budget 2013 and its impact by akkeem
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Budget 2013 and its impact by AkkeemTRANSCRIPT
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BUDGET
Budget is an estimation of income and expenditure for a set period of time, it put forward by a finance minister.
India’s Union Budget 2013 was prepared by Mr.P.Chidhambaram.
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BUDGET 2013
BudgetEducation
Environment
Tax
Oil/gas
Insurance
BankAgriculture
Sports
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EDUCATION
• Rs.4,727 crore for medical education, training and research.
• Rs.27,258 crore provided for Sarva Shiksha Abhiyaan (SSA).
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BANKING
• Rs.6,000 crore to Rural Housing Fund in 2013-14.
• National Housing Bank to setup Urban Housing Fund 2,000 crore to be provided to the fund in 2013-14.
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AGRICULTURE
• Agricultural research provided Rs.3,415 crore.
• Rs.27,049 crore allocated to Ministry of Agriculture, an increase of 22% over the current year.
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SPORTS
• National Institute of Sports Coaching to be set up at Patiala at a cost of Rs.250 crore over a period of 3 years.
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OIL/GAS
• A policy to encourage exploration and production of shale gas will be announced.
• The 5 MMTPA LNG terminal in Dabhol, Maharashtra will be fully operational in 2013-14.
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INSURANCE
• Rashtriya Swasthya Bima Yojana to be extended to other categories such as rickshaw, auto-rickshaw and taxi drivers, sanitation workers, rag pickers and mine workers.
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ENVIRONMENT
• To support municipalities that will implement waste-to-energy projects.
• ‘Generation-based incentive’ reintroduced for wind energy projects and Rs.800 crore allocated for this purpose.
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TAX
• A tax credit of Rs.2000 to every person with total income upto 5 lakhs.
• Increase surcharge from 5% to 10% on domestic companies whose taxable income exceed Rs.10 crore.
• Duty on Set Top Boxes increased from 5% to10 %.
• Duty on raw silk increased from 5% to 15%.
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THANK YOU…BY
ABDUL AKKEEM