(Current Affairs) BUDGET 2010

Governments Investment For AAM ADMI

• Rs. 40,100 crore for Mahatma Gandhi Nation Rural Employment Guarantee Scheme.

• Rs. 48,000 crore allocated for rural infrastructure programmes under Bharat Nirman

• Unit cost under Indira Awas Yojana up to Rs. 45,000 in the plains and to Rs. 48,500 in the hilly areas.

• Allocation to Backward Region Grant Fund raised by 26% from Rs. 5,800 crore to Rs. 7,300 crore .

• Additional Central assistance of Rs. 1,200 crore for drought mitigation in Bundelkhand region

• Allocation for urban development up by more than 75% from Rs. 3,060 crore to Rs. 5,400 crore

• Allocation for Housing and Urban Poverty Alleviation raised from Rs. 850 crore to Rs. 1,000 crore

• Scheme for 1 % interest subvention on housing loan up to Rs. 10 lakh, where the cost of the house does not exceed Rs. 20 lakh, extended up to March 31, 2011

• Plan allocation for school education raised by 16%

• Plan outlay for Women and Child Development stepped up by almost 50%

• National Social Security Fund for unorganized sector workers to be set up with an initial allocation of Rs. 1,000 crore. This will support schemes for weavers, rickshaw pullers, bidi workers, etc.

• Rashtriya Swasthya Bima Yojana benefits extended to all MNREGS beneficiaries who have worked for more than 15 day during preceding financial year

• Mahila Kisan Sashaktikaran Pariyajana to meet needs of women farmers to be launched with Rs. 100 crore

• Plan allocation for Minority Affairs up by 50% from Rs. 1,740 crore to Rs. 2,600 crore

• Rs. 16,500 crore provided to ensure that public sector banks attain a minimum 8% Tier-I capital March 31,2011

• Indian rupee to get a symbol.

Highlights Of Economic Survey 2009-10

• Economy likely to grow by up to 8.7sper cent in 2010-11

• Full recovery; return to 9 per cent growth in 2011-12

• Broad recovery gives scope for gradual stimulus roll back

• High double-digit food inflation in 2009-10 major concern

• Signs of food inflation spreading to other sectors

• Farm & allied sector production falls 0.2 percent in 2009-10

• Serious policy initiatives needed for 4 percent agriculture growth

• Moots direct food subsidy via food coupons to households

• Favours making available food in open market

• Favours monthly ration coupons usable anywhere for poor

• Gross fiscal deficit pegged at 6.5 percent of GDP in 2009-10

• India 10th largest gold holding nation at 557.7 tonnes

• Exports in April-December 2009 down 20.3 percent

• Imports in April-December 2009 down 23.6 percent

• Trade gap narrowed to $ 76.24 billion in April-December.

• 32.5% savings & 34.9% investment (of GDP in 2008-09) put India in league of world's fastest growing nations.

• Initiates steps to boost private investment in agriculture

• Wants credit available at reasonable rates on time for private sector to invest in agriculture

• Slowdown in infrastructure that began in 2007, arrested

• Domestic oil production to rise 11 per cent in 2009-10

• Gas output up 52.8 per cent to 50.2 billion cubic meters with RIL starting production

• India world's 2nd largest wireless network with 525.1 million mobile users

• Virtually every second Indian has access to phone

• Auction for 3G spectrum to provide existing and foreign players to bring in new technology and innovations.

Goto Current Affairs Home Page

Copyright © 2010 www.upscportal.com