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Q.

Can you please provide the outlines of 2008-2009 budget ?

Tags: outlines of 2008-2009 budget
Asked by joyesh chakraborty, 01 Mar '08 11:43 am
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Answers (5)

 
1.

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MAIN POINTS:

* Total plan spending in 2008/09 seen at 2.4 trillion rupees ($60.3 billion). Non-plan spending seen at 5.07 trillion rupees.

* Government to waive debts of small farmers. The total cost of the farm debt waiver scheme will be 600 billion rupees.

* Fiscal deficit in 2008/09 seen at 2.5 percent of GDP compared to 3.1 percent of GDP in the previous year.

* Revenue deficit seen at 1 percent of GDP in 2008/09 compared to 1.4 percent of GDP the previous year.

* Government confident of GDP growth of 8.8 percent in 2007/08.

* Keeping inflation under check is a cornerstone of government policy. There is pressure on domestic prices from food articles.

* "Keeping inflation under check is one of the cornerstones of our policies".

* "There is pressure on domestic prices, especially the prices of food articles. Management of the supply side of food articles will be the most crucial ...more
Answered by gem mina, 01 Mar '08 04:00 pm

 
  
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2.

All segments of population is covered in this Budget
Answered by rakesh bhandari, 01 Mar '08 11:45 am

 
  
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3.

In a nutshell.. more money has come to our pockets.. so more purchasing power.will lead to more spending and hence more growth..
More growth will earn FM more revenue to implement his schemes in the social sector.
Answered by joyoti sen, 01 Mar '08 12:50 pm

 
  
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4.

Escise duty reduced from max 165 to max 14%. Service tax exemption increased from 8 lakhs to 10 lakhs. Excise duty on medicines reduced by half
Answered by Mrinalini, 01 Mar '08 11:46 am

 
  
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5.

The Budget of 2008-09 has been presented by a lawer ( the Finance Minister is a Lawer by profession), for the Farmer ( give promise to wipe out the Farmer's debt), and the budget will increase consumption of Pharma (product will cost less due to EXCISE Duty cuts) and more Govt. officers / Women / Senior Citizens (due to Income Tax slabs upword revisions) will be moove on Cars and Scooters (as also Cuts EXCISE Duty cuts) on Road.
Answered by Nirlep Chauhan, 01 Mar '08 11:56 am

 
  
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