Interim Budget Highlights
New Delhi: The following are the highlights from the speech of Finance Minister P. Chidambaram who presented the interim budget for 2014-15 in the Lok Sabha:
* 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
* 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
* 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
* Central assistance of 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 100 crore
Read More:
India's Opening Up Has Tremendously Benefited U.S. Firms: CII