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Simpler SEBI rules:Securities and Exchange Board of India to simplify
procedures for foreign portfolio investors
Two new ports to be set up in West Bengal and Andhra Pradesh to ad 100
million tonnes handling capacity
Gas handling terminal at Dabhol in Maharashtra to be fully operational
during 2013-14
State governments urged to sign restructuring plans with electricity discoms
Tax-free infrastructure bonds of Rs.50,000 crore to be issued
Textile ministry allocated Rs.50 crore for establishing apparel parks
Handloom sector allocated Rs.96 crore to benefit 150,000 weavers
Infrastructure debt funds to be encouraged
Regulator to be appointed for road projects; 3,000 km of road projects to be
awarded in first six months of 2013-14
Incentive allowance of 15 percent over and above permitted depreciation to
those investing over Rs.100 crore in infrastructure projects
Rajiv Gandhi Equity Scheme to be liberalised
Seven new cities identified along Delhi-Mumbai Industrial Corridor
Preliminary work begun on Bangalore-Mumbai Industrial corridor
Foodgrain production during 2013-13 estimated at 250 million tonnes
Household sector must be incentivised to save in financial instruments rather
than gold. Person taking a home loan for his first home during the period
2013-14 will be entitled to an additional deduction of Rs. 1 lakh, announces
Mr Chidambaram
Re-financing capacity of SIDBI increased to Rs. 10,000 crore from Rs.
5,000 crore for Ministry of Small and Medium Enterprises
Rs. 27,049 crore allocation to the Agriculture Ministry in 2013-14
Rs. 7 lakh crore target fixed for agriculture 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
Infrastructure Development Funds will be encouraged
Funds to raise resources for the development
Govt committed to food security bill. 10,000 crores set apart for expenditure
likely under the act
Rs. 37,330 crore allocated for Ministry of Health & Family Welfare
Rs. 110 crore to be allocated to the department of disability affairs
Rs. 3511 crore allocated to Minority Affairs Ministry which is 60 per cent of
the revised estimates
Additional sum of Rs. 200 crore to Women and Child Welfare
Ministry to address issues of vulnerable women
Rs. 37,330 crore allocated for Ministry of Health & Family Welfare
Faced with huge fiscal deficit, I have no choice but to rationalise expenditure
Development must be sustainable - economically and ecologically
Cannot spurn foreign investments, that is an imperative
Great worry is the current account deficit (Read)
Without growth, there will be neither development nor inclusiveness
The job of a finance minister is to create the economic space and find
resources to achieve it
Only China and Indonesia growing faster than India
By 2013 only China will grow faster than India
I seek support as we navigate the Indian economy through crisis that has
enveloped t

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Budget

  • 1. Simpler SEBI rules:Securities and Exchange Board of India to simplify procedures for foreign portfolio investors Two new ports to be set up in West Bengal and Andhra Pradesh to ad 100 million tonnes handling capacity Gas handling terminal at Dabhol in Maharashtra to be fully operational during 2013-14 State governments urged to sign restructuring plans with electricity discoms Tax-free infrastructure bonds of Rs.50,000 crore to be issued Textile ministry allocated Rs.50 crore for establishing apparel parks Handloom sector allocated Rs.96 crore to benefit 150,000 weavers Infrastructure debt funds to be encouraged Regulator to be appointed for road projects; 3,000 km of road projects to be awarded in first six months of 2013-14 Incentive allowance of 15 percent over and above permitted depreciation to those investing over Rs.100 crore in infrastructure projects Rajiv Gandhi Equity Scheme to be liberalised Seven new cities identified along Delhi-Mumbai Industrial Corridor Preliminary work begun on Bangalore-Mumbai Industrial corridor Foodgrain production during 2013-13 estimated at 250 million tonnes Household sector must be incentivised to save in financial instruments rather than gold. Person taking a home loan for his first home during the period 2013-14 will be entitled to an additional deduction of Rs. 1 lakh, announces Mr Chidambaram Re-financing capacity of SIDBI increased to Rs. 10,000 crore from Rs. 5,000 crore for Ministry of Small and Medium Enterprises Rs. 27,049 crore allocation to the Agriculture Ministry in 2013-14 Rs. 7 lakh crore target fixed for agriculture 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 Infrastructure Development Funds will be encouraged Funds to raise resources for the development Govt committed to food security bill. 10,000 crores set apart for expenditure likely under the act Rs. 37,330 crore allocated for Ministry of Health & Family Welfare Rs. 110 crore to be allocated to the department of disability affairs Rs. 3511 crore allocated to Minority Affairs Ministry which is 60 per cent of the revised estimates Additional sum of Rs. 200 crore to Women and Child Welfare Ministry to address issues of vulnerable women
  • 2. Rs. 37,330 crore allocated for Ministry of Health & Family Welfare Faced with huge fiscal deficit, I have no choice but to rationalise expenditure Development must be sustainable - economically and ecologically Cannot spurn foreign investments, that is an imperative Great worry is the current account deficit (Read) Without growth, there will be neither development nor inclusiveness The job of a finance minister is to create the economic space and find resources to achieve it Only China and Indonesia growing faster than India By 2013 only China will grow faster than India I seek support as we navigate the Indian economy through crisis that has enveloped t