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By-Mrs.Binny Bhogal Rawat
     Prof. Finance-HLCPE
Finance Minister-Chidambaram
Palaniappan
What is Union Budget?
 The Union Budget is the financial annual
  report of India as a country.
 It contains the government of India's revenue
  and expenditure for the end of a particular
  fiscal year, which runs from April 1 to March
  31
 It comprises the revenue budget and the
  capital budget.
 It also contains estimates for the next fiscal
  year.
What is economic survey?
   The FM presents the economy survey in
    the parliament every year just before the
    union budget
Sector Impact-Textiles
   Excise Duty on readymade garments
    exempted +ve for textile sector

Bombay Rayon       240.45   0.95


Mandhana Ind       249.60   3.2
Auto - Negative
 Excise Duty on SUV's raised negative
 Higher allocation to defence +ve


Mah and Mah       878.00          -19.55
Maruti Suzuki    1424.45          -6.3
Banks
      4% farm loan scheme extended to private sector banks




HDFC Bank                    630.50                     -2.45
ICICI Bank                  1108.35                     14.75
Axis Bank                   1402.15                     -1.05
Cigarettes
     Excise Duty on cigarettes up 18%
      negative for ITC


ITC                  287.05              -5.55
Construction & Contracting -
Real Estate
   Excise Duty on marble slabs increased
    negative for real estate
Budget Interpretations
 Branded apparels will be cheaper it has
  been removed from excise duty regime
 18% rise in excise duty on cigarettes,
  cigars and cheroot's.
 More duty free gold items can be
  purchased by the NRIs now. However,
  they must have been outside India for
  more than a year.
 Import duty on luxury cars, motorcycles
  and yachts is increased from 75% to 100%.
 FinMin has provided a tax credit of Rs
  2,000 to individual tax payers with taxable
  income of up to Rs 5 lakh.
 India's first women's bank as a PSU has
  been proposed with Rs. 1,000 crore
  working capital. P. Chidambaram has also
  proposed to provide Rs. 1,000 crore for
  Nirbhaya fund for women.
 Smartphones will become dearer as the
  excise duty on mobile instruments
  priced above Rs 2,000 has been raised
  to six per cent.
 'Super-rich' tax was levied as a 10 per
  cent surcharge on "relatively
  prosperous" persons with an income
  over Rs 1 crore
 P. Chidambaram re-introduced the
  generation based incentives to wind
  energy. Rs 800 crore has been provided
  for this purpose to Ministry of New &
  Renewable Energy
 The excise duty on Sports Utility
  Vehicles (SUV) will be raised to 30 per
  cent from 27 per cent
FISCAL DEFICIT

* Fiscal deficit seen at 5.2 point of GDP in
2012/13

* Fiscal deficit seen at 4.8 point of GDP in
2013/14
SUBSIDIES


    * 2013/14 major subsidies bill estimated at 2.48 trillion
    rupees from 1.82 trillion rupees
    * Petroleum subsidy seen at 650 billion rupees in 2013/14
    * Revised petroleum subsidy for 2012/13 at 968.8 billion
    rupees
    * Estimated 900 billion rupees spending on food subsidies
    in 2013/14
    * Revised food subsidies at 850 billion rupees in 2012/13
    * Revised 2012/13 fertiliser subsidy at 659.7 billion rupees
INFLATION

* Food inflation is worrying, will take all
steps to augment supply side
FOREIGN TRADE

* To cut duty on exports of precious and
semi-precious stones to 2 point from 10
point

* No duty on import of ships, vessels
STT
   Securities Transaction Tax on mutual
    fund and ETF redemptions, equity
    futures reduced to 0.01%;
 one million is equal to 10 lakhs
 1 billion = 100 crore
  1 trillion = 100,000 crore
 http://www.moneycontrol.com/news/

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Union budget 2013

  • 1. By-Mrs.Binny Bhogal Rawat Prof. Finance-HLCPE
  • 3. What is Union Budget?  The Union Budget is the financial annual report of India as a country.  It contains the government of India's revenue and expenditure for the end of a particular fiscal year, which runs from April 1 to March 31  It comprises the revenue budget and the capital budget.  It also contains estimates for the next fiscal year.
  • 4. What is economic survey?  The FM presents the economy survey in the parliament every year just before the union budget
  • 5. Sector Impact-Textiles  Excise Duty on readymade garments exempted +ve for textile sector Bombay Rayon 240.45 0.95 Mandhana Ind 249.60 3.2
  • 6. Auto - Negative  Excise Duty on SUV's raised negative  Higher allocation to defence +ve Mah and Mah 878.00 -19.55 Maruti Suzuki 1424.45 -6.3
  • 7. Banks 4% farm loan scheme extended to private sector banks HDFC Bank 630.50 -2.45 ICICI Bank 1108.35 14.75 Axis Bank 1402.15 -1.05
  • 8. Cigarettes  Excise Duty on cigarettes up 18% negative for ITC ITC 287.05 -5.55
  • 9. Construction & Contracting - Real Estate  Excise Duty on marble slabs increased negative for real estate
  • 10. Budget Interpretations  Branded apparels will be cheaper it has been removed from excise duty regime  18% rise in excise duty on cigarettes, cigars and cheroot's.  More duty free gold items can be purchased by the NRIs now. However, they must have been outside India for more than a year.
  • 11.  Import duty on luxury cars, motorcycles and yachts is increased from 75% to 100%.  FinMin has provided a tax credit of Rs 2,000 to individual tax payers with taxable income of up to Rs 5 lakh.  India's first women's bank as a PSU has been proposed with Rs. 1,000 crore working capital. P. Chidambaram has also proposed to provide Rs. 1,000 crore for Nirbhaya fund for women.
  • 12.  Smartphones will become dearer as the excise duty on mobile instruments priced above Rs 2,000 has been raised to six per cent.  'Super-rich' tax was levied as a 10 per cent surcharge on "relatively prosperous" persons with an income over Rs 1 crore
  • 13.  P. Chidambaram re-introduced the generation based incentives to wind energy. Rs 800 crore has been provided for this purpose to Ministry of New & Renewable Energy  The excise duty on Sports Utility Vehicles (SUV) will be raised to 30 per cent from 27 per cent
  • 14.
  • 15. FISCAL DEFICIT * Fiscal deficit seen at 5.2 point of GDP in 2012/13 * Fiscal deficit seen at 4.8 point of GDP in 2013/14
  • 16. SUBSIDIES  * 2013/14 major subsidies bill estimated at 2.48 trillion rupees from 1.82 trillion rupees * Petroleum subsidy seen at 650 billion rupees in 2013/14 * Revised petroleum subsidy for 2012/13 at 968.8 billion rupees * Estimated 900 billion rupees spending on food subsidies in 2013/14 * Revised food subsidies at 850 billion rupees in 2012/13 * Revised 2012/13 fertiliser subsidy at 659.7 billion rupees
  • 17. INFLATION * Food inflation is worrying, will take all steps to augment supply side
  • 18. FOREIGN TRADE * To cut duty on exports of precious and semi-precious stones to 2 point from 10 point * No duty on import of ships, vessels
  • 19. STT  Securities Transaction Tax on mutual fund and ETF redemptions, equity futures reduced to 0.01%;
  • 20.  one million is equal to 10 lakhs  1 billion = 100 crore 1 trillion = 100,000 crore  http://www.moneycontrol.com/news/