UNION BUDGET 2013-14INDIAN ECONOMY IS ESTIMATED TO HAVE REGISTERED A GROWTHRATE OF 5.0 PERCENT IN 2012 -13 , FOLLOWING A G...
OVERALL BUDGET SIZE Total expenditure in budget estimates 2012-13 was  Rs 14,90,925 crores but in Revised budget  estimat...
BUDGET FOR CONSUMER Smart phones to be more expensive Luxury cars to cost a lot more Big homes to cost more Pay more t...
Programes & Initiatives Gender budget which allocates Rs 97,134 crore for women &    Rs 77,236 crore for children.   Rs ...
 National Food Security Bill. Food security going to be    fundamental right. Additional Rs 10,000 crore given for it.  ...
 Tax concession for first time home buyer Direct Benefit Cash transfer for poor started from 1st  Jan 2013 Surcharge on...
Needs to be answered Allocation for higher education is less. Just Rs 3,983    crores for RMSA   Disinvestment plans of ...
 Food security bill proposed with just additional Rs 10,000 crores. It’s a time bomb. Spending very likely to be much abo...
Union budget 2013 analysis
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Union budget 2013 analysis

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Union budget 2013 analysis

  1. 1. UNION BUDGET 2013-14INDIAN ECONOMY IS ESTIMATED TO HAVE REGISTERED A GROWTHRATE OF 5.0 PERCENT IN 2012 -13 , FOLLOWING A GROWTH OF 6.2 PERCENT IN 2011-12. REASONS:W EAKENING INDUSTRIAL GROWTH BECAUSE OF TIGHT MONETARYPOLICY BY RBI & CONTINUED UNCERTAINTY IN GLOBAL ECONOMY
  2. 2. OVERALL BUDGET SIZE Total expenditure in budget estimates 2012-13 was Rs 14,90,925 crores but in Revised budget estimate for 2012-13 it came to be around Rs 14,30,825 crores Total expenditure in budget estimates for 2013-14 is Rs 16,65,297 crores. Plan expenditure for Revised estimate in 2012-13 is Rs 4,29,187 crores but for 2013-14 it is Rs 5,55,322 crores which amounts to 29.4 % increase to support 12th Five Year Plan
  3. 3. BUDGET FOR CONSUMER Smart phones to be more expensive Luxury cars to cost a lot more Big homes to cost more Pay more to eat out Smokers to get a coughing fit SUV to be a harder sell
  4. 4. Programes & Initiatives Gender budget which allocates Rs 97,134 crore for women & Rs 77,236 crore for children. Rs 200 crore for women support National Programme for Health Care , Rs 150 crore allocted for geriatric depts Rs 65,867 crore allocated to educational purposes ICDS gets Rs 17,700 crores Rs 80,194 crores for rural devpt JNUURM gets Rs 14,873 crores for purchasing 14,000 buses Rs 27,049 crore dedicated to agriculture. Agricultural research gets Rs 3,415 crores, Rs 200 crores for nutri-farms & for coconut devpt Kerala gets Rs 75 crore
  5. 5.  National Food Security Bill. Food security going to be fundamental right. Additional Rs 10,000 crore given for it. Infrastructure needs USD 1 trillion according to 12th Five Year Plan. Pvt sector 47% investment. Govt has taken measures like IDF, IIFCL, Tax free bonds , RIDF , etc for attracting pvt investment VOC port at Toothukudi to get Rs 7,500 core CSR Funds ( 2% ) to technology incubators India’s first women’s bank gets Rs 1000 crores Several social security measures taken Devpt of Debt market Skill devpt programs for youth such as ASAP Rs 2,03,672 crores allocated for defense
  6. 6.  Tax concession for first time home buyer Direct Benefit Cash transfer for poor started from 1st Jan 2013 Surcharge on upper income group. Tax on tax Fund for women devpt. Nirbhaya fund gets Rs 1000 crores Post office to be part of core banking solution. Allocates Rs 532 crores for it.
  7. 7. Needs to be answered Allocation for higher education is less. Just Rs 3,983 crores for RMSA Disinvestment plans of Rs Rs 55,814 crores highly ambitious To encourage investors only small measures taken. Incentives like no tax for first 5 years not considered Regional imbalance present in this budget. Kerala just gets mere 75 crores for coconut devpt & Rs 130 crores for Kochi metro which is just 3% of its actual need & Rs 30 crores for Vallarpadam terminal whereas Tuticorin port, gets Rs 7,500 crores Direct investment by govt in infrastructure very less. Only measures to inc pvt investment considered.
  8. 8.  Food security bill proposed with just additional Rs 10,000 crores. It’s a time bomb. Spending very likely to be much above that . That will led to borrowings finally leading to inc in fiscal deficit from expected 4.8% which will derail the economy.

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