NEW DELHI: The Union Budget 2009-10 was hailed by Congress leaders in Delhi on Monday as a development-oriented and pro-poor budget which would take the country forward.

Vivek Sinha
July 6: Finance minister Pranab Mukherjee has chosen infrastructure development in rural and urban areas to provide economic stimulus to the economy and to usher in inclusive growth.

The first Budget of the second UPA Government at the Centre failed to look at the specific requirements of Kerala, for which detailed representations had been made by the Parliament members from the State, but Finance Minister Pranab Mukherjee did make some decent allocations for infrastructure and development projects in the State.

Sujay Mehdudia

NEW DELHI: The infrastructure sector and the recession-hit real estate sector are looking forward to the Union budget with great expectations. Both the sectors, which require huge investments, are expecting a big boost to revive growth and put them on the path of recovery.

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Work on infrastructure projects in the North-east is all set to gather momentum, with Ministry DoNER firming up a road map for finalisation of projects and preparation of Detailed Project Reports (DPRs), within the first 100 days of the UPA Government. The projects covering all eight North Eastern States (NES) are linked to the Rs 500 crore earmarked in the 2008-2009 Budget.

With the aim to give an impetus to industrialisation, the state government has formulated a new infrastructure policy under which projects would be completed in a phased manner.

This new policy would focus on completion of major projects like overbridges, metro rail, bridges, by-passes, warehouses and power stations in a stipulated time frame.