�� India Infrastructure Finance Company Ltd. (IIFCL) to refinance upto 60 per cent

of commercial bank loans for PPP projects involving total investment of Rs.1,00,000

crore in infrastructure over the next eighteen months.

�� In addition to RBI taking number of monetary easing and liquidity enhancing

measures such as reduction in cash reserve ratio, statutory liquidity ratio and key

policy rates, Government has taken specific measures which include extension of

export credit for labour intensive exports, improving pre and post shipment credit

availability, additional allocations for refund of Terminal Excise Duty/CST and

export incentive schemes besides removal of export duty and export ban on certain

items. A Committee of Secretaries set up to address procedural problems faced by

exporters.

�� Record US$ 32.4 billion FDI received in 2007-08 and notwithstanding financial

uncertainty and slowdown, FDI inflows during April-November, 2008 were US$

23.3 billion recording a growth of 45 per cent over the same period in 2007.

�� FRBM targets for the current year and for fiscal 2009-10 relaxed to provide

much needed demand boost. However, medium term objective is to revert to

fiscal consolidation at the earliest.

INITIATIVES AND ACHIEVEMENT

Agriculture