386 projects amounting to Rs.39,000 crore sanctioned till December 31, 2008 under Jawaharlal Nehru National Urban Renewal Mission (JNNURM). Allocation of Rs.11,842 crore proposed for the year 2009-10.

* A provision of Rs.100 crore in the Annual Plan 2009-10 made for Unique Identification Authority of India.

* RIDF-XV proposed with a corpus of Rs.14,000 crore. A separate window for rural roads to continue with a corpus of Rs.4,000 crore.

* Interest subvention of 2 per cent on pre and post shipment credit for certain employment oriented sectors i.e. Textiles (including handlooms & handicrafts), Carpets, Leather, Gem & Jewellery, Marine products and SMEs extended beyond March 31, 2009 till September 30, 2009 involving an additional financial outgo of Rs.500 crore.

* Government to recapitalize the public sector banks over the next two years to enable them to maintain Capital to Risk Weighted Assets Ratio (CRAR) of 12 per cent.
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* Allocation for Defence increased to Rs.1,41,703 crore which includes Rs.54,824 for Capital Expenditure.

* Major subsidies including food, fertilizer and petroleum estimated at Rs.95,579 crore.

* For the fiscal 2009-10, with Centre¡¦s net tax revenue estimated at Rs.5,00,096 crore and Revenue expenditure at Rs.8,48,085 crore, revenue deficit is estimated at 4 per cent of GDP and fiscal deficit at 5.5 per cent of GDP.
source: livemint.com

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