Monday, July 6, 2009

Budget 2009-10: Key Points


* Infrastructure spending

- allocations for highways, urban renewal to rise sharply

* Energy sector

- to develop long distance natural gas pipelines for a national grid; to set up panel to review domestic fuel prices

* Agriculture spending

- to provide additional 10 billion rupees over interim budget for more irrigation; to offer direct subsidies to farmers

* Government asset sales

- aims to raise 11.2 bln rupees from stake sales, 350 billion rupees from 3G telecom spectrum auction

* Growth

- 2008/09 GDP growth seen at 6.7 pct; government aims to return economy to high growth path of 9 pct/yr at the earliest

No comments: