Explain, Chids!!
How can you do this -
Government proposes to wipe out revenue deficit by 2007/08 against 2008/09 target set in the Fiscal Responsibility and Budget Management Act.
while you do this -
Rs 3,500 crore subsidy for Antodaya scheme under which, foodgrains would be provided for the poorest of the poor.
Irrigation programmes to be restructured to complete the projects. Rs 2300 crore (Rs 23 billion) provided for accelerated rural development programme.
One lakh irrigation units will be revamped using assistance from NABARD. Fifty per cent subsidy will be provided for such schemes.
On scheduled castes welfare programme, an allocation of Rs 1,180 crore has been proposed, marking an increase of Rs 1,137 crore.
For welfare programmes of Scheduled Tribes, allocation of Rs 1,146 crore has been proposed. It marks an increase of Rs 1,087 crore.
Budget proposes to increase the subsidy under the Health Insurance Scheme. For individuals it has been raised to Rs 200, Rs 300 for a family of five, and Rs 400 for a family of seven.
Rs 8000 crore for Rural Infrastructure Development fund to be provided.
Equity support of Rs 14,194 crore and loan of Rs 2132 crore to be given to the PSEs including the Railways during 2004-05.
........... and many many other sops!
Surely, the cess on my salary won't cover all this, and wipe out the fiscal deficit?
while you do this -
........... and many many other sops!
Surely, the cess on my salary won't cover all this, and wipe out the fiscal deficit?