This document provides an overview of the Indian budget process and key aspects of the 2013-2014 budget. It discusses India's economic growth rates, challenges of fiscal and current account deficits, and strategies around inclusive development. The budget allocates funds to priority sectors like rural development, education, health, infrastructure, and support for vulnerable groups. It aims to boost investment and address issues like inflation, while striving for higher, sustainable growth and opportunities for all citizens.
The document provides an overview of the key features of the Indian Union Budget for 2015-2016. It discusses the state of the Indian economy, challenges, and the government's plans and targets in areas such as fiscal policy, agriculture, infrastructure, financial markets, taxation, and social programs. The budget aims to achieve high economic growth of 8-8.5%, implement important reforms like GST and financial inclusion programs, boost investment in infrastructure, and address issues in sectors like agriculture, education and healthcare.
Macroeconomic correlates in the FY2015 budget were inconsistent while key fiscal targets did not reflect reality in designing of the framework.
The basis of achieving 7.3 percent GDP growth remains a suspect without substantial private sector investment which has shown a continuous declining trend, underscored the CPD analysis of the National Budget for FY2015.
The analyses flagged that fiscal measures in the budget are largely in order and tuned to budgetary objectives but not adequate to attain expected GDP growth.
The document summarizes key features of the Indian government's 2013-2014 budget. It discusses economic challenges like slowing growth and high deficits. It outlines spending increases for social programs focused on women, children, scheduled castes/tribes, and minorities. Infrastructure, health, education, agriculture, and rural development saw increased allocations. New initiatives were announced to promote investment, rural credit, food security, and livestock farming. The budget aimed to boost growth while pursuing inclusive and sustainable development.
The analysis of the budget for Education sector in BangladeshRabiul Alam Hamon
The document analyzes Bangladesh's education sector budget. It finds that while Bangladesh has made progress toward education goals like universal primary education, challenges remain like low quality and absenteeism. The education budget as a percentage of GDP and the total budget is declining and projected to decline further. It recommends significantly increasing the budget allocation for education to improve teaching quality, fund non-formal education, invest in technical and vocational education, and emphasize efficient resource utilization.
Budget is an estimate of income and expenditure for a set period of time.
From the perspective of Bangladesh the most important issues that are going to impact middle and poor class people need to be discussed
This document is the budget speech for 2013-2014 presented by the Minister of Finance, P. Chidambaram. Some key points:
- The Indian economy has slowed due to global economic challenges and domestic issues like a high fiscal deficit and current account deficit. The goal is to return to 8% growth through this budget.
- Allocations are made to priority areas like rural development, health, education, women and child development, SC/ST welfare, and infrastructure. Total expenditure is budgeted at Rs. 16,65,297 crore, a 29.4% increase in plan expenditure from the current year.
- Inflation, fiscal deficit, and current account deficit remain challenges but the
The document summarizes the key aspects of the Union Budget 2020-21 presented by the Finance Minister Nirmala Sitharaman, including structural reforms focused on governance, financial sector, agriculture, and infrastructure development, as well as expenditure estimates and tax proposals aimed at boosting the Indian economy and achieving the government's vision of an aspirational India. The budget aims to balance growth promotion with fiscal discipline through measured stimulus targeted at entrepreneurship, trust-building, and citizen prosperity.
Presentation on Economics Growth of BangladeshJafor Sadik
The document discusses the economic growth of Bangladesh. It notes that Bangladesh has experienced average GDP growth of 5.4% in recent years, driven by development of microcredit and the garment industry. However, challenges remain including overpopulation, poor infrastructure, corruption, and political instability. Key constraints to improving growth are increasing export competitiveness, developing the financial sector, improving education and rural development, and investing in transportation infrastructure like roads, railways and inland waterways.
The document provides an overview of the key features of the Indian Union Budget for 2015-2016. It discusses the state of the Indian economy, challenges, and the government's plans and targets in areas such as fiscal policy, agriculture, infrastructure, financial markets, taxation, and social programs. The budget aims to achieve high economic growth of 8-8.5%, implement important reforms like GST and financial inclusion programs, boost investment in infrastructure, and address issues in sectors like agriculture, education and healthcare.
Macroeconomic correlates in the FY2015 budget were inconsistent while key fiscal targets did not reflect reality in designing of the framework.
The basis of achieving 7.3 percent GDP growth remains a suspect without substantial private sector investment which has shown a continuous declining trend, underscored the CPD analysis of the National Budget for FY2015.
The analyses flagged that fiscal measures in the budget are largely in order and tuned to budgetary objectives but not adequate to attain expected GDP growth.
The document summarizes key features of the Indian government's 2013-2014 budget. It discusses economic challenges like slowing growth and high deficits. It outlines spending increases for social programs focused on women, children, scheduled castes/tribes, and minorities. Infrastructure, health, education, agriculture, and rural development saw increased allocations. New initiatives were announced to promote investment, rural credit, food security, and livestock farming. The budget aimed to boost growth while pursuing inclusive and sustainable development.
The analysis of the budget for Education sector in BangladeshRabiul Alam Hamon
The document analyzes Bangladesh's education sector budget. It finds that while Bangladesh has made progress toward education goals like universal primary education, challenges remain like low quality and absenteeism. The education budget as a percentage of GDP and the total budget is declining and projected to decline further. It recommends significantly increasing the budget allocation for education to improve teaching quality, fund non-formal education, invest in technical and vocational education, and emphasize efficient resource utilization.
Budget is an estimate of income and expenditure for a set period of time.
From the perspective of Bangladesh the most important issues that are going to impact middle and poor class people need to be discussed
This document is the budget speech for 2013-2014 presented by the Minister of Finance, P. Chidambaram. Some key points:
- The Indian economy has slowed due to global economic challenges and domestic issues like a high fiscal deficit and current account deficit. The goal is to return to 8% growth through this budget.
- Allocations are made to priority areas like rural development, health, education, women and child development, SC/ST welfare, and infrastructure. Total expenditure is budgeted at Rs. 16,65,297 crore, a 29.4% increase in plan expenditure from the current year.
- Inflation, fiscal deficit, and current account deficit remain challenges but the
The document summarizes the key aspects of the Union Budget 2020-21 presented by the Finance Minister Nirmala Sitharaman, including structural reforms focused on governance, financial sector, agriculture, and infrastructure development, as well as expenditure estimates and tax proposals aimed at boosting the Indian economy and achieving the government's vision of an aspirational India. The budget aims to balance growth promotion with fiscal discipline through measured stimulus targeted at entrepreneurship, trust-building, and citizen prosperity.
Presentation on Economics Growth of BangladeshJafor Sadik
The document discusses the economic growth of Bangladesh. It notes that Bangladesh has experienced average GDP growth of 5.4% in recent years, driven by development of microcredit and the garment industry. However, challenges remain including overpopulation, poor infrastructure, corruption, and political instability. Key constraints to improving growth are increasing export competitiveness, developing the financial sector, improving education and rural development, and investing in transportation infrastructure like roads, railways and inland waterways.
Assignment on Current Economic ConditionsAnurag Verma
This document is an assignment submitted by students for their MBA program. It contains summaries of key economic concepts related to growth and inflation in India. The assignment discusses issues like stagflation, nominal vs real GDP, the Index of Industrial Production (IIP), and how inflation is measured using the Consumer Price Index (CPI) and Wholesale Price Index (WPI). The students analyze factors influencing India's current economic environment of high inflation and low growth.
The document analyzes Bangladesh's national budget for fiscal year 2015-16. It notes both advantages, such as low inflation and stable exchange rates, and challenges for the economy, including sluggish private investment and poor revenue generation. The budget aims for 7% GDP growth. It projects increases in both revenue and expenditure as a percentage of GDP, with the budget deficit remaining at 5% of GDP. However, the analysis questions whether the fiscal framework is credible and sustainable given past budget overruns.
The document provides an analysis of the state of the Bangladesh economy in Fiscal Year 2015. Some key points:
- Economic growth fell short of ambitious targets in FY13 and FY14. Private investment remained sluggish.
- In FY15, GDP growth is projected to be 6.5%, below the target of 8%. Revenue collection and private investment face challenges.
- Inflation stabilized at a lower level but food inflation remains high. The balance of payments showed some pressure.
- Private investment in major sectors like manufacturing and services has not picked up as expected in the post-election year. Import of machinery increased but the sustainability of this trend is uncertain.
The document is a presentation comparing the budgets of India, USA, and China. It provides information on each country's budget including revenues, expenditures, deficits/surpluses, and percentages. Key facts presented include the USA had a $901 billion deficit in 2013, China had an $83 billion deficit in 2011, and India had a $92 billion deficit in 2013 representing 30.5% of its budget. Charts are also included to aid in comparing and analyzing the different countries' budgets.
1) The report summarizes Bangladesh's economic growth and development, noting that GDP grew 6.5% in 2015. Key sectors driving growth include exports, remittances, agriculture and industry.
2) Challenges to maintaining and increasing growth include inadequate infrastructure like power and ports, governance issues like corruption, rapid urbanization, and lack of export competitiveness.
3) The report outlines recent economic performance and prospects, highlighting continued GDP growth projected at 6.7% in 2016, moderating inflation, and a narrowing trade deficit. Achieving higher growth will require addressing infrastructure deficits and pursuing institutional and policy reforms.
The budget speech delivered by Finance Minister Ishaq Dar did not adequately address issues of human and social development in Pakistan. The budget focused on meeting fiscal deficit targets through revenue generation and expenditure control rather than promoting job creation, access to affordable resources, and reducing income inequality. While some positive steps were taken to increase funding for agriculture and higher education, overall social sector spending on health and education remained below targets. The budget maintained the status quo rather than announcing meaningful reforms to address structural issues hampering exports, investment, and economic sustainability.
Bangladesh on
Development Highway:
The Time is Ours
Budget Speech 2017-18
Abul Maal Abdul Muhith
Minister
Ministry of Finance
Government of the People’s Republic of Bangladesh
18 Jaisthya 1424
1 June 2017
Budget Speech, 2017-18 ,Bangladesh
Imbalance between development and non development expenditureFehmeeda Zeenat
The document discusses the imbalance between development and non-development expenditures in Pakistan. It notes that a large portion of Pakistan's expenditures go toward non-development items like defense, debt payments, subsidies, and administration. This leaves little room for development spending on infrastructure and social services. Reducing non-development costs and prioritizing development expenditures could help Pakistan address issues like poverty, unemployment, and economic growth. However, cutting defense spending is challenging given Pakistan's security situation. Overall, striking the right balance between non-development and development budgets is important for Pakistan's fiscal stability and socioeconomic progress.
The CPD IRBD 2019 Team would like to register its gratitude to Professor Rehman Sobhan, Chairman, CPD for his advice and guidance in preparing this report.
The Team gratefully acknowledges the valuable support provided by Ms Anisatul Fatema Yousuf, Director, Dialogue and Communication Division, CPD and her team in preparing this report. Contribution of the CPD Administration and Finance Division is also highly appreciated. Assistance of A H M Ashrafuzzaman, Deputy Director IT; Mr Hamidul Hoque Mondal, Senior Administrative Associate; Ms Tahsin Sadia, Executive Associate; Ms Nafisa Yasmin, Executive Associate are particularly appreciated.
Concerned officials belonging to a number of institutions have extended valuable support to the CPD IRBD Team members. In this connection, the Team would like to register its sincere thanks to Bangladesh Bank (BB), Bangladesh Bureau of Statistics (BBS), Bangladesh Investment Development Authority (BIDA), Dhaka Stock Exchange (DSE), Export Promotion Bureau (EPB), Ministry of Finance (MoF), National Board of Revenue (NBR), and Planning Commission.
The CPD IRBD 2019 Team alone remains responsible for the analyses, interpretations and conclusions presented in this report.
More Details of the event: https://bit.ly/2MIcu0L
what is budget
Expectations of the public
Conclusions of Budget speech
surprising facts
sasta aur mehanga
plan & Non plan expenses
Capital expenses and revenue expenses
Revenue deficit & Fiscal Deficit
Rajiv Gandhi Equity Saving Scheme
Asset Creation
www.indiabudget.nic.in
The Giant Strides and Footprints of Preseident Goodluck JonathanCelestine Achi
Whenever I think of the giant strides achieved by President Goodluck Jonathan and the effort of the opposition to deny verifiable #facts, I become more emboldened in my trust and believe in GEJ and boldly say #whynotGEJ and when I studied and verified the compilation of GEJ''s significant achievements in almost all the sectors, I could finally make my submission to a man I can trust. It is now time to #ThinkNigeriaVoteGoodluck for Trans-formative Consolidation.
This report summarizes the findings and policy recommendations from discussions on building an inclusive, resilient and sustainable economy for Pakistan. It suggests short-term measures to maintain macroeconomic stability through prudent fiscal and monetary policies. Long-term recommendations include promoting inclusive growth through improving agricultural productivity, supporting manufacturing competitiveness, and fiscal and trade reforms. Specific policies are proposed to strengthen key sectors like energy, labour markets, women's empowerment, and tourism. The overall goal is an economy that achieves sustainable development and improves living standards.
The document discusses India's strong economic growth in recent years, with GDP growth averaging over 8.5% since 2003 and expected to be around 8.5% in 2007-2008. Inflation has also increased but remains under control at around 5%. Interest rates are expected to rise to control inflation. The strengthening economy has boosted investor confidence but India still faces challenges in sustaining growth, reducing poverty and population growth, and developing infrastructure and education.
Budget Analysis of 2016-17 of BangladeshRasel Ahamed
The document provides an analysis of Bangladesh's budget for fiscal year 2016-2017. Some key points:
- The budget totals Tk. 3,40,605 crore with a GDP growth target of 7.2%. Revenue is projected at 12.4% of GDP and expenditure at 17.4% of GDP, resulting in a budget deficit of 5% of GDP.
- Private investment is expected to rise to 23.3% of GDP. Inflation is projected to decline to 5.8%. The annual development program amounts to Tk. 1,10,700 crore, higher than the previous year.
- Major expenditures include education, public services, interest payments, and transport. Revenue sources
The overall economic condition of bangladeshTanvir777
This document provides an overview of the economic condition of Bangladesh in fiscal year 2011-12. It discusses macroeconomic indicators such as GDP growth, inflation, trade balance, budget deficit, and public debt. Key points include:
- GDP growth target is 7% for FY 2011-12, with projections of 6.82% growth under a business as usual scenario.
- Inflation target is 7.5% while the rate in November 2011 was 10.51%.
- The budget deficit is projected to be 402.66 billion taka, with domestic and foreign borrowing estimated at 272.08 billion and 130.58 billion respectively.
- Foreign exchange reserves declined to USD 9285.20 million in November
This document provides an overview of the national economy, Karnataka state economy, the state's fiscal position over the last 5 years, and the government's vision. Some key points:
- The national economy faces challenges like high inflation, slow growth, and uncertain investment outlook. Karnataka's economy has also been impacted.
- Karnataka's GDP growth for 2012-13 is estimated at 5.9%. The service sector leads growth at 8.9% while agriculture grew 1.8% and industry 2.4%.
- Over the last 5 years, the state has maintained fiscal discipline, revenue surplus, and kept fiscal deficit below 3% of GDP. Plan expenditure has more than doubled to Rs. 420
The document provides information about federal budgets. It defines what a budget is and discusses different types of budgets including government budgets. It explains that a federal budget forecasts spending for the upcoming year in a country. The budget process involves preparation, approval, implementation, and auditing. Budgets can be executive, legislative, capital, operating, line-item, performance-based, or zero-based. It also discusses budget surpluses, deficits, and discretionary vs entitlement spending. The document concludes by summarizing highlights and criticisms of Pakistan's 2015-2016 federal budget, which aimed to strengthen industry and agriculture through incentives but faced challenges including poor governance and an imbalance of spending priorities.
This document summarizes major economic indicators of Bangladesh, including GDP, GNP, per capita income, unemployment rate, inflation rate, interest rates, literacy rate, balance of trade, and remittances. It provides definitions and formulas for calculating GDP, GNP, and per capita income. Charts are included showing GDP growth and per capita income trends over the last 10 years in Bangladesh as well as unemployment rate trends. The document was presented by a student at the University of Dhaka as part of a course on managerial economics.
The document summarizes key points from India's Union Budget for 2013-2014. It notes that the economy has slowed and the key challenges are returning to 8% growth, reducing fiscal and current account deficits, and controlling inflation. The budget aims to boost inclusive development through increased allocation to social sectors. It outlines a new fiscal consolidation path and encourages foreign investment. The budget prioritizes job creation and education/skills training for youth while increasing allocations for scheduled castes, tribes, women and children.
This document provides an overview of Pakistan's budget and economy for the 2013-2014 fiscal year. It highlights several key economic indicators such as GDP growth, investment levels, inflation rates, and fiscal developments. It also outlines significant proposed amendments to Pakistan's income tax, sales tax, and federal excise policies, including changes to tax rates and exemptions.
This report cover New Industrial Policy of Gujarat, 2015. it cover various Incentive Schemes like Incentives for SMEs, Scheme for Plastic Industry, Innovative Start Ups, Industrial Infrastructure, Labour Generating Industries and Research & Development.
If you establishing business in Gujarat then please have a look at the presentation first.
Small Ruminant Developmental programmes- An overviewDr Pranav Kumar
Small ruminants like sheep and goats make valuable contributions to rural livelihoods in developing countries by providing meat, milk, fiber and skins. However, research and development investments in small ruminant production have not matched their importance. The document discusses the history of small ruminant development programs in India since the 19th century. It outlines breeding strategies and development efforts under various Five-Year Plans. While small ruminants are economically important and well-adapted, productivity remains low due to lack of policy attention and funding compared to other livestock. Focused small ruminant development is needed to improve rural incomes and nutrition."
Assignment on Current Economic ConditionsAnurag Verma
This document is an assignment submitted by students for their MBA program. It contains summaries of key economic concepts related to growth and inflation in India. The assignment discusses issues like stagflation, nominal vs real GDP, the Index of Industrial Production (IIP), and how inflation is measured using the Consumer Price Index (CPI) and Wholesale Price Index (WPI). The students analyze factors influencing India's current economic environment of high inflation and low growth.
The document analyzes Bangladesh's national budget for fiscal year 2015-16. It notes both advantages, such as low inflation and stable exchange rates, and challenges for the economy, including sluggish private investment and poor revenue generation. The budget aims for 7% GDP growth. It projects increases in both revenue and expenditure as a percentage of GDP, with the budget deficit remaining at 5% of GDP. However, the analysis questions whether the fiscal framework is credible and sustainable given past budget overruns.
The document provides an analysis of the state of the Bangladesh economy in Fiscal Year 2015. Some key points:
- Economic growth fell short of ambitious targets in FY13 and FY14. Private investment remained sluggish.
- In FY15, GDP growth is projected to be 6.5%, below the target of 8%. Revenue collection and private investment face challenges.
- Inflation stabilized at a lower level but food inflation remains high. The balance of payments showed some pressure.
- Private investment in major sectors like manufacturing and services has not picked up as expected in the post-election year. Import of machinery increased but the sustainability of this trend is uncertain.
The document is a presentation comparing the budgets of India, USA, and China. It provides information on each country's budget including revenues, expenditures, deficits/surpluses, and percentages. Key facts presented include the USA had a $901 billion deficit in 2013, China had an $83 billion deficit in 2011, and India had a $92 billion deficit in 2013 representing 30.5% of its budget. Charts are also included to aid in comparing and analyzing the different countries' budgets.
1) The report summarizes Bangladesh's economic growth and development, noting that GDP grew 6.5% in 2015. Key sectors driving growth include exports, remittances, agriculture and industry.
2) Challenges to maintaining and increasing growth include inadequate infrastructure like power and ports, governance issues like corruption, rapid urbanization, and lack of export competitiveness.
3) The report outlines recent economic performance and prospects, highlighting continued GDP growth projected at 6.7% in 2016, moderating inflation, and a narrowing trade deficit. Achieving higher growth will require addressing infrastructure deficits and pursuing institutional and policy reforms.
The budget speech delivered by Finance Minister Ishaq Dar did not adequately address issues of human and social development in Pakistan. The budget focused on meeting fiscal deficit targets through revenue generation and expenditure control rather than promoting job creation, access to affordable resources, and reducing income inequality. While some positive steps were taken to increase funding for agriculture and higher education, overall social sector spending on health and education remained below targets. The budget maintained the status quo rather than announcing meaningful reforms to address structural issues hampering exports, investment, and economic sustainability.
Bangladesh on
Development Highway:
The Time is Ours
Budget Speech 2017-18
Abul Maal Abdul Muhith
Minister
Ministry of Finance
Government of the People’s Republic of Bangladesh
18 Jaisthya 1424
1 June 2017
Budget Speech, 2017-18 ,Bangladesh
Imbalance between development and non development expenditureFehmeeda Zeenat
The document discusses the imbalance between development and non-development expenditures in Pakistan. It notes that a large portion of Pakistan's expenditures go toward non-development items like defense, debt payments, subsidies, and administration. This leaves little room for development spending on infrastructure and social services. Reducing non-development costs and prioritizing development expenditures could help Pakistan address issues like poverty, unemployment, and economic growth. However, cutting defense spending is challenging given Pakistan's security situation. Overall, striking the right balance between non-development and development budgets is important for Pakistan's fiscal stability and socioeconomic progress.
The CPD IRBD 2019 Team would like to register its gratitude to Professor Rehman Sobhan, Chairman, CPD for his advice and guidance in preparing this report.
The Team gratefully acknowledges the valuable support provided by Ms Anisatul Fatema Yousuf, Director, Dialogue and Communication Division, CPD and her team in preparing this report. Contribution of the CPD Administration and Finance Division is also highly appreciated. Assistance of A H M Ashrafuzzaman, Deputy Director IT; Mr Hamidul Hoque Mondal, Senior Administrative Associate; Ms Tahsin Sadia, Executive Associate; Ms Nafisa Yasmin, Executive Associate are particularly appreciated.
Concerned officials belonging to a number of institutions have extended valuable support to the CPD IRBD Team members. In this connection, the Team would like to register its sincere thanks to Bangladesh Bank (BB), Bangladesh Bureau of Statistics (BBS), Bangladesh Investment Development Authority (BIDA), Dhaka Stock Exchange (DSE), Export Promotion Bureau (EPB), Ministry of Finance (MoF), National Board of Revenue (NBR), and Planning Commission.
The CPD IRBD 2019 Team alone remains responsible for the analyses, interpretations and conclusions presented in this report.
More Details of the event: https://bit.ly/2MIcu0L
what is budget
Expectations of the public
Conclusions of Budget speech
surprising facts
sasta aur mehanga
plan & Non plan expenses
Capital expenses and revenue expenses
Revenue deficit & Fiscal Deficit
Rajiv Gandhi Equity Saving Scheme
Asset Creation
www.indiabudget.nic.in
The Giant Strides and Footprints of Preseident Goodluck JonathanCelestine Achi
Whenever I think of the giant strides achieved by President Goodluck Jonathan and the effort of the opposition to deny verifiable #facts, I become more emboldened in my trust and believe in GEJ and boldly say #whynotGEJ and when I studied and verified the compilation of GEJ''s significant achievements in almost all the sectors, I could finally make my submission to a man I can trust. It is now time to #ThinkNigeriaVoteGoodluck for Trans-formative Consolidation.
This report summarizes the findings and policy recommendations from discussions on building an inclusive, resilient and sustainable economy for Pakistan. It suggests short-term measures to maintain macroeconomic stability through prudent fiscal and monetary policies. Long-term recommendations include promoting inclusive growth through improving agricultural productivity, supporting manufacturing competitiveness, and fiscal and trade reforms. Specific policies are proposed to strengthen key sectors like energy, labour markets, women's empowerment, and tourism. The overall goal is an economy that achieves sustainable development and improves living standards.
The document discusses India's strong economic growth in recent years, with GDP growth averaging over 8.5% since 2003 and expected to be around 8.5% in 2007-2008. Inflation has also increased but remains under control at around 5%. Interest rates are expected to rise to control inflation. The strengthening economy has boosted investor confidence but India still faces challenges in sustaining growth, reducing poverty and population growth, and developing infrastructure and education.
Budget Analysis of 2016-17 of BangladeshRasel Ahamed
The document provides an analysis of Bangladesh's budget for fiscal year 2016-2017. Some key points:
- The budget totals Tk. 3,40,605 crore with a GDP growth target of 7.2%. Revenue is projected at 12.4% of GDP and expenditure at 17.4% of GDP, resulting in a budget deficit of 5% of GDP.
- Private investment is expected to rise to 23.3% of GDP. Inflation is projected to decline to 5.8%. The annual development program amounts to Tk. 1,10,700 crore, higher than the previous year.
- Major expenditures include education, public services, interest payments, and transport. Revenue sources
The overall economic condition of bangladeshTanvir777
This document provides an overview of the economic condition of Bangladesh in fiscal year 2011-12. It discusses macroeconomic indicators such as GDP growth, inflation, trade balance, budget deficit, and public debt. Key points include:
- GDP growth target is 7% for FY 2011-12, with projections of 6.82% growth under a business as usual scenario.
- Inflation target is 7.5% while the rate in November 2011 was 10.51%.
- The budget deficit is projected to be 402.66 billion taka, with domestic and foreign borrowing estimated at 272.08 billion and 130.58 billion respectively.
- Foreign exchange reserves declined to USD 9285.20 million in November
This document provides an overview of the national economy, Karnataka state economy, the state's fiscal position over the last 5 years, and the government's vision. Some key points:
- The national economy faces challenges like high inflation, slow growth, and uncertain investment outlook. Karnataka's economy has also been impacted.
- Karnataka's GDP growth for 2012-13 is estimated at 5.9%. The service sector leads growth at 8.9% while agriculture grew 1.8% and industry 2.4%.
- Over the last 5 years, the state has maintained fiscal discipline, revenue surplus, and kept fiscal deficit below 3% of GDP. Plan expenditure has more than doubled to Rs. 420
The document provides information about federal budgets. It defines what a budget is and discusses different types of budgets including government budgets. It explains that a federal budget forecasts spending for the upcoming year in a country. The budget process involves preparation, approval, implementation, and auditing. Budgets can be executive, legislative, capital, operating, line-item, performance-based, or zero-based. It also discusses budget surpluses, deficits, and discretionary vs entitlement spending. The document concludes by summarizing highlights and criticisms of Pakistan's 2015-2016 federal budget, which aimed to strengthen industry and agriculture through incentives but faced challenges including poor governance and an imbalance of spending priorities.
This document summarizes major economic indicators of Bangladesh, including GDP, GNP, per capita income, unemployment rate, inflation rate, interest rates, literacy rate, balance of trade, and remittances. It provides definitions and formulas for calculating GDP, GNP, and per capita income. Charts are included showing GDP growth and per capita income trends over the last 10 years in Bangladesh as well as unemployment rate trends. The document was presented by a student at the University of Dhaka as part of a course on managerial economics.
The document summarizes key points from India's Union Budget for 2013-2014. It notes that the economy has slowed and the key challenges are returning to 8% growth, reducing fiscal and current account deficits, and controlling inflation. The budget aims to boost inclusive development through increased allocation to social sectors. It outlines a new fiscal consolidation path and encourages foreign investment. The budget prioritizes job creation and education/skills training for youth while increasing allocations for scheduled castes, tribes, women and children.
This document provides an overview of Pakistan's budget and economy for the 2013-2014 fiscal year. It highlights several key economic indicators such as GDP growth, investment levels, inflation rates, and fiscal developments. It also outlines significant proposed amendments to Pakistan's income tax, sales tax, and federal excise policies, including changes to tax rates and exemptions.
This report cover New Industrial Policy of Gujarat, 2015. it cover various Incentive Schemes like Incentives for SMEs, Scheme for Plastic Industry, Innovative Start Ups, Industrial Infrastructure, Labour Generating Industries and Research & Development.
If you establishing business in Gujarat then please have a look at the presentation first.
Small Ruminant Developmental programmes- An overviewDr Pranav Kumar
Small ruminants like sheep and goats make valuable contributions to rural livelihoods in developing countries by providing meat, milk, fiber and skins. However, research and development investments in small ruminant production have not matched their importance. The document discusses the history of small ruminant development programs in India since the 19th century. It outlines breeding strategies and development efforts under various Five-Year Plans. While small ruminants are economically important and well-adapted, productivity remains low due to lack of policy attention and funding compared to other livestock. Focused small ruminant development is needed to improve rural incomes and nutrition."
The document provides an overview of the Union Budget of India for 2012-2013, which was presented by the Finance Minister Pranab Mukherjee on March 16, 2012. It discusses key highlights of the budget including tax proposals, the impact on various sectors like agriculture, infrastructure, and education, and the overall budget estimates for fiscal year 2012-2013 with a projected fiscal deficit of 5.1% of GDP.
The document discusses various agricultural development programs under India's 11th and 12th Five Year Plans. Key programs mentioned include the Rashtriya Krishi Vikas Yojna, National Food Security Mission, Dairy Entrepreneurship Development Scheme, National Mission on Micro Irrigation, Jute Technology Mission, and National Mission on Agricultural Extension and Technology. The overall goal of these programs is to promote sustainable growth in agriculture, increase food production, raise farmers' incomes, and achieve food security in India.
The document discusses some of the key economic challenges in 2017-18, including uncertainty in the world economy following recent developments, the potential impact of rising US interest rates on capital flows to emerging economies, and uncertainty around commodity prices like oil. It also notes signs of increasing protectionism globally. The agenda for India in 2017-18 is outlined as "Transform, Energise, Clean India" (TEC India) to transform governance and lives, empower various groups including youth and vulnerable, and cleanse the country of issues like corruption. Key initiatives for farmers include increasing agricultural credit to Rs. 10 lakh crore, expanding crop insurance and irrigation programs, and expanding e-NAM markets.
Union budget 2217 18 personal income-tax and article 112Shubham Agrawal
The government imposes income tax on taxable income of individuals, Hindu undivided families, companies, firms, associations of persons, bodies of individuals, local authorities and any other artificial judicial person. The Indian Income Tax Act of 1961 levies and governs income taxes in India. The Indian Income Tax Department is administered by the Central Board of Direct Taxes and collects income taxes, which provide key funds for the government to finance its activities and serve the public.
This document provides information about the history and rules of cricket. It notes that cricket originated in England in the 12th-13th century and the modern rules were established in 1744. The first international cricket match was between Canada and the US in 1844. There are currently 96 cricket playing nations worldwide. A cricket match involves 11 players per side, with batsmen, a bowler, wicket keeper and fielders. Scoring runs and getting batsmen out are the objectives.
1) The document analyzes Bangladesh's government capital expenditure budgets from 2005-2015 based on data from annual budgets.
2) Key findings include the percentage of capital expenditure declining from 39.25% to 32.66% of total budgets from 2005-2015, with most funds allocated to sectors like energy, transport and agriculture.
3) Economic indicators like GDP growth, per capita income, and inflation are also examined and compared to regional countries.
The document summarizes key changes to India's income tax rates and policies introduced in the 2017 Union Budget. Some highlights include:
- Income tax slab rates were reduced for individual taxpayers with annual income up to Rs. 250,000 taxed at 5% instead of 10%.
- Corporate tax rates were lowered to 25% for domestic companies from 29% previously.
- Cash transaction limits for tax deductibility were set at Rs. 10,000 and tax rebates were increased for individual taxpayers.
- Presumptive income rates were reduced to 6% for small businesses with annual turnover up to Rs. 2 crore.
- Tax audit limits were increased to Rs. 2 crore annual turnover.
Rs.14000 per month pay for workers, 8% sales tax on sugar and 31% corporate tax are laudable interventions in budget. Prices of laptops and computers will decrease in Pakistan.
The document summarizes key points from the Indian budget for 2017-18 relating to farmers. It outlines measures to boost agricultural growth and support farmers, including allocating Rs. 10 lakh crore in credit, expanding crop insurance coverage, increasing irrigation funding, establishing soil-testing labs, and setting up funds for dairy processing and micro-irrigation. The budget aims to enable farmers to increase production and productivity while ensuring income security as part of the goal to double farmers' incomes by 2022. However, it is noted that the budget may have missed opportunities to efficiently allocate demonetization funds and that the agricultural focus appears aimed at upcoming state elections rather than significantly improving GDP or jobs.
India is one of the emerging BRICS economies along with Brazil, Russia, China, and South Africa. Together the BRICS countries represent over 3 billion people and $4 trillion in foreign reserves. However, India's sports budget has decreased over 50% from 2009 levels, currently allocating only $1.15 billion in 2012. There is a lack of training facilities and infrastructure in India to develop athletes despite the large sports budget. Private organizations have had to fund many of India's Olympic medalists due to the lack of support from the government. Improving funding, facilities, and incentives is needed to enhance India's athletic performance going forward.
The document summarizes the 2017-18 Indian budget as it relates to agriculture. Key points include: (1) Agriculture is expected to grow 4.1% in 2017-18; (2) A record Rs. 10 lakh crore has been allocated for agricultural credit to farmers with a 60-day interest waiver; (3) The coverage of the Fasal Bima Yojana crop insurance scheme will increase to 40% in 2017-18 and 50% in 2018-19, with its budget increasing to Rs. 13,240 crores. The budget aims to benefit farmers, the poor, and underprivileged sections of society.
Livestock research for food security and poverty reduction: ILRI strategy 201...ILRI
ILRI's strategy from 2013-2022 aims to improve food security and reduce poverty through research on the efficient, safe, and sustainable use of livestock. ILRI's mission is to improve food/nutritional security and reduce poverty in developing countries by ensuring better lives through livestock. The strategy focuses on 3 strategic objectives: 1) Developing and promoting science-based livestock practices that are sustainable and scalable. 2) Providing evidence to persuade decision-makers to adopt policies and investments that benefit poor households and nations. 3) Increasing stakeholders' capacity to make better use of livestock science and investments. Critical success factors that ILRI needs to excel in to deliver the strategy are partnership, monitoring & evaluation, science quality, organizational effectiveness
The document summarizes key aspects of India's 2017-18 Union Budget. It outlines the agenda for the year, which focuses on transforming governance, energizing various sections of society, and cleaning the country from issues like corruption. It also summarizes major policy announcements, including liberalizing FDI rules and listing railway PSEs, as well as key proposals for direct taxes like income tax rates and corporate tax rates, and indirect taxes including changes to customs and excise duty tariffs.
This was a class assignment for Economics course handled by Prof. P.C.Thomas sir of T.K.M Institute of Management
"To err is human. Please forgive if i have made any mistakes."
A study on Budget deficit AND Its impact on the economy of BangladeshMd Showeb
Government budget deficit is the difference between government revenues and expenditures. Government has different sources of revenues. Major portion of government revenues comes from direct and indirect taxes. Direct taxes come from income and profits of individuals and institutions and indirect taxes come from import duty, supplementary duty and value added tax. It can be put in different way. Direct taxes are the part of economic revenues and incomes of individuals and institutions and indirect taxes are the part of economic transactions in the form of buy, sale, export and import transactions. If government wants accelerate its revenues to meet the growing public expenditures and to reduce the budget deficit without reducing the expenditures of different influential sectors, much efforts should be made to increase economic revenues and income as well as the economic transactions so that the government revenues can meet the growing demand of the economy with the increase in revenues from income tax, import duty, supplementary duty and value added tax. In this regard the concentration of the report is on the management of deficit budget to minimize bad effects and maximize the utilization of funds. Having budget deficit is not a problem at all. The problems lie with the government inefficiency in the management of budget deficit. The evaluation of different reasons behind deficit budget and the evaluation of different bad effects of deficit budget are two crucial parts of our discussion. The impact of budget deficit on the different sectors of the economy is addressed here with relevant information. It is further concentration point of the report to find ways to improve the management performance of the government to achieve different macroeconomic goals with the help of expansion of economic revenues and transactions. The government revenues increase with the increase in economic revenues and economic transactions. The key point of our discussion is government should not decrease the public expenditures as the population is growing. The expenditures on different public sectors have to be increased as the population is growing. But budget deficit should not grow to meet the expenditures as budget deficit has some associated problems with it. For this reason government has to concentrate on accelerating the revenue collection rapidly with the expansion of economic revenues and economic transactions. For this reason government should try to integrate different policies to achieve key macroeconomic goals.
The document provides an overview of plant anatomy, including definitions, applications, and examples. It describes the internal structures of plants like vascular tissue, roots, stems, and leaves. It also outlines the development of plant tissues, organs, and reproductive structures. The summary covers the key topics, structures, and progression in plant anatomy from single-celled to multicellular organisms.
Latest Key Features of Budget 2017-2018 on each topics discussed in Union Bud...Youth Apps
Latest Key Features of Budget 2017-2018 on each topics discussed in Union Budget 2017.
INTRODUCTION
CHALLENGES IN 2017-18
DEMONITISATION
ROADMAP & PRIORITIES
FARMERS
RURAL POPULATION
YOUTH
INFRASTRUCTURE
FINANCIAL SECTOR
DIGITAL ECONOMY
PUBLIC SERVICE
PRUDENT FISCAL MANAGEMENT
PROMOTING AFFORDABLE HOUSING AND REAL ESTATE SECTOR
PROMOTING DIGITAL ECONOMY
EASE OF DOING BUSINESS
GOODS AND SERVICES TAX
RAPID (Revenue, Accountability, Probity, Information and Digitisation)
The document discusses the key concepts in sports marketing including defining sports marketing, comparing it to traditional marketing, outlining the benefits and sectors of sports marketing. It also summarizes the marketing of sports teams and events, marketing products through sports, sports sponsorship, and the major elements of sports marketing such as product, service, pricing, promotion, and distribution strategies. The rights holders, broadcasters, facilities/venues, promoters, buyers/sponsors, agents/athletes, and event management/operations involved in sports marketing are also defined.
The document discusses the Economic Survey of India and provides context around key economic indicators. It summarizes that the Economic Survey reviews India's economic performance in the previous year and aims to inform the formulation of the upcoming budget. It then highlights some of the key figures from the 2005-2006 Economic Survey such as GDP growth projected at 8.1%, agriculture growth at 2.3%, and inflation projected at 5%. The document also discusses concepts like fiscal deficit, revenue deficit, and debt indicators for central and state governments combined.
This document summarizes the key points of the Indian Union Budget for 2013-2014. It discusses economic challenges like achieving 8% growth, fiscal deficits, and inflation. It outlines spending increases for programs focused on agriculture, rural development, health, education, women and children, minorities, and the disabled. Infrastructure investments are proposed for roads, ports, industrial corridors, and energy. Measures to boost investment, manufacturing, and financial sectors are also summarized.
This document provides a summary of the key features of the Indian government's budget for 2013-2014. It discusses economic challenges like slowing growth and high deficits. It outlines spending increases for programs focused on agriculture, rural development, education, healthcare, women and children. It also discusses efforts to boost investment, infrastructure development, and measures to enhance agricultural production and support farmers.
The document provides an overview of the key features of the 2014-2015 Indian budget. It discusses the state of the Indian and global economies, highlighting declining growth rates. It summarizes the government's efforts to reduce the fiscal and current account deficits and inflation. It outlines initiatives to boost agriculture, manufacturing, infrastructure, social programs, and financial inclusion. The budget allocates increased funds for priority areas while continuing fiscal consolidation efforts with the goal of making India a top 3 global economy.
It gives me a pleasure to present the summary and analysis of Union Budget 2015.
While you may have the snapshot, here is a document which will not only give you crisp highlights, but would also decode the impact of Budget 2015 on You, Your company and Your sector.
Hope you find this analysis useful in taking business decisions and align your company's strategy with over all economic climate for the upcoming financial year.
Would love to hear your feedback on the usefulness of the same.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
Budget Basics and overview in a simplified manner. Provides useful insights on the topic of budget and ways to evaluate it.
Can be easily understood by people of non commerce background.
The document summarizes the key points of the Indian Union Budget for 2014-2015. It discusses budget receipts, expenditures, and deficits. It also analyzes aspects of the budget related to agriculture, fiscal consolidation, manufacturing, MSME promotion, banking reforms, and education loans. The budget aims to boost agricultural growth, contain the fiscal and current account deficits, promote manufacturing to increase GDP share, and support small businesses and education.
This document provides an overview of the key points from the Indian Union Budget for 2015-2016. Some of the main points included accelerating economic growth to between 8-8.5%, controlling inflation below 6%, increasing investment in infrastructure, skill development initiatives, social security programs, expanding financial inclusion efforts, and fiscal consolidation with the aim of reducing the fiscal deficit to 3% of GDP over 3 years. The budget also outlined various initiatives related to agriculture, rural development, education, healthcare, tourism, and renewable energy.
Economics Power Point Presentation about topic, Budget 2018-19
Gives information about the Union Budget and increases the knowledge about the India's Economy.Covers the whole India's Budget.At last watch it Thank you keep Supporting
The document summarizes key points from India's 2015 union budget and rail budget. The union budget aimed for 8% GDP growth, promoted "Make in India," and increased infrastructure investment. It also eased business regulations and focused on clean energy. The rail budget prioritized safety, technology adoption, and becoming more disabled-friendly. While the budgets aimed to boost growth, some criticized its lack of education funding and failure to lower income tax brackets. Overall, the budgets sought to promote investment and position India's economy for stronger performance.
This document discusses fiscal policy and its objectives. It provides information on fiscal policy tools used by governments to influence economic growth, employment and prices. The key objectives of fiscal policy are mobilizing resources, accelerating economic growth, minimizing income inequality, increasing employment opportunities, and maintaining price stability. Examples of fiscal tools include taxation, public expenditure, borrowing. The document also summarizes Indian fiscal policy goals of rapid growth, employment expansion, reducing disparities.
Fiscal policy involves a government adjusting its spending and tax rates to influence the economy. The objectives of fiscal policy include full employment, reducing inequality, price stability, and economic development. Public revenue comes from tax receipts like direct taxes on individuals/corporations and indirect taxes on goods/services. It also comes from non-tax receipts like interest. Public expenditure consists of revenue expenditure on current needs and capital expenditure on infrastructure. India's fiscal policy has shifted from indirect taxes to more direct taxes since independence. The 2017 budget aims to transform, energize and clean the economy through initiatives for farmers, MGNREGA, affordable housing, and promoting a digital India.
This document is the budget speech for 2013-14 presented by the Finance Minister of India, P. Chidambaram. In the speech, he acknowledges the economic challenges facing India due to global slowdown but expresses confidence that India can return to high growth. He outlines the government's goals of higher, inclusive and sustainable development. He proposes budgetary allocations to priority areas like rural development, health, education, SC/ST welfare, with increased funding for flagship programs. The speech focuses on creating opportunities for youth through education, skills and jobs to boost incomes and standards of living across India.
Union Budget 2011-2012 was presented by the Finance Minister of India in Parliament on the last working day of February. Key highlights included:
1. India's GDP is estimated to grow at 9% in 2011-2012, up from 8.6% previously. Fiscal deficit is projected to fall to 4.6% from 5.1%.
2. The budget aims to boost rural development and improve public institutions and governance.
3. Total expenditure for 2011-2012 is budgeted at Rs. 12,57,729 crore, with allocations of Rs. 1,60,887 crore for social sectors, Rs. 52,057 crore for education, and Rs. 26,760
The document summarizes India's 12th Five Year Plan (2012-2017). Key points include: the plan aims for 8.2% average GDP growth through faster, more inclusive and sustainable growth. Major objectives are better agricultural and job growth. Strategic challenges include improving infrastructure, education, health, energy and urban development. The plan sets targets for key sectors and priorities increasing funding for health, education, and infrastructure development.
The document summarizes key aspects of the India Budget 2016, including:
1) It focuses on 9 pillars to transform India including agriculture, rural employment, social sectors, infrastructure, financial reforms, and ease of doing business.
2) Key allocations include Rs. 36,000 crores for agriculture and farmer welfare, Rs. 38,500 crores for MGNREGS, and Rs. 2,21,246 crores for infrastructure development.
3) Reforms aim to boost startups, manufacturing, and increase FDI in various sectors such as insurance and pension funds.
The document summarizes the key topics discussed in a panel discussion on the Union Budget 2011-2012 in India. It includes summaries of the budget's impact on various sectors like agriculture, taxes, subsidies, women and senior citizens, infrastructure, and fiscal prudence. Specific allocations and policy changes are mentioned for agriculture, subsidies, taxes, infrastructure spending, and the government's aim to reduce the fiscal deficit. The panel discussion covered the budget's implications for different areas of the economy and society.
It gives me a pleasure to present the summary of India Budget Synthesis 2014.
While you may already have the snapshot, here is a document which will not only give you crisp highlights, but would also decode the impact of Budget 2014 on You, Your Company and Your Sector.
Hope you find this analysis useful in taking clearer business decisions and align your company's strategy with the overall economic climate in the balance part of financial year 2014-15.
Would love to hear your feedback on the usefulness of the same.
Dear Friends,
It gives us a pleasure to present the summary of India Budget Synthesis 2014.
While you may already have the snapshot, here is a document which will not only give you crisp highlights, but would also decode the impact of Budget 2014 on You, Your Company and Your Sector.
Hope you find this analysis useful in taking clearer business decisions and align your company's strategy with the overall economic climate in the balance part of financial year 2014-15.
Would love to hear your feedback on the usefulness of the same."
Regards,
Vishal Thakkar | Group Head - Corporate Relations | Synthesis Group
Hand Phone: 91 9320007891 | Boardline: 91 22 24093737 | Fax: 91 22 24093737
Similar to Budget – 2013 2014, upsc slide, edu zone (20)
SATTA MATKA SATTA FAST RESULT KALYAN TOP MATKA RESULT KALYAN SATTA MATKA FAST RESULT MILAN RATAN RAJDHANI MAIN BAZAR MATKA FAST TIPS RESULT MATKA CHART JODI CHART PANEL CHART FREE FIX GAME SATTAMATKA ! MATKA MOBI SATTA 143 spboss.in TOP NO1 RESULT FULL RATE MATKA ONLINE GAME PLAY BY APP SPBOSS
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...ABHILASH DUTTA
This presentation provides a thorough examination of Over-the-Top (OTT) platforms, focusing on their development and substantial influence on the entertainment industry, with a particular emphasis on the Indian market.We begin with an introduction to OTT platforms, defining them as streaming services that deliver content directly over the internet, bypassing traditional broadcast channels. These platforms offer a variety of content, including movies, TV shows, and original productions, allowing users to access content on-demand across multiple devices.The historical context covers the early days of streaming, starting with Netflix's inception in 1997 as a DVD rental service and its transition to streaming in 2007. The presentation also highlights India's television journey, from the launch of Doordarshan in 1959 to the introduction of Direct-to-Home (DTH) satellite television in 2000, which expanded viewing choices and set the stage for the rise of OTT platforms like Big Flix, Ditto TV, Sony LIV, Hotstar, and Netflix. The business models of OTT platforms are explored in detail. Subscription Video on Demand (SVOD) models, exemplified by Netflix and Amazon Prime Video, offer unlimited content access for a monthly fee. Transactional Video on Demand (TVOD) models, like iTunes and Sky Box Office, allow users to pay for individual pieces of content. Advertising-Based Video on Demand (AVOD) models, such as YouTube and Facebook Watch, provide free content supported by advertisements. Hybrid models combine elements of SVOD and AVOD, offering flexibility to cater to diverse audience preferences.
Content acquisition strategies are also discussed, highlighting the dual approach of purchasing broadcasting rights for existing films and TV shows and investing in original content production. This section underscores the importance of a robust content library in attracting and retaining subscribers.The presentation addresses the challenges faced by OTT platforms, including the unpredictability of content acquisition and audience preferences. It emphasizes the difficulty of balancing content investment with returns in a competitive market, the high costs associated with marketing, and the need for continuous innovation and adaptation to stay relevant.
The impact of OTT platforms on the Bollywood film industry is significant. The competition for viewers has led to a decrease in cinema ticket sales, affecting the revenue of Bollywood films that traditionally rely on theatrical releases. Additionally, OTT platforms now pay less for film rights due to the uncertain success of films in cinemas.
Looking ahead, the future of OTT in India appears promising. The market is expected to grow by 20% annually, reaching a value of ₹1200 billion by the end of the decade. The increasing availability of affordable smartphones and internet access will drive this growth, making OTT platforms a primary source of entertainment for many viewers.
buy old yahoo accounts buy yahoo accountsSusan Laney
As a business owner, I understand the importance of having a strong online presence and leveraging various digital platforms to reach and engage with your target audience. One often overlooked yet highly valuable asset in this regard is the humble Yahoo account. While many may perceive Yahoo as a relic of the past, the truth is that these accounts still hold immense potential for businesses of all sizes.
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
3 Simple Steps To Buy Verified Payoneer Account In 2024SEOSMMEARTH
Buy Verified Payoneer Account: Quick and Secure Way to Receive Payments
Buy Verified Payoneer Account With 100% secure documents, [ USA, UK, CA ]. Are you looking for a reliable and safe way to receive payments online? Then you need buy verified Payoneer account ! Payoneer is a global payment platform that allows businesses and individuals to send and receive money in over 200 countries.
If You Want To More Information just Contact Now:
Skype: SEOSMMEARTH
Telegram: @seosmmearth
Gmail: seosmmearth@gmail.com
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
1. BUDGET – 2013-2014
Key features
Major purposes
Sector wise discussion
Speech of P. Chidambaran
Macro Economic framework
Analysis
discussion
2. BUDGET – A FLASH BACK
The budget process of our country predates the
independence
Budget was first introduced on 7th
April 1860
The first Finance Member, James Wilson presented
the budget
Liaquat Ali Khan, member of the interim Govt.
presented the budget of 1947-48
After independence, India’s first Finance Minister
R.K. Shanmukhan Chetty, presented the 1st
budget on
26th
November, 1947
3. MEANING OF BUDGET
The word budget has been derived from the French
word “bougetts” which means a small bag. It
emphasizes a bag containing the financial proposals
The use of the term budget for the annual financial
plans of the govt. dates back to 1733
In general, a budget shows financial accounts of the
previous year, the budget and revised estimates of the
current year and the budget estimates for the
forthcoming year
Article – 112 – annual financial statement
4. THE ECONOMY & THE
CHALLENGES
Global economic growth slowed from
3.9% in 2011 to 3.2% in 2012
India is part of the global economy –
exports and imports amount to 43% of
GDP- International Transmission – eg.
Recent financial crisis
5. CURRENT GROWTH RATE OF THE
INDIAN ECONOMY
ESTIMATING
AUTHORITY
GROWTH RATE
(%)
CSO 5%
RBI 5.5%
POTENTIAL GR 8%
GNP GAP 3% / 2.5%
6. CHALLENGE
Getting back to that growth rate is the challenge that
faces the country
There is no reason for gloom or pessimism
Even now, of the large countries of the world, only
China & Indonesia are growing faster than India in
2012-13
If we grow at the rate projected by many forecasters
in 2013-14 – only China will grow faster than India
The average for the 11th
plan period, entirely under the
UPA Govt., was 8%, the highest ever in any plan
period
7. STRATEGY / MANTRA OF THE BUDGET
Our goal is “higher growth leading to inclusive and
sustainable development”
Growth is a necessary condition for economic dvpt
It is growth that will lead to inclusive dvpt
Without growth there will be neither dvpt nor
inclusiveness – consider SC, ST, Minorities, Women
As Joseph Stiglitz, Nobel Prize winning economist, said,
“There is a compelling moral case for equity; but it is also
necessary if there is to be sustained growth. A country’s
most important resource is its people”.
The UPA Govt believes in inclusive dvpt, with emphasis
on improving human dvpt indicators
8. FISCAL DEFICIT, CURRENT ACCOUNT
DEFICIT & INFLATION
The purpose of a budget – to create the economic
space and find the resources to achieve the socio-
economic objectives
At present, the economic space is constrained due to:
1) High fiscal deficit
2) Reliance on foreign inflows to finance CAD
3) Lower savings
4) Lower investment
5) Tight monetary policy to contain inflation
6) Strong external headwinds
9. FORMS OF DEFICITS IN PF
RD = total revenue expenditure – TR receipts
BD = total expenditure – total revenue
FD = TE – (revenue receipts + non-debt creating
capital receipts)
FD = Budget deficit + borrowings (that part of the govt.
expenditure which is financed out of borrowing)
Primary Deficit = FD – interest payments
Monetized Deficit means the extent to which the govt.
borrows from the RBI and not from the market. RBI prints
fresh currency which monetize the economy by bringing
more money into circulation – called deficit financing
10. CURRENT ACCOUNT DEFICIT (CAD)
It is defined as deficit b/w receipts on account of
trade & invisibles and payments on account of trade &
invisibles in the BoPs account of the country
TWIN DEFICIT
An economy is deemed to have a Twin Deficit if it has
CAD and Fiscal Deficit
11. FISCAL DEFICIT, CURRENT ACCOUNT
DEFICIT & INFLATION
In September, 2012 – Govt. accepted the
main recommendations of the Dr. Vijay
Kelkar
A new fiscal consolidation path was
announced
Red lines were drawn for the FD at 5.3% of
GDP in 2012-13 and 4.8% in 2013-14
12. CAD; IS ANY AMICABLE SOLUTION
The greater worry of the budget – CAD
The CAD continues to be high mainly because of:
1) Our excessive dependence on oil imports
2) High volume of coal imports
3) Our passion for gold
4) Slow down in exports
This year, and perhaps next year too, we have to find
over USD 75 billion to finance the CAD
13. HOW CAN WE FINANCE CAD
There are only 3 ways before us
Foreign Direct Investment (FDI)
Foreign Institutional Investment (FII), and
External Commercial Borrowing (ECB)
Hence, we have no choice between welcoming and
spurning foreign investment
Foreign investment is an imperative
What we can do – to encourage foreign investment that is
consistent with our economic objectives
14. INFLATION: FOOD & NON-FOOD
Economic evils; namely: inflation and deflation
Looming large over our efforts to stimulate growth is inflation.
Major factors responsible for inflation:
Imported inflation
Supply demand mismatch, eg. Oilseeds & pulses
Excessive aggregate demand
Our efforts in the past few months have brought down
headline WPI inflation to about 7.0% and core inflation to
about 4.2%
It is food inflation that is worrying, and we shall take all
possible steps to augment the supply side to meet the
growing demand for food items
15. INFLATION
CORE INFLATION: Take only
manufacturing items only – practiced in
developed countries – not food & fuel
HEADLINE INFLATION: Take all sectors
like manufacturing, food and fuel items –
practiced in India
16. WHOLE PRICE INDEX (WPI)
SL.N
O.
COMPONENTS WEIGHTAGE
(%)
1 MANUFATURE ITEMS 64.97
2 PRIMARY ARTICLES 20.12
3 FUEL & POWER 14.91
NO. OF COMMODITIES 676
BASE YEAR 2004-05
18. GOVERNMENT EXPENDITURE
Govt. expenditure boosts AD and it has both good
and bad consequences
Wisdom lies in finding the correct level of govt.
expenditure; some propsals:
Rationalization of PE
Disciplined budget (tax & expenditure)
Market mechanism (forces of DD & SS)
Review of certain tax policies
The dvpt must be sustainale – economically,
ecologically, democratic legitimacy & approval
19. THE PLAN AND BUDGETARY ALLOCATIONS
• Budget estimate of 2012-13 – BE Rs. 14,90,925 crore
• Due to the slowdown & the austerity measures, the
revised estimate is Rs. 14,30,825 crore – 96% of the BE
• BE of 2013-14 – Rs. 16,65,297 crore & plan expenditure
at Rs. 5,55,322 crore
• Plan expenditure in 2013-14 will be 29.4% more than
the revised estimate of the current year
• All flagship programs have been fully & adequately
funded
20. MAIN GOAL OF THE BUDGET
One side ‘Economic policy’ and other side is
‘Economic welfare’
The link b/w policy and welfare can be expressed in a
few words: opportunities, education, skills, jobs &
incomes
One overarching goal: to create opportunities for our
youth to acquire education & skills that will get them
decent jobs or self employment that will bring them
adequate incomes that will enable them to live with
their families in a safe and secure environment
21. SC, ST, WOMEN & CHILDREN
The total (SC & ST sub plans) represents an increase
of 12.5% over the BE and 31% of the revised budget
(RB) of the current year
Fund Allocation
CATEGORY FUND (in crore)
SC sub plan 41,561 - III
ST sub plan 24,598 - IV
Gender budget 97,134 _ I
Child budget 77,236 - II
Ministry of Minority
Affairs
3,511 - V
22. WOMEN
Ministry of Women & Child Dvpt has
been asked to design schemes that will
address gender discrimination every
where, especially at the work place –
additional sum of Rs. 200 crore
23. MAULANA AZAD EDUCATION FOUNDATION
Main vehicle to implement educational schemes and
channelize funds to non-govt. organizations for the
minorities
Its corpus stands at Rs. 750 crore
Budget allocated Rs. 160 crore to the corpus fund of
the institution to increase corpus fund to RS. 1,500
crore during the 12 FYP
Rs. 100 crore to this foundation to launch medical aid
to its objectives
24. DISABLED PERSONS
Allocate a sum of Rs. 110 crore to the
Department of Disability Affairs for
the ADIP Scheme in 2013-14, as against
the RE of Rs. 75 crore in 2012-13
25. HEALTH AND EDUCATION
Health for all and education for all remain our
priorities
Allocate 37,330 crore to the Ministry of Health &
Family Welfare. Of this, the new National Health
Mission (combines NRHM & proposed NUHM) will
get 21,239 crore, an increase of 24.3% over the RE
Rs. 4,727 crore for medical education, training &
research
Rs. 1,069 crore to the Department of AYUSH
The National Program for the Health Care of Elderly
is being implemented in 100 selected districts of 21
states
26. EDUCATION
Allocate Rs. 65,867 crore to the Ministry of Human
Resource Development
Sarva Shiksha Abhiyan (SSA) – Rs. 27,258 crore
Right to Eductaion Act (1st
April, 2010, Article 21A)
Rashtriya Madhyamik Shiksha Abhiyan (March 2009)
alloted – Rs. 3,983 crore
Scholarships – 5,284 crore
Mid-Day Meal Scheme (15th
August,1995) – Rs. 13,215 crore
The Govt. is committed to the creation of Nalanda
University as a centre of educational excellence
27. ICDS
Allocate Rs. 17,700 crore in 2013-14
(15,850- 2012-13) – representing an
increase of 11.7%
The focus will continue to be on early
childhood care & education
28. DRINKING WATER
Allocate Rs. 15,260 crore to the Ministry of
Drinking Water and Sanitation
Provide rs. 1,400 crore towards setting up
water purification plants
29. RURAL DEVELOPMENT
Allocated – Rs. 80,194 crore
MGNREGS (Feb,2006) - Rs. 33,000 crore
PMGSY (25 Dec, 2000) - Rs. 21,700
IAY (1985-86) - Rs. 15,184
The budget proposed to carve out PMGSY-II and
allocate a portion of the funds to the new programs
that will benefit states such as AP, Haryana,
Karnataka, Maharashtra, Punjab & Rajasthan
31. AGRICULTURE
The average annual growth rate of agriculture
9th
FYP - 2.5%
10th
FYP - 2.4%
11th
FYP - 3.6%
Total food grain production – 2012-13- over 250 MTs
Agricultural exports from April to December, 2012
have crossed Rs. 138,403 crore
Allocate Rs. 27,049 crore to the Ministry of
Agriculture
Of this, agricultural research will be provided Rs.
3,415 crore
32. AGRICULTURE
Agricultural credit is the driver of agricultural
production
It is a state subject
Agricultural credit target for 2013-14 – Rs. 700,000
crore
Interest subvention scheme for short-term crops loan
continued – 4% per annum
The budget proposed to extend the scheme to crop
loans borrowed from private sector scheduled
Commercial Banks
33. GREEN REVOLUTION
Continue to support the eastern Indian states with an
allocation of Rs. 1000 crore in 2013-14
Crop diversification – Punjab & Haryana
Rashtriya Krishi Vikas Yojana (RKVY-Aug 16, 2007) –
9,954 crore – to mobilize higher investment in
agriculture – 11th
plan allocation was – 25,000 crore
National Food Security Mission (NFSM-Rabi, 2007-
08) – 2,250 crore – intended to bridge yield gaps
Integrated Watershed Program – Rs. 5,387 crore
34. PROPOSED INSTITUTIONS
National Institute of Biotic Stress Management – for
addressing plan protection issues will be established
at Raipur, Chhattisgarh
Indian Institute of Agricultural bio-technology will be
established at Ranchi, Jharkhand
35. NATIONAL LIVESTOCK MISSION
NLM will be launched in 2013-14 to attract
investment and to enhance productivity taking into
account local agro-climatic conditions
The budget proposed to provide Rs. 307 crore for the
mission
There will be a submission for increasing the
availability of feed and fodder
36. FOOD SECURITY
National Food Security Bill is a promise of the UPA
Government
The budget set apart Rs. 10,000 crore, over and above
the normal provision for food subsidy, towards the
incremental cost that is likely under the Act
37. INVESTMENT, INFRASTRUCTURE & INDUSTRY
The growth rate of an economy is correlated with the
investment rate
Investment is an act of faith. ‘Doing business in India’
must be seen as easy, friendly and mutually beneficial.
It is the infrastructure that needs large volumes of
investment
The 12th
plan projects an investment of USD 1 trillion
or Rs. 55, 00,000 crore in infrastructure
The plan envisages that – private sector will share
47% of the investment
38. INVESTMENT IN INFRASTRUCTURE
Govt. has taken or will take the following measures to
increase investment in infrastructure:
1) Infrastructure Dept Funds (IDF) will be encouraged
2) India Infrastructure Finance Corporation Ltd (IIFCL), in
partnership with the ADB
3) In the last two years, a number of institutions were allowed
to issue tax free bonds
4) Multilateral Development Banks – ADB, World Bank
5) NABARD operates the Rural Infrastructure Development
Fund (RIDF). RIDF has successfully utilized 18 tranches so
far. The budget proposed to raise the corpus of RIDF-XIX
in 2013-14 to Rs. 20,000 crore
40. CABINET COMMITTEE ON INVESTMENT (CCI)
Revival of investment in the industrial sector,
especially manufacturing, is a key challenge
CCI has been set up to monitor investment proposals
as well as projects under implementation, including
stalled projects, and guide decision-making in order
to remove bottlenecks and quicken the pace of
implementation
41. NEW INVESTMENT
A company investing Rs. 100 crore or more in plant
and machinery during the period 1/4/2013 to 31/3/2015
will be entitled to deduct an investment allowance of
15% of the investment – aim – to attract new
investment and to quicken the implementation of
projects
The National Electronics Policy, 2012 is intended to
promote manufacture of electronic goods in India
42. SAVINGS
Increasing savings and their optimal allocation for
productive uses lead for higher economic growth
High saving rate – 36.8% - 2007-08
Gross domestic saving fell by 6% points in 2011-12
The private, comprising households and corporate,
remains the main contributor to saving
The household sector must be incentivized to save in
financial instruments rather than buy gold
43. MEASURES TO INCREASE THE AMOUNT OF
SAVING
Rajiv Gandhi Equity Savings Scheme (proposed in the
budget, 2012-13 – income tax deduction of 50% on
retail investments of up to Rs. 50,000 made directly in
equities by those earning an annual income of less
than Rs. 10 lakh) will be liberalized to enable the first
time investor to invest in mutual funds as well as
listed shares
Home loan interest deduction
Inflation Indexed Bonds or Inflation Indexed National
Security Certificates
44. INDUSTRIAL CORRIDORS
Delhi Mumbai Industrial Corridor (DMIC) project has
made rapid progress
Work on two new smart industrial cities at Dholera,
Gujarat and Shendra Bidkin, Maharashtra will start
during 2013-14 – support of Japan
The department of Industrial Policy and Promotion
(DIPP) & the Japan International Cooperation Agency
(JICA) are currently preparing a comprehensive plan
for the Chennai Bengaluru Industrial Corridor
The next corridor will be the Bengaluru Mumbai
Industrial Corridor
45. LEH-KARGIL TRANSMISSION LINE
To improve power supply in the Leh-Kargil region
and connect the Ladakh region to the northern grid,
the govt. will construct a transmission system from
Srinagar to Leh at a cost of Rs. 1,840 crore. The budget
proposed to provide Rs. 226 crore in 2013-14 for the
project
46. CURRENT AFFAIRS – HEAD II
Brazilian Roberto Azevedo – new head of
WTO
Replaced – Frenchman – Pascal Lamy
Azevedo – Brazilian career diplomat
159 member WTO’s – Geneva based
He has been Brazil’s WTO Ambassador
since 2008
47. CURRENT AFFAIRS - SPORTS
Sir Alex Ferguson – Manchester
United Manager – retirement
Took over from Ron Atkinson in 1986
and has won 13 league titles - 5 FA
cups – 2 Champions League
48. PORTS
Two major ports will be established in
Sagar, WB and in AP
A new outer harbour will be
developed in the VOC port at
Thoothukodi, TN
49. NATIONAL WATERWAYS
Five inland waterways have been declared as national
waterways
Move a Bill – Lakhipur – Bhanga stretch of river Barak
in Assam as the 6th
national waterway
The first transport contract has been awarded in WB
from Haldia to Farakka
50. COAL
We must reduce our dependence on
imported coal
Coal imports during the period April-
December, 2012 have crossed 100 MTs
It is estimated that imports will rise to 185
MTs in 2016-17
51. MICRO, SMALL & MEDIUM ENTERPRISES
Enhance the refinancing capability of
SIDBI(April,2,1990) from the current level
of Rs. 5,000 crore to Rs. 10,000 crore per
year
SIDBI set up the India Microfinance Equity
Fund in 2011-12 – Rs. 100 crore
52. TEXTILES
Continue the Technology Upgradation Fund
Scheme (TUFS) for the textile sector in the 12th
plan with an investment target of Rs. 151,000 crore
The major focus would be on modernization of
the powerloom sector. The budget provide Rs.
2,400 crore in 2013-14 for the purpose
Textile parks have been set up under Scheme for
Integrated Textile Parks (SITP)
53. TEXTILES
A new scheme with an outlay of Rs. 500
crore called the Integrated Processing
Development Scheme will be implemented
in the 12th
plan to address the environmental
concerns of the textile industry, including
improving the effluent treatment
infrastructure. The budget provide Rs. 50
crore in 2013-14 for the scheme
54. FINANCIAL SECTOR
Financial sector is at the heart of the economy
Govt. constituted the Financial Sector Legislative
Reforms Commission (FSLRC) in 2011
55. BANKING
Rs. 12,517 crore to infuse additional capital into 13
public sector banks
In 2013-14 – budget allocated further amount of Rs.
14,000 crore for capital infusion
Ensure that public sector banks always meet the Basel
III regulations
Bring all banks under core banking solutions (CBS)
CBS and e-payment systems by 31/12/2013
Rs. 1000 crore – to set up India’s 1st
Women’s Bank as a
PS bank
56. HOUSING SECTOR BANKING
The Rural Housing Fund set up
through the NHB is used to refinance
lending institutions, including RRBs,
that extend loans for rural housing
Budget proposed to start a fund for
urban housing to mitigate the huge
shortage of houses in urban areas
57. INSURANCE
IRDA
Rashtriya Swasthiya Bima Yojana
ULIPs (Unit Linked Insurance Plans), a highly
popular hybrid financial product marketed by the
insurance companies
The SEBI’s case that ULIPs with a large investment
component were oriented more towards the capital
market than to life insurance and, therefore, should
be regulated by SEBI and not IRDA
Ordinance – ULIPs will be regulated by IRDA
58. CAPITAL MARKET
Best regulated market
SEBI’s (1988 – as per the recommendations of the G.S. Patel
Committee – in 1992- statutory body through an Act) silver
jubilee year – 2013 - SEBI set up a new Committee headed by
former Chief Justice of Karnataka HC, Justice N.K. Sodhi to
review insider trading norms (6/3/13)
Some proposals – simplify the procedures
In order to remove the ambiguity that prevails on FDI & FII –
adopt international practice and lay down a broad principle –
where an investor has a stake of 10% or less in company treated
as FII
More than 10% - treated as FDI
A committee will be constituted to examine the application of
the principle and to work out the details expeditiously
59. ENVIRONMENT
Waste to energy project – promotion
Clean & Green energy is a priority of the Govt.
The budget proposed to reintroduce ‘generation-
based incentive’ for wind energy projects and provide
Rs. 800 crore to the Ministry of Non Renewable
Energy for the purpose.
60. OTHER PROPOSALS
Backward Regions Grant Fund (BRGF) is a vital
source of gab funding – Rs. 11,500 crore in 2013-14
BRGF will include a state component for Bihar, the
Bundelkand region, WB, the KBK districts of Odisha
and 82 districts under the Integrated Action Plan
Skill Development – NSDC
We have set an ambitious target of skilling 50 million
people in the 12th
plan period, including 9 million in
2013-14
NRLM & NULM – releasing funds
62. SCIENCE & TECHNOLOGY
Rs. 6,275 crore to the Ministry of S&T
Rs. 5,615 crore to the Department of Space
Rs. 5,880 crore to the Department of Atomic Energy
Problem – we do not pay enough attention to S & T
for the common man
Institutions of Excellence
64. PANCHAYATI RAJ
The Rajiv Gandhi Panchayat Sashaktikaran
(RGPSA) was started in 2013 with a modest
allocation of Rs. 50 crore
Allocated Rs. 455 crore to the Ministry of
Panchayati Raj in 2013-14
65. GHADAR MEMORIAL
To mark the centenary of the Ghadar
movement, the Govt. will fund the
conversion of the Ghadar memorial in San
Francisco into a museum and library
67. MAKE THREE PROMISES
1st
– is the face of the woman – Nirbhaya Fund
2nd
– is the face of the Youth - NSDC
3rd
– face of the poor – Direct Benefit Transfer scheme
68. BUDGET ESTIMATES
Plan Expenditure – Rs. 5,55,322 crore – 33.3% of
total expenditure
Non plan Expenditure – Rs.11,09,975 crore
FD – 5.2% (2012-13) - 4.8% (2013-14)
RD – 3.9 ,, - 3.3% ,,
By 2016-17 bring down the FD – 3% - RD – 1.5% and
the Effective RD to zero
FRBM Act
69. PART- B : TAX PROPOSALS
An emerging economy must have a tax system that
reflects best global practices
The budget propose to set up a Tax Administration
Reform Commission to review the application of tax
policies and tax laws and submit periodic reports that
can be implemented to strengthen the capacity of our
tax system
70. TAX GDP RATIO
In 2011-12, the ratio was 5.5% for Direct
Taxes and 4.4% fro Indirect Taxes –
Aggregate – 9.9% (lowest ratio – we must
reclaim that peak)
In 2007-08 – the ratio – touched a peak of
11.9%
Laffer Curve
71. DIRECT TAXES
Current slabs of personal income tax were introduced
only last year – no change in the budget
The budget give some relief to the tax payers in the
first bracket of 2 lakh to 5 lakh – tax credit of Rs. 2,000
1.8 crore tax payers are expected to benefit to the
value of Rs. 3,600 crore
Fiscal consolidation – both PE cut & augment PR
72. SUPER – RICH TAX
The budget proposed to impose a surcharge of 10% on
persons whose taxable income exceeds Rs. 1 crore –
42,800 persons
Increased the surcharge from 5% to 10% on domestic
companies whose taxable income exceeds Rs. 10 crore
In the case of foreign companies, who pay the higher
rate of corporate tax, the surcharge will increase from
2% to 5%
Dividend distribution tax or tax on distributed
income – increase the current surcharge of 5% to 10%
Educational cess for all tax payers shall continue at
3%
73. INCOME TAX SLAB
BASE OF THE TAX RATE OF THE TAX
Up to 2 lakh Nil
2.1 lah t0 5 lakh 10%
5.1 lakh to 10 lakh 20%
Above 10 lakh 30%
60-79 age group 2.5 lakhs – nil
80 & above age 5 lakh - nil
74. SOME FACTS
Venture Capital Funds – the relevant regulations of SEBI
have been replaced by Alternative Fund Regulations –
registered with SEBI
Introduced Commodities Transaction Tax (CTT) on non-
agricultural commodities futures contracts
The Finance Act, 2012 introduced the General Anti
Avoidance Rules (GAAR)
An expert committee was constituted to consult
stakeholders and finalize the GAAR guidelines
Impermissible tax avoidance arrangements will be
subjected to tax
The budget proposed to bring the modified provisions
into effect from 1/4/2016
75. SOME FACTS
The Rangachary Committee was appointed to look
into tax maters relating Development Centers & IT
sector and Safe Harbor Rules for a number of sectors
The 5th
Large Tax payer Unit will be opened at Kolkata
shortly
Income – tax department is rapidly moving towards
technology based processing (e-filing) – Central
Processing Cell set up at Bengaluru & Central
Processing Cell-TDS inaugurated a few days ago at
Vaishali, Ghazibad
76. DIRECT TAX CODE (DTC)
Income Tax Act – 1961 – 2011 marked the 50th
year
Proposed to a new code based on the best
international practices that will be compatible with
the needs of a fast developing economy
77. INDIRECT TAXES
Customs duty – peak rate – 10% - no change
Excise duty - 12% ,,
Service tax - 12% ,,
As a measure of relief to the ship building industry –
exempt ships and vessels from excise duty
Increased the specific excise duty on cigarettes by
about 18%
Items under service tax enlarged – levy service tax all
air conditioned restaurants
78. ESTIMATES
T he budget proposals on the Direct Taxes side are
estimated to yield Rs. 13,300 crore
Indirect Taxes side – Rs. 4,700 crore
79. GOODS AND SERVICES TAX (GST)
GST first mentioned in the budget of 2007-08 and
planned to implement on 1/4/2010
Need constitutional amendment
GST council
Compensation
80. CONCLUSION
India – 10th
largest economy in the world
We can become 8th,
or perhaps 7th
largest by 2017
By 2025, we could become a USD 5 trillion economy
and among the top five in the world
Swami Vivekananda (Jan 12th
1863), whose 150th
birth
anniversary we celebrate in 2013, told the people: “All
the strength and succour you want is within
yourself. Therefore, make your own future”.
81. RUPEES COMES FROM
1. Borrowing & other liabilities- 27
2. Corporate Tax - 21
3. Income Tax - 12
4. Union Excise Duties - 10
5. Customs Duties - 9
6. Service Tax & other Taxes - 9
7. Non-Tax Revenue - 9
8. Non-Debt Capital Receipts - 3
82. RUPEES GOES TO
1. Central Plan - 21
2. Interest Payments - 18
3. States’ share of taxes & duties - 17
4. Subsidies - 12
5. Other non-plan expenditure - 11
6. Defence - 10
7. Plan assistance to states & UTs - 7
8. Non-plan assistance to states & UTs - 4