Highlights of Union Budget 2012-13


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What were the key factors that defined the Union Budget 2012-13? View the presentation to find out. For the latest updates on Union Budget 2013-14, head to: http://bit.ly/WHTKfT

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  • View key highlights of union budget 2013-13 with various facts and analysis provided by Kotak Securities one of India’s largest share broking firm. We also offer <a href="http://www.kotaksecurities.com/whatweoffer/demataccount.html">Demat Services</a>, mutual fund investment & many other equity investments. To keep a tab on various analysis from upcoming union budget 2013-14 <a href="http://www.kotaksecurities.com/budget2013-14/India-union-budget-2013-14.htm">click here</a>.
  • Highlights of Union Budget 2012-13

    1. 1. Highlights of Union Budget 2012-13
    2. 2. ECONOMY OUTLOOK • GDP growth rate was pegged at 7.6% in 2012-13 • Disinvestment target of Rs 30000 Cr. • Aim to keep subsidies under 2% of GDP in 2012-13. Over next 3 year, to be further brought down to 1.75 per cent of GDP.
    3. 3. FINANCIAL STATEMENT: BUDGET ESTIMATES • Fiscal deficit targeted at 5.1% of GDP in 2012-13, down from 5.9% in 2011-12 • Central Government debt at 45.5% of GDP • Total expenditure budgeted at Rs. 14,90,925 Cr. including Rs. 5,21,025 Cr. of Plan Expenditure and Rs. 9,69,900 Cr. in Non-Plan Expenditure • Gross Tax Receipts estimated at Rs. 10,77,612 Cr., 19.5% higher than revised estimates for 2011-12.
    4. 4. FINANCIAL STATEMENT: BUDGET ESTIMATES • Net tax to Centre estimated at Rs. 7,71,071 Cr. • Non-Tax Revenue Receipts estimated at Rs. 1,64,614 Cr. • Non-debt Capital Receipts at Rs. 41,650 Cr. • Net market borrowing required to finance the deficit at Rs 4.79 lakh Cr.
    5. 5. REDUCED TAX BURDEN • Income tax exemption limit rose from Rs. 1,80,000 to Rs. 2,00,000 • 10% for income between Rs. 2-5 lakh • 20% for income between Rs. 5-10 lakh • 30% for income above Rs. 10 lakh • Savings bank account interest up to Rs. 10,000 exempted from tax.
    6. 6. FINANCIAL MARKETS • Securities Transaction Tax on cash delivery cut 25% to 0.1 per cent • New Rajiv Gandhi Equity Saving Scheme to allow income tax deduction to retail investors in stocks • Qualified Foreign Investors to get access to corporate bond market
    7. 7. BANK CAPITALIZATION • Rs. 15,888 Cr. for capitalization of public sector banks and financial institutions INFRASTRUCTURE • Investment target of Rs 50 lakh Cr. in 12th Plan • Tax free bonds of Rs. 60,000 Cr. for finance of infrastructure projects AVIATION • External borrowings to the extent of USD one billion for aviation companies
    8. 8. HIGHER COST OF GOODS AND SERVICES •No change in corporate tax rate •Excise duty hiked •Service tax rate up from 10% to 12% •No change in peak customs duty of 10% on non-agri goods.
    9. 9. COSTIER •Large cars •Imported bicycles •Cigarettes, bidis •Imported jewellery CHEAPER •Branded silver jewellery
    10. 10. Budget Simplified Facebook Website Twitter
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