|
|
|
|
|
|
| |
| |
By Category |
 |
|
|
| |
|
| |
| |
India On Media |
|
|
|
| |
|
| |
|
|
| Others
News |
|
| Indian budget targets education |
| The Indian government is to increase education spending by 20% and health spending by 15%, as it unveils its budget for the coming financial year.
|
| INDIA
, 29-February-2008
1:6:23 AM |
| Widely seen as a populist budget ahead of a general election due by May 2009, the government also pledged to keep control of food prices.
As India's economy booms, Finance Minister Palaniappan Chidambaram also pledged to control wider inflation.
He added that India's annual economic growth was now running at 8.7%.
This figure, which covers the current financial year to 31 March 2008, is a slight slowdown from 9.6% in 2006-2007 - India's fastest economic expansion in 18 years.
Over the past year India has increased interest rates and reduced the supply of the rupee to cool this breakneck growth.
'Price pressure'
"There is pressure on domestic prices, especially the prices of food articles," Mr Chidambaram told the Indian parliament.
"Management of the supply side of food articles will be the most crucial task in the ensuing year."
"Keeping inflation under check is one of the cornerstones of our policy."
Mr Chidambaram added that the government was determined to see India become sufficient in food grains.
|
|
|
|
|
|
|
|
ADVERTISEMENTS
Free offer!!! Become an administrator for your zip home page, "Post" local news (local to your postcode)& pictures, "Post" advertisement banners from local companies. Make Extra money.
|
 |
 |
|
|
| |
|
