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

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Source: IANS