Industry & Economy Budget
Boost for Bharat Nirman
Allocation for the flagship programme has been stepped up by about 55 per cent to give it a further thrust.
Bharat Nirman epitomises the UPA's approach to governance. It is a paradigm shift that will enable us to use the resources thrown up by the engine of growth for building infrastructure and bringing basic amenities to rural India. In the first year of its implementation, 2005-06:
Rs 944.18 crore has been released so far as grant under the Accelerated Irrigation Benefit Programme (AIBP) and the target of 600,000 hectares of irrigation potential is expected to be created this year.
Against the physical target of 56,270 habitations, 47,546 habitations have been covered until January 2006 under the Accelerated Rural Water Supply Project
5,337 habitations were connected under the rural roads programme by September 2005.
870,000 rural houses have been constructed and a sum of Rs 2,260 crore has been released till January 2006.
The entire allocation for rural electrification of Rs.1,100 crore has been released and the target of covering 10,366 villages is expected to be achieved in the current fiscal.
17,182 villages have been provided with a telephone till December 2005 in the first year of the three-year programme.
These numbers are a complete answer to those who scoffed at Bharat Nirman. The budgetary support will have an increase of 54 per cent.
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Offers in manufacturing, services
Boost for soya
MAT rates altered
Captains tuned in
`Fiscal deficit to come down'
`Good Budget for industry'
Stable tax structure welcomed
It'll promote export growth
Focus on rural sector
It gets 8 marks out of 10
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Duty cuts for plastics, hydrocarbons
Zero customs duty on set-top boxes to benefit manufacturers
Customs duty hike — Vanaspati industry disappointed
Wiring up India with highway networks
On the expressway
Higher allotment for highways
No relief for oil cos on pricing, duty structure
Pharma sector sulks as Budget ignores wish-list
A no-show for the pharma sector
`Not much for pharma sector'
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More coal blocks for power sector
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Shipping management services expensive
Marginal duty cut for alloys, metals — Proposal to cut duty on mineral products to 5 per cent
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15 new services under tax net — Scope expanded in banking, financial services
If only consumers had lobbyists
Hails nod for tea protection fund
Tea industry hails allocation
Wah! Budget
`A boost to replantation'
`Will help exports'
Policy overhaul for coal sector
`No relief for domestic liquor players'
A mild choker
Additional excise irks cigarette cos
Tobacco shrugs off excise hike
FMCG prices to stay put
No reason to blush
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Toyota not to hasten small car launch
Positive spin to auto ancillary
A ray of hope
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Priority in lending to food sector — Rs 1,000-cr corpus for refinancing loans
Priority sector status hailed
`Greater credit flow likely'
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A fine cut for paper
Paper sector happy with excise cut
`Impetus for growth'
Constraint on raw material sourcing
Excise duty cut for paper products
`Likely to see flight of IP to tax-friendly nations'
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Jute industry upset
Govt may dilute stake in non-navratnas
Going the extra mile for the farmer
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Service tax hike not to have inflationary impact
Bank deposits to get 80C deduction — Recapitalisation bonds to be converted into tradable securities
No bad news on income taxes
Tweaking the FBT
Fringe Benefit Tax provisions modified — India Inc not mollified, wants it to go completely
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