NEW DELHI: Finance Minister P Chidambaram is presenting the budget for Financial Year 2007-08 to the parliament.
Following are the highlights of the budget speech so far: The average inflation rate for FY 2006-07 is seen at between 5.2 and 5.4% and the government says it is confident it can tackle the present inflationary trend.
Government has set up a panel to study the impact of forward trading in commodities.
Total plan spending for 2007-08 has been set at Rs2,05,000 crore.
Spending on education raised by 34.2 % to Rs32,300 crore.
Spending on healthcare and family welfare raised by 21.9% to Rs15,290 crore.
Spending for farm credit, which accounts for about a fifth of the country’s economy, has been increaseed to Rs 2,25,000 crore . A target of additional 50 lakh farmers would be brought under the farm credit scheme.
Total Budget for the Northeastern region raised from Rs
12,041 crore to Rs 14,365 crore.