Health insurance, AI, railways to get boost

New Delhi: In a bid to arrest the slowdown in the Indian economy, finance minister Pranab Mukherjee is likely give a major boost to the grassroots economy and resource-starved sectors in his 2012-13 Budget next month. Revealing this, a Planning Commission member who sought anonymity said Wednesday that the finance ministry had agreed to hike Gross Budgetary Support for planned expenses by 18 per cent to `5,21,000 crores, which is `80,000 crores more than in the current financial year.
As the deficit gap between the government’s revenue (earning) and expenses is likely to go beyond five per cent of GDP, against the projected 4.6 per cent, the hike is aimed at giving resources to resource-starved sectors like the Railways, civil aviation (meaning Air India) and the UPA’s flagship programmes. With this, it is hoped in government circles that the economy might again come back to a high growth track, after it slowed to below seven per cent in the current fiscal.
23/02/12 Mukesh Ranjan/Asian Age

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Categories: Air India Feb 2012