1 / 12

BUDGET FY2010

BUDGET FY2010. PRESENTED BY PALLADIO PRANSA & PARTNERS. BUDGET FY2010- Key Takeaways. The Indian Government’s expenditure will exceed Rs10 trillion in FY10 to boost economic growth with higher investments in infrastructure.

duaa
Télécharger la présentation

BUDGET FY2010

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. BUDGET FY2010 PRESENTED BY PALLADIO PRANSA & PARTNERS

  2. BUDGET FY2010- Key Takeaways • The Indian Government’s expenditure will exceed Rs10 trillion in FY10 to boost economic growth with higher investments in infrastructure. • Most of this will be devoted to extra spending on roads, irrigation and power • The government has pegged revenues from auction of 3G spectrum • at Rs350bn • Fiscal deficit has increased to 6.8% of GDP compared to 5.5% in • February 09 • 144% rise in spending on the rural employment guarantee scheme • An increased allocation of nearly INR40bn for urban housing and promises to give credit at “reasonable rates” to small businesses.

  3. Impact on Infrastructure • Increase in investment in the infra sector from 5.8% of GDP to more than 9% of GDP • Higher outlay on Urban infrastructure (outlay up 87%) and Power (APDRP scheme outlay up 160%) • IIFCL will refinance 60% of commercial bank loans for PPP projects over the next 15-18 months • Bank credit to infrastructure projects has increased to its highest point in the last 4 years • Abolishing of the Fringe Benefit Tax • Increase in Minimum Alternative Tax (MAT) from 10% to 15%-marginally negative for infra projects

  4. Reasonable Increase In Allocation for Projects

  5. Infrastructure Spending as a % of GDP

  6. Lending to Infrastructure as % of Total Bank Credit Is at a Four-year High

  7. Rail Budget • Union Railway Minister Ms. Mamta Banerjee presented her first budget for the United Progressive Alliance (UPA) on 3 July 2009 • Keeping the passenger fares and freight rates unchanged, she has presented a people and industry friendly budget. • Freight rates were unchanged and passenger rates were reduced by 2% • Gross Traffic earnings for FY10 is projected at Rs 884 bn • Targets are positive. We expect companies like L&T, Kalindee Rail, IRCON, Era Construction, Kernex Micro along with other companies in railway space are key beneficiary.

  8. Annual Plan 2009-10 • Budget estimates for construction of new lines and track work has also been revised significantly by 74% to Rs 47 bn as compared to Rs 27 bn in the interim budget. • New Lines outlay- Rs. 2.9 bn, increase of 166% on interim budget • Gauge conversion- Rs. 1.7 bn- increase of 24% on interim budget • Acquisition of 18000 wagons in 2009-10 against 11000 in 2008-09 • Additional budgetary support of Rs. 20 bn sought for 11 national projects.

  9. Annual Plan 2009-10… • Dedicated Freight corridors declared ‘ Diamond Rail Corridors’ • Foundation being laid for Eastern Industrial Corridor alongside the Eastern Freight Corridor • Railways’ land banks to be productively utilized to catalyze development in this corridor • 57 new train services to be introduced. • Extension of 27 trains also envisaged. • Frequency of 13 trains to be increased.

  10. Key Initiatives • Ten Rail projects in the North-East region have been declared as National Projects • Railways budget announced more public private partnerships (PPP’s) • Under the PPP model railways is planning to construct 50 stations which are to be developed into world class stations with international facilities • Laying of Optic Fibre Cable Network along Railway track for commercial utilization

  11. Key Initiatives contd..

  12. THANK YOU

More Related