THE INDIA BUDGET 2012: Banking for All, Infrastructure and Industrial Development
Thursday, March 15, 2012
70,000 habitations have been covered successfully in Swabhimaan. to be extended to all habitations of Pop>1000 in NE and hilly states and Pop>2000 else where
PPP investment reliance to continue , INR250 bln of INR 500 bln expected from Private Sector. Irrigation, Dams, Fertilisers , Oil &Gas, LNG Storage, Telecom Towers and Eqpt all added to list of items for Viability Gap Funding of Projects
Self Reliance in the Defence Sector
Reaction: Where will the money come from
INR 100 bln for NHAI, and IRDL, INR 100 BLN for Power Sector and INR 50 Bln for Small sscale and other institutions
Propose INR 600 bln of infrastructure Bonds
IIFCL - Credit Enhancements and Takeout Finance provision, PPP projects.
NMP for 10 crore Jobs and 25% of GDP contribution
Reaction: Pie in the sky
Some longwinded comment on Coal provision, FM hurring thru.
MoST to award 7000 kms under NHDP , 40% higher from 5000 kms last year
PPP in Road construction
FDI of 50% in Air Transport and MRO under active consideration
Central Assistance on INR 185 bln and Japanese $4.5 bln for DMIC projects
National Housing Fund to INR 40 bln. Interest subvention of 1% extended for affordable housing
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