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Apparel/Garments

Indian Union Budget 2006-2007 - Live

28 Feb '06
3 min read
Short term credit to farmers 7.0 % NABARD told to extend refinance with the farmers credit.

Port sector development announced. 37% increase to Rs 700 cr for Shipping sector.

Refinery investment to go up.

Coal Policy on the way.

Five Mega Power Projects announced.

Power sector growth about 4.5%

Ministerial Group for CLUSTER DEVELOPMENT

Tourims linked for promotion of Handlooms

FDI in infrastructure to benefit.

14,300 cr allocated for rural employment.

Savings up 21.9 %

national jute fibre board to be established.

Handloom mart to establish and interest subsidy in handloom sector to go up 195 cr. to 241 cr.

Union Finance Minister P Chidambaram has begun his presentation on Indian union budget 2006-07.

95% of golden quarilateral to be completed.

Expert body to be set up for Gems & Jewelry sector.

Says growth rate up at 7.5 percent manufacturing up 8.5 percent and GDP up 30.1 percent.

Overall growth rate enriched at 7.0 % even as target to achieve 10 % set by PM Manmohan Singh will be aimed at.

Manufacturing growth expected at 9.4% and Economic growth 10%. Agriculture grow back 2.1%. GDP planned target at 8%.

Budget to focus on 8 point NDA development program.

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