General Budget 2008

          The salient features of the Budget are:

 

  • Sarva Shiksha Abhiyan will be provided Rs 13,100 crore, Mid Day Meal scheme Rs 8,000 crore, Secondary education Scheme Rs 4,554 crore.

 

  • 410 additional Kasturba Gandhi Vidyalaya to be set up in backward blocks.

 

  • Navodaya Vidyalayas to be opened in 20 districts with special focus on regions having SC/ST concentration.

 

  • Allocation of Rs 130 crore for this purpose. Rs.750 crore more to be given for merit scholarship to students up to 10th and 12th class.

 

  • Mid day Meal scheme extended to upper primary level in 3479 schools. 16 central universities to be opened in 2008-09.

 

  • Three IITs to be set up in Andhra Pradesh, Bihar and Rajasthan.

 

  • Schools of architecture and planning in Bhopal and Vijaywada. More institutes of higher education to be opened.

 

  • Rs 100 crore to be given to Information Technology Ministry to set up national knowledge centres.

 

  • Allocation for NRHM increased to Rs 12,050 crore

 

  • Rs 992 crore for national AIDS programme.

 

  • A national programme for the elderly to be started at a cost of Rs. 400 crore.

 

  • Rashtra Swasthya Beema Yojana to start from April one in Delhi and Haryana.

 

  • Rs 30,000 for each family belonging to unorganised sector.

 

  • Allocation for ICDS increased to Rs 6300 crore.

 

  • Rs 85 crore sanctioned for scholarships to students pursuing science education.

 

  • Indian Institutes of Science Education and Research to be set up at Bhopal and Thiruvananthapuram.

 

  • Agriculture credit doubled in the first two years of the government to reach Rs.2.40 lakh crore by March 2008.

 

  • Eleventh Plan started on a robust growth.

 

  • Gross budgetary support to be raised to Rs 2,43,386 crore, an increase of more than Rs 38,000 crore from the current level.

 

  • Allocation for Bharat Nirman to be raised to Rs 31,280 crore.

 

  • Twenty per cent hike in education budget this year from Rs 28,674 crore to Rs 34,400 crore.

 

  • GDP growth slows down to 8.4 per cent during quarter ended December 31, 2007 as compared to 9.1 per cent a year ago.

 

  • Economy grew over eight per cent over 12 successive quarters since 2005, says Finance Minister P Chidambaram.

 

  • Growth rate of agricultre extimated at 2.6 per cent during the current year.

 

  • Services and manufacturing sectors expected to grow by 10.7 per cent and 9.4 per cent, says Chidambaram.

 

  • Keeping inflation under check is one of the cornerstones of the Government's policy.

 

  • Rice production estimiated at 94.08 million tonnes, maize 16.78 mt, soyabean 9.45 mt and cotton 23.38 million bales.

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