1st march 2007 private client research emkay union budget analysis 08 1 researchemkay 2union please see the disclaimer on last page for circulation fy2007 announced by finance minister p chidambaram in a nutshell is targeted more towards rural india and aimed at controlling inflationary pressures within indian economy as mentioned us our pre report fm has strongly focused agriculture infrastructure public health education which continue to be foundation blocks of been accorded big boost this years with increasing total planned outlay here 28 6 rs 225 bn bharat nirman other flagship programmes like accelerated irrigation programme water resource management rain fed area development getting renewed focus hand increased 34 2 yoy 323 5 while heath services plan up 21 9 from year 152 91 terms revenue raising measures cess increase