Sunday, August 10, 2014

UNION BUDGET 2014-2015

KEY FEATURE OF BUDGET....

FISCAL DEFICIT AND INFLATION:::::
FISCAL DEFICIT REDUCED FROM 5.7% IN 2011-12 TO 4.5% IN IN 2013-14 IS DUE TO REDUCTION IN EXPENDITURE.
IMPROVEMENT IN CURRENT ACCOUNT DEFICIT FROM 4.7% TO 1.7% IS DUE TO RESTRICTION IN IMPORT OF NON ESSENTIAL COMMODITY.
TARGET OF FISCAL DEFICIT IN 2015-2016----3.6%
TARGET OF FISCAL DEFICIT IN 2016-2017----3.0%

AGRICULTURE:::::
2 NEW AGRICULTURE RESEARCH INSTITUTE WILL BE ESTABLISHED IN JHARKHAND AND ASSOM.
100 CRORE IS SANCTIONED FOR SOIL HEALTH CARD AND  56 CRORE IS SANCTIONED FOR SETTING UP OF MOBILE SOIL HEALTH CARD.
100 CRORE IS SANCTIONED FOR SETTING UP OF NATIONAL ADAPATION FUND FOR UNEXPECTED CHANGE IN CLIMATE WHICH DESTROY THE CROP.

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