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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

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>.

Transcript

  • 1. Highlights of Union Budget 2012-13
  • 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. 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. 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. 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. 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. 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. 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. COSTIER •Large cars •Imported bicycles •Cigarettes, bidis •Imported jewellery CHEAPER •Branded silver jewellery
  • 10. Budget Simplified Facebook Website Twitter
  • 11. Disclaimer: • Kotak Securities Limited, Registered Address: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai 400 051. SEBI Registration No: NSE INB/INF/INE 230808130, BSE INB 010808153/INF 011133230, OTC INB 200808136, MCXSX INE 260808130. Investments in securities are subject to market risks, please read the SEBI prescribed Combined RDD prior to investing. • Correspondence Address: Infinity IT Park, Bldg. No 21, Opp Film City Road, A K Vaidya Marg, Malad (East), Mumbai 400097. Tel no: 66056825. • The views expressed by experts on the Website of Kotak Securities or any other platform are framed by Simplus Information Services Pvt. Ltd. and viewers to check with certified experts before taking any decision on said views. However, Kotak Securities does not guarantee or warrant the accuracy, adequacy or completeness of any information or representations viewed on any links or on any other platform and is not responsible for any errors or omissions or for the results obtained from the use of such information. Kotak Securities especially states that it has no financial liability whatsoever to any user or viewer on account of the use of information provided on its website or any other platform. The content, information and other material displayed or viewed on the website of Kotak Securities are submitted by Simplus Information Services Limited. Kindly note that Simplus Information Services Pvt. Ltd. are responsible for ensuring that material submitted for inclusion on the website of Kotak Securities or on any other platform complies with all the legal formalities. Any information displayed or viewed on its website or any other platform is to be construed as public conversation only.