Budget helps Indian economy to return to path of growth says Chidambaram

New Delhi July 6 (ANI): Union Home Minister P. Chidambaram has hailed the union budget, saying it has been prepared with great skill and wisdom and with the objective of stimulating the economy and returning to the high growth path.

Chidambarm expressed hope that the economy will be boosted with the stimulus packages and measures announced to save the Indian economy from global melt down.

Chidambaram appreciated the steps taken by Pranab Mukherjee to stimulate infrastructure development by creating India Infrastructure Finance Company Limited (IIFCL). He also expressed happiness over the creation of Accelerated Irrigation Benefit Programme (AIBP) that is expected to help farmers.

More allocation of funds to the project like National Rural Employment Guarantee Scheme (NREGS), Pradhan Mantri Gram Sadak Yojana (PMGSY) Indira Awas Yojana (IAY), would help in promoting inclusive growth and creation of jobs, he said.

Home Minister Chidambaram thanked Pranab Mukherjee for allocating 100,000 houses for Central Para-Military Force personnel, and allowances on par with the army.

Chidambaram also thanked Pranab Mukherjee for his proposal to interest subsidy for educational loans taken by students belonging to economically weaker sections, and introducing the National Food Security Act. (ANI)