ECONOMIC SURVEY 2009-10

* Current fuel prices not fiscally sustainable

* expenditure control needed to control deficit

* Power, coal seeing a revival

* Infra capacity need to be accelerated

* Expect revenues of Rs 820 to 850 Crs in FY10

* Timely off-loading of food stocks need urgent attention

* Rationalise port service charges

* Lower peak custom duty to 7.5% from 10%

* Monetary measures must ensure credit growth

* Lower than budgeted non taxed revenue expected

* Medium term prospects of Indian economy really strong

* Major decline in consumption expenditure growth in FY10

* To give higher share to states despite fiscal strain

* States to get 1.5% more: Pranab

* To compensate states on revenue loss when GST rolled out

* Local bodies to also get share of central taxes

* Accepted major recommendations of 13th Financial Panel

* Food inflation is at present hovering close to 18%

* Moots direct food subsidy via food coupons to households

* Survey favours making available food in open market

* Survey favours monthly ration coupons usable anywhere for poor

* Fiscal deficit may be cut to 5.5%

* Gas output up 52.8 per cent to 50.2 billion cubic meters with RIL starting production

* Trade gap narrowed to USD 76.24 bn in April-December

* India 10th largest gold holding nation at 557.7 tonnes

* Large decline in customs, excise expected

* Tighten FRBM clauses for future relaxations

* Overall revenue transfers to state at 39.5%

* Services sector growth rate at 8.7%

* Virtually every second Indian has access to phone

* Fundamental policy changes needed for trade

* Wants credit available at reasonable rates on time for private sector to invest in agriculture

* Small shortfall in revenue recept in FY10

* Overall farm GDP decline of 0.2% in FY10

* Investment growth still below GDP growth rate

* India not immune to global prices

* Auction for 3G spectrum to provide existing and foreign players to bring in new technology and innovations

* India world's 2nd largest wireless network with 525.1 million mobile users

* Slowdown in infrastructure that began in 2007, arrested

* Government initiates steps to boost private investment in agriculture

* Credit needed for private investment in agriculture

* Imports in April-December 2009 down 23.6 per cent

* Exports in April-December 2009 down 20.3 per cent

* Gross fiscal deficit pegged at 6.5 pc of GDP in 2009-10

* Favours making available food in open market

* Hype on Kharif crop failure helped hoarding

* Poor rainfall stopped prices falling

* Delay in releasing imported sugar pushed up prices

* Farm and allied sector production falls 0.2 per cent in 2009-10

* Rising food inflation a major concern

* Growth in private investments

* Growth has to quicken

* Watch and withdraw stimulus

* Risks of double dip recession seen

* Economy likely to grow up to 8.75%

* Inflation may spread, warns survey

* V-shaped recovery seen

* Economic recovery weak

* India's GDP growth rate in 2009-10 was 7.2%

* India's GDP to return to 9% in 2011-12

* High double digit food inflation in 2009-10

* Possible spurt in global commodity

* India can become world's fastest growing economy in 4 years

* Hike in fuel prices will impact inflation

* Pranab tables economic survey in Parliament

* The fiscal deficit for the current fiscal year is expected to shoot up to 6.8% of GDP

* The economic survey is expected to project around 7.5% growth rate for the current fiscal year