1. By-Mrs.Binny Bhogal Rawat
Prof. Finance-HLCPE

2. Finance Minister-Chidambaram
Palaniappan

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

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/