THE INDIA BUDGET 2012: Banking for All, Infrastructure and Industrial Development

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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One thought on “THE INDIA BUDGET 2012: Banking for All, Infrastructure and Industrial Development

  1. Pingback: FDI and Investing attractions in India: Where’s everything headed then! | The Banking and Strategy Initiative

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