On the fast track

The finance minister has placed his bets on growth through rapid technological development, but critics say he should proceed with caution
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RURAL PRIORITIES
Increased allocation for rural development
1993-94
in Rs crore
1994-95
in Rs crore
Rural development 5620 7025
Employment programmes 3906 5055
Water supply & sanitation 770 951
Wasteland development 50 60
MARGINAL RISE
Budgetary allocations for environment protection
1993-94
in Rs crore
1994-95
in Rs crore
Ministry of environment anf forests 399 418
Forestry & wildlife 199 219
Pollution control 111 128
Prevention of Ganga pollution 60 73
INCENTIVE TO IMPORT
Reduction in custom duties proposed in the 1994-95 budget
Existing rate New rate
Project imports & capital goods 35% 25%
Steel 75-85% 50%
Coal 85% 35%
Computer parts 80% 50%
Application software 85% 20%
Optical fibres 85% 40%
S&T ALLOCATIONS
Major outlays (in Rs crore) 1993-94
(Revised estimates)
1994-95
Atomic energy 1505 1253
Space 718 754
Electronics 178 154
Non-conventional energy 204 226
Ocean development 56 59
Biotechnology 88 90
Science & Technology 339 386
Council of Scientific & Industrial Research  343 360
Indian Council of Agricultural Research 457 473
Indian Council of Medical Research 56 58
Ministry of environment & forests (for zoological & botanical surveys of India) 399 418
Total 4343 4231

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