Bachelor's Area

Today Finance Minister Pranab Mukherjee presented Union Budget 2009-2010. A few highlights of the budget are as follow: Mandate for continuity and stability: Pranab Need to sustain growth of 9% per annum at the earliest: Pranab Will create close to 12 million jobs Domestic industry showing signs of recovery Agriculture credit to be 3.35 lakh crore Significant foreign capital inflow increase Farm loan waiver period increased by six months Allocation of railways increased to 15,800cr Fiscal stimulus of 1,86,000cr provided LNG infrastructure in the country being expanded Rs 3937cr for improvement of urban poor Funding to NHAI stepped up by 23% Fiscal deficit grew from 2.7% to 6.8% of GDP Local production of petroleum products to double Sensitive to youth expectations: Pranab Competitive education system: Pranab Govt to set up expert group on pricing of petroleum products Subsidy regime for fertilisers to change to nutrient- based rather than price-based To return to FRBM target for fiscal...