Posts

Showing posts from February, 2013

Budget speech of finance Minister-The National Programme for the Health Care of Elderly is being implemented in 100 selected districts of 21 States. Eight regional geriatric centres are being funded for the development of dedicated geriatric departments. I propose to provide `150 crore for this programme.

Budget2013-2014
Speech  of P. Chidambaram Minister of Finance
February 28,  2013
Madam Speaker,             I rise to present the Budget for the year 2013-14. 2.         I recall my last tenure as Finance Minister and acknowledge with gratitude the splendid support that I received from all sections of the House as well as the people of India.  Today, more than ever, I seek the same support as we navigate the Indian economy through a crisis that has enveloped the whole world and spared none.  3.         I intend to keep my speech simple, straight forward and reasonably short.  I.  THE ECONOMY AND THE CHALLENGES 4.         I shall begin by setting the context.  Global economic growth slowed from 3.9 percent in 2011 to 3.2 percent in 2012.  India is part of the global economy: our exports and imports amount to 43 percent of GDP and two-way external sector transactions have risen to 108 percent of GDP.  We are not unaffected by what happens in the rest of the world and our economy too has slowed…