Disivestment target Rs.25,000 crore -Governance Now

Disivestment target Rs.25,000 crore

Budget highlights

PTI | February 26, 2010

Finance Minister Pranab Mukherjee

Highlights of Finance Minister Pranab Mukherjee's budget speech:

* Government will raise Rs.25,000 crore from disinvestment of its stake in state-owned firms.

* Earnest endeavour to implement General Sales Tax in April 2011.

* Indian economy now in a far better position than it was eight years ago.

* India weathered economic crisis well.

* Need to review stimulus imparted to econony.

* Need to review public spending and mobilise resources.

* High food inflation due to bad monsoon & drought conditions.

* Steps being taken to tackle price rise.

* Economy in far better position than it was eight years ago.

* First challenge is to quickly revert to 9% high GDP growth.

* Second to make growth more inclusive and consolidate gains.

* Impressive recovery in past few months.

* Economy stabilised in Q1 of 2009 itself.

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