Union Finance Minister P Chidambaram presents the budget for 2013-14

Highlights of budget for 2013-14 presented in the Lok Sabha Thursday by Finance Minister P. Chidambaram:

• Revised budget expenditure for 2012-13 at Rs.14 lakh 30,824 crore
• Budget expenditure for 2013-14 at Rs.16 lakh 65,297 crore; plan expenditure at 5 lakh 55,224 crore
• Rs.41,000 crore for Scheduled Caste plan
• Rs.97,000 crore for women's development
• Rs.110 crore for department of disabilities
• Rs.37,330 crore for health ministry
• Average growth during UPA-1 was 8 percent; high growth not a novelty
• Current account deficit a worry because of high oil and gold imports
• Will need $75 billion to finance current account deficit
• Need to encourage FDI in consonance with economic priorities
• WPI inflation down to 7 percent; food inflation worrying.

Source: msn