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Meaning of Budget:
        Budget means “A plan for income and expenditure
 over a future period which is supposed to achieve stated
 objectives - in a government's case raising taxes and other
 revenue and spending to provide services such as defence,
 education or social security. The Australian government
 announces ('brings down' in the jargon of the Westminster
 parliament because it was always brought down to the floor of
 the house) an annual budget in May, showing expected
 revenue and expenditure, forecasting how much it expects to
 borrow and outlining any changes in the way it will raise
 revenue. Sometimes a government will bring down a mid-year
 mini-budget or 'economic statement' to change a previously
 decided course. Companies draw up budgets, perhaps giving
 departments control over their spending. The word 'budget'
 originally means 'a bag containing papers'.
AN OVERVIEW OF THE ECONOMY in 2004-05 and 2005-06


Key Features of Budget 2006-2007:
1. IMPLEMENTING THE NCMP MANDATE
Focus on agriculture
Promoting employment
Enhancing investment
Augmenting infrastructure
2. BHARAT NIRMAN

3. FLAGSHIP PROGRAMMES

Allocation for eight flagship programs
Sarva Siksha Abhiyan
Mid-day Meal Scheme
Drinking Water and Sanitation
National Rural Health Mission
Integrated Child Development Services
National Rural Employment Guarantee Scheme
Jawaharlal Nehru National Urban Renewal Mission
National Social Assistance Programme
Women and Children
Scheduled Castes and Scheduled Tribes
Minorities
Kasturba Gandhi Balika Vidyalaya Scheme


4. INVESTMENT

5. AGRICULTURE
Irrigation
Credit
Agricultural Insurance
Plantation Sector
Micro Finance
Horticulture and Fisheries
6. MANUFACTURING
Employment
Textiles
Handlooms
Food Processing Industry
Information Technology
Small and Medium Enterprises
Cluster Development


7. SERVICES SECTOR
Tourism
Foreign Trade
8. INFRASTRUCTURE
Telecommunication
Power
Coal
Petroleum
Road Transport
Maritime Development


9. FINANCIAL SECTOR
Banking, Insurance and Pensions
Capital Market
10. OTHER PROPOSALS
Research and Development
Institutions of Excellence
Skills Development
Backward Regions Grant Fund
Jammu and Kashmir
Defence Expenditure
E-Governance
Celebrating History and Heritage
12. BUDGET ESTIMATES FOR 2006-07

13. TAX PROPOSALS
Indirect Taxes
a. Customs
b. Excise
c. Service tax
Direct Taxes
VAT and CST

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Budget 2006 07 ppt @ bec doms mba bagalkot

  • 1.
  • 2. Meaning of Budget: Budget means “A plan for income and expenditure over a future period which is supposed to achieve stated objectives - in a government's case raising taxes and other revenue and spending to provide services such as defence, education or social security. The Australian government announces ('brings down' in the jargon of the Westminster parliament because it was always brought down to the floor of the house) an annual budget in May, showing expected revenue and expenditure, forecasting how much it expects to borrow and outlining any changes in the way it will raise revenue. Sometimes a government will bring down a mid-year mini-budget or 'economic statement' to change a previously decided course. Companies draw up budgets, perhaps giving departments control over their spending. The word 'budget' originally means 'a bag containing papers'.
  • 3. AN OVERVIEW OF THE ECONOMY in 2004-05 and 2005-06 Key Features of Budget 2006-2007: 1. IMPLEMENTING THE NCMP MANDATE Focus on agriculture Promoting employment Enhancing investment Augmenting infrastructure
  • 4. 2. BHARAT NIRMAN 3. FLAGSHIP PROGRAMMES Allocation for eight flagship programs Sarva Siksha Abhiyan Mid-day Meal Scheme Drinking Water and Sanitation National Rural Health Mission Integrated Child Development Services National Rural Employment Guarantee Scheme Jawaharlal Nehru National Urban Renewal Mission National Social Assistance Programme Women and Children
  • 5. Scheduled Castes and Scheduled Tribes Minorities Kasturba Gandhi Balika Vidyalaya Scheme 4. INVESTMENT 5. AGRICULTURE Irrigation Credit Agricultural Insurance Plantation Sector Micro Finance Horticulture and Fisheries
  • 6. 6. MANUFACTURING Employment Textiles Handlooms Food Processing Industry Information Technology Small and Medium Enterprises Cluster Development 7. SERVICES SECTOR Tourism Foreign Trade
  • 7. 8. INFRASTRUCTURE Telecommunication Power Coal Petroleum Road Transport Maritime Development 9. FINANCIAL SECTOR Banking, Insurance and Pensions Capital Market
  • 8. 10. OTHER PROPOSALS Research and Development Institutions of Excellence Skills Development Backward Regions Grant Fund Jammu and Kashmir Defence Expenditure E-Governance Celebrating History and Heritage
  • 9. 12. BUDGET ESTIMATES FOR 2006-07 13. TAX PROPOSALS Indirect Taxes a. Customs b. Excise c. Service tax Direct Taxes VAT and CST