LPG to cost Rs 40 more per cylinder from March 1, 2002.
Kerosene to cost Rs 1.50 more per litre.
Petrol prices reduced by Re 1 per litre.
Diesel prices slashed by Rs 0.50 per litre.
Fiscal deficit for 2001-02 pegged at 5.7 per cent of the GDP.
Fertiliser subsidy to be reduced, 5 per cent increase in issue price of urea, DAP and MoP, subsidy on SSP to be slashed by Rs 50 per tonne.
Retail price of PDS sugar reduced to Rs 13.50 per kg from March 1, 2002.
Compulsory levy on sugar to be reduced from 15 to 10 per cent.
Central assistance to state plans hiked by about 20 per cent.
Most administered interest rates reduced by 50 basis points.
Public investment in key infrastructure sector stepped up to Rs 37,919 crore (Rs 379.19 billion).
Defence expenditure for next year provisioned at Rs 65,000 crore (Rs 650 billion).
Proceeds from divestment of PSUs pegged at Rs 12,000 crore (Rs 120 billion) during 2002-03 against estimated proceeds of Rs 5000 crore (Rs 50 billion) in 2001-02.
Administered price mechanism for petroleum sector to be dismantled from April 1, 2002.
Petroleum regulatory board to be set up to oversee the sector.
Dereservation of 50 items of knitwear, certain agricultural implements, auto components and some chemicals and drugs in small-scale sector.
Shortfall in net revenue by Rs 20,683 crore (Rs 206.83 billion) in 2001-02.
For fiscal 2002-03, the total expenditure pegged at Rs 4,10,309 crore (Rs 4103.09 billion) of which Rs 1,13,500 crore (Rs 1,135 billion) is plan and Rs 2,96,809 crore (Rs 2968.09 billion) is non-plan.
Infrastructure equity fund of Rs 1000 crore (Rs 10 billion) will be set up.
Reform linked assistance to states pegged at Rs 12,300 crore (Rs 123 billion), Rs 2,500 crore (Rs 25 billion) provided for policy reforms in sectors constraining growth.
Urban reform incentive fund to be set with Rs 500 crore (Rs 5 billion).
New insurance scheme for Janraksha to provide protection to needy population.
Total credit flow to agriculture sector through institutional channels is expected to increase to Rs 75,000 crore (Rs 750 billion) in 2002-03.
Allocation for Accelerated Irrigation Benefit Programme increased to Rs 2800 crore (Rs 28 billion) from Rs 2000 crore (Rs 20 billion).
Allocation for agricultural research enhanced to Rs 775 crore (Rs 7.75 billion) from Rs 684 crore (Rs 6.84 billion).
For promotion of agri exports, Agri Export Zones will be promoted.
Plan outlay has been hiked by 22 per cent in power, 39 per cent in roads and highways and 23 per cent in railways totalling to Rs 37,919 crore (Rs 379.19 billion).
Allocation under Accelerated Power Development and Reform Programme increased to Rs 3,500 crore (Rs 35 billion) from Rs 1,500 crore (Rs 15 billion).
Nearly 12,200 posts in central government ministries and departments will be abolished out of the identified surplus manpower of 42,200.
Legislative changes to be introduced in SEBI Act for investor's protection.
FII portfolio investment will not be subject to sectoral limits for foreign direct investments except in certain specified sectors.
Corporatisation of stock exchanges will be completed in 2002-03.
Bill on banking sector reforms to be introduced to strengthen creditors' rights.
Industrial Development Bank of India to be corporatised within the coming year to provide flexibility.
Foreign banks will have the options to either operate as branches of their parent banks or to set up subsidiaries.
For housing finance institutions, the NHB will launch a mortgage credit guarantee scheme to protect lenders against default.
Indian companies can now invest up to $100 million abroad on an annual basis through the automatic route and those making overseas investments in joint ventures abroad by market purchases may now do so without prior approval up to 50 per cent their net worth.
Freight subsidies will continue to be provided for LPG and kerosene to far-flung areas.
Subsidies to refineries in the northeast will continue on rationalised basis.
Rs 886 crore (Rs 8.86 billion) for tribal welfare.
Allocation for elementary education and literacy hiked by 30 per cent to Rs 4900 crore (Rs 49 billion).
Allocation for science and technology fixed at Rs 1290 crore (Rs 12.9 billion) for 2002-03, an increase of 40 per cent over last year.
Universalisation of elementary education allocated Rs 1650 crore (Rs 16.5 billion) for 2002-03.
Plan allocation for women and child development increased by 33 per cent at Rs 2200 crore (Rs 22 billion).
National Vector Borne Disease Control Programme, including malaria and dengue, allocated Rs 235 crore (Rs 2.35 billion) while AIDS control programme sanctioned Rs 225 crore (Rs 2.25 billion).
Amendment to milk and milk products control order to remove restrictions on milk processing capacity.
Removal of small-scale industry reservations related to various agricultural equipment items.
Decanalisation of export of agricultural commodities and phasing out of remaining export controls.
Expansion of future and forward trading to cover all agri commodities.
Seventy-five thousand kilometres proposed to be added to the optic fibre cable network in 2002-03.
