Union Budget 2013-14: Highlights 2

Bangalore: Highlights of budget for 2013-14 presented in the Lok Sabha by Finance Minister P. Chidambaram:

Two new ports to be set up in West Bengal and Andhra Pradesh to add 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 50,000 crore to be issued

Textile ministry allocated 50 crore for establishing apparel parks

Handloom sector allocated 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 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

500 crore allocated for promoting crop diversification

200 crore allocated for promoting nutrient-rich crops

50 crore allocated for farmer-producer organisations

National Livestock Mission to be launched with allocation of 307 crore

Hope parliament will pass food security bill; 10,000 crore allocated for initial expenditure on implementation.

Read:
Union Budget 2013-14: Highlights 1
Chidambaram's Budget Focuses on Economic Revival