The document discusses India's 2012-13 budget and its impact on the infrastructure sector. Some key points: - Investment in infrastructure is projected to reach Rs. 50 lakh crore over the Twelfth Five Year Plan period, with half expected from the private sector. - Tax-free bonds of Rs. 60,000 crore will be allowed to finance infrastructure projects in 2012-13. More sectors are eligible for viability gap funding. - Measures like allowing ECB for infrastructure maintenance and operations, and permitting direct aviation fuel imports, will ease financing constraints and spur infrastructure growth. However, the year-over-year growth of infrastructure allocations has increased by only 7.4% compared to 36