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Union budget 2011

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  • improving our institutions, public delivery and governance practices, remain relevant
  • The effective revenue deficit, therefore, drops to 2.3% of GDP against 3.4% of GDP
  • Transcript

    • 1. Union Budget 2011-2012 By – Anuj Singh
    • 2. Union Budget…..
      • Union Budget is known as the Annual Financial Statement for a country
      • presented every year on the last working day of February by the
      • Finance Minister of India in Parliament
      • It has to be passed by the house and come into effect on 1 April of the year
      • Time of Budget Announcement…..
      • Until 2000 budget was announced at 5 pm on the last working day of February ,and it was inherited from Colonial Era (British Parliament)
      • Changed in 2001 by Mr. Yashwant Sinha as announced at 11 am
    • 3. Focus of Budget 2011…..
      • India to grow 9% in 2011-12 against 8.6% .
      • Fiscal Deficit down to 4.6% from 5.1% .
      • Revenue deficit to fall 1.8%
      • Dropdown Inflation rate as food inflation in terms of percentage has come down from 20.2 to 9.3
      • Average inflation and Current account deficit are expected to be lower ,smaller and better managed with stable capita income.
      • Scaled up the flow of resources to rural area to give more thrust to development which is put an impact on new dynamism of rural economy.
      • Focus on improving institutions ,public delivery and governance practices.
    • 4. Features of Budget…..
      • Small decline in tax liability for men and no change in tax liability for women
      • Hospital, medical bills to high 5%
      • Grocery bill may go up by 4-5%
      • Raise credit flow to the farmers from 3,75,000 cr. to 4,75,000 cr.
      • For infrastructure and industry an allocation of over 2,14,000 cr. is being made .
    • 5. Features of Budget…..
      • For social sector a proposed allocation of 1,60,887 cr.
      • First time, specific allocations are being earmarked towards Scheduled Castes Sub-plan and Tribal Sub-plan (allocation of 244 cr.) .
      • For education an allocation of 52,057 cr. ,which is an increase of 24 % over the current year.
      • The fund allocated in Health sector 26,760 cr.
    • 6. Budget Estimates 2011-12
      • The Gross Tax Receipts are estimated at Rs 9,32,440 crore.
      • The total expenditure proposed is Rs 12,57,729 cr. .
      • The total plan and non-plan transfers of Rs 2,01,733 cr to States and UT Governments.
      • The "effective revenue deficit" is drop down to 2.3% of against 3.4% of GDP and expected to drop down at 1.8 % in 2011-12.
    • 7. Overview of the Indian Economy
      • GDP estimated to have grown at 8.6 % in real terms and
      • expected to grow at 9 % with an outside band of (+/- )0.25%
      • Exports have grown by 29.4 %
      • Imports have recorded at a growth of 17.6 % .
      • In 2010-11 agriculture is estimated to have grown at 5.4 per cent, industry at 8.1 per cent and services at 9.6 per cent.
    • 8. Sustaining Growth…..
      • Fiscal Consolidation
      • Tax Reforms
      • Expenditure Reforms
      • Subsidies
    • 9. Investment Environment
      • Foreign Direct Investment
      • Foreign Institutional Investors
      • Financial Sector legislative Initiatives
      • Micro Finance Institutions
      • Rural Infrastructure Development Fund
      • Micro, Small and Medium Enterprises
    • 10.
      • Infrastructure and Industry
        • Exports
        • Black Money
      • Environment and Climate Change
      • Agriculture
      • Education
      • Health
    • 11. TAX PROPOSALS
      • Direct Taxes
      • Indirect Taxes
      • Agriculture & Related Sectors
      • Manufacturing Sector
      • Environment
      • Infrastructure
      • Service Tax
    • 12.  

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