Budget 2013 by Dinesh kumar
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Budget 2013 by Dinesh kumar

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Budget 2013 by Dinesh kumar from Versatile Business School

Budget 2013 by Dinesh kumar from Versatile Business School

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  • 1. “Higher growth leading to inclusive & sustainabledevelopment”
  • 2. ECONOMIC GROWTH OF2012 Global economy growth of acountry slowed down from 3.9%in 2011 to 3.2% in 2012. Export and Import amount to43% of GDP. CSO has estimated growth at5%. RBI estimated growth at 5%.Final Estimate, it willbe below India’sPotential growth of8%.
  • 3. Budget Estimation2012 2013Total Expenditure Rs.14,90,925 Rs.16,65,297Plan Expenditure Rs.14,30,825 Rs.5,55,322(amount in crore)
  • 4. SC, ST, Women and ChildrenRs.97,134C Allotted for programmers related towomen.Rs.77,236C Allotted for programmers related tochildren.
  • 5. Disable Person2012-2013 Rs.75 crore allotted.2013-2014 Rs.110 crore allotted to thedepartment of disabilityaffairs for ADIP scheme.
  • 6. Health Ministry of Health and Family Welfare allotted – Rs.37,330C New National Health Mission allotted - Rs.21,239C National Programmers for Health Care of Elderly-Rs.150C
  • 7. EducationMinistry of HRD -Rs.65,867CMedical education, Training & Research -Rs.4,727CScholarship to students belonging to SC,ST,OBC,Minority & Girlchildren – Rs.5,284C
  • 8. ICDS2012-2013 Rs.15,850C provided.2013-2014 Rs.17,700C provided.
  • 9. Rural Development2012-2013 Rs.55,000C allotted.2013-2014 Rs.80,194 allotted for ministry. Benefited state-AP,H,K,M,P & R.
  • 10. Green RevolutionBringing green revolution to Eastern India Rs.1,000Callotted in 2013-2014.Assam, Bihar and West Bengal have increased theircontribution to rice production.
  • 11. Banking2012-2013 Rs.12,517C allotted. Rs.4000C to RHF2013-2014 Rs.14,000C allotted asinfusing capital. 6,000 crore to Rural HousingFund in 2013-14.
  • 12. Infrastructure Infrastructure Debt Funds (IDF) to be encouraged. Infrastructure tax-free bond of Rs.50,000 crore in 2013-14. 3000 km of road projects in Gujarat, MadhyaPradesh, Maharashtra, Rajasthan and Uttar Pradesh will beawarded in the first six months of 2013-14.
  • 13. InvestmentRajiv Gandhi Equity Savings Scheme to be liberalised.Additional deduction of interest upto Rs.1 lakh for a persontaking first home loan upto Rs.25 lakh during period1.4.2013 to 31.3.2014.
  • 14. Post Offices To modernise the postal network at a cost of Rs. 4,909 crore. Post offices to become part of the core banking solution andoffer real time banking services.
  • 15. Tax Proposal No change in the normal rates of 12% forexcise duty and service tax. Duty on specified machinery for manufactureof leather and leather goods includingfootwear reduced from 7.5 to 5 percent. Cell phone, air-conditioned restaurant mealstax are increased in service tax. Readymade garments, carpets and jute willcost less owing to reduction in excise duty. Duty on Set Top Boxes increased from 5 to10percent. Duty on raw silk increased from 5 to 15percent.