Budget 2013 by Dinesh kumar from Versatile Business School

1. “Higher growth leading to inclusive & sustainable
development”

2. ECONOMIC GROWTH OF
2012
 Global economy growth of a
country slowed down from 3.9%
in 2011 to 3.2% in 2012.
 Export and Import amount to
43% of GDP.
 CSO has estimated growth at
5%.
 RBI estimated growth at 5%.
Final Estimate, it will
be below India’s
Potential growth of
8%.

3. Budget Estimation
2012 2013
Total Expenditure Rs.14,90,925 Rs.16,65,297
Plan Expenditure Rs.14,30,825 Rs.5,55,322
(amount in crore)

4. SC, ST, Women and Children
Rs.97,134C Allotted for programmers related to
women.
Rs.77,236C Allotted for programmers related to
children.

5. Disable Person
2012-2013
 Rs.75 crore allotted.
2013-2014
 Rs.110 crore allotted to the
department of disability
affairs for ADIP scheme.

6. Health
 Ministry of Health and Family Welfare allotted – Rs.37,330C
 New National Health Mission allotted - Rs.21,239C
 National Programmers for Health Care of Elderly-Rs.150C

7. Education
Ministry of HRD -Rs.65,867C
Medical education, Training & Research -Rs.4,727C
Scholarship to students belonging to SC,ST,OBC,Minority & Girl
children – Rs.5,284C

8. ICDS
2012-2013
 Rs.15,850C provided.
2013-2014
 Rs.17,700C provided.

10. Rural Development
2012-2013
 Rs.55,000C allotted.
2013-2014
 Rs.80,194 allotted for ministry.
 Benefited state-AP,H,K,M,P & R.

12. Green Revolution
Bringing green revolution to Eastern India Rs.1,000C
allotted in 2013-2014.
Assam, Bihar and West Bengal have increased their
contribution to rice production.

13. Banking
2012-2013
 Rs.12,517C allotted.
 Rs.4000C to RHF
2013-2014
 Rs.14,000C allotted as
infusing capital.
 6,000 crore to Rural Housing
Fund in 2013-14.

14. Infrastructure
 Infrastructure Debt Funds (IDF) to be encouraged.
 Infrastructure tax-free bond of Rs.50,000 crore in 2013-14.
 3000 km of road projects in Gujarat, Madhya
Pradesh, Maharashtra, Rajasthan and Uttar Pradesh will be
awarded in the first six months of 2013-14.

15. Investment
Rajiv Gandhi Equity Savings Scheme to be liberalised.
Additional deduction of interest upto Rs.1 lakh for a person
taking first home loan upto Rs.25 lakh during period
1.4.2013 to 31.3.2014.

16. Post Offices
 To modernise the postal network at a cost of Rs. 4,909 crore.
 Post offices to become part of the core banking solution and
offer real time banking services.

17. Tax Proposal
 No change in the normal rates of 12% for
excise duty and service tax.
 Duty on specified machinery for manufacture
of leather and leather goods including
footwear reduced from 7.5 to 5 percent.
 Cell phone, air-conditioned restaurant meals
tax are increased in service tax.
 Readymade garments, carpets and jute will
cost less owing to reduction in excise duty.
 Duty on Set Top Boxes increased from 5 to10
percent.
 Duty on raw silk increased from 5 to 15
percent.