Feb 28, 2013

Union Budget 2013 Highlights & Summary

Budget 2013 Highlights

The Union Budget for 2013-14 aims at higher growth rate leading to inclusive and sustainable development as ‘mool mantra’.

·        Finance Minister makes three promises: to women, youth and the poor.
·        Nirbhaya Fund to empower women and to keep them safe and secure.
·        Proposal to set up India’s first Women’s Bank as a public sector bank.
·        Rs. 1,000 crore for skill development of ten lakh youth to enhance their employability and productivity.
·        Direct Benefit Transfer (DBT) Scheme to be rolled out throughout the country during the term of UPA Government.
·        Fiscal Deficit for 2013-14 is pegged at 4.8 percent of GDP. The Revenue Deficit will be 3.3 percent for the same period.
·        Plan Expenditure placed at Rs. 5,55,322 crore. It is 33.3 percent of the total expenditure while Non Plan Expenditure is estimated at Rs. 11,09,975 crore. The plan expenditure in 2013-14 will be 29.4 percent more than the RE of the current year i.e. 2012-13.
·        Substantial rise in allocation to the social sector.  Allocation for Rural Development Ministry raised by 46 percent to Rs. 80,194 crore.
·        The target for farm credit for 2013-14 has been set at Rs. 7,00,000 crore against Rs. 5,75,000 crore during the current year.
·        Rs. 10,000 crore earmarked for National Food Security towards the incremental cost.
·        Education gets Rs. 65,867 crore, an increase of 17 percent over RE for 2012-13.
·        ICDS gets Rs. 17,700 crore. This is 11.7 percent more than the current year.
·        Drinking water and sanitation will receive Rs. 15,260 crore. Rs. 1,400 crore is being provided for setting up water purification plants to cover arsenic and fluoride affected rural areas.
·        Health and Family Welfare Ministry has been allotted Rs. 37,330 crore. National Health Mission will get Rs. 21,239 crore which represents 24.3 percent over the RE.
·        The Jawaharlal Nehru National Urban Renewal Mission  (JNNURM) will receive Rs. 14,873 crore as against RE of Rs. 7,383 crore in the current year.
·        Defence has been allocated Rs. 2,03,672 crore.  
·        Rs. 3,511 crore have been earmarked to Minority Affairs Ministry, 60 percent higher than RE for 2012-13.
·        The Government will encourage Infrastructure Debt Fund (IDF) and allow some institutions to raise tax free bonds upto Rs. 50,000 crore which is 100 percent more than the current year. 
·        India Infrastructure Finance Corporation (IIFC), in partnership with ADB will help infrastructure companies to access bond market to tap long term funds.
·        Income limit under Rajiv Gandhi Equity Savings Scheme (RGESS) will be raised from Rs. 10 lakh to Rs. 12 lakh.
·        First home loan from a bank or housing finance corporation upto Rs. 25 lakh entitled to additional deduction of interest upto Rs. 1 lakh.
·        Proposal to launch Inflation Indexed Bonds or Inflation Indexed National Security Certificates to protect savings from inflation.
·        On oil and gas exploration policy, the Budget proposes to move from the present profit sharing mechanism to revenue sharing. Natural gas pricing policy will be reviewed.
·        On coal, the Budget proposes adoption of a policy of pooled pricing.
·        Benefits or preferences enjoyed by MSME to continue upto three years after they grow out of this category.
·        Refinancing capacity of SIDBI raised to Rs. 10,000 crore.
·        Technology Upgradation Fund Scheme (TUFS) for textile to continue in 12th Plan with an investment target of Rs. 1,51,000 crore.
·        Rs. 14,000 crore will be provided to public sector banks for capital infusion in 2013-14. 
·        A grant of Rs. 100 crore each has been made to 4 institutions of excellence including Aligarh Muslim University, Banaras Hindu University, Tata Institute of Social Sciences, Guwahati and Indian National Trust for Art and Cultural Heritage (INTACH).
·        New taxes to yield Rs. 18,000 crore.
·        A surcharge of 10 percent on persons (other than companies) whose taxable income exceeds Rs.1 crore have been levied.
·        Tobacco products, SUVs and Mobile Phones to cost more.
·        Relief of Rs. 2000 for the tax payers in the first bracket of 2 to 5 lakhs.
·        ‘Voluntary Compliance Encouragement Scheme’ launched for recovering service tax dues.
·        Rs. 9,000 crore earmarked as the first installment of balance of CST compensations to different States/UTs.

NEWS INFO CENTRE: LIVE: आम बजट 2013

NEWS INFO CENTRE: LIVE: आम बजट 2013: LIVE - UNION BUDGET - 2013 - 14 TO BE CONTINUE -  FOR UPDATE , KINDLY REFRESH THE NEWS .....  click here  ..... 12:45 PM ...

NEWS INFO CENTRE: Union Budget 2013 Live Updates

NEWS INFO CENTRE: Union Budget 2013 Live Updates: Union Budget 2013 Live Updates LIVE - UNION BUDGET - 2013 - 14 TO BE CONTINUE -  FOR UPDATE , KINDLY REFRESH THE NEWS .....  click ...

NEWS INFO CENTRE: LIVE: आम बजट 2013

NEWS INFO CENTRE: LIVE: आम बजट 2013: LIVE - UNION BUDGET - 2013 - 14 TO BE CONTINUE -  FOR UPDATE , KINDLY REFRESH THE NEWS .....  click here  ..... 11:37 AM ...

 

NEXT POST

EMPLOYEE NEWS CENTER

READ MORE -

Rail News - Public service (4210) Rail News - Public service (3470) Rail News - Rail Employee (2318) DIVISION - JABALPUR (357) Rail News - Rail Development (315) News - Spl Train (262) News - General (225) DIVISION - BHOPAL (202) Rail News - Job - Career (200) Rail news - Metro (193) Rail News - Circulars (138) DIVISION - HUBLI (128) DIVISION - MORADABAD (122) Office Order (105) DIVISION - ALLAHABAD (93) World Rail News (85) Rail news - Public Alert (79) News - Loco Pilot (73) Rail News - Rail Budget (69) HIGH SPEED RAIL (68) Rail News - 7th Pay Commission (62) Rail News - New Train (61) Improvement in Facilities (58) Rail News - Railway Safety (58) Accidents (55) Rail Development (54) Rail news - World Rail (49) Rail News - Tourism (38) News- Railway Exam Result (35) Rail News - Freight Services (35) DIVISION - Delhi (34) Public Interest (32) Rail News - Sports (32) Trade Union (32) Award (30) Bonus (PLB) (30) PIB (29) Bullet train (28) new line (26) IRCTC (25) News - Dearness Allowance (24) Station Master (23) TATKAL TICKET (22) RPF / RPSF (21) Railway News - Metro (20) Complaint and Suggestions (19) Rail News - Security (19) News - Catering (18) News - Job - Career (18) Mumbai local (17) Railway Pensioners (17) Railway time table (17) News - New Tech (16) News - Railway Employee (16) ‘Premium’ Special Trains (15) Circulars - Govt of India (14) Rail News - Railway Revenue (14) Rail news - Employment Notification (14) Railway News - Delhi Metro (14) Know About (13) Rail News - Special Train (13) Scam (13) Railway Board (12) Railway Joke (12) Catering Related Complaints (11) DIVISION - RAIPUR (11) Freight Corridor (11) Rail News - Security (11) Dedicated Freight Corridors (10) AISMA (9) Rail News - New Rail Line (9) Budget (8) DIVISION - Ambala (8) Employee News (8) News - Exam Result (8) PHOTO (8) Passenger Amenities (8) Premium Air-Conditioned (8) Railway pass (8) World Rail - China (8) fares hikes (8) semi-high speed (8) INCOME TAX (7) Indian Railway History (7) Night Duty Allowance (7) Rail Accidents (7) Rail budget (7) online tickets (7) Central Railway (6) International Railway (6) Mono Rail (6) Mumbai Metro (6) News - Budget (6) Public Grievances (6) Rail Fares (6) Railway Safety (6) Ticket Booking (6) World Rail - Japan (6) extra coaches (6) guard (6) Always Important (5) Drinking Water (5) HELP (5) Holiday Trains (5) IRCON (5) LOCOMOTIVE (5) Zone - Western Railway (5) booking counters (5) hi-tech (5) macp (5) Coaches (4) Food plazas (4) IMPORTANT RULE (4) Mumbai (4) News - Railway Rule (4) RAIL TEL (4) Rail History (4) Rail Neer (4) Rail News - Business (4) Rail News - Rules (4) Railway Minister (4) Train Cancellation (4) World Rail - Pakistan (4) Zone - South Central Railway (4) e-ticket booking (4) escalators (4) AIR - RAIL (3) Booking - Parcel (3) CCTV (3) Children Education Allowance (3) DOUBLE DECKER TRAIN (3) Electrification (3) Konkan railway (3) Medical Allowance (3) Member Engineering (3) Modal Question Paper (3) News- Railway Exam (3) PASS (3) Question Bank (3) Rail News - China (3) Rail fare hike (3) Suvidha Train (3) TRANSFER POLICY (3) VAISHNO DEVI (3) reservation (3) tatkal ticket (3) Booking - Luggage (2) D & A RULE (2) Extension of train services (2) Khumbn Mela (2) LDCE (2) Leave Rule (2) MATHERAN (2) MOBILE APPS (2) Minister of State for Railways (2) National Rail Museum (2) News - Rail Road (2) News -World Film (2) OROP (2) Passenger Reservation System (2) Police help desk (2) Provident Fund interest (2) Rail News - Goods Train (2) Railway Protection Force (2) Railway Proud (2) Railway Stations (2) Retiring Rooms (2) Revenue earnings (2) South Eastern Railway (2) Zone - East Central Railway (2) Zone - N E RLY (2) Zone - Northern Railway (2) Zone - Southern Railway (2) new pension scheme (2) ALER (1) Air Travel (1) DIVISION - CENTRAL RAILWAY (1) DIVISION - MADURAI (1) DIVISION - VIJAYWADA (1) Directory (1) Division - Rangia (1) FOOT OVER BRIDGE (1) FORMS (1) Government Railway Police (1) House Rent Allowance (1) Interesting Facts (1) JAIPUR (1) LARGESS (1) LONDON (1) Lifeline Express (1) MST (1) Measures Against Fire (1) Medical Care (1) Ministry of Railway (1) News - TV (1) Passenger Security (1) RDSO (1) Rail - Roko (1) Rail Bridges (1) Rail News - Privatization (1) Rail News - Bengali (1) Rail News - Consumer Forum (1) Rail Tariff (1) Rail Tenders (1) Rail e-tickets (1) Railway Act (1) Railway Quarter (1) Railway Week (1) Rath Yatra (1) Road over Bridges work (1) SCRA (1) SKY BUS (1) Sainagar Shirdi (1) Suburban trains (1) Swadeshi (1) TRAVELLING ALLOWANCE (1) Ticket Examiner Staff (1) Track Man (1) WhatsApp (1) World Rail - New York (1) World Rail - Russia (1) World Rail - USA (1) World Rail - Washington (1) Zone - E RLY (1) Zone - N C RLY (1) Zone - North Western Railway (1) Zone - Northeast Frontier Railway (1) Zone - S E Railway (1) fire-fighting equipment (1) mobile ticket booking (1) railway station (1) smart card (1) wagon factories (1)

7th Pay Commission & Employee News Center

Followers