Union Budget 2013-14: Highlights 1

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

Human resource development ministry to get 65,867 crore

13,250 crore allocated for midday meals scheme

17,700 crore allocated for Integrated Child Development Scheme

Drinking water and sanitation ministry allocated 15,260 crore

Allocation of rural development ministry allocation raised by 46 percent to 80,294 crore; 33,000 crore for rural jobs scheme

Revised budget expenditure for 2012-13 at 14 lakh 30,824 crore

Budget expenditure for 2013-14 at 16 lakh 65,297 crore; plan expenditure at 5 lakh 55,224 crore

41,000 crore for Scheduled Caste plan

97,000 crore for women's development

110 crore for department of disabilities

37,330 crore for health ministry

Average growth during UPA-1 was 8 percent; high growth not a novelty

Current account deficit a worry because of high oil and gold imports

Will need $75 billion to finance current account deficit

Need to encourage FDI in consonance with economic priorities

WPI inflation down to 7 percent; food inflation worrying.

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