Budget 2013-14 — Monetary policy:

The Finance Minister has alloted Rs .538 corres in the present Budget to eastablish Post Bank.

Rs. 25,000 cr to be raised through tax free bonds

Rs 25,000 cr to be raised through tax free bonds: Chidambaram"Doing business in India must be seen as easy, friendly and mutually beneficial" - Second reference to increasing FDI in India. Government seems to betting heavily on a large FDI influx to help with the deficient

"We will use innovative and new financial methods to increase investment in infrastructure," says the Minister.

New steps have been announced to increase availability and amount of debts available for infrastructure projects.

The revised expenditure target is Rs 14,30,825 crore or 96 per cent of Budget estimate for this fiscal. In 2013—14, the budget estimate is Rs 16,65,297 crore.

Budget expenditure is Rs 16,65,297 crore and Plan expenditure Rs 5,55, 322 crore: FM.

Plan expenditure in 12th Five Year Plan revised to Rs 14,30,825 crore or 96 per cent of budgeted expenditure

We have brought down headline WPI inflation to 7 per cent and core inflation to 4.2 per cent. Food inflation is worrying: FM.

24.3 % hike in expenditure for health care both rural and urban health mission.

12.5 % hike in Scheduled caste and Scheduled tribe sub-plans

Overarching goal to create opportunities for youth to acquire skills for self-employment

All flagship programmes adequately funded. Ministries must take it forward.

Average economic growth rate in 11th Plan period is 8 per cent, highest ever in any Plan period.

Battle against inflation must be fought on all counts.

Foreign investment is imperative

Current account definict high due to dependence on oil , high gold imports

Need $75billion to bridge CAD

Present economic space is constrained by economic climate and tight monetary policy 

Courtesy : www.fnpo.org